PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1500720
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1500720
India Air Taxi Market, By Aircraft Type (eVTOL, VTOL); By Technology Type (Autonomous, Piloted); By Range (Intercity, Intracity); By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019-2030
India Air Taxi Market Size Takes Off at Significant CAGR of More Than 6% to Touch USD 438.8 Million and Volume of 6,090 Units by 2030
India Air Taxi Market is flourishing due to the increasing advancements in electric vertical takeoff and landing (eVTOL) aircraft, growing demand for regional connectivity, and government initiatives to promote air taxis.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India Air Taxi Market size by value at USD 396.12 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Air Taxi Market size to expand at a CAGR of 6.73% reaching a value of USD 438.76 million by 2030. The Air Taxi market in India is propelled by the growing need for efficient urban transportation solutions, rapid urbanization, and advancements in technology, particularly in electric aviation. Also, rising congestion on roads and the demand for quicker commute options contribute to the market's growth. Key industry stakeholders are actively channeling resources into research and development (R&D) initiatives, endeavoring to introduce cutting-edge technological solutions. These include integrated multimodal transportation networks, facilitating on-demand air mobility, goods delivery, and emergency services.
By volume, BlueWeave estimated the India Air Taxi Market size at 5.21 thousand units in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the India Air Taxi Market size by volume is projected to grow at a CAGR of 6.11% reaching the volume of 6.09 thousand units by 2030. The government's endeavors aim at promoting air taxi services in urban locales and fostering global aviation industry support augur well for the growth of India Air Taxi Market. The advent of electric air taxis capable of vertical take-off and landing, and the development of all-electric, self-piloted aircraft, serve as additional catalysts for the market expansion.
Opportunity - Increasing Integration of Urban Air Mobility (UAM)
In the realm of Indian urban air mobility (UAM), aeronautical engineering solutions are pivotal. These solutions address the challenges unique to India's urban landscape. Engineers focus on optimizing vehicle designs for vertical takeoff and landing (VTOL), integrating electric propulsion systems, and designing infrastructure such as vertiports and skyports strategically. They also develop autonomous flight technologies and noise reduction measures while ensuring regulatory compliance and safety. By tailoring these solutions to India's specific needs, stakeholders can overcome challenges and harness the transformative potential of UAM, enhancing urban transportation, connectivity, and sustainability.
Impact of Escalating Geopolitical Tensions on India Air Taxi Market
Geopolitical tensions can have a multifaceted impact on the India Air Taxi Market. Heightened tensions may lead to airspace closures, increased security measures, and restricted flight operations, disrupting air taxi services. Investor confidence may wane amidst geopolitical uncertainties, leading to reduced funding for air taxi initiatives and slower market growth. Additionally, heightened geopolitical risks can deter potential passengers from utilizing air taxi services, impacting demand. To mitigate these impacts, stakeholders in the India Air Taxi Market must closely monitor geopolitical developments and implement contingency plans to ensure operational resilience and navigate through uncertain geopolitical environments effectively.
India Air Taxi Market
Segmental Coverage
India Air Taxi Market - By Aircraft Type
By aircraft type, the India Air Taxi Market is bifurcated into eVTOL and VTOL segments. The eVTOL segment is expected to hold a higher share in the India Air Taxi Market by aircraft type over the forecast period. It can be attributed to the increasing focus on sustainable aviation solutions and advancements in electric vertical takeoff and landing (eVTOL) technology. eVTOL aircraft offer numerous advantages, including lower operational costs, reduced environmental impact, and enhanced maneuverability in urban environments. Moreover, the rising demand for efficient and eco-friendly transportation options is driving the preference for eVTOL aircraft among both operators and passengers, positioning it as the leading segment in the India Air Taxi Market.
