Passenger Drones Market Projected to Hit USD 8.69 Billion at a 28.2% CAGR by 2032 | PMR

Global Passenger Drones Market size and share is currently valued at USD 0.93 billion in 2023 and is anticipated to generate an estimated revenue of USD 8.69 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 28.2%Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032

𝐄𝐱𝐩𝐥𝐨𝐫𝐞 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/passenger-drones-market/request-for-sample

Passenger Drones Market Share, Size, Trends & Analysis Report, By Component (Hardware, Software, Services), Capacity (Less than 100 kg, More than 100 kg), End-User (Personal, Commercial), Region, Segment Forecast, 2024 - 2032. This report provides a thorough understanding of market shares, size, current trends, and sales value.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬:

Global participants are penetrating into new regions to develop their client base and maintain their dominance in the global passenger drones market. The major participants in the market are:

• Ehang
• Volocopter GmbH
• AeroMobil
• Joby Aviation
• Uber Technologies Inc.
• Boeing
• Airbus S.A.S.
• Astro Aerospace
• Cartivator
• Lilium
• Terrafugia

𝐁𝐮𝐲 𝐭𝐡𝐢𝐬 𝐏𝐫𝐞𝐦𝐢𝐮𝐦 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/buy/364/2

𝐌𝐚𝐫𝐤𝐞𝐭 𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧:

𝐁𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭

• Hardware
• Software
• Services

𝐁𝐲 𝐂𝐚𝐩𝐚𝐜𝐢𝐭𝐲

• Less than 100 kg
• More than 100 kg

𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐭𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧:

A passenger drone is an autonomous aircraft meant to transport a limited number of passengers to their destination. There are multiple levels at which it is possible to differentiate between various aerial platforms used to transport humans. The first level determines whether they are manned/piloted or unmanned. All drones meant to transport passengers but not piloted are passenger drones. It's worth mentioning that while many platforms want to run autonomously in the future, they're now manned. The key to this change is complete automation. Once totally autonomous solutions have been created and certified to meet aviation regulations, passenger drones will be able to transport people without the need for a pilot, ushering in a new era of air travel.

𝐂𝐥𝐢𝐜𝐤 𝐡𝐞𝐫𝐞 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐅𝐮𝐥𝐥 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.polarismarketresearch.com/industry-analysis/passenger-drones-market

𝐊𝐞𝐲 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭:

● The global passenger drones market was valued at USD 0.93 billion in 2023 and is expected to grow to USD 8.69 billion by 2032.

● The market is expected to expand at a CAGR of 28.2% during the forecast period from 2024 to 2032.

● The global passenger drone market is mainly segmented by component, capacity, end-user, and region.

● In 2018, the European region held the largest market share owing to the presence of key players, technical advances, and the growing demand for efficient travel.

𝐆𝐫𝐨𝐰𝐭𝐡 𝐅𝐚𝐜𝐭𝐨𝐫𝐬:

The growing urban population and demand for cheaper, faster, and greener transportation have propelled the expansion of the passenger drones industry. The expanding urban population and their desire to escape traffic congestion are projected to boost the market during the forecast period. Over the estimated period, the passenger drone market will develop because of an increase in global demand for sophisticated technologies that cut emissions and improve energy efficiency.

𝐃𝐢𝐬𝐜𝐨𝐯𝐞𝐫 𝐀𝐝𝐝𝐢𝐭𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐛𝐲 𝐄𝐱𝐩𝐥𝐨𝐫𝐢𝐧𝐠 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

𝐀𝐠𝐫𝐢𝐜𝐮𝐥𝐭𝐮𝐫𝐞 𝐃𝐫𝐨𝐧𝐞𝐬 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/agriculture-drones-market

𝐒𝐦𝐚𝐫𝐭 𝐅𝐥𝐞𝐞𝐭 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/smart-fleet-management-market

𝐅𝐥𝐨𝐨𝐫𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/flooring-market

𝐇𝐢𝐠𝐡 𝐓𝐞𝐦𝐩𝐞𝐫𝐚𝐭𝐮𝐫𝐞 𝐈𝐧𝐬𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/global-high-temperature-insulation-market

𝐈𝐧𝐬𝐮𝐥𝐚𝐭𝐢𝐨𝐧 𝐌𝐚𝐫𝐤𝐞𝐭: https://www.polarismarketresearch.com/industry-analysis/global-insulation-market

𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐈𝐧𝐟𝐨:

Polaris Market Research
30 Wall Street, 8th Floor,
New York City, NY 10005,
United States
Phone:+1-929 297-9727
Email: sales@polarismarketresearch.com

𝐀𝐛𝐨𝐮𝐭 𝐔𝐬:

Polaris Market Research is a worldwide market research and consulting organization. We give unmatched nature of offering to our customers present all around the globe across industry verticals. Polaris Market Research has expertise in giving deep-dive market insight along with market intelligence to our customers spread crosswise over various undertakings. We at Polaris are obliged to serve our different client base present over the enterprises of medicinal services, healthcare, innovation, next-gen technologies, semi-conductors, chemicals, automotive, and aerospace & defence, among different ventures present globally.

This release was published on openPR.