The Flying Taxis Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions - Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
Learn More On The Flying Taxis Market:
https://www.thebusinessresearchcompany.com/report/flying-taxis-global-market-report
According to The Business Research Company’s Flying Taxis Global Market Report 2024, 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.
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.
Get A Free Sample Of The Report (Includes Graphs And Tables):
https://www.thebusinessresearchcompany.com/sample.aspx?id=13662&type=smp
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
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 report table of contents includes:
- Executive Summary
- Flying Taxis Market Characteristics
- Flying Taxis Market Trends And Strategies
- Flying Taxis Market - Macro Economic Scenario
- Global Flying Taxis Market Size and Growth
.
.
.
- Global Flying Taxis Market Competitive Benchmarking
- Global Flying Taxis Market Competitive Dashboard
- Key Mergers And Acquisitions In Flying Taxis Market
- Flying Taxis Market Future Outlook and Potential Analysis
- Appendix
Top Major Players :
- Hyundai Motor Company
- The Boeing Company
- Airbus SE
- Zhejiang Geely Holding Group Co. Ltd.
- Cessna
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
After a few years from now, grabbing or hiring a taxi could mean to take to the skies. Yes! you read it correctly.
Recently, the ride-hailing giant-Uber, has launched a new project, called Uber Elevate, to bring flying cars to commuters by 2021.
Uber is working extremely hard to allow its customers in the future to push a single button and get a high-speed flight in and around cities.
Along with Uber, other companies like Airbus, eVolo, eHang, and Terrafugia are also taking interest in the flying taxis, to make it easy for people to hail a flying taxi using an just like Uber.
But there are few critical challenges they need to tackle before all jetting around in flying cars. Let's find out what are these major Challenges.