Competitive Landscape
The India Air Taxi Market is fragmented, with numerous players serving the market. The key players dominating the India Air Taxi Market include Airbus, InterGlobe Enterprises, Beechcraft Corporation, Boeing, Hyundai, Ubifly Technologies, Archer Aviation, and Textron India Private Limited. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisitions to expand their customer reach and gain a competitive edge in the overall market.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Air Taxi Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Air Taxi Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Air Taxi Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Advancements in electric vertical takeoff and landing (eVTOL) aircraft
- 3.2.1.2. Growing demand for regional connectivity
- 3.2.1.3. Government initiatives to promote air taxis
- 3.2.2. Restraints
- 3.2.2.1. High infrastructure costs
- 3.2.2.2. Regulation and safety concerns
- 3.2.2.3. Public perception of air taxis
- 3.2.3. Opportunity
- 3.2.3.1. Increasing integration of urban air mobility (UAM)
- 3.2.3.2. Increasing revolutionize for emergency medical services
- 3.2.4. Challenges
- 3.2.4.1. Issues related to range and affordability of electric batteries
- 3.2.4.2. Lack of skilled workforce for operating and maintaining
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Air Taxi Market: Pricing Analysis
5. India Air Taxi Market: Marketing Strategies
6. India Air Taxi Market Overview
- 6.1. Market Size & Forecast, 2019-2030
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Aircraft Type
- 6.2.1.1. eVTOL
- 6.2.1.2. VTOL
- 6.2.2. By Technology Type
- 6.2.2.1. Autonomous
- 6.2.2.2. Piloted
- 6.2.3. By Range
- 6.2.3.1. Intercity
- 6.2.3.2. Intracity
- 6.2.3.3. Others
- 6.2.4. By Region
- 6.2.4.1. North India
- 6.2.4.2. South India
- 6.2.4.3. East India
- 6.2.4.4. West India
- 6.2.1. By Aircraft Type
7. North India Air Taxi Market
- 7.1. Market Size & Forecast, 2019-2030
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Aircraft Type
- 7.2.2. By Technology Type
- 7.2.3. By Range
8. South India Air Taxi Market
- 8.1. Market Size & Forecast, 2019-2030
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Aircraft Type
- 8.2.2. By Technology Type
- 8.2.3. By Range
9. East India Air Taxi Market
- 9.1. Market Size & Forecast, 2019-2030
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Aircraft Type
- 9.2.2. By Technology Type
- 9.2.3. By Range
10. West India Air Taxi Market
- 10.1. Market Size & Forecast, 2019-2030
- 10.1.1. By Value (USD Million)
- 10.2. Market Share & Forecast
- 10.2.1. By Aircraft Type
- 10.2.2. By Technology Type
- 10.2.3. By Range
11. Competitive Landscape
- 11.1. List of Key Players and Their Offerings
- 11.2. India Air Taxi Company Market Share Analysis, 2023
- 11.3. Competitive Benchmarking, By Operation Channel Parameters
- 11.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
12. Impact of Escalating Geopolitical Tensions in India Air Taxi Market
13. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 13.1. Airbus
- 13.2. InterGlobe Enterprises
- 13.3. Beechcraft Corporation
- 13.4. Boeing
- 13.5. Hyundai
- 13.6. Ubifly Technologies
- 13.7. Archer Aviation
- 13.8. Textron India Private Limited
- 13.9. Other Prominent Players
14. Key Strategic Recommendations
15. Research Methodology
- 15.1. Qualitative Research
- 15.1.1. Primary & Secondary Research
- 15.2. Quantitative Research
- 15.3. Market Breakdown & Data Triangulation
- 15.3.1. Secondary Research
- 15.3.2. Primary Research
- 15.4. Breakdown of Primary Research Respondents, By Region
- 15.5. Assumption & Limitation
*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 India Air Taxi Market Segmentation
- Figure 2 India Air Taxi Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 India Air Taxi Market Size, By Value (USD Million), 2019-2030
- Figure 5 India Air Taxi Market Share, By Aircraft Type, By Value (USD Million) 2019-2030
- Figure 6 India Air Taxi Market Share, By Technology Type, By Value (USD Million) 2019-2030
- Figure 7 India Air Taxi Market Share, By Range, By Value (USD Million) 2019-2030
