The Asia-Pacific air taxi market is projected to grow at a considerable CAGR during the forecast period (2020-2026). The major factor that contributes to the growth of the market includes the growing urbanization in various countries such as China, India, Japan, and others. Some of the countries that are analyzed in the rest of the Asia-Pacific air taxi market include Singapore, Australia, Thailand, Indonesia, Malaysia, and others. For instance, according to the World Bank, in 2018, the urban population in China was 59.2%, whereas, in 2015, it was 55.5%. The growing population in the urban area further raises the traffic congestion that will create a significant demand for air taxi solutions in the urban areas in the region.
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The government initiatives and programs for urban air mobility are also propelling the growth of the market. For instance, in October 2018, the government of Japan started a Project by the partnership with Subaru, Uber, and Boeing to commercialize flying vehicles by 2020. Additionally, several cities in Japan such as Kanagawa, and Chiba City, have deployed the Aerospace management dashboard. In Chiba City, three drone test sites have been established to encourage the development of technology solutions for drone delivery and other complex use cases. Therefore, these projects would provide a substantial market opportunity for the air taxi market in the region.
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Asia-Pacific Air Taxi Market – Segmentation
By Propulsion Type
- Electric
- Parallel Hybrid
- Turboshaft
- Turboelectric
By Operation
- Autonomous
- Piloted
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
