Passenger Drones Market Overview
Passenger drones have proven to be a new and safe form of transportation, a time-saving solution for traffic congestion, and a way to reduce hazardous emissions and pollution. The global Passenger Drones market is projected to grow at a considerable rate in the forecast period. Several factors are majorly contributing towards the growth of the market these are increased urbanization in many countries around the world, increasing traffic congestion, and overcrowded roads. Furthermore, rapid technological advancements, a real drop in the cost of manufacturing, and using drones for civilian purposes are other key aspects that support the growth of the global Passenger Drones market.
On the downside, the inability of current passenger drones to stay airborne for long periods, concerns about passenger drone safety, a lack of global regulation to support the industry, a lack of supporting infrastructure, a lack of a comprehensive plan to manage existing air traffic, and a shortage of skilled pilots who can fly these drones are some factors that restrain the growth of the market.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Component, Capacity, Application, Rotor, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Aeromobil, Airbus SAS, Cartivator, EHANG, Joby Aviation, Lilium, Terrafugia, Boeing, Uber Technologies inc, Velocopter Gmbh. |
Covid-19 Impact on Passenger Drones Market
As the COVID-19 pandemic continuing its effect around the world, many defense and aerospace companies are facing its impact during this time around the world. For instance, commercial aviation companies in the U.S., France, Germany, and Canada are facing disruption in the production process and reduced demand as workforces staying at home, passengers stop traveling, and delay in delivery of new aircraft. Analysts expecting a drop from 3,000 to 4,000 aircraft during the pandemic period. On the defense side, contractors operating in the sector are in a better position, hence the impact of the pandemic is likely low in the short to mid-term. However, low demand due to budget constraints affecting the production as in aircraft manufacturing.
Passenger Drones Market Segment Overview
Based on Application, the Commercial segment is expected to grasps the largest share in the market. Whereas, the Personal segment will grow serially in the coming years. In addition to this, many countries are eager to make their roads safer by reducing the number of automobiles on the road. They also want to alleviate the never-ending agony of protracted traffic jams and traffic congestion that can last for miles. Finally, governments all over the world are concerned about air quality and are looking for ways to minimize overall vehicle emissions into the environment. All of these elements are opening up new markets and prospects for passenger drones.
Passenger Drones Market, By Component
· Airframe
· Controller System
· Navigation System
· Propulsion System
· Others
Passenger Drones Market, By Capacity
· Up To 100 Kg
· Over 100 Kg
Passenger Drones Market, By Application
· Commercial
· Personal
Passenger Drones Market, By Rotor
· Less Than 10
· More Than 10
Passenger Drones Market Regional Overview
In terms of region, Europe is one of the most prominent regions for the global Passenger Drones market. The large number of drones that are present in many European countries, this key fact rises the growth of the market in this region. Another major reason for high growth in this region is the large concentration of drone manufacturers. Similarly, North America is another major region for the market. The large demand for drones from the general population is one of the main factors that boost the growth of the market. further, the presence of strategic companies is also supported for the market development in this region. The market in the Asia-Pacific region is expected to rise at a considerable rate in the forthcoming period. Most of the demand for drones comes from three countries. These are China, Japan, and South Korea.
Passenger Drones Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, Russia & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Passenger Drones Market, Key Players
· Aeromobil
· Airbus SAS
· Cartivator
· EHANG
· Joby Aviation
· Lilium
· Terrafugia
· Boeing
· Uber Technologies inc
· Velocopter Gmbh
Frequently Asked Questions (FAQ) :
Q1. What are the driving factors for the Passenger Drones market?
The increased urbanization in many countries around the world, increasing traffic congestion, and overcrowded roads are some key factors that boost the growth of the Passenger Drones market.
Q2. What are the restraining factors for the Passenger Drones market?
The inability of current passenger drones to stay airborne for long periods, concerns about passenger drone safety, a lack of global regulation to support the industry, a lack of supporting infrastructure are the key factor hindering the growth of the market.
Q3. Which Segments are covered in the Passenger Drones market report?
Component, Capacity, Application, Rotor, and Region, these segments are covered in the Passenger Drones market report.
Q4. Which segment is projected to hold the largest share in the Passenger Drones Market?
The Commercial segment is projected to hold the largest share in the Passenger Drones Market.
Q5. Which are the prominent players in the Passenger Drones Market?
