The Asia-Pacific air taxi market is projected to grow at a considerable CAGR during the forecast period. The market shows the significant opportunity in the region owing to various pivotal factors including rising urbanization in the emerging economies, increasing disposable income in the region, and various initiatives by the government for the advancement of urban air mobility platforms in various countries such as China, India, Japan, and others. Australia, Korea, and Taiwan are the other countries that contribute to the market due to growing investment in smart city projects coupled with rising urbanization in these countries.
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The Asia-Pacific market for air taxis is segregated on the basis of propulsion type and operation. As per the propulsion type, the market is further classified into electric, parallel hybrid, turboshaft, and turboelectric. The electric segment is projected to have considerable growth in the Asia-Pacific air taxi market. On the basis of operation, the market is further segregated into autonomous and piloted. The autonomous operation segment is estimated to hold a significant share owing to the rising demand for autonomous air vehicles across the region. Based on geography, the Asia-Pacific air taxi market is further segregated into China, India, Japan, and the Rest of Asia-Pacific. Among, geography China projected to have a considerable share in the Asia-Pacific air taxi market owing to the presence of major market players and high disposable income in the region. Moreover, the increasing urban population in the country is one of the key factors encouraging the demand for air taxi services in the country.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Asia-Pacific Air Taxi Market – Segmentation
By Propulsion Type
- Electric
- Parallel Hybrid
- Turboshaft
- Turboelectric
By Operation
- Autonomous
- Piloted
Asia-Pacific Air Taxi Market – Segmentation by Region
- China
- Japan
- India
- Rest of Asia-Pacific
The Report Covers
- Comprehensive research methodology of the Asia-Pacific air taxi market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the Asia-Pacific air taxi market.
- Insights about market determinants that are stimulating the Asia-Pacific air taxi market.
- Detailed and extensive market segments with regional distribution of forecasted revenues.
- Extensive profiles and recent developments of market players.
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