Drone Taxi Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented By Passenger Capacity (Up to 2, 3 to 5, More than 5), By Propulsion Type (Electric, Hybrid, Electric Hydrogen), By Range Type (Intercity, Intracity), By Region, By Competition Forecast

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Summary

Report Description

Forecast Period

2024-2028

Market Size (2022)

USD 23 Million

CAGR (2023-2028)

9.8%

Fastest Growing Segment

Electric Propulsion

Largest Market

North America


Market Overview

Global Drone Taxi Market has valued at USD 23 million in 2022 and is anticipated to project robust growth in the forecast period with a CAGR of 9.8% through 2028. The global drone taxi market has been rapidly evolving, with transformative technological advancements and a shifting urban mobility landscape driving its growth. As of the latest available data, this market segment represents a compelling glimpse into the future of transportation, with the potential to revolutionize urban commuting. In this comprehensive market overview, we will explore key trends, drivers, challenges, and opportunities that define the global drone taxi market.

The concept of drone taxis, also known as urban air mobility (UAM), has gained significant attention in recent years as cities grapple with worsening traffic congestion and the need for more efficient transportation solutions. Drone taxis represent a novel approach to urban mobility, offering the promise of faster, congestion-free travel within urban environments. These electric vertical takeoff and landing (eVTOL) vehicles have the potential to reduce commuting times, ease traffic congestion, and decrease carbon emissions, aligning with the global push towards sustainable transportation solutions. Several key factors are driving the growth of the global drone taxi market. Firstly, the worsening traffic congestion in urban areas has created a compelling need for alternative modes of transportation. Drone taxis, with their ability to bypass ground-level congestion, offer a promising solution to this challenge. They are envisioned to provide rapid point-to-point travel, significantly reducing commute times.

Key Market Drivers

Urban Congestion Relief

One of the primary drivers propelling the global drone taxi market is the escalating problem of urban traffic congestion. Many cities around the world are grappling with ever-increasing traffic volumes, resulting in longer commute times, decreased productivity, and increased environmental pollution. Drone taxis offer a compelling solution to this issue by taking to the skies. By bypassing ground-level traffic, these electric vertical takeoff and landing (eVTOL) vehicles promise faster and more efficient point-to-point travel within urban areas. As cities continue to grow and traditional transportation systems struggle to cope, the demand for drone taxis as a congestion-relief measure is set to surge.

Sustainable Mobility

Sustainability has become a paramount concern in today's world, with a strong focus on reducing greenhouse gas emissions and combating climate change. The transportation sector is a significant contributor to emissions, and this has sparked a growing interest in eco-friendly mobility solutions. Drone taxis align with this sustainability drive as they are typically electrically powered, producing zero emissions during flight. This eco-friendly aspect makes them an attractive mode of transportation for environmentally conscious governments, businesses, and consumers alike. As sustainability remains a central theme in transportation discussions, the demand for green, aerial mobility solutions like drone taxis is expected to rise.

Advancements in Technology

The continuous evolution of technology has been a pivotal drive behind the growth of the drone taxi market. Significant advancements in electric propulsion systems, battery technology, and autonomous flight control have made eVTOL vehicles more feasible, reliable, and cost-effective. These technological breakthroughs have improved the performance and safety of drone taxis, making them a practical and competitive mode of transportation. Enhanced battery capabilities, for instance, enable longer flight times, while sophisticated autonomous systems ensure safe and efficient navigation. As technology continues to advance, the capabilities and attractiveness of drone taxis are poised to expand, further boosting market growth.

Increasing Urbanization

The global trend of urbanization, with more people flocking to cities in search of better opportunities, has led to higher population densities in urban areas. As a result, traffic congestion has become a pressing issue in many metropolitan regions. Drone taxis are uniquely positioned to address this challenge. They can efficiently navigate densely populated urban environments, offering a direct and convenient means of transportation within city centers. As urbanization continues to reshape the world's demographics, the demand for efficient urban mobility solutions like drone taxis is set to surge.

Rising Demand for Time Efficiency

In today's fast-paced world, time is an invaluable resource. Commuters and businesses alike are increasingly valuing efficiency in their daily activities. Drone taxis hold the promise of substantial time savings by providing rapid and direct transportation. By circumventing the delays and bottlenecks associated with traditional ground-based transportation, drone taxis cater to the growing demand for time-efficient travel. Whether it's for daily commutes or time-sensitive business engagements, the ability to reach destinations quickly and efficiently is a compelling driver for the adoption of drone taxis.

