
Rising demand for faster means of transportation is a major factor driving flying taxi market revenue growth Market Size – USD 2.17 Billion in 2020, Market Growth – at a CAGR of 28.4%, Market Trends – Continuous advancements in technology The global flying taxi market size is expected to reach USD 16.05 Billion in 2028 and register a revenue CAGR of 28.4% over the forecast period, according to the latest report by Reports and Data. Rising need for more enhanced and faster mode of transportation in urban areas is driving flying taxi market revenue growth. Urban population is increasing globally leading to ever-increasing on-road traffic. Therefore, for distances of more than 20 kilometers, a flying taxi acts as an attractive solution to a conventional taxi, as it can bypass the congested roadway on the ground. Increasing investments in research & development activities by major players to develop better battery technologies in order to extend the distance that the fly...