According to the research report, the global drone taxi market size & share was valued at USD 9.51 million in 2021 and is expected to reach USD 852.35 Million by 2030, to grow at a CAGR of 62.8% during the forecast period.
What is Drone Taxi? How Big is Drone Taxi Market Size & Share?
- Overview
Uber and Boeing are advancing eVTOL (electric vertical take-off and landing) flying taxis, and it is predicted that by 2040 there will be 430,000 such vehicles functioning globally. Also, delivery drones are being tested and developed, with the global market for these passenger drones being worth $5.6 billion by 2028, as per one estimate. To encounter future demands in which flying taxis and drones share airspace over dynamic megacities, advocates of the technologies say cities will be prepared to structure several min airports known as sports.
Drones have evolved significantly over a few decades. Drones' size, shape, and potential uses are constantly reimagined and rethought. Causing any disposition of passenger drones will need fabricating an environment appropriate for innovation, research, and testing of speedily evolving drone technology. It would feasibly include integrating stimulus, fiscal or otherwise, to encourage more research on drones and impact an official sandbox perspective that will permit companies to test their drones in securely regulated conditions. Any such official approach will be required to be painstakingly designed to facilitate innovation and simultaneously circumvent any unnecessary costs to properties or humans.
Highlights of the report
- The study offers the analytical illustration of the global drone taxi market analysis together with prevalent trends and estimation of the future to represent the approaching investment pockets
- The comprehensive drone taxi market opportunity is decided by comprehending the commercial trends to acquire a robust foothold
- The report showcases information connected to critical restraints, drivers, and opportunities of the global market with a comprehensive impact analysis
- The present drone taxi market is quantitatively analyzed over the forecast period to specify the competency that is financial
- Porter’s five forces analysis demonstrates the potency of buyers and suppliers in the industry
Top Company Profile Covered in Drone Taxi Market Report:
- Lift Aircraft
- Airspace Experience Technology
- Aloft
- Boeing
- Ehang
- Joby Aviation
- Karem Aircraft
- Lilium
- Micor Technology Llc
- Moog
- Opener
- Pipistrel
- Scienex
- Skydrive Inc
- Tecnalia
- Textron Inc
- Volocopter
- Xeriant
- Zhejiang Geely
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Drone taxi market: Growth leading factors
Several factors are responsible for the industry growth, including developing intelligent city initiatives worldwide, growing demand for optional modes of transportation in urban regions, and an enhanced official framework. The convergence of technologies, advancements for superior autonomous vehicles like self-driving cars, enhanced techniques of manufacturing, and highly productive batteries are additionally expected to propel the market growth during the forecast period.
The growing demand for drone taxis globally, increasing demand for independent air ambulance vehicles, and growing congestion of traffic are some of the crucial factors anticipated to push the market growth during the forecast period. Also, passenger drone makers strive to fight and tackle several issues linked with constant air vehicles, including noise, restrictive usable load, compact flying periods, constraints in airspace, and a lack of data on general and safety operations.
Due to the covid-19 pandemic, remote working has influenced the potential of its vehicle partners to carry out research and development activities. There were also many labor and supply chain disruptions in overseas market development.
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Drone taxi market: Report Scope
|
Report Attribute |
Details |
|
Market Size 2021 Value |
USD 9.51 million |
|
Market Outlook for 2030 |
USD 852.35 million |
|
Expected CAGR Growth |
62.8% from 2022 - 2030 |
|
Base year |
2020 |
|
Forecast period |
2022 - 2030 |
|
Segments covered |
By System, By Range, By Autonomy, By End-Use, By region |
|
Key Companies |
Lift Aircraft, Airspace Experience Technology, Aloft, Boeing, Ehang, Joby Aviation, Karem Aircraft, Lilium, Micor Technology Llc, Moog, Opener, Pipistrel, Scienex, Skydrive Inc, Tecnalia, Textron Inc, Volocopter, Xeriant, Zhejiang Geely. |
|
Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
|
Customization Options |
Customized purchase options are available to meet your research needs. |
Drone taxi market: Key segmentation
- Insight by the system, range, autonomy, end-use, and region
By system, the propulsion system will dominate the market. The fully electric segment is the largest in revenue sales and market share. The increasing demand for fuel-efficient, low emission vehicles with high performance have increased tolerance over other propulsion system permitting eVTOLs to fly for a longer time. By range, the intracity segment accounted for a significant share due to increasing demand for on-demand air transportation with central metropolitan areas and residential suburban locations on the outskirts of cities. By end-use, the ride-sharing segment dominated the market due to congested cities and the demand for speedy transport with routes and air roads clearly defined from one location to another.
By region, North America is accounted for the dominant share due to growing strategic partnership, robust economic growth, and escalating support and investment by the government officials for the advancement of drone taxi infrastructure with several key players to unruffle the stress on the region's overall transport system. Additionally, in the US, the prevalence of prominent eVTOL aircraft makers will inspire the usage of the unmanned system for several commercial and civil purposes. Asia Pacific region is also growing speedily due to increasing traffic congestion, rising disposable income, and escalating demands for speedier modes of transportation. By 2050, almost 69% of the globe's population is anticipated to migrate to cities, surging road traffic congestion and boosting demand for air taxis in the APAC region.
Browse the full “Drone Taxi Market Share, Size, Trends, Industry Analysis Report, By System (Structure, Avionics, Interior, Propulsion and Others), By Range (Intracity and Intercity), By Autonomy (Remotely Piloted and Fully Autonomous), By End-Use, By Region; Segment Forecast, 2022 - 2030” Report at https://www.polarismarketresearch.com/industry-analysis/drone-taxi-market
Important Questions Being Answered by The Market Report
- What is the market size and growth?
- Who are the winners of the drone taxi market?
- What is the covid-19 influence on the drone market?
- What are some of the technological advancements in the market?
- What are the factors driving the market growth?
- Who are the significant companies in the drone taxi market?
The market primarily depends on the system, range, autonomy, end-use, and region
Drone taxi market: By system
- Structure
- Avionics
- Interior
- Propulsion
- Others
Drone taxi market: By range
- Intracity
- Intercity
Drone taxi market: By autonomy
- Remotely Piloted
- Fully Autonomous
Drone taxi market: By end-use
- Ride-Sharing Companies
- Scheduled Operators
- Hospitals & Medical Agencies
- Private Operators
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