Government Support and Regulatory Framework

Many governments and regulatory bodies worldwide are actively supporting the development and deployment of drone taxis. They recognize the potential benefits that drone taxis offer, including reduced traffic congestion, improved air quality, and economic growth through technological innovation. Establishing clear and favorable regulatory frameworks and guidelines for drone taxi operations is essential to ensure their safe integration into urban airspace. Many countries are actively working on creating a conducive environment for industry to thrive, including initiatives to streamline certification processes and airspace management.

Increased Investment and Industry Collaboration

The drone taxi market has attracted substantial investment from a wide range of players, including traditional automotive and aerospace giants as well as innovative startups. This influx of capital has accelerated research, development, and deployment efforts, leading to the rapid advancement of eVTOL technology. Additionally, industry collaboration is a significant driver. Vehicle manufacturers, technology companies, aviation experts, and urban planners are joining forces to bring diverse expertise together, driving innovation and addressing the multifaceted technical challenges associated with drone taxis. This collaborative approach not only accelerates market entry but also ensures that the technology matures rapidly, further propelling the drone taxi market forward.

 

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Key Market Challenges

Regulatory Hurdles:

The drone taxi industry faces a myriad of regulatory challenges. One of the foremost issues is the integration of these autonomous aerial vehicles into existing airspace systems. Regulatory bodies worldwide need to establish clear and harmonized guidelines for airspace sharing between conventional aircraft and drone taxis to ensure safe coexistence. Moreover, defining robust certification processes and safety standards is crucial. Authorities must thoroughly evaluate the reliability and safety of drone taxi technologies, including their autonomous systems, to instill public confidence and guarantee passenger safety.

Safety and Security Concerns:

Safety remains a paramount concern in the drone taxi market. These vehicles must possess sophisticated collision avoidance systems to prevent accidents. This entails the development of advanced sensor technologies and algorithms that enable drones to detect and navigate around obstacles, be they other aircraft, buildings, or natural obstacles. Additionally, cybersecurity is a vital aspect. Ensuring the protection of drone taxi systems from cyber threats is essential to safeguard passenger data and prevent potential hacking incidents that could compromise safety.

Infrastructure Development:

Establishing the necessary infrastructure for drone taxi operations poses a substantial challenge. This includes the creation of dedicated take-off and landing zones, charging or refueling stations, and maintenance facilities. Building this infrastructure within urban environments is particularly complex, requiring significant investments in physical and digital infrastructure, zoning regulations, and land use planning.

Technological Advancements:

While advancements in drone technology are a market driver, they can also pose challenges. Rapid technological progress necessitates continuous updates and maintenance, which can be expensive. Moreover, staying competitive in a rapidly evolving tech landscape requires substantial investment in research and development to keep pace with competitors and satisfy consumer demands for safer, more efficient, and more sustainable drone taxi options.

Public Perception and Acceptance:

Gaining public acceptance and trust in drone taxi services is an ongoing challenge. Overcoming skepticism and apprehension about the safety and reliability of autonomous aerial transport is crucial for market growth. This involves comprehensive education and awareness campaigns, transparent safety demonstrations, and successful pilot programs to showcase the technology's feasibility and safety.

Economic Viability:

Achieving economic viability is another challenge. Initial development and operational costs can be high, and it may take time for companies to break even and generate profits. Pricing models must strike a balance between affordability for consumers and profitability for operators. Regulatory support and incentives could play a significant role in addressing this challenge.

Competition and Market Saturation:

As the drone taxi market gains momentum, competition is intensifying. Numerous companies are entering the space, vying for market share. This leads to concerns about market saturation and the potential for consolidation, as not all players may survive in a crowded field. Differentiating their offerings, securing partnerships, and effective scaling operations will be critical for long-term success in this competitive landscape.

Key Market Trends

Urban Air Mobility (UAM) Integration:

Urban Air Mobility is a prominent trend in the drone taxi market. As cities become more congested and air travel technology advances, UAM aims to provide efficient, on-demand aerial transportation within urban environments. This trend involves not only the development of drone taxis but also the creation of infrastructure like vertiports and air traffic management systems to support these services. As urbanization continues, UAM represents a compelling solution to alleviate traffic congestion and reduce travel times, which is driving substantial investment and innovation in the sector.

Autonomous Flight Capabilities:

Autonomous flight is a central trend in the drone taxi market. The development of advanced artificial intelligence and machine learning technologies has enabled drone taxis to operate with minimal human intervention. This trend includes the integration of advanced sensors, such as LiDAR and cameras, and sophisticated algorithms for obstacle detection and collision avoidance. Autonomy not only enhances safety but also allows for the expansion of drone taxi services to areas with limited piloting expertise, contributing to market growth.

Electric and Hybrid Propulsion:