Global Drone Taxi Market – Industry Trends and Forecast to 2030

 Drone Taxi Market Analysis and Size

With the increasing number of automobiles running on the road and the lucrative rise in traffic congestion in urban areas, the demand for a better and more efficient transportation system has risen, thus growing the demand for the drone taxi worldwide. Moreover, the “fully electric” is expected to be the fastest growing propulsion segment during the forecast period due to increasing demand for low emission, high performance, and fuel-efficient vehicles that have superior endurance than other propulsion systems and allowing the drone taxis to fly for longer durations.

Data Bridge Market Research analyses that the drone taxi market is expected to reach USD 861.79 million by 2030, which is USD 17.29 million in 2022, at a CAGR of 63.00% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Drone Taxi Market Scope and Segmentation

Market Definition

A drone taxi is the newest innovation in automobile industry which can transport people at the intracity and intercity level. These taxi will be fully equipped with leading-edge technology and will be silent, eco-friendly, and safe to use. This drone taxi is a much better version of the toy drones, which are used for entertainment and medical purposes. It's a pilotless helicopter that can fly at approximately 130 km/h and land anywhere as per the data input, permitting people to reach their termini more rapidly.

Drone Taxi Market Dynamics

Drivers

• Increase in demand of ambulance drones in hospital sector

The hospital and medical segment witnessed significant growth during the forecast period. There is an increasing demand for the ambulance drones in the hospital owing to numerous advantages, as ambulance drones can escape road transportation barriers such as blocked roads and traffic jams and they can reach difficult places such as mountains faster and remote areas than normal ambulances. Ambulance drones are also helpful during events, such as festivals and fairs, for faster ambulatory service. Furthermore, traditional ambulances are costly and require human operators, medical staff and technicians, whereas ambulance drones are far less costly and require few people to operate.

• High popularity of Intracity range based drone taxi

Intracity is the leading range segment that significant growth during the forecast period. This large market share can be attributed to the large demand for air transportation in the core urban areas and residential suburban areas around the city. Major manufacturers such as Lift, Airbus, Volocopter and Boeing, among others, are already investing in the development of efficient and advanced  intercity transportation services. For instance, Lilium is emerging Lilium Jet which is an e-VTOL jet with a cruising speed of over 300 km/hr. The company is working to organize this jet primarily for intracity transportation and then for intercity transportation. Furthermore, Lift Aircraft launched Hexa in December 2018, a manned intracity e-VTOL with a market price of USD 49,500. Therefore, high popularity of Intracity range based drone taxi is expected to drive the market growth rate.

Opportunities

• Growing number of smart city initiatives

The increasing number of smart city initiatives is anticipated to create numerous opportunities for the growth of the drone taxi market globally during the forecast period. Smart city models have encouraged numerous development opportunities for associated service vendors and technology providers. Along with increasing government initiatives and a rising focus on the environment and human health, technology providers are destructively evolving innovative solutions for urban infrastructure development. For instance, Osaka City undertook the development of infrastructure for drone services such as urban air mobility and drone delivery in May 2021. For this project, Skyports, one of the leading vertiport companies, will assist in offering eVTOL technology. This project is further expected to enhance tourism, sustainability, and the city's economic performance.

Restraints

• Multiple issues associated with drone taxi

Safety concerns during operations of drone taxi and limitations on commercial usage of drones are anticipated to hinder the growth of the market. Furthermore, lack of skilled and trained operators and implementation of required ground infrastructure are projected to challenge the growth of the drone taxi market in the forecast period of 2023-2030.

This drone taxi market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the drone taxi market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Covid-19 Impact on Global Drone Taxi Market

Before the outbreak of Covid-19, the drone taxi market was on a significant growth trajectory. In 2019, Federal Aviation Administration in the US declared its appointment with more than 15 e-VTOL aircraft manufacturers, including Lilium, EHang, Uber Air, Joby Aviation and others, with all these companies having thedetermination to launch commercial passenger travel in upcoming years. However, there have been numerous signs of decelerating down since the outbreak. For instance, Uber Air has revealed that the remote working has adversely affected the capability of its automobile partners to conduct R&D activities. Furthermore, EHangwas affected by the supply chain disruptions and labor during the outbreak. Voom, an app-based helicopter booking platform sponsored by Airbus, ceased its operations in 2020 owing to the disruptions caused by pandemic. Although, Airbus has declared its commitment toward its drone taxi program.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

Recent Development

• In 2021, Airbus SE announced its plans to introduce a new City Airbus because the Urban Air Mobility (UAM) market is beginning to emerge. This new city airbus will be fully Electric Vehicle with fixed wings and has eight electrically powered propellers. It is mainly designed to carry four passengers with zero-emission flight, providing a safe, sustainable and fully integrated service.

Global Drone Taxi Market Scope

The drone taxi market is segmented based on the system, propulsion type, passenger capacity, end use and range and autonomy. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

System

• Structure
• Avionics
• Interior
• Propulsion
• Other

Propulsion Type

• Fully Electric
• Hybrid
• Electric Hydrogen

Passenger Capacity

• Up to 2
• 3 to 5
• More than 5

End Use

• Ride Sharing Companies
• Scheduled Operators
• Hospital and Medical Agencies
• Private Operators

Range

• Intracity
• Intercity

Autonomy

• Remotely Piloted
• Fully Autonomous

Drone Taxi Market Regional Analysis/Insights

The drone taxi market is analyzed and market size insights and trends are provided by country, system, propulsion type, passenger capacity, end use and range and autonomy as referenced above.

The countries covered in the drone taxi market report are report  U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the drone taxi market in terms of revenue owing to the surge in investments to grow drone taxi infrastructure by numerous market players in this region.

North America is projected to be the fastest developing region during the forecast period of 2023-2030. This is mainly owing to the increased traffic congestion and emergence of smart cities in this region.

 The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Drone Taxi Market Share Analysis

The drone taxi market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to drone taxi market.

Some of the major players operating in the drone taxi market are:

• Airbus (Netherlands)
• Boeing. (U.S.)
• Textron Inc. (U.S.)
• Guangzhou EHang Intelligent Technology Co. Ltd (China)
• Joby Aviation. (U.S.)
• Volocopter GmbH (Germany)
• Lilium (Germany)
• Opener (U.S.)
• PIPISTREL d.o.o. (Slovenia)
• Aloft Aviation. (India)
• LIFT Aircraft Inc. (U.S.)
• SkyDrive Inc. (Japan)
• Moog Inc.  (U.S.)
• Karem Aircraft, Inc. (U.S.)
• TECNALIA (Spain)
• Xeriant, Inc. (U.S.)
• The Vertical Flight Society. (U.S.)
• Zhejiang Geely Holding Group (China)
• Micor Technologies (U.S.)
• Airspace Experience Technologies, Inc. (U.S.)
• Varon Vehicles Corporation (U.S.)

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