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

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).

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. 'Skyports Limited', 'Lilium', 'EHang- China', 'WSP Limited', 'AirSight', 'Wisk Aero', 'Jaunt Air Mobility', 'Volocopter'

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.

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.

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 market.