- Figure 8 India Air Taxi Market Share, By Region, By Value (USD Million) 2019-2030
- Figure 9 North India Air Taxi Market Size, By Value (USD Million), 2019-2030
- Figure 10 North India Air Taxi Market Share, By Aircraft Type, By Value (USD Million) 2019-2030
- Figure 11 North India Air Taxi Market Share, By Technology Type, By Value (USD Million) 2019-2030
- Figure 12 North India Air Taxi Market Share, By Range, By Value (USD Million) 2019-2030
- Figure 13 South India Air Taxi Market Size, By Value (USD Million), 2019-2030
- Figure 14 South India Air Taxi Market Share, By Aircraft Type, By Value (USD Million) 2019-2030
- Figure 15 South India Air Taxi Market Share, By Technology Type, By Value (USD Million) 2019-2030
- Figure 16 South India Air Taxi Market Share, By Range, By Value (USD Million) 2019-2030
- Figure 17 East India Air Taxi Market Size, By Value (USD Million), 2019-2030
- Figure 18 East India Air Taxi Market Share, By Aircraft Type, By Value (USD Million) 2019-2030
- Figure 19 East India Air Taxi Market Share, By Technology Type, By Value (USD Million) 2019-2030
- Figure 20 East India Air Taxi Market Share, By Range, By Value (USD Million) 2019-2030
- Figure 21 West India Air Taxi Market Size, By Value (USD Million), 2019-2030
- Figure 22 West India Air Taxi Market Share, By Aircraft Type, By Value (USD Million) 2019-2030
- Figure 23 West India Air Taxi Market Share, By Technology Type, By Value (USD Million) 2019-2030
- Figure 24 West India Air Taxi Market Share, By Range, By Value (USD Million) 2019-2030
List of Tables
- Table 1 India Air Taxi Market Size, By Value (USD Million), 2019-2030
- Table 2 India Air Taxi Market Share, By Aircraft Type, By Value (USD Million) 2019-2030
- Table 3 India Air Taxi Market Share, By Technology Type, By Value (USD Million) 2019-2030
- Table 4 India Air Taxi Market Share, By Range, By Value (USD Million) 2019-2030
- Table 5 India Air Taxi Market Share, By Region, By Value (USD Million) 2019-2030
- Table 6 North India Air Taxi Market Size, By Value (USD Million), 2019-2030
- Table 7 North India Air Taxi Market Share, By Aircraft Type, By Value (USD Million) 2019-2030
- Table 8 North India Air Taxi Market Share, By Technology Type, By Value (USD Million) 2019-2030
- Table 9 North India Air Taxi Market Share, By Range, By Value (USD Million) 2019-2030
- Table 10 South India Air Taxi Market Size, By Value (USD Million), 2019-2030
- Table 11 South India Air Taxi Market Share, By Aircraft Type, By Value (USD Million) 2019-2030
- Table 12 South India Air Taxi Market Share, By Technology Type, By Value (USD Million) 2019-2030
- Table 13 South India Air Taxi Market Share, By Range, By Value (USD Million) 2019-2030
- Table 14 East India Air Taxi Market Size, By Value (USD Million), 2019-2030
- Table 15 East India Air Taxi Market Share, By Aircraft Type, By Value (USD Million) 2019-2030
- Table 16 East India Air Taxi Market Share, By Technology Type, By Value (USD Million) 2019-2030
- Table 17 East India Air Taxi Market Share, By Range, By Value (USD Million) 2019-2030
- Table 18 West India Air Taxi Market Size, By Value (USD Million), 2019-2030
- Table 19 West India Air Taxi Market Share, By Aircraft Type, By Value (USD Million) 2019-2030
- Table 20 West India Air Taxi Market Share, By Technology Type, By Value (USD Million) 2019-2030
- Table 21 West India Air Taxi Market Share, By Range, By Value (USD Million) 2019-2030
- Table 22 Airbus Company Overview
- Table 23 Airbus Financial Overview
- Table 24 InterGlobe Enterprises Company Overview
- Table 25 InterGlobe Enterprises Financial Overview
- Table 26 Beechcraft Corporation Company Overview
- Table 27 Beechcraft Corporation Financial Overview
- Table 28 Boeing Company Overview
- Table 29 Boeing Financial Overview
- Table 30 Hyundai Company Overview
- Table 31 Hyundai Financial Overview
- Table 32 Ubifly Technologies Company Overview
- Table 33 Ubifly Technologies Financial Overview
- Table 34 Archer Aviation Company Overview
- Table 35 Archer Aviation Financial Overview
- Table 36 Textron India Private Limited Company Overview
- Table 37 Textron India Private Limited Financial Overview
