Uae Air Taxi Market
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UAE Air Taxi Market, By Aircraft Type (eVTOL, VTOL); By Technology Type (Autonomous, Piloted); By Range (Intercity, Intracity, Others), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: June 2024
- Report ID: BWC24459
- Available Format: PDF
- Page: 200
Report Overview
A spurring demand for inter- & intra-city and regional air connectivity driven by road traffic congestions in the ever expanding urban areas and rapid adoption of advancements in electric vertical takeoff and landing (eVTOL) aircraft are expected to boost the growth of UAE Air Taxi Market during the forecast period between 2024 and 2030.
UAE Air Taxi Market - Industry Trends & Forecast Report, 2030
The UAE Air Taxi Market size was estimated to be worth USD 183.18 million in 2023. During the forecast period between 2024 and 2030, the UAE Air Taxi Market size is projected to grow at a CAGR of 5.02%, reaching a value of USD 245.85 million by 2030.
By volume, the UAE Air Taxi Market size was estimated at 1.09 thousand units in 2023. During the forecast period between 2024 and 2030, the UAE Air Taxi Market size is expected to expand at a CAGR of 5.88% reaching a volume of 1.65 thousand units by 2030.
Major growth factors for the UAE Air Taxi Market include emerging technologies and infrastructural development, and favorable government policies and agreements to boost the air taxi sector in the country. In addition, collaboration between the aviation and transportation industries is anticipated to present lucrative growth opportunities to the UAE air taxi market during the forecast period.
Air Taxi – Overview
Air taxis offer an ideal solution for travelers who prioritize time efficiency. Departing from smaller airports close to the final destination significantly reduces travel time, affording passengers extra time for leisure activities. In addition, travelers benefit from the luxury of comfortable and customized travel experiences as well as the freedom to arrange flights whenever it suits them best. Air taxis deliver a deluxe journey with lavish seating, entertainment amenities, and personalized routes. They enhance the overall travel experience by minimizing stress and maximizing enjoyment, surpassing the standard airline experience.
UAE Air Taxi Market
Growth Drivers
Launch of Services by Major Industry Players
The UAE is emerging as a lucrative region for the Air Taxi Market owing to favorable government policies and regulations. As a result, various industry players are launching or planning to launch their services in the region. Archer, for instance, recently announced their plans to accelerate commercial air taxi operations in the UAE in collaboration with ADIO. This collaboration includes vertiport construction, domestic manufacturing of Archer’s Midnight aircraft, and operational enablement for air taxi operations in the UAE. The company is also partnering with Etihad Training to train pilots to fly its Midnight aircraft in the UAE. Such developments are anticipated to provide lucrative growth opportunities for the UAE air taxi market.
Challenges
High Infrastructure Costs
The development of the requisite infrastructure, such as vertiports for take-off and landing, requires significant investment and logistical challenges, including land acquisition and regulatory hurdles. These costs can impede the adoption and growth of air taxi services in UAE, limiting accessibility and affordability for both operators and passengers. Resolving these infrastructure challenges will be essential to realizing the full potential of the UAE Air Taxi Market.
UAE Air Taxi Market
Segmental Coverage
UAE Air Taxi Market – By Aircraft Type
Based on aircraft type, the UAE Air Taxi Market is bifurcated into eVTOL and VTOL segments. The eVTOL segment holds a larger share in the UAE Air Taxi Market. There is an increasing focus on decarbonization and sustainability in the aviation industry. They are excessively being used to deliver essential public services, such as military and emergency, medical transport, and humanitarian aid, to remote places that lack property transport connectivity. Furthermore, eVTOL aircraft are preferred by both operators and customers because of the growing need for economical modes of transportation.
UAE Air Taxi Market – By Technology Type
By technology type, the UAE Air Taxi Market is split into autonomous and piloted segments. The piloted segment accounts for a major market share. The growth is mainly attributed to the passengers' comfort and confidence with piloted air taxis, as it eases their concerns about autonomous technology. In addition, piloted flights follow established aviation rules, which expedite regulatory clearances. The piloted category continues to dominate as research into autonomous capabilities advances, drawing in a larger customer base and significantly boosting market revenue growth.
