Global Drone Taxi Market 2021-2027

Global Drone Taxi Market Size, Share & Trends Analysis Report By Autonomy (Remotely Piloted, Fully Automated), By Propulsion Type (Fully Electric, Hybrid, Electric Hydrogen), By End-user (Ride-Sharing Companies, Scheduled Operators, Hospital and Medical Agencies), By Range (Intracity, Intercity) Forecast Period, 2021-2027 

The global drone taxi market is expected to witness optimal growth during the forecast period (2021-2027).  The key aspect that drives the growth of the market includes the smart city initiatives that have spurred opportunities for technology vendors. Government and key companies are investing in developing urban infrastructure design and development. For instance, in May 2021, Osaka city will undertake the development of vertiports and infrastructure for drone delivery services, including urban air mobility. On the other hand, COVID-19 had impacted the drone taxi market. The pandemic affected the supply chain and logistics operations of the companies worldwide.  

The global drone taxi market is segmented based on autonomy, propulsion type, end-user, and range. Based on autonomy, the market is segmented into remotely piloted and fully automated. Among the autonomy, the remotely piloted segment is expected to have a considerable share in the market during the forecast period. Based on propulsion type, the market is segmented into fully electric, hybrid, and electric hydrogen. Based on end-user, the market is segmented into ride-sharing companies, scheduled operators, and hospital and medical agencies. Among the end-user, the ride-sharing segment of the market is expected to grow at a significant rate during the forecast period. Based on the range, the market is segmented into intracity and intercity. 

Geographically, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific region is projected to hold a significant market share. China, India, Japan, and the Rest of the Asia-Pacific are the major economies primarily contributing to the growth of the drone taxi market in the region. The regional growth of the market is accredited to the increasing rising disposable income in the economies such as China and India coupled with government initiatives to reduce carbon emissions. North America is expected to witness significant growth during the forecast period. Potential investments in automotive and transportation and potential innovations in the drone sector are some of the key factors driving the growth of the regional market. 

Further, Airbus SE, Boeing, Joby Aero Inc., Lilium GmbH, and among others are some of the prominent players operating in the market. Initiatives along with competitive pricing may support an increase in market share during the forecast period. The manufacturers are extensively investing in new technologies. Moreover, new launches & developments, partnerships, agreements, and acquisitions are some of the growth strategies adopted by the players to sustain in the highly competitive market. For instance, in January 2020, Uber and Hyundai Motor Co. announced a new partnership to develop uber air taxis for a future aerial rideshare network. Hyundai is the first automotive company to join the Uber Elevate initiative, bringing automotive-scale manufacturing capability and a track record of mass-producing electric vehicles. 

Research Methodology

The market study of the global drone taxi market is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to break down the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. The team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.

Secondary Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research papers, and news blogs
• Company websites and their product catalog

The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Drone Taxi Market Research and Analysis by Autonomy
2. Global Drone Taxi Market Research and Analysis by Propulsion Type
3. Global Drone Taxi Market Research and Analysis by End-User
4. Global Drone Taxi Market Research and Analysis by Range

The Report Covers

• Comprehensive research methodology of the global drone taxi market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the global drone taxi market.
• Insights about market determinants that are stimulating the global drone taxi market.
• Detailed and extensive market segments with regional distribution of forecast revenues.
• Extensive profiles and recent developments of the market player.