The Asia-Pacific air taxi market is projected to grow at a considerable CAGR during the forecast period (2020-2026). The major factor that contributes to the growth of the market includes the growing urbanization in various countries such as China, India, Japan, and others. Some of the countries that are analyzed in the rest of the Asia-Pacific air taxi market include Singapore, Australia, Thailand, Indonesia, Malaysia, and others. For instance, according to the World Bank, in 2018, the urban population in China was 59.2%, whereas, in 2015, it was 55.5%. The growing population in the urban area further raises the traffic congestion that will create a significant demand for air taxi solutions in the urban areas in the region.
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The government initiatives and programs for urban air mobility are also propelling the growth of the market. For instance, in October 2018, the government of Japan started a Project by the partnership with Subaru, Uber, and Boeing to commercialize flying vehicles by 2020. Additionally, several cities in Japan such as Kanagawa, and Chiba City, have deployed the Aerospace management dashboard. In Chiba City, three drone test sites have been established to encourage the development of technology solutions for drone delivery and other complex use cases. Therefore, these projects would provide a substantial market opportunity for the air taxi market in the region.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Propulsion Typeand by Operation |
|
Regions Covered |
China, India, Japan, and the Rest of Asia-Pacific |
|
Key Companies Profiled |
Airbus SE, The Boeing Co., EHang Intelligent Technology Co. Ltd, Bell Textron, Inc., VolocopterGmbH, and
others |
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID forecast.
o Most affected region/segment
o Recommendations
Asia-Pacific Air Taxi Market – Segmentation
By Propulsion Type
By Operation
Asia-Pacific Air Taxi Market – Segmentation by Region
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