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Future Of Passenger Drones Market: Recent Industry Activity Focus on Key Players like Ehang, Volocopter GmbH, AeroMobil, Joby Aviation, Uber Technologies Inc., Boeing.
Passenger Drones Market
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Passenger Drones are move people for short to medium distances. Being capable of vertical take off and landing (VLOT), these can replace driving on roads in cities. Passenger Drones will solve the problem of transport during peak travel time and overcoming obstacles like bridges or lakes. Not just daily commute, passenger drones can be of great significance in adversities and be used for rescue, search operations, emergency supply delivery or air ambulance.
The growing need for cheaper, faster and cleaner transport is increasing the demand for transport alternatives. The increasing demand for intelligent technologies that reduce emissions and offer higher energy efficiency play a key role in the passenger drone market growth. The increasing penetration of mobile devices and technological advancements in components such as camera, mapping software, and others are expected to further support passenger drone market growth.
The decline in drone costs and technological advancement is encouraging significant investments in the technology. The growing urban population and their aspiration to avoid traffic congestion will further push the passenger drone market growth during the forecast period. However, safety, security, and privacy concerns restrict the market growth. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.
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Europe generated the highest revenue in the market during 2017. The increasing population, and growing need for efficient travel options drives the growth of this market. Presence of key players in the region, significant investments, and increasing technological innovation further support the market growth.
The different components used in passenger drones include hardware, software, and services. In 2017, the hardware segment accounted for the largest share in the global market. The hardware used in passenger drones include technologically advanced cameras, navigation systems, frames, controllers, propulsion systems, and others.
Top Key Players in Passenger Drones Market Report:
• Ehang
• Volocopter GmbH
• AeroMobil
• Joby Aviation
• Uber Technologies Inc.
• Boeing
• Airbus S.A.S.
• Astro Aerospace
• Cartivator
• Lilium
• Terrafugia
These companies are consistently launching new products to enhance their offerings in the passenger drones industry. With the advancement of technologies, companies are innovating and introducing new solutions to cater to the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their offerings to improve their market reach.
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Polaris Market Research has segmented the global passenger drones market on the basis of component, capacity, end user and region:
Passenger Drones Component Outlook (Revenue, USD Million, 2015 – 2026)
• Hardware
• Software
• Services
Passenger Drones Capacity Outlook (Revenue, USD Million, 2015 – 2026)
• Less than 100 kg
• More than 100 kg
Passenger Drones End-User Outlook (Revenue, USD Million, 2015 – 2026)
• Personal
• Commercial
Passenger Drones Regional Outlook (Revenue, USD Million, 2015 – 2026)
• North America
o U.S.
o Canada
• Europe
o Germany
o UK
o France
o Italy
o Spain
o Belgium
o Russia
o Netherlands
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Korea
o Singapore
o Malaysia
o Indonesia
o Thailand
o Philippines
o Rest of Asia-Pacific
• Latin America
o Brazil
o Mexico
o Argentina
o Rest of LATAM
• Middle East & Africa
o UAE
o Saudi Arabia
o South Africa
• Rest of MEA
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About Polaris Market Research
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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Polaris Market Research
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