Passenger Drones Market 2018 Global Leaders: Volocopter, Airbus Group, Terrafugia Corporation, AeroMobil, Ehang, Lilium, Uber, Cartivator

Global Passenger Drones Market, Component (Sensor, Controller System, Camera, Navigation System, Propulsion System), Capacity (Upto 100kg, 100–200kg, 200kg above), Rotors (0-10, 10-20, 20 above), Application (Commercial, Personal) - Forecast till 2023

Market synopsis:
Passenger drones are a kind of aircraft which is controlled by either the passengers sitting inside via a remote controller or by a fixed route computer program. The demand for drones is significantly higher in military applications, however, commercial applications are gradually catching up with passenger drones that tend to be termed as flying cars/ taxies.

Many e-commerce and retail industries have been working on using UAVs in order to deliver products to customers in the shortest possible time. With this in mind, passenger drones are designed to carry passengers over a short distance in minimum amount of time, avoiding the road traffic. These drones can carry weights up to a maximum of 350 kg and use an electric battery to operate. The battery operated vehicles are by far, cheaper than the traditional vehicles, which is also a driving factor for passenger drone market to grow in near future. In July 2015, Amazon had suggested the allocation of a separate airspace zone for the successful operation of these unmanned aerial aircraft in order to carry cargo between two different locations over a short or long route. The new aviation guidelines, regulation and airspace zone are some of the factors that require government approval and thereby, turns to be a restraining factor for this market.

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Some of the trends in the passenger drone market include multirotor passenger drones in non-military applications for flight stability and cost-benefit increased which has increase the usage of passenger drones in commercial and consumer application, and strong penetration of smartphones also fuels the interest in smartphone controlled passenger drones. This new class of vehicles is an emerging transformation in the way people and goods move around. This is majorly driven by a series of technological and social trends, from ridesharing and bike-sharing to electric and autonomous vehicles and beyond, the future of mobility is expected to create a more integrated transportation system which is faster, cheaper, cleaner, and safer.

Key players:
The key players in the market of passenger drones are- Volocopter GmbH (Germany), Airbus Group (the Netherlands), Terrafugia Corporation (U.S.), AeroMobil s.r.o. (Slovakia), Ehang (China), Lilium (Germany), Uber (U.S.), Cartivator (China), among others.
Segmentation:
On the basis of component, the market is segmented into sensor (motion sensor, light sensor, proximity sensor, temperature sensor, position sensor and others), controller system, camera (multispectral camera, thermal camera, lidar camera, high resolution camera), navigation system (global positioning system and geographic information system), propulsion system, battery and others.

On the basis of capacity, the market is segmented into upto 100kg, 100-200kg and 200kg above.

On the basis of rotors, the market is segmented into upto 10, 10-20, and 20 above.

On the basis of application, the market is segmented into commercial and personal passenger drones.

Regional analysis:
The geographical analysis of the passenger drone market include regions like North America, Europe, Asia Pacific and rest of the world. Among these regions, North America, at present has the largest market share. The Middle East, especially UAE, is the fastest region to adopt passenger drones, thereby making the region to be the fastest growing region. The Asia Pacific is expected to witness the third highest growth rate during the forecast period followed by North America. Europe holds the third largest market following the Middle East. Europe is an advanced region in terms of aviation, aerospace, and defense, however, the strict aviation guidelines somehow restrain the market growth.

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