Press release
Passenger Drones Market Growth Analysis 2026 By Top Key Players- Volocopter GmbH, AeroMobil, Joby Aviation, Boeing, Airbus, Lilium
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 published by The marker research report. The report 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.
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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 marker research report has segmented the global passenger drones market on the basis of component, capacity, end user and region:
Passenger Drones Component Outlook
o Hardware
o Software
o Services
Passenger Drones Capacity Outlook
o Less than 100 kg
o More than 100 kg
Passenger Drones End-User Outlook
o Personal
o Commercial
Passenger Drones Regional Outlook
o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East & Africa
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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.
Key Players in the market
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.
Related Report:
Global Protonic Ceramic Fuel Cell (PCFC) Market Growth 2020-2025
According to this study, over the next five years the Protonic Ceramic Fuel Cell (PCFC) market will register a 39.9% CAGR in terms of revenue, the global market size will reach $ 3561.4 million by 2025, from $ 930.6 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Protonic Ceramic Fuel Cell (PCFC) business.
https://www.marketstudyreport.com/reports/global-protonic-ceramic-fuel-cell-pcfc-market-growth-2020-2025?utm_source=Openpr.com&utm_medium=TS
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