According to the current analysis of Reports and Data, the global Flying Taxi market was valued at USD 1.3 Billion in 2018 and is projected to grow at a CAGR of 28.59% from 2019 to 2026. Rising need for faster means of transportation is the major factor boosting the growth of the market over the forecasted period. Increasing government initiatives globally is another factor boosting the growth of the Flying Taxi market. However, the lack of sufficient regulatory framework will act as a hindrance for the growth of the market over the forecasted period.
Rising urban population leads to an ever increasing amount of traffic on the roads. For distances of more than 20 kilometers, a flying taxi acts as an attractive solution to a conventional taxi, as it can bypass the congested roadway on the ground. Major investments are being carried out by market players to develop better battery technologies. This will lead to an increase in the maximum distance that the flying taxi can be flown to. Flying taxi adds a third dimension to the urban transportation matrix. It also acts as an attractive solution for areas where merely increasing the two dimensional capacity would in no way solve the existing traffic situation. Autonomous flight technology is one of the factors that will lower the operating costs of the flying taxis as the cost rendered due to a pilot will become obsolete. The extra free seat in each aircraft will also boost the potential by facilitating the increase in the payload.
Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/2199
Key participants include
Airbus (Netherlands), Beechcraft Corporation (U.S.), Boeing (U.S.), Dassault Aviation SA (France), EHANG (China), Volocopter GmbH (Germany), Uber (U.S.), Embraer (Brazil), Gulfstream (U.S.), and Cessna (U.S.).
Further key findings from the report suggest
eVTOL technology will witness fast growth over the forecasted period.
Lift and cruise and tilt-wing technologies will combine with more durable batteries thus letting vehicles fly up to 250kms as well as carry more than three passengers at the same time.
European airspace is regulated, especially in the region near major airports. The challenge in such areas will be to adapt existing laws and regulations to accommodate the peculiarities of flying.
With the rise in popularity of the flying taxi market, the demand for it for leisure purpose will also increase in comparison to the flights done for work purpose.
North America dominates the market with a share of over 40% in 2018. Presence of prominent market players like Uber, Boeing, and Beechcraft Corporation among others, is a major factor responsible for the high share of the market. The region is forecasted to be the largest region until the year 2026.
Uber, which is one of the market players has partnered with Bell to launch the Nexus VTOL aircraft, that is being developed as the preferred platform for Uber`s Elevateflying taxi program.
Leading players in the market are focused on investing and improving their R&D capabilities in order to offer the latest technologies to gain a competitive advantage.
Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/2199
For this report, Reports and Data have segmented into the global Flying Taxi market on the basis of resin type, composite phases, industry vertical, and region:
Component (Revenue, USD Million; 2016–2026)
Propulsion (Revenue, USD Million; 2016–2026)
Aircraft type (Revenue, USD Million; 2016–2026)
Passenger Capacity (Revenue, USD Million; 2016–2026)
Less than 3
3 to 10
More than 10
Maximum Distance (Revenue, USD Million; 2016–2026)
Less than 50kms
51 to 200kms
More than 200kms
Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)
- North America
- Asia Pacific
- Latin America
Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/2199
Have a Look at Related Reports:
Military Antenna Market Size, Share & Analysis, By Type (Dipole, Monopole, Array, Loop, Aperture, Travelling Wave), By Platform (Airborne, Marine, Ground), By Application (Communication, Surveillance, SATCOM, Electronic Warfare, Navigation, Telemetry), and By Region, Forecast To 2028
Body Armor Plates Market Size, Share & Analysis, By Material (UHMWPE, Steel, Aramid, Composite Ceramic, Others), By Application (Defense, Law Enforcement Protection, Civilians, Others), By Level (Level II, Level II A, Level III, Level III A, Level IV, Others), And Regional Forecast To 2028
Armored Vehicle Upgrade And Retrofit Market Size, Share & Analysis, By Type (Armored Personnel Carrier, Infantry Fighting Vehicle, Mine-Resistant Ambush Protected, Main Battle Tank, Others), And By Region Forecast To 2028
Airborne Optronics Market Size, Share & Analysis, By System (Reconnaissance, Targeting, Search & Track, Surveillance, Warning/Detection, Countermeasure, Navigation & Guidance, Special Mission), By Technology (Multispectral, Hyperspectral), By Application (Commercial, Military, Space), By Aircraft Type (Fixed Wing, Rotary Wing, Urban Air Mobility, Unmanned Aerial Vehicles), By End-use (OEMs, Aftermarket), And By Region, Forecast To 2028
Aerostructures Market Size, Share & Analysis, By Component (Fuselage, Empennage, Flight Control Surfaces, Wings, Nose, Nacelle & Pylon, Others), By Material (Composites, Alloys, Metals), By End-use (OEMs, Aftermarket), By Platform (Rotary Wing Aircraft, Fixed Wing Aircraft), and By Region, Forecast To 2028
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Head of Business Development
Reports and Data | Web: www.reportsanddata.com
Direct Line: +1-212-710-1370
E-mail: [email protected]
Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs
Purushottam Raj Gaurav is part of a talented team of content writers working at Emergen Research, fastest growing market research firms in the industry. He has experience in developing quality content and is currently involved in writing articles, press releases, and blogs for the company. He is highly motivated and enjoys putting ideas and thoughts into words to enable the reader to experience a seamless perusal.