The global drone taxi market size is expected to reach USD 852.35 Million by 2030 according to a new study by Polaris Market Research. The report “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” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Numerous factors are accounted for the industry growth including the growing smart city initiatives globally, increasing demand for alternative modes of transportation in urban areas, and improved regulatory framework among others. The confluence of technologies, development of better autonomous vehicles such as self-driving cars and drones, advanced manufacturing techniques, and more efficient batteries are further anticipated to drive the growth of the market during the forecast period.
Based on end-use, the ride-sharing segment is leading the industry with the highest shares. The factors such as the congested cities and the rising need for faster transportation that has defined routes of travel to enable efficient travel. Furthermore, the presence of a large number of air taxi operators along with the progressive adoption of ride-sharing taxis is expected to drive the growth of the segment.
The hospitals & medical agencies segment is likely to grow at the highest pace during the forecast period. The growing demand for efficient laboratory logistics and special medical emergency service permits for critical patients is anticipated to drive the growth of the segment. The growth in the number of recent developments made by the key market players is further anticipated to drive the growth of the industry.
For instance, in March 2020, eVTOL developer Volocopter signed a partnership agreement with Autoflug for the development of air taxis. In the contract, Autoflug is expected to develop a modular Flyweight seat for Volocopter’s VoloCitymulticopter, which is a commercial air taxi service. In December 2020, Joby Aviation, developed vertical takeoff passenger aircraft, with an investment of USD 75 million by Uber Technologies. This investment is an addition to the USD 50 million, in January 2020.
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The rise in disposable income of the population along with the reducing cost of vehicles for personal use is leading to a lucrative increase in the number of vehicles, thus raising various environmental concerns. This growing focus on the environment and human health is further driving the demand for drone taxis globally. As, drone taxis have high performance, reduce emissions, and are fuel-efficient.
Market participants such as 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. are some of the key players operating in the global market. The growing number of developments by the key global market players is anticipated to drive the growth of the market during the forecast period. For instance, in March 2021, Lilium announced a merger with Quell Acquisition, a company that invests in growing businesses. This merger is anticipated to boost the market for the company’s 7-seater jet and further help Lilium to position itself as a leader in regional electric air mobility.
Polaris Market Research has segmented the drone taxi market report on the basis of solution, service, deployment, end-use, and region:
Drone Taxi, System Outlook (Revenue - USD Million, 2018 - 2030)
Drone Taxi, Range Outlook (Revenue - USD Million, 2018 - 2030)
Drone Taxi, Autonomy Outlook (Revenue - USD Million, 2018 - 2030)
Drone Taxi, End-Use Outlook (Revenue - USD Million, 2018 - 2030)
Drone Taxi, Regional Outlook (Revenue - USD Million, 2018 - 2030)