Drone Taxi Market

The Drone Taxi Market is expected to witness a CAGR of approximately 70.3% during the forecast period, 2022-2029.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global drone taxi market include the increasing urbanization and traffic congestion. The cities are expected to adopt next-generation transportation systems using the unmanned system. Cities worldwide face traffic challenges due to increasing road traffic, which causes significant problems for mass transportation. Government initiatives to implement pollution-free public travel and innovative solutions to meet urban infrastructure design and development will boost the growth of the drone taxi market. For instance, Joby Aviation eVTOL aircraft is designed for four passengers plus a pilot, which can travel above 150 miles in a single charge and is 100 times silent than a conventional aircraft during take-off and landing.

Restraint in the Drone Taxi Market

However, drone taxi operates on software that can cause cybersecurity critically vulnerable. Aerial mobility can face several cybersecurity concerns, such as the attack on air traffic control, onboard network and code, and others. The cybersecurity concern can act as a restraint and hamper market growth.

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Range – Segment Analysis

Based on the range, Intracity is expected to grow at the fastest rate in the global Drone Taxi market during the forecast period owing to heavy investment in the R&D of next-generation intracity transportation by the manufacturer such as Airbus, EHang, among others. For instance, Airbus, CityAirbus NextGen is an all-electric, four-seat vertical take-off and landing, which boasts an 80 km range and cruise speed of 120 km/hr. This service will be helpful for on-demand air transportation within urban areas and residential suburban destinations outsides cities.

End-Use Industry – Segment Analysis

Based on the end-use industry, ride-sharing companies is expected to grow at higher CAGR during the forecast period. Drone taxi market growth is attributable to crowded cities and the need for faster transportation with clear travel routes from pick-up to destination. For instance, Joby Aviation acquired Uber Elevate to integrate their respective services into each other’s apps, enabling seamless integration between ground and air travel for future customers.

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Regional – Segment Analysis:

Based on the region, the North America region is predicted to grow at a higher CAGR during the forecast period. The strategic partnership and investment related to drone taxis by relevant authorities in the region will boost the market growth. For instance, in January 2020, Toyota entered a new collaboration with Joby Aviation and invested USD 394 Million in Joby’s Series C Financing. Carbon emissions caused by aircraft and helicopters used at airports and around the cities are significant concerns. Therefore, many international authorities have initiated an energy-efficient program to achieve zero carbon emissions at the airport. To achieve this, drone taxi manufacturers will invest in innovating eVTOL and hybrid variants. Such factors are expected to drive growth in the coming years.

Top Market Players

Various notable players operating in the market, include, Airbus, Volocopter GmbH, Joby Aviation, Boeing, EHang, LILIUM GMBH, Textron Inc, Opener, SkyDrive Inc., Karem Aircraft, Inc., among others.

Key Developments:

• • In 2021, EHang and Spanish National Police collaborated to explore potential use cases for AAV in emergency and security mission.
  • In 2021, Joby Aviation and NASA collaborated to measure noise footprint of electric taxi by gathering highly valuable aircraft safety and noise data that will contribute towards an aviation future that include Advanced Air Mobility operations.

Segments covered in the Report:

The global drone taxi market has been segmented on the basis of range, autonomy, passenger capacity, end-use industry and region. Based on range, the market is segmented into Intercity, and Intracity. Based on autonomy, the market is segmented into fully autonomous, and remotely piloted. Based on passenger capacity, the market is segmented into up to 2, 3 to 5 and more than 5. Based on end-use industry the market is segmented into ride sharing companies, healthcare, scheduled operators, and private operators.

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Key questions answered in this research report:

• • At what pace is global drone taxi market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in drone taxi market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global drone taxi market?
  • Which Range generated maximum revenues in 2021 and identify the most promising Range during the forecast period?
  • What are the various autonomy of global drone taxi market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Drone Taxi Market by Range

• • Intercity
  • Intracity

Global Drone Taxi Market by Autonomy

• • Fully Autonomous
  • Remotely Piloted

Global Drone Taxi Market by Passenger Capacity

• • Up to 2
  • 3 to 5
  • More than 5

Global Drone Taxi Market by End-Use Industry

• • Ride Sharing Companies
  • Healthcare
  • Scheduled Operators
  • Private Operators

Global Drone Taxi Market by Region

• • North America Drone Taxi Market (Option 1: As a part of the free 25% customization)
    • By Range
    • By Autonomy
    • By Passenger Capacity
    • By End-Use Industry
    • US Market All-Up
    • Canada Market All-Up
  • Europe Drone Taxi Market (Option 2: As a part of the free 25% customization)
    • By Range
    • By Autonomy
    • By Passenger Capacity
    • By End-Use Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Drone Taxi Market (Option 3: As a part of the free 25% customization)
    • By Range
    • By Autonomy
    • By Passenger Capacity
    • By End-Use Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Drone Taxi Market (Option 4: As a part of the free 25% customization)
    • By Range
    • By Autonomy
    • By Passenger Capacity
    • By End-Use Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Drone Taxi (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Airbus
  • Volocopter GmbH
  • Joby Aviation
  • Boeing
  • EHang
  • LILIUM GMBH
  • Textron Inc
  • Opener
  • SkyDrive Inc.
  • Karem Aircraft, Inc.