$1,419.5 Million Passenger Drones Market, 2026 - Key Players are Ehang, Volocopter GmbH, AeroMobil, Joby Aviation, Uber Technologies Inc., Boeing, Airbus S.A.S., Astro Aerospace, Cartivator, Lilium, and Terrafugia.
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.
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The global passenger drones market is projected 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. The report 'Passenger Drones Market Share, Size, Trends, & Industry 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' provides an extensive analysis of present market dynamics and predicted future trends. 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.
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.
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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Table of Contents
1. Overview and Scope
1.1. Research goal & scope
1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Passenger Drones Market Insights
3.1. Passenger Drones ? Industry snapshot
3.2. Passenger Drones - Ecosystem analysis
3.3. Passenger Drones Market Dynamics
3.3.1. Passenger Drones ? Market Forces
18.104.22.168. Passenger Drones Market Driver Analysis
22.214.171.124. Passenger Drones Market Restraint/Challenges analysis
126.96.36.199. Passenger Drones Market Opportunity Analysis
3.4. Industry analysis - Porter's five force
3.4.1. Bargaining power of supplier
3.4.2. Bargaining power of buyer
3.4.3. Threat of substitute
3.4.4. Threat of new entrant
3.4.5. Degree of competition
3.5. Passenger Drones Market PEST Analysis
3.6. Passenger Drones Market Value Chain Analysis
3.7. Passenger Drones Industry Trends
3.8. Competitive Ranking Analysis
4. Passenger Drones Market Size and Forecast, 2015-2026 by Component
4.1. Key Findings
5. Passenger Drones Market Size and Forecast, 2015-2026 by Capacity
5.1. Key Findings
5.2. Less than 100 kg
5.3. More than 100 kg
6. Passenger Drones Market Size and Forecast, 2015-2026 by End-User
6.1. Key Findings
7. Passenger Drones Market Size and Forecast, 2015-2026 by Region
7.1. Key Findings
7.2. North America
7.3.5. Rest of Europe
7.4.4. Rest of Asia-Pacific
7.5. Latin America
7.6. Middle East & Africa
8. Company Profiles
8.1.3. Product Benchmarking
8.1.4. Recent Developments
8.2. Volocopter GmbH
8.2.3. Product Benchmarking
8.2.4. Recent Developments
8.3.3. Product Benchmarking
8.3.4. Recent Developments
8.4. Joby Aviation
8.4.3. Product Benchmarking
8.4.4. Recent Developments
8.5. Uber Technologies Inc.
8.5.3. Product Benchmarking
8.5.4. Recent Developments
8.6.3. Product Benchmarking
8.6.4. Recent Developments
8.7. Airbus S.A.S.
8.7.3. Product Benchmarking
8.7.4. Recent Developments
8.8. Astro Aerospace
8.8.3. Product Benchmarking
8.8.4. Recent Developments
8.9.3. Product Benchmarking
8.9.4. Recent Developments
8.10.3. Product Benchmarking
8.10.4. Recent Developments
8.11.3. Product Benchmarking
8.11.4. Recent Developments
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