Market Share of Air Taxi Industry
The market of air taxi market is semi-consolidated in nature and is characterized by various operators. Volocopter GmbH, Guangzhou EHang Intelligent Technology Co. Ltd, Jaunt Air Mobility Corporation, Lilium GmbH, and Joby Aero, Inc. are some of the prominent players in the air taxi market.
The market is in the nascent stage, and companies in this market are developing prototype models of their aircraft for air taxi systems. The companies are implementing various business strategies such as partnerships, agreements, increasing R&D investments, etc., to gain a competitive edge over other players in the forecast period.
The threat of new entrants in this domain is moderate as the initial cost of research and development, as well as technical expertise, is high. Traditional aircraft manufacturing companies, such as The Boeing Company, are also increasing their investments in the market. For instance, in January 2022, The Boeing Company invested around USD 450 million in the advanced air mobility (AAM) company Wisk Aero. The investment is expected to support Wisk in developing and certification 6th-generation eVTOL aircraft. The increasing necessity for cleaner and congestion-free modes of transportation and the changing government regulations are expected to attract new players, increasing competitive rivalry in the market.
Air Taxi Market Leaders
Volocopter GmbH
Joby Aero, Inc.
Jaunt Air Mobility Corporation
Guangzhou EHang Intelligent Technology Co. Ltd.
Lilium GmbH
*Disclaimer: Major Players sorted in no particular order
