The North American air taxi market is estimated to grow at a considerable CAGR during the forecast period (2020-2026). The air taxi market in North America is mainly driven due to the rising smart infrastructure coupled with significant projects related to the smart city in the US and Canada. Smart city projects have been started in most countries across the region including the US, Canada, and others.
Air taxi is one of the most essential components of an efficient transport system in a smart city. As urbanization across the region is increasing, the need for a smart city equipped with air taxi services is rising that further provides significant growth to the market.
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Moreover, the rising investment in autonomous air vehicles in the region further provides ample opportunity to the market. Further, in January 2019, Boeing completed the first flight of Boeing NeXt its in-house autonomous passenger air vehicle, it is powered by an electric propulsion system with a range of 80 Kms.
With traffic congestion and urban road mobility presenting a major challenge, policymakers and technology firms have begun to consider air taxis as a viable option for passenger and freight transport. Provided that the air taxi is a safe and efficient air transport system where passenger air taxis fly above populated areas, it will significantly support saving time in high congestion are in the US and Canada.
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
ByPropulsionType and by Operation |
|
Regions Covered |
US and Canada |
|
Key Companies Profiled |
Airspace Experience Technologies, Inc.,
Kitty Hawk Corp.,
The Boeing Co., Uber
Technologies, Inc., Lockheed
Martin Corp., Honeywell
International, Inc., and
others |
Key Questions Addressed by the Report
o Recovery Timeline
o Deviation fromthe pre-COVID forecast
o Most affected region/segment
o Recommendations
North American Air Taxi Market – Segmentation
By Propulsion Type
By Operation
North American Air Taxi Market – Segmentation by Region
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