The global drone taxi market is projected to grow at a CAGR of XX% during the forecast period (2021-2027). The primary factor driving the market is its advantages including reduction in traffic congestion, increasing transportation efficiency, and reduction in the level of noise pollution. Further, it can be used to carry passengers for intracity or intercity transportation. The major attributable factor for the rapid increase in drone taxis is an increase in the urban population coupled with increasing demand for electric vertical takeoff and landing (EVOTLs) in various countries.
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COVID-19 pandemic led to a positive impact on the growth of the market. During the pandemic, the company has strategically invested in the production of the drone. For instance, in February 2020, Toyota invested $590 billion in Joby Aviation and EHang’s $650 million initial public offerings (IPO) valuation. However, the pandemic has impacted the R&D activities of companies such as Uber Air Taxis. Further, there were disruptions in supply chain and logistics operations due to the lockdown imposed by the government of several countries.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Drone Taxi Market by Autonomy
- Remotely Piloted
- Fully Autonomous
Global Drone Taxi Market, by Propulsion Type
- Fully Electric
- Hybrid
- Electric Hydrogen
Global Drone Taxi Market by End User
- Ride-Sharing Companies
- Scheduled Operators
- Hospital and Medical Agencies.
Global Drone Taxi Market by Range
- Intracity
- Intercity
Regional Analysis
- North America
- US
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- Archer Aviation Inc.
- Bell Textron Inc.
- Guangzhou EHang Intelligent Technology Co. Ltd.
- Hyundai Motor Co.
- Kitty Hawk
- Lilium GmbH
- Terrafugia
- Textron Inc.
- Uber Technologies Inc.
- Volocopter GmbH
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global drone taxi market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where in the market.
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