Aerospace and Defence Drone taxi Market is projected to grow up to 65% CAGR during the forecasting period 2021-2...

Drone taxi Market is projected to grow up to 65% CAGR during the forecasting period 2021-2027.

Drone taxi service is the most current innovation in the vehicle sector, and it can transport people both within and between cities. They will be completely equipped with cutting-edge technology, as well as being ecologically friendly, silent, and safe to run. The drone taxi is a much larger version of the toy drones that are now being used for medical and entertainment purposes, as well as transportation. People will be able to travel to their destinations faster thanks to this pilotless helicopter, which can fly at a speed of roughly 130 km/h and land anywhere in the city depending on data input.

The growing demand for drone taxis around the world, as well as the growing need for autonomous air ambulance vehicles, are some of the main factors predicted to fuel market expansion over the forecast period. Furthermore, passenger drone makers are seeking to combat and fix a multitude of concerns connected with traditional air vehicles, including noise, a restricted useful load, short flight periods, airspace limits, and a lack of data on safety and general operations, among others.

It is expected that the global drone taxi market will be propelled forward by rapidly increasing innovation and development activities, an increase in the number of investments made by key players in the aviation industry, as well as an increase in consumer demand for pollution-controlled vehicles. As a result of the positive impact of technological advancements made by a number of start-ups and Fortune 500 companies on the drone industry, it is expected that the size of the drone taxi market will grow.

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Key Driving Factors: Initiatives to make cities more intelligent

In recent years, smart city models have created enormous development opportunities for technology vendors and their associated service providers to capitalise on. The rise of environmental campaigns and increasing government initiatives has prompted technology providers and consultants to aggressively begin simulating innovative solutions for urban infrastructure design and development based on conceptual modules. For example, the city of Osaka will begin construction of vertiports and infrastructure to support drone delivery services, as well as urban air mobility. Sky Sports, a leading vertiport company based in the United Kingdom, will assist in the delivery of eVTOL technology. 

Driving factor: Industry is expected to Witness Significant Growth.

The initiative will help to improve tourism, environmental sustainability, and the overall economic performance of the Osaka Prefecture, among other things. Investors are pouring millions of dollars into efforts to bring the business to market because it has the possibility to modify the urban mobility landscape substantially. They are attracted to electric air taxis because they have the potential to significantly reduce operating and maintenance costs.

This report offers the major market player’s profiles, such as Airbus (Netherlands), Boeing (US), Volocopter (Germany), Lilium (Germany), Joby Aviation (US) and EHang (China)

Based on End-users: 

The market can be classified into four types of end-users such as: scheduled operators, ride-sharing companies, hospitals & medical agencies, and private operators, depending on the end-use. During the forecast period, the ride-sharing segment accounted for the vast majority of total revenue. Because of congested cities and the demand for faster transportation, with clearly defined air and road routes to travel from one to another location, this increase is expected to continue. One of the primary reasons for the rapid growth of this segment is the growing hue number of air taxi suppliers in the market, which is being accompanied by an increase in the use of ride-sharing taxis.

The drone taxi Market report has been categorized as below

By System.

  • Structure

  • Avionics

  • Interior

  • Propulsion

  • Other

By Propulsion Type

  • Fully Electric

  • Hybrid

  • Electric Hydrogen

By Passenger Capacity

  • Up to 2

  • 3 to 5

  • More than 5

By End use

  • Ride Sharing Companies

  • Scheduled Operators

  • Hospital and Medical Agencies.

  • Private Operators

By Range

  • Intracity

  • Intercity

By Autonomy

  • Remotely Piloted

  • Fully Autonomous

By regions:

  • North America
  • Europe
  • Asia Pacific
  • Rest of World
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Published Date : August-2021