Passenger Drones Market Overview and Growth Rate Analysis 2026 by Leading Companies: Ehang, Volocopter GmbH, AeroMobil, Joby Aviation, Uber Technologies Inc., Boeing, Airbus S.A.S., Astro Aerospace, Cartivator, Lilium, and Terrafugia

Market Study Report recently introduced new title on “2019-2026 Global Passenger Drones Market Report” from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2026.

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.

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The well-known companies profiled in the passenger drones market report include Ehang, Volocopter GmbH, AeroMobil, Joby Aviation, Uber Technologies Inc., Boeing, Airbus S.A.S., Astro Aerospace, Cartivator, Lilium, and Terrafugia among others. 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.

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.

The global passenger drones market is estimated to reach USD 1,419.5 million by 2026 growing at a CAGR of 29.5% during the forecast period, according to a new study. In 2018, the hardware segment dominated the global passenger drones industry, in terms of revenue. Europe was the leading contributor to the global market in 2018.

Passenger Drones are move people for short to medium distances. Being capable of vertical takeoff 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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The Report 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
o Rest of MEA

Table of content:

Chapter 1. Overview and Scope
Chapter 2. Executive Summary
Chapter 3. Passenger Drones Market Insights
Chapter 4. Passenger Drones Market Size and Forecast, 2015-2026 by Component
Chapter 5. Passenger Drones Market Size and Forecast, 2015-2026 by Capacity
Chapter 6. Passenger Drones Market Size and Forecast, 2015-2026 by End-User
Chapter 7. Passenger Drones Market Size and Forecast, 2015-2026 by Region
Chapter 8. Company Profiles

More Details on this Report At: https://www.marketstudyreport.com/reports/passenger-drones-market-share-size-trends-analysis-report-by-component-hardware-software-services-by-capacity-less-than-100-kg-more-than-100-kg-by-end-user-personal-commercial-by-region-segment-forecast-2019-2026?utm_source=openpr.com-Mahadev

Related Report:

Drone Logistics & Transportation Market to 2027 - Global Analysis and Forecasts by Type (Freight Drones, Passenger Drones, and Ambulance Drones); Application (Warehousing, Shipping, and Others); and End User (Military and Commercial)

The global drone logistics & transportation market accounted for US$ 24.58 Mn in 2018 and is expected to grow at a CAGR of 60.6% over the forecast period 2019-2027, to account for US$ 1,626.98 Mn in 2027. Factors including increasing developments in the e-commerce sector and rising acceptance owing to various benefits offered are significantly driving the global drone logistics & transportation market. However, lack of skilled operators and difficulties in operation are impeding the market growth. Proliferation in rural deliveries is opportunistic for the growth of the market. For instance, in 2017, Tanzanian government announced the partnership with Zipline with an objective to provide emergency on-demand access to medicines, vaccines and blood in the region.
Read More: https://www.marketstudyreport.com/reports/drone-logistics-transportation-market-to-2027-global-analysis?utm_source=openpr.com-Mahadev

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