UAE Air Taxi Market – By Range
Based on range, the UAE Air Taxi Market is segmented into intercity, intracity, and others. The intracity segment dominates the UAE Air Taxi Market. The intra-city air taxi segment allows easy navigation through urban traffic and congestion. It is anticipated to emerge as an efficient mode of transportation in the case of those who have to commute between cities. The increasing need in urban areas for smooth point-to-point transit is anticipated to drive the demand for the intra-city air taxi segment during the forecast period.
Competitive Landscape
Major players operating in the UAE Air Taxi Market include Joby Aviation, Archer Aviation, Skyports, Volocopter, Lilium GmbH, and Vertical Aerospace. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Recent Developments
-
In February 2024 – Joby Aviation Inc., an aircraft company based in the United States, announced its plans to launch air taxi services in the Emirate by 2026 with an agreement with Dubai’s Road and Transport Authority (RTA).
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2023 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
By Value - USD Million |
By Volume – Thousand Units |
|
Product/ Service Segmentation |
Aircraft Type, Technology Type, Range |
Key Players |
Joby Aviation, Archer Aviation, Skyports, Volocopter, Lilium GmbH, Vertical Aerospace |
By Aircraft Type
-
eVTOL
-
VTOL
By Technology Type
-
Autonomous
-
Piloted
By Range
-
Intercity
-
Intracity
-
Others
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- UAE Air Taxi Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Advancements in Electric Vertical Takeoff and Landing (eVTOL) Aircraft
- Growing Demand for Regional Connectivity
- Government Initiatives to Promote Air Taxis
- Restraints
- High Infrastructure Costs
- Regulation and Safety Concerns
- Public Perception of Air Taxis
- Opportunities
- Increasing Integration of Urban Air Mobility (UAM)
- Increasing Revolutionize for Emergency Medical Services
- Challenges
- Issues Related to Range and Affordability of Electric Batteries
- Lack of Skilled Workforce for Operating and Maintaining
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- UAE Air Taxi Market: Pricing Analysis
- UAE Air Taxi Market: Marketing Strategies
- UAE Air Taxi Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- By Aircraft Type
- eVTOL
- VTOL
- By Technology Type
- Autonomous
- Piloted
- By Range
- Intercity
- Intracity
- Others
- By Aircraft Type
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- UAE Air Taxi Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operation Channel Parameters
- Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on UAE Air Taxi Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- Joby Aviation
- Archer Aviation
- Skyports
- Volocopter
- Lilium GmbH
- Vertical Aerospace
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 UAE Air Taxi Market Segmentation
Figure 2 UAE Air Taxi Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 UAE Air Taxi Market Size, By Value (USD Million), 2019–2030
Figure 5 UAE Air Taxi Market Size, By Volume (Thousand Units), 2019–2030
Figure 6 UAE Air Taxi Market Share, By Aircraft Type, By Value (USD Million) 2019–2030
Figure 7 UAE Air Taxi Market Share, By Technology Type, By Value (USD Million) 2019–2030
Figure 8 UAE Air Taxi Market Share, By Range, By Value (USD Million) 2019–2030
List of Tables
Table 1 UAE Air Taxi Market Size, By Value (USD Million), 2019–2030
Table 2 UAE Air Taxi Market Size, By Volume (Thousand Units), 2019–2030
Table 3 UAE Air Taxi Market Share, By Aircraft Type, By Value (USD Million) 2019–2030
Table 4 UAE Air Taxi Market Share, By Technology Type, By Value (USD Million) 2019–2030
Table 5 UAE Air Taxi Market Share, By Range, By Value (USD Million) 2019–2030
Table 6 Joby Aviation Company Overview
Table 7 Joby Aviation Financial Overview
Table 8 Archer Aviation Company Overview
Table 9 Archer Aviation Financial Overview
Table 10 Skyports Company Overview
Table 11 Skyports Financial Overview
Table 12 Volocopter Company Overview
Table 13 Volocopter Financial Overview
Table 14 Lilium GmbH Company Overview
Table 15 Lilium GmbH Financial Overview
Table 16 Vertical Aerospace Company Overview
Table 17 Vertical Aerospace Financial Overview
Market Segmentation
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