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. Increasing government initiatives globally is another factor boosting the growth of the Flying Taxi market. However, the lack of sufficient regulatory framework will act as a hindrance for the growth of the market over the forecasted period.
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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Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Introduction
2.2. Summary Snapshot, 2016 – 2026
2.3. Assumptions
2.4. Limitations
Chapter 3. Indicative Metrics
3.1. Growing Automotive Industry
3.2. Rising demand for electric vehicles
Chapter 4. Global Flying Taxi Market Segmentation & Impact Analysis
4.1. Global Flying Taxi Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market Indicators Analysis
4.2.2. Market Drivers Analysis
4.2.2.1. Need for faster modes of transportation
4.2.2.2. Rising government initiatives
4.2.3. Market Restraints Analysis
4.2.3.1. Lack of proper regulatory framework
4.2.3.2. High initial R&D investments
4.2.4. Market Opportunities Analysis
4.3. Regulatory Framework
4.4. Porter’s Five Forces Analysis
4.5. PESTEL Analysis of Flying Taxi market…
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For the purpose of this study, Reports and Data have segmented the Flying Taxi Market on the basis of Component, Propulsion, Aircraft Type, Passenger capacity, Maximum distance, and Region:
Component (Revenue, USD Million; 2016–2026)
Propulsion (Revenue, USD Million; 2016–2026)
Aircraft type (Revenue, USD Million; 2016–2026)
Passenger Capacity (Revenue, USD Million; 2016–2026)
Maximum Distance (Revenue, USD Million; 2016–2026)
Regional Outlook (Revenue in USD Million; 2016–2026)
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