USD 387.85 million
Electric Taxi Vertiport Market Size, Share, Growth Analysis, By Vehicle Type(Light Commercial Aircraft, Heavy Commercial Aircraft, Passenger based Aircraft, Cargo Based Multi-Model Aircraft), By Aircraft type(Fixed, Rotary, Delta), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25C2074 |
Region:
Global |
Published Date: February, 2024
Pages:
261
|Tables:
64
|Figures:
63
Electric Taxi Vertiport Market Insights
Electric Taxi Vertiport Market was valued at USD 387.85 million in 2019, and it is expected to reach a value of USD 2342.65 million by 2031, at a CAGR of 29.56% over the forecast period (2024-2031).
The Electric Taxi Vertiport market is growing due to a number of factors including increasing demand for electric vehicles, government initiatives to promote the use of electric vehicles, and advancements in technology that make electric taxis more cost-effective and efficient. Additionally, the growing concern for the environment and the need to reduce carbon emissions is also driving the growth of the electric taxi vertiport market. As the technology for electric taxi and vertiport infrastructure improves, it is expected that the market will continue to grow in the future.
US Electric Taxi Vertiport Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Fixed
Fastest Growth
Fixed
Growth Rate
29.56% CAGR
Global Electric Taxi Vertiport Market ($ Bn)
Country Share for North America Region (%)
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Electric Taxi Vertiport Market Segmental Analysis
The Global Electric Taxi Vertiport Market is segmented based on the Type, Aircraft type, and Region. Based on the Type, the market is segmented as Light Commercial Aircraft, Heavy Commercial Aircraft, Passenger based Aircraft, and others. Based on the Aircraft type, the market is segmented into Fixed, Rotary, and others. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Electric Taxi Vertiport Market Analysis by Aircraft type
Vertiports, or take-off and landing pads, would ideally be created or positioned in the city center and serve as the primary sites for freight and passenger on- and off-boarding, as well as take-offs and landings for both. Operators would need to place them in and around primary destinations such as central business districts, shopping centers, and other modes of ground transportation such as trains and subways because the first and last leg of the passenger journey and cargo delivery should be integrated with other modes of ground transportation such as trains and subways.
Vertiports may have quick charging/refueling systems, minimal security checks, and the ability to do small MRO operations, but they are unlikely to include parking areas for long-haul eVTOL or full-fledged MRO stations. However, for big groups of passengers, customer waiting lounges and ground personnel may be required to ensure seamless boarding—as well as fire safety measures, access control systems, and real-time surveillance systems.
Global Electric Taxi Vertiport Market By Aircraft Type
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Electric Taxi Vertiport Market Regional Insights
Asia Pacific is emerging as a lucrative market for Electric Taxi Vertiport, with Japan emerging as the world's leading supplier of this drug. Electric Taxi Vertiport production is also increasing significantly in India, which benefits the Asia Pacific Electric Taxi Vertiport market. Leading manufacturers are actively expanding their operations in this region, which is expected to boost its prominence in the global market.
EHang, located in China, is collaborating with the Rome-based architecture company Giancarlo Zema Design Group to create eco-sustainable drone taxi airports, also known as vertiports, in Italy.
Malaysia Airports has inked an MOU with urban air mobility (UAM) business Volocopter and vertiport firm Skyports to investigate the possible deployment of electric air taxi services in Malaysia.
Global Electric Taxi Vertiport Market By Region
- Largest
- Fastest
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Electric Taxi Vertiport Market Dynamics
Electric Taxi Vertiport Market Drivers
Rising Investment in Vertiports
- Rising urbanisation and traffic congestion are putting a strain on ground transportation networks. Adding a third dimension to electric taxi vertiport has the potential to produce a more efficient, greener, safer, and integrated transportation system. Autonomous aerial vehicles and flying autos are no longer science fiction, with research and testing being conducted worldwide. The ETV business, which is still in its early phases, has witnessed significant expansion, with over USD 1 billion spent in the first few months of 2020. The two most notable investments are Toyota's USD 590.0 million investment in Joby Aviation and Guangzhou EHang Intelligent Technology Co. Ltd's USD 650.0 million IPO value.
