A Flying Taxi is concept vehicle build to provide transportation solutions to commuters from one end to the other via air. Increasing congestion on roads and rising prices of natural gas are key factors driving the demand for alternatives to road transportation. The air medium transportation is an alternate solution to road and rail medium transportation, as air transportation is efficient and less time consuming, as compared to the other modes of transportation. A flying taxi can reduce travel time of commuters daily travelling over 100 km in urban traffic by car or public transport. These consumers are the target audience for the flying taxi market. Increased research and development on flying cars and bikes is a major factor boosting the flying taxi market, as several OEMs and countries are focusing on the development of flying modes of vehicles for quick, efficient, reliable, cost-effective, and intelligent transportation solutions.

The flying taxi market is estimated to expand during the forecast period, as the urban traffic is increasing and the number of vehicles on roads is rising rapidly, which is leading to heavy congestion on roads. This, in turn, is boosting the emission of CO2 in the atmosphere. Flying taxis are a suitable solution to overcome the issues mentioned above. The flying taxi is expected to carry more than 4 passengers on a single run (depending upon the size and type of vehicle). The size of the hover-bike is bigger than that of a standard bike and hover-board. Hover bikes and flying cars are suitable as flying taxis, as they are compact and efficient which is ideal while maneuvering through urban areas. Moreover, technological enhancements in the automobile industry and the adoption of various time-saving and cost efficient alternatives for daily commute are key factors driving the flying taxi market. However, regulatory norms in various countries and geographic, infrastructural, and economical conditions of countries are likely to hamper the demand for flying taxis.

The global flying taxi market can be segmented based on by propeller type, fuel, vehicle type, technology, and region. In terms of propeller type, the market can be divided into dual propeller, and multi propeller. In terms of fuel, the flying taxi market can be split into natural gas, hybrid, and electric. Based on the vehicle type, the flying taxi market can be segregated into hover bikes and flying cars. Based on technology, the flying taxi market can be classified into autonomous, semi-autonomous, and manual. Based on region, the global flying taxi market can be segregated into Asia Pacific, Middle East & Africa, Europe, Latin America, and North America. North America is a major market for the flying taxi, as the U.S. government is investing heavily into new technologies and innovative solutions for easy commute and transportation solutions. The Government of the UAE has initiated to develop the infrastructure and implement the intelligent transportation solutions for easy and hassle-free commute of people.

Key players operating in the global flying taxi market are Joby Aviation, EHANG, TERRAFUGIA, Opener, Volocopter, Kitty Hawk’s, Airbus, AeroMobil’s, and Uber’s VTOL.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Flying Taxi Market

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