The European air taxi market is projected to grow at a considerable CAGR during the forecast period (2020-2026) owing to the significant government initiatives for digital mobility solutions. As a part of the European digitization strategy, the city council of Ingolstadt has decided to run a pilot for representing several kinds of digital mobility.
Along with federal and state governments, and industrial and research parties, Ingolstadt has been decided to engage with the EIP-SCC UAM initiative. These partnerships will likely offer a significant opportunity for the air taxi as a future of transportation coupled with smart cities initiatives in the region. This will enable intracity transport of goods and people, which makes it ideal for special missions, such as transport of organs or search and rescue support, air ambulance, and emergency supply delivery of goods.
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The increasing number of millionaires is further expected to drive the demand for air taxi services. As per the Credit Suisse Group AG, the number of millionaires in Germany, the Netherlands, Spain, and Switzerland has increased significantly during the period, 2018-2019. In Europe, UK has the largest number of millionaires with nearly 2.5 million in 2018, however, it has declined and reached nearly 2.4 million in 2019. The number of millionaires in Germany increased from nearly 2.1 million in 2018 to nearly 2.2 million in 2019. This growth in millionaires will likely drive the demand for electric aircraft as a transport medium in urban areas that holds the ability to take off and land vertically.
Market Coverage
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Report Elements |
Details |
|
Study Period |
2019-2026 |
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Base year |
2019 |
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Forecast period |
2020-2026 |
|
Segments Covered |
By Propulsion Typeand by Operation |
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Regions Covered |
UK, Germany, France, Italy, Spain, and the Rest of Europe |
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Key Companies Profiled |
Airbus SE, The Boeing Co., FACC AG, Embraer SA, Neva Aerospace, Ltd., Lilium GmbH, 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
European Air Taxi Market – Segmentation
By Propulsion Type
By Operation
European Air Taxi Market – Segmentation by Region
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