Passenger Drone Trends and Forecast
The future of the global passenger drone market looks promising with opportunities in the commercial and personal markets. The global passenger drone market is expected to reach an estimated $2.4 billion by 2030 with a CAGR of 25.4% from 2024 to 2030. The major drivers for this market are increased urban congestion and traffic congestion, advancements in electric propulsion technology enhancing efficiency and reducing operational costs, and growing consumer demand for sustainable and time-efficient urban mobility options.
• Lucintel forecasts that up to 100 kg is expected to witness the higher growth over the forecast period.
• Within this market, commercial is expected to witness the higher growth.
• APAC is expected to witness highest growth over the forecast period.
United States –Several US companies, including Joby Aviation and Volocopter, have unveiled advanced prototypes and secured substantial funding for passenger drone development. With initiatives like NASAÄX%$%Xs Urban Air Mobility Grand Challenge, the government aims to integrate air taxis into urban transportation by 2025, fostering innovation and regulatory frameworks.
China –In China, EHang has made significant strides in the passenger drone market with its autonomous aerial vehicles. The government has set ambitious targets to develop low-altitude airspace for drone operations, supporting companies like EHang to achieve commercialization and widespread adoption domestically and internationally.
Germany –German companies such as Lilium and Volocopter are pioneering efforts in passenger drone technology, with Lilium aiming for commercial operations by 2024. The governmentÄX%$%Xs support through initiatives like the Urban Air Mobility Initiative and investment in infrastructure development underscores GermanyÄX%$%Xs commitment to advancing air mobility solutions.
Japan –JapanÄX%$%Xs NEC Corporation has announced plans to enter the passenger drone market with its flying car prototype. With the governmentÄX%$%Xs focus on future mobility solutions and initiatives like the Future Aviation Industry Vision 2050, Japan aims to accelerate the development and adoption of passenger drones for urban transportation, addressing congestion and environmental challenges.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Passenger Drone by Segment
The study includes a forecast for the global passenger drone by capacity, application, and region.
Passenger Drone Market by Capacity [Shipment Analysis by Value from 2018 to 2030]:
• Up To 100 Kg
• Over 100 Kg
Passenger Drone Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Commercial
• Personal
Passenger Drone Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Passenger Drone Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies passenger drone companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the passenger drone companies profiled in this report include-
• AeroMobil
• Airbus
• Boeing
• Cartivator
• EHANG
• Joby Aviation
• Lilium
• Terrafugia
• Uber Technologies
• Volocopter
Recent Development in the Passenger Drone Market
Joby Aviation: Joby Aviation unveiled its all-electric eVTOL aircraft, focusing on urban air mobility solutions, featuring quiet operations and high efficiency, with plans for FAA certification.
EHang: EHang announced the development of its AAVs (Autonomous Aerial Vehicles), showcasing advancements in autonomous flight technology, targeting applications in urban air transportation and logistics.
Lilium: Lilium revealed its five-seater all-electric air taxi prototype, emphasizing regional mobility and sustainability, with plans for commercial operations and expansion of its vertiport network.
Volocopter: Volocopter showcased its VoloCity electric air taxi, highlighting its commitment to urban air mobility, safety, and scalability, with successful test flights and partnerships for deployment in cities worldwide.
Features of the Global Passenger Drone Market
Market Size Estimates: Passenger drone market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Passenger drone market size by capacity, application, and region in terms of value ($B).
Regional Analysis: Passenger drone market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different capacity, applications, and regions for the passenger drone market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the passenger drone market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the passenger drone market size?
Answer: The global passenger drone market is expected to reach an estimated $2.4 billion by 2030.
Q2. What is the growth forecast for passenger drone market?
Answer: The global passenger drone market is expected to grow with a CAGR of 25.4% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the passenger drone market?
Answer: The major drivers for this market are increased urban congestion and traffic congestion, advancements in electric propulsion technology enhancing efficiency and reducing operational costs and growing consumer demand for sustainable and time-efficient urban mobility options.
Q4. What are the major segments for passenger drone market?
Answer: The future of the passenger drone market looks promising with opportunities in the commercial and personal markets.
Q5. Who are the key passenger drone market companies?
Answer: Some of the key passenger drone companies are as follows:
• AeroMobil
• Airbus
• Boeing
• Cartivator
• EHANG
• Joby Aviation
• Lilium
• Terrafugia
• Uber Technologies
• Volocopter
Q6. Which passenger drone market segment will be the largest in future?
Answer: Lucintel forecasts that up to 100 kg is expected to witness the higher growth over the forecast period.
Q7. In passenger drone market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the passenger drone market by capacity (up to 100 kg and over 100 kg), application (commercial and personal), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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