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Surbhi Jain

Joby, Archer, Eve: Race For First-Mover Advantage In The $100B Flying Taxi Market

Archer Joby JPMorgan ACHR Archer Aviation Archer Aviation Inc Eve Air Mobility Joby Aviation Joby Aviation Inc FAA

Yellow,Flying,Taxi,Against,The,Sky,,City,Electric,Transport,Drone.

The race to commercialize flying cars is shifting from science fiction to investor reality. JPMorgan analysts see electric vertical takeoff and landing (eVTOL) aircraft entering a rapid growth phase, with the total addressable market for passenger air taxis alone projected to hit $100 billion globally by 2040. With test flights stacking up and regulators edging closer to certification frameworks, frontrunners like Joby Aviation Inc (NYSE:JOBY), Archer Aviation Inc (NASDAQ:ACHR), and Eve Air Mobility (subsidiary of Eve Holding Inc (NYSE: EVEX)) are now jostling for pole position in the skies.

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