Drone Taxi Market is anticipated to witness a promising growth of 70.3% during the forecast period till 2029 | Size & Global Industry Forecast

The Drone Taxi Market is expected to Grow at a higher CAGR of 70.3% during the forecast period, 2022-2029.

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The factors driving growth of the Drone Taxi Market includes development of vertiports and infrastructure for drone delivery services, rising focus on reducing traffic congestion, increasing number of smart city projects around the world, growing demand for autonomous air ambulance vehicles and improvements in the living standards. Moreover, Government initiatives to develop pollution free travel transportation systems, deployment of autonomous aircrafts for intracity transportation, growing adoption of advanced technologies and rapid urbanization, are some of the additional factors supplementing the Drone Taxi Market share. In addition, the increasing investments by major corporations on research and development, strategic alliances between companies and growing disposable incomes, are further propelling the Drone Taxi Market size.

However, growth of the Drone Taxi Market is hindered attributed to rising concerns related to cybersecurity.

The major players operating in the Drone Taxi Market includes Opener, SkyDrive Inc., EHang, LILIUM GMBH, Textron Inc, Karem Aircraft, Inc., Airbus, Volocopter GmbH, Joby Aviation and Boeing, among others.

Based on Range, the Intracity emerged as the fastest growing segment during the forecast period

Intracity drone taxi services are useful for on-demand transportation between within core urban areas and suburban destinations outside cities, is propelling growth of the segment.

Based on End-Use Industry, the Ride Sharing Companies segment is projected to grow at a significant CAGR over the forecast period

Goring demand for faster transportation services and increase in the number of taxi service operators, are pushing growth of the segment.

Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period

As per the Drone Taxi Market Trend, presence of the leading players such as Textron Inc, Joby Aviation, and Boeing, increase in the construction of smart cities across United States and Canada, rising population growth rates and high per capita incomes, are some of the important factors augmenting the market growth in the North American region.

Key Developments

In 2021, EHang and Spanish National Police partnered to explore potential use cases for AAV in emergency and security mission.
In 2021, Joby Aviation and NASA partnered to measure noise footprint of electric taxi by gathering highly valuable aircraft safety and noise data that will contribute towards an aviation future that include Advanced Air Mobility operations.

Market Segmentation

Segmentation by Range

Intercity
Intracity

Segmentation by Autonomy

Fully Autonomous
Remotely Piloted

Segmentation by Passenger Capacity

Up to 2
3 to 5
More than 5

Segmentation by End-Use Industry

Ride Sharing Companies
Healthcare
Scheduled Operators
Private Operators

Segmentation by Region

Asia Pacific
China
Japan
India
Rest of APAC

North America
United States of America
Canada

Europe
United Kingdom
Germany
France
Spain
Rest of Europe

RoW
Brazil
South Africa
Saudi Arabia
UAE

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