According to latest research by Emergen Research, the global drone taxi market is expected to reach USD 10.8 million in 2021 and show a CAGR of 63% throughout the forecast period.The continuing expansion of the auto industry, advancements in manufacturing technologies, and growing research & development for more efficient batteries used in drones are all driving market revenue growth.
Due to various advantages such as reduction in traffic congestion, sustainability, increased transportation efficiency, faster traveling option, and noise mitigation, several firms from a variety of industries are rapidly adopting drone taxis in urban areas.Not only do drones offer many advantages over traditional forms of transportation, but they are also being used by government agencies owing to several potential benefits, including the use of passenger drones for emergency services such as search and rescue missions and the delivery of life-saving products.
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Furthermore, the growth of new technologies and partnerships between key businesses are propelling market revenue over the next five years. On January 10, 2020, for example, Hyundai joined forces with Uber to offer regular citizens access to drone taxi services and make urban air mobility a reality.
However, the rapid growth of passenger drones may cause airspace to be clogged and create new safety problems. The development of Internet of Drones (IoD), which connects drones and ensures proper pathing and collision avoidance, is addressing this issue. This also raises additional security concerns, such as ensuring continuous communication pathways in the event of technological failure, preventing malicious drone activity, and protecting user privacy.User privacy is a key concern with any new technology, and drones are no exception. Although there are many potential benefits to using drones, such as increased efficiency and safety, there are also potential risks.
Some Key Highlights From the Report:
- In 2021, the hospital and medical sector took a large portion of the overall revenue. Ambulance drones are gaining popularity in the healthcare industry because they may avoid road obstacles such as traffic jams and blocked roads while also reaching remote locations and mountains more quickly than normal ambulances. Ambulance drones can also be utilized to provide faster ambulatory services at mass casualty events such as earthquakes, floods, and mudslides.One of the first companies to develop an ambulance drone was Swiss company Air Rescue. AirRescue’s ambulance drone, the MediDrone, is a quadcopter that can transport up to 1.5 kg (3.3 lb) of medical equipment and supplies. The MediDrone can fly at speeds of up to 100 km/h (62 mph) and has a range of 50 km (31 mi).The MediDrone is equipped with a GPS system and can automatically follow pre-programmed routes.
- The remotely piloted industry is expected to see a significant revenue increase over the next several years. Investments in and development of remotely piloted drones are anticipated to boost market growth. Volocopter, a startup based in Bruchsal, Germany, has been developing electric Vertical Takeoff and Landing (VTOL) planes and a business plan for operating them as air taxis since 2011. The company has raised over $41 million in funding from Daimler, Intel, and other investors. Volocopter’s first commercially available product is the VoloCity, an electrically powered multicopter that can carry two passengers for up to 30 minutes at speeds of up to 110 kilometers per hour (68 miles per hour).
- The North American market is expected to account for the greatest sales share in 2021, driven by significant economic expansion, growing demand for drone taxis, urbanization , and supportive government policies in the region. On January 8, 2020, EHang successfully demonstrated an autonomous air taxi in North America. For the demonstration and flight, EHang used their new passenger-grade AAV, the EHang 216. The EHang 216 is a multi-rotor electric AAV that can carry a single passenger weighing up to 220 pounds (100 kilograms). The air taxi has a maximum flight time of 23 minutes and a top speed of 63 miles per hour (101 kilometers per hour).
- Top companies in the Drone Taxi market report include LIFT Aircraft Inc., Airbus, Aloft Aviation, Boeing, EHang, Joby Aviation, Karem Aircraft, Inc., Lilium, Moog Inc., and Opener.
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Emergen Research has segmented the global drone taxi market based on propulsion type, range, autonomy, end-use, and region:
- 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
- End-Use Outlook (Revenue, USD Million; 2019–2030)
- Hospital and Medical
- Ride Sharing Companies
- Scheduled Operators
- Others
- Regional Outlook (Revenue, USD Million; 2019–2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
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Chapter-based division of the report
- Wireless Display Market outline.
- Leading manufacturers in the Global Wireless Display Market.
- Global Wireless Display Market rate of production, revenue generation, and consumption in a region-based analysis to infer accurate forecast for 2019-2028.
- Production, market standing, and import/export status have been studied based on the leading regional markets.
- Production, gross revenue, market value, and growth trends for the different product types available in the market.
- Global Wireless Display market analysis based on the different applications of the products.
- Profiling/Analysis of the leading manufacturers in the Global Wireless Display Market.
- Wireless Display Market production analysis.
- Value Chain analysis, optimum Sourcing Strategies and upstream and downstream consumers.
- Detailed Analysis of widely adopted marketing and expansion strategies and the leading distributors and traders operating in the sector.
- Outcome of various analytical methods for a more accurate prediction of the market growth in the forecast years.
- Global Wireless Display Market Forecast for 2020-2028.
- Other notable research findings of the Global Wireless Display market study.
- Appendix.
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