The flying taxis global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Flying Taxis Market, 2024 report by The Business Research Company offers
comprehensive insights into the current state of the market and highlights
future growth opportunities.
Market Size -
The flying taxis market size has grown exponentially in recent years. It will
grow from $2.34 billion in 2023 to $2.93 billion in 2024 at a compound annual
growth rate (CAGR) of 25.2%. The growth in the historic period can be
attributed to urbanization and population growth, changing consumer lifestyles,
expansion of supermarkets and hypermarkets, globalization of supply chains,
rise of e-commerce and online grocery shopping.
The flying taxis market size is expected to see exponential growth in the next
few years. It will grow to $6.63 billion in 2028 at a compound annual growth
rate (CAGR) of 22.7%. The growth in the forecast period can be attributed to
health and wellness trends, personalization and customization, focus on local
and artisanal products, omnichannel retailing, integration of augmented reality
(AR) and virtual reality (VR). Major trends in the forecast period include
innovations in delivery and fulfillment, advancements in technology, product
developments, subscription-based models, dynamic pricing strategies.
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Scope Of Flying Taxis Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Flying Taxis Market Overview
Market Drivers -
Increasing traffic congestion on the roads is expected to propel the growth of
the flying taxis market going forward. Traffic congestion on the roads refers
to a condition characterized by slower speeds, longer trip times, and increased
queuing of vehicles. It occurs when the number of vehicles exceeds the capacity
of a road, leading to reduced velocity and increased trip duration. Flying
taxis have the potential to alleviate road traffic congestion by providing an
alternative aerial transportation mode, reducing ground-based traffic, and
enhancing urban mobility. For instance, in July 2023, the Department of
Transport, a UK-based government department, reported that there was an 8.8%
increase in motor vehicle traffic as compared to the year 2021. This increase
resulted in a total of 323.8 billion vehicle miles. Car traffic in 2022 also
increased by 10.2% from the previous year, reaching a total of 244.0 billion
vehicle miles. Overall, the traffic levels in 2022 were higher than the levels
recorded in 2021. Therefore, increasing traffic congestion on the roads is
driving the growth of the flying taxis market.
Market Trends -
Major companies operating in the flying taxi market are increasing their focus
on introducing advanced flying firefighting vehicles to gain a competitive edge
in the market. A flying firefighting vehicle is an aerial vehicle specially
designed and equipped to carry out firefighting and rescue operations in
difficult or inaccessible terrain. For instance, in November 2023, AutoFlight,
a Germany-based automotive company, launched the Supernal S-A2, a fully
operational prototype of a high-payload firefighting vehicle. The Supernal S-A2
can transport up to 800 pounds and fly up to 124 miles. The Supernal S-A2 is
based on the fully electric Carryall model developed by a Chinese startup, and
it has made significant breakthroughs in terms of load capacity, flight
duration, coverage, flight efficiency, and firefighting effectiveness compared
to existing firefighting unmanned aerial vehicles available in the market.
The flying taxis market covered in this report is segmented –
1) By Type: Single Seat, Double Seats, Multi-seats
2) By Aircraft Type: Multicopter, Quadcopter, Other Types
3) By Propulsion Type: Parallel Hybrid, Electric, Turboshaft, Turboelectric
4) By Application: Intercity, Intracity
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Regional Insights -
North America was the largest region in the flying taxis market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the flying taxis market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa.
Key Companies -
Major companies operating in the flying taxis market report are Hyundai Motor
Company , The Boeing Company, Airbus SE, Zhejiang Geely Holding Group Co. Ltd.,
Cessna, Dassault Aviation SA, Textron Inc., Vartical Aerospace, Archer Aviation
Inc., Embraer S.A, Bell Textron Inc., Joby Aviation, Wisk Aero LLC, Volocopter
GmbH, Aurora Flight Sciences, Beechcraft Corporation, SkyDrive Inc., Opener,
TERRAFUGIA, Urban Aeronautics, XTI Aircraft Company, Ehang Holding Limited,
Lilium GmbH, Jaunt Air Mobility LLC, DeLorean Aerospace, Zunum Aero
Table of Contents
1. Executive Summary
2. Flying Taxis Market Report Structure
3. Flying Taxis Market Trends And Strategies
4. Flying Taxis Market – Macro Economic Scenario
5. Flying Taxis Market Size And Growth
…..
27. Flying Taxis Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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