Karem Aircraft, Inc. (US)
The established players in the industry are adopting various strategies that have resulted in accelerated competition in the market. The players are implementing strategies such as; partnerships, mergers, acquisitions, and others to strengthen their user base. Recently, the air taxi start-up Archer announced their partnership with automaker FCA on the production of its electric aircraft, which will lead to the expansion of its user base. In another example, a California-based player, Archer Aviation and Fiat Chrysler Automobiles, have announced their collaboration to build eVTOL flying taxis. In addition, Singapore also revealed to have its first electric air taxi services by 2023. The initiative can intensify the competition in the industry. Furthermore, Los Angeles has announced the Urban Air Mobility Partnership to make flying mini-choppers a reality in the coming period. The partnership is between LA Mayor's Office, Urban Movement Labs, the Urban Air Mobility Partnership of Hyundai Motor Group, and the Los Angeles Dept. of Transportation. The rising cases of partnership have resulted in an intense competition among key players of the industry.