The US air taxi market is projected to grow at a considerable CAGR during the forecast period. The US is home to most millionaires across the globe. As per the Credit Suisse report, around 40% of the global millionaires are in the US which is around 18.6 million in 2019, with an increment of 675,000 millionaires over the past year. The high population base provides a potential customer base for the air taxi and personal air taxi. 

High traffic congestion in the country is also a motivating factor for the market. As per a study conducted by INRIX, the cost of traffic congestion in the US was around $305 billion in 2018, $10 billion higher than in 2016. The introduction of an alternative mode of transportation can reduce traffic congestion and can save a significant amount of time for the people, which provides a significant opportunity for the market in the country. 

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The US market for air taxis is segregated on the basis of propulsion type and operation. As per the propulsion type, the market is further classified into electric, parallel hybrid, turboshaft, and turboelectric. The electric segment is projected to have considerable growth in the US air taxi market.  On the basis of operation, the market is further segregated into autonomous and piloted. The autonomous operation segment is projected to hold a significant share owing to the rising demand for autonomous air vehicles in the country.  

The companies which are contributing to the growth of the US air taxi market include Airspace Experience Technologies, Inc.,  Kitty Hawk Corp., The Boeing Co., Uber Technologies, Inc., Lockheed Martin Corp., Honeywell International, Inc., and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market. 

Research Methodology

The market study of the US air taxi market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for air taxi market players, air mobility industry, transportation industry, industry associates & experts, government organizations, regulatory bodies, and other market participants for the overall market and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly delivering insights into the market for making better business decisions.

Market Segmentation

1. US Air Taxi Market Research and Analysis by Propulsion Type
2. US Air Taxi Market Research and Analysis by Operation

The Report Covers

• Comprehensive research methodology of the US air taxi market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the US air taxi market.
• Insights about market determinants that are stimulating the US air taxi market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.