Aeromobil, Airbus SAS, Cartivator, EHANG, Joby Aviation, Lilium, Terrafugia, Boeing, Uber Technologies inc, Velocopter Gmbh. are some key players in the Passenger Drones Market.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Passenger Drones Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Component
- 5.2.1. Airframe
- 5.2.2. Controller System
- 5.2.3. Navigation System
- 5.2.4. Propulsion System
- 5.2.5. Others
- 5.3. Market Analysis, Insights and Forecast – By Capacity
- 5.3.1. Up To 100 Kg
- 5.3.2. Over 100 Kg
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Commercial
- 5.4.2. Personal
- 5.5. Market Analysis, Insights and Forecast – By Rotor
- 5.5.1. Less Than 10
- 5.5.2. More Than 10
- 5.6. Market Analysis, Insights and Forecast – By Region
- 5.6.1. North America
- 5.6.2. Europe
- 5.6.3. Asia Pacific
- 5.6.4. Latin America, Middle East and Africa
6. North America Passenger Drones Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Component
- 6.2.1. Airframe
- 6.2.2. Controller System
- 6.2.3. Navigation System
- 6.2.4. Propulsion System
- 6.2.5. Others
- 6.3. Market Analysis, Insights and Forecast – By Capacity
- 6.3.1. Up To 100 Kg
- 6.3.2. Over 100 Kg
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Commercial
- 6.4.2. Personal
- 6.5. Market Analysis, Insights and Forecast – By Rotor
- 6.5.1. Less Than 10
- 6.5.2. More Than 10
- 6.6. Market Analysis, Insights and Forecast – By Country
- 6.6.1. U.S.
- 6.6.2. Canada
7. Europe Passenger Drones Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Component
- 7.2.1. Airframe
- 7.2.2. Controller System
- 7.2.3. Navigation System
- 7.2.4. Propulsion System
- 7.2.5. Others
- 7.3. Market Analysis, Insights and Forecast – By Capacity
- 7.3.1. Up To 100 Kg
- 7.3.2. Over 100 Kg
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Commercial
- 7.4.2. Personal
- 7.5. Market Analysis, Insights and Forecast – By Rotor
- 7.5.1. Less Than 10
- 7.5.2. More Than 10
- 7.6. Market Analysis, Insights and Forecast – By Country
- 7.6.1. UK
- 7.6.2. Germany
- 7.6.3. France
- 7.6.4. Italy
- 7.6.5. Spain
- 7.6.6. Russia
- 7.6.7. Rest of Europe
8. Asia Pacific Passenger Drones Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Component
- 8.2.1. Airframe
- 8.2.2. Controller System
- 8.2.3. Navigation System
- 8.2.4. Propulsion System
- 8.2.5. Others
- 8.3. Market Analysis, Insights and Forecast – By Capacity
- 8.3.1. Up To 100 Kg
- 8.3.2. Over 100 Kg
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Commercial
- 8.4.2. Personal
- 8.5. Market Analysis, Insights and Forecast – By Rotor
- 8.5.1. Less Than 10
- 8.5.2. More Than 10
- 8.6. Market Analysis, Insights and Forecast – By Country
- 8.6.1. China
- 8.6.2. India
- 8.6.3. Japan
- 8.6.4. Australia
- 8.6.5. South East Asia
- 8.6.6. Rest of Asia Pacific
9. Latin America, Middle East and Africa Passenger Drones Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Component
- 9.2.1. Airframe
- 9.2.2. Controller System
- 9.2.3. Navigation System
- 9.2.4. Propulsion System
- 9.2.5. Others
- 9.3. Market Analysis, Insights and Forecast – By Capacity
- 9.3.1. Up To 100 Kg
- 9.3.2. Over 100 Kg
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Commercial
- 9.4.2. Personal
- 9.5. Market Analysis, Insights and Forecast – By Rotor
- 9.5.1. Less Than 10
- 9.5.2. More Than 10
- 9.6. Market Analysis, Insights and Forecast – By Country
- 9.6.1. Brazil
- 9.6.2. Saudi Arabia
- 9.6.3. UAE
- 9.6.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Aeromobil
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Airbus SAS
- 10.6. Cartivator
- 10.7. EHANG
- 10.8. Joby Aviation
- 10.9. Lilium
- 10.10. Terrafugia
- 10.11. Boeing
- 10.12. Uber Technologies inc
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
