According to the report published by Allied Market Research, the global air taxi market is estimated to reach $817.50 million by 2021 and is expected to grow $6.63 billion by 2030, growing at a CAGR of 26.2% from 2021 to 2030. The report provides an extensive analysis of drivers & opportunities, changing market trends, competitive landscape, key segments, and market size & estimations.
Need for alternative modes of transportation and increase in road traffic congestion propel the growth of the global air taxi market. However, high differential fare and strict regulations related to aviation license impede the market growth. On the other hand, supportive government initiatives offer lucrative opportunities for the market.
The global air taxi market is segmented on the basis of propulsion type, aircraft type, passenger capacity, and region. Based on the propulsion system, the market is categorized into parallel hybrid, electric, turboshaft, and turboelectric propulsion….