Electric Taxi Vertiport Market Restraints
Political, Economic, Legal and Social Constraints
- All nations adopting urban air transportation must overcome political, economic, social, technological, and legal obstacles in order to expand their reach and flexibility. The market operation should be economically scaled to accommodate activities with high demand and low fixed costs. Governments, research institutes, companies, and universities must all contribute significantly. Several firms have developed and tested enabling parts of the ETV concept in recent years, including vertical take-off landing capabilities vehicle prototypes, operational ideas, and prospective business models. While various elements may come together to make ETV practicable, legal and regulatory constraints may restrict its adoption.
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Electric Taxi Vertiport Market Competitive Landscape
Ground infrastructure for residential structures, highway plazas, parking lots, and high-rise building tops is now being designed by industry partners. When it comes to heliport design, Uber and other companies adhere to the laws of the Federal Aviation Administration (FAA) and the European Aviation Safety Agency (EASA). Skyport has been a pioneer in the design and deployment of high-tech vertiports across the world. It has most recently collaborated with Voloport to leverage the World Congress platform for joint initiatives. The European Aviation Safety Agency (EASA) has formed a Vertiport Task Force (VTF) to create a Vertiport Design Manual (under Rule Making Task 0230) to give guidance material to European Union Member States about the approval of vertiport design.
Electric Taxi Vertiport Market Top Player's Company Profiles
- EHang- China
- WSP Limited
- AirSight
- Wisk Aero
- Jaunt Air Mobility
- Volocopter
Electric Taxi Vertiport Market Recent Developments
- In October 2022, Aeroporti di Roma (ADR), Atlantia, UrbanV, and Volocopter, the pioneer of urban air mobility (UAM), have performed the first crewed eVTOL test flights in Italian airspace. These studies were part of a mobility ecosystem put up at Leonardo da Vinci International Airport in Fiumicino. The partners have begun operations of the first fully functional vertiport in Italy, which is a crucial milestone toward the envisioned deployment of advanced air mobility (AAM) services in Rome by 2024.
- In October 2022, Joby and Skyports announced a collaboration on a passenger vertiport to showcase and test technology and procedures that might one day be utilised to operate eVTOL aircraft. The Living Lab was shown ahead of Joby's Field Trip event, during which the firm will open its doors to a variety of partners and investors to see its pilot production facility, where the company's first production prototype is presently being created.
Electric Taxi Vertiport Key Market Trends
- NASA's Advanced Air Mobility program is investigating how these vertiports or vertiplexes (many vertiports in close proximity) will integrate with existing infrastructure such as airports and heliports. There is additional research being conducted to look into new landing zones that may be constructed from reused areas, purpose-built sites, or integrated into existing facilities such as a train or bus station.
- Many of the first instances of eVTOLs taking off and landing will take place at existing airports. In the future, these vehicles will employ their exceptional performance capabilities to land on the tops of skyscrapers or other dense metropolitan locations. Several projects supporting the AAM goal are working on various aspects to help it become a reality. This involves work on automation, noise, vertiport and vehicle design, and airspace planning in order to keep everyone safe while flying together in the sky. Building new roadways in the sky will need a collaborative effort from government agencies, industry, and the general public.
Electric Taxi Vertiport Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Electric Taxi Vertiport Market Analysis, A number of cities have shown an interest in vertiports. Companies are collaborating closely with various authorities to demonstrate progress. Skyports is collaborating with a dozen or more other megacities across the world to be the first to deploy commercial air taxis, most notably in Los Angeles, where Uber has openly said that it plans to be operational with air taxis by 2023.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 387.85 million |
| Market size value in 2031 | USD 2342.65 million |
| Growth Rate | 29.56% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
| Historical Year | 2019 |
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Electric Taxi Vertiport Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Electric Taxi Vertiport Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Electric Taxi Vertiport Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Electric Taxi Vertiport Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Electric Taxi Vertiport Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Electric Taxi Vertiport Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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