Drone Taxi Market Size Analysis, Industry Outlook, & Region Forecast till 2027
The report’s authors have offered necessary details on the latest Drone Taxi market trends and the crucial parameters impacting both short-term and long-term market growth. Its panoramic view of the Drone Taxi market entails useful insights into the estimated Drone Taxi market size, revenue share, and sales & distribution networks. Such helpful market insights are bound to help readers outline this industry’s key outcomes in the near future.
The global drone taxi market size was USD 10.8 million in 2021 and is expected to register a revenue CAGR of 63.0% during the forecast period, according to latest analysis by Emergen Research. Technological advancements in manufacturing solutions and increasing research & development for more efficient batteries used in drones and increasing demand for alternative modes of transport focusing on urban mobility due to increased road congestion are major factors driving market revenue growth. Several companies in various industries, such as hospitals, ride-sharing companies, scheduled operators, and private operators, are rapidly adopting drone taxis in urban areas owing to various advantages such as reduction in traffic congestion, sustainability, increased transportation efficiency, faster traveling option, and noise reduction. In addition, government entities are adopting drone taxis owing to variouspotential benefits including use of passenger drones for emergency services such as search and rescue missions and delivery of life-saving goods. Moreover, rising innovations and collaborations between key companies are driving market revenue growth over the forecast period. For instance, on 10 January 2020, Hyundai collaborated with Uber to make drone taxi facilities available for normal citizens and make urban air mobility a reality.
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Market Drivers:
The constant efforts of prominent players to develop newer and modern technologies and product advancements are expected to drive the growth of the industry over the coming years. The report studies the extensive business expansion plans and advancements in R&D activities and product portfolio. The report offers a clear understanding of the alliances in the market, such as mergers and acquisitions, joint ventures, collaborations, partnerships, agreements, product launches and brand promotions, and corporate deals.
Market Scope: The report explains the scope of various commercial possibilities in the global Drone Taxi market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Competitive Terrain:
The global Drone Taxi industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.
The leading market contenders listed in the report are:
LIFT Aircraft Inc., Airbus, Aloft Aviation, Boeing, EHang, Joby Aviation, Karen Airecraft, Inc., Lilium, Moog Inc., Opener
The research study examines historic data from 2018 and 2020 to draw forecasts until 2028. The timeline makes the report an invaluable resource for readers, investors, and stakeholders looking for key insights in readily accessible documents with the information presented in the form of tables, charts, and graphs.
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Market Segmentations of the Drone Taxi Market
This market is segmented based on Types, Applications, and Regions. The growth of each segment provides accurate forecasts related to production and sales by Types and Applications, in terms of volume and value for the period between 2020 and 2028. This analysis can help readers looking to expand their business by targeting emerging and niche markets. Market share data is given on both global and regional levels. Regions covered in the report are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Research analysts assess the market positions of the leading competitors and provide competitive analysis for each company. For this study, this report segments the global Drone Taxi market on the basis of product, application, and region:
Segments Covered in this report are:
-
Propulsion Type Outlook (Revenue, USD Million; 2019–2030)
- Hybrid
- Fully Electric
- Others
-
Range Outlook (Revenue, USD Million; 2019–2030)
- Intracity
- Intercity
-
Autonomy Outlook (Revenue, USD Million; 2019–2030)
- Fully Autonomous
- Remotely Piloted
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Regional Outlook of the Drone Taxi Market
The global Drone Taxi market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In this section, authors of the report have studied the presence of the global Drone Taxi market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
Key Points of the Geographical Analysis:
- Data and information related to the consumption rate in each region
- Estimated increase in the consumption rate
- Proposed growth of the market share of each region
- Geographical contribution to market revenue
- Expected growth rate of the regional markets
Objectives of the Report:
- Industrial structure analysis of the Drone Taxi market by identification of various sub-segments
- Extensive analysis of key market players along with their SWOT analysis
- Competitive landscape benchmarking
- Analysis of Drone Taxi market based on growth trends, futuristic outlook, and contribution to the total growth of the market
- Analysis of drivers, constraints, opportunities, challenges, and risks in the global Drone Taxi market
- Comprehensive analysis of competitive developments such as expansions, agreements,
Table of Contents
- Executive Summary
- Research Methodology
- Market Overview
- Regional Landscape
- Global Market Analysis and Forecast by Types
- Global Market Analysis and Forecast by Applications
- Global Market Analysis and Forecast by Regions
- North America Market Analysis and Forecast
- Europe Market Analysis and Forecast
- Asia Pacific Market Analysis and Forecast
- Latin America Market Analysis and Forecast
- Middle East & Africa Market Analysis and Forecast
- Competitive Landscape
In conclusion, the Drone Taxi Market report is an exhaustive database that will help readers formulate lucrative strategies. The Drone Taxi Market report studies the latest economic scenario with value, drivers, constraints, growth opportunities, challenges, demand and supply ratio, production capacity, import/export status, growth rate, and others. Additionally, the report also undertakes SWOT Analysis and Porter’s Five Forces Analysis to study the leading companies.
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