Global Air Taxi Market Future Trends, Revenue Growth & Leading Players, Forecast By Year 2030 Kings Research has recently published a research report that provides valuable information on the global Air Taxi market. The report indicates that the market's revenue is expected to exceed USD 15.27 Billion by 2030, representing a significant rise from its valuation of USD 3.68 Billion in 2022. This growth is primarily driven by a robust 20.24 % compound annual growth rate (CAGR) over the forecast period of 2023 to 2030. This comprehensive examination delves into the global Air Taxi market, presenting in-depth observations on the industry. It delivers a comprehensive assessment of present market trends, notable drivers, and growth opportunities. The research aims to equip readers with a thorough comprehension of the business landscape to facilitate well-informed decision-making. 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐨𝐟 𝐭𝐡𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.kingsresearch.com/request-sample/air-taxi-market-473?utm_source=8087&utm_medium=FREE #airtaxi #urbanairmobility #futureoftransport #evtol

The global eVTOL aircraft market size was estimated to be worth USD 1.11 billion in 2020. The market value is expected to increase from USD 5.41 billion in 2023 to USD 23.21 billion in 2028 at a CAGR of 23.13% during 2023-2028. Growing urbanization, increasing traffic congestion, and the need for smarter transportation solutions are some of the major factors propelling the market forward. Fortune Business Insights presents this information in its report titled “EVTOL Aircraft Market, 2023-2028." Browse Detailed Summary of Research Report: https://www.fortunebusinessinsights.com/evtol-aircraft-market-106298 Electric vertical take-off and landing aircraft are increasingly gaining traction across the globe. This technology represents the next generation of transportation solutions that are safer, quieter, and cleaner. Such aircraft work on electric propulsion, making them a sustainable option compared to conventional air carriers. The demand for this technology will increase significantly in the next few years, powered by increasing demand for urban air mobility, growing awareness regarding carbon footprint, and the need to cut aircraft operating costs. COVID-19 Impact: Diminished Aviation Operations to Impact Developments in eVTOL Technology The aviation sector suffered significant disruption during the COVID-19 pandemic. Supply chain disruptions, workforce shortages, and stricter protocols caused a major slowdown in the development and testing of eVTOL technology. Numerous R&D projects were also affected amid the pandemic. These factors have affected the aircraft market growth during the COVID-19 pandemic. However, investments in the eVTOL space remained strong in several regions. Data provider Pitchbook reports that North America and Europe invested USD 1.3 billion in air mobility firms despite COVID-19 disruptions in 2020. With the gradual recovery of the aviation sector, the market will start to gain momentum in the forthcoming years. List of Key Players Profiled in the EVTOL Aircraft Market Report: Kitty Hawk (U.S.) Lilium (Germany) Ehang (China) Volocopter (Germany) Bell Textron Inc. (U.S.) Airbus S.A.S (Netherlands) Beta Technologies (U.S.) Joby Aviation (U.S.) Urban Aeronautics Ltd. (Israel) Market Segments: Based on lift technology, the market is divided into vectored thrust lift plus cruise multirotor By mode of operation, the market is segmented into Autonomous semi-autonomous Piloted. In terms of range, the market is bifurcated into 0-200 km 200-500 km On the basis of maximum take-off weight (MTOW), the market is classified into <250 kg 250-500 kg 500-1500 Kg >1500 kg By propulsion type, the market is split into Battery-electric hydrogen-electric hybrid-electric In terms of application, the market is broken down into Commercial Military emergency medical service Geographically, the market is segmented into North America Asia Pacific Europe rest of the world Drivers & Restraints: Need for Smarter & More Sustainable Transportation to Augment the Product Adoption With growing urbanization, traffic congestion is emerging as a major concern. In addition, the rising amount of air pollution is giving rise to the need for smarter and more sustainable transportation solutions. The growing concept of urban air mobility solutions, such as air taxis, is anticipated to create favorable opportunities for eVTOL aircraft companies. Major aircraft makers, such as Airbus SE, Boeing Company, and Bell Helicopter, are accelerating ongoing eVTOL development programs. Automotive giants are also entering the space which will further heat up the market competition. In January 2020, Toyota invested USD 400 million in eVTOL startup Joby Automation. Despite constant developments in the market, grow could be affected due to the lack of suitable infrastructure and strict regulations enforced by aviation agencies.

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