Flying Taxi Market Overview:
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.
The latest report offers a comprehensive analysis of the Flying Taxi industry and thoroughly investigates the key industrial aspects including forecast market size, product segmentation, product specifications, major application areas, cost structure, competitive landscape, and company profiles of the leading market players. The report further studies the supply chain cycle and distribution channels of the Flying Taxi market, and it also identifies the key business strategies undertaken by the market players to boost market presence. In addition, some advanced analytical tools like Porter’s Five Forces Analysis, SWOT analysis, feasibility analysis, and investment return analysis have been used by the authors of the report to present quantitative and qualitative analyses of the Flying Taxi market.
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.
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Top Key Players:
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.).
Component (Revenue, USD Million; 2016–2026)
• Actuation Systems
• Flight Controls
• Flight Management
Propulsion (Revenue, USD Million; 2016–2026)
• Parallel Hybrid
Aircraft type (Revenue, USD Million; 2016–2026)
• Side-by-side aircraft
• Tiltwing aircraft
• Tiltrotor aircraft
Passenger Capacity (Revenue, USD Million; 2016–2026)
• Less than 3
• 3 to 10
• More than 10
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Key Reasons to Buy the Report:
• The Flying Taxi market report analyzes the global market consumption rate in terms of value and volume.
• It comprehensively studies the key segments and sub-segments of the market.
• The report is presents a detailed study of the intensely competitive landscape of the market.
• The report offers vital information on the leading industry players, along with their market values, sales volumes, and business growth strategies.
• Furthermore, the report highlights the strategic developments taking place in the global Flying Taxi market during the forecast period, such as expansions, agreements, mergers & acquisitions, and new product launches.
The global defense industry is poised to gain major traction in the forthcoming years, owing to several growth-inducing factors. Surging incidences of cross-border conflicts and warfare globally increasing, rising government focus on developing robust military & defense forces, and rapid adoption of advanced monitoring and controlling techniques are some of the major factors boosting the growth of this industry. Surging investments in the military & defense sector, rise in initiatives to improve surveillance, growing number of defense and intelligence agencies worldwide, and increasing use of advanced military aircraft such as target drones and UAVs (unmanned aerial vehicles) are other key parameters driving the defense industry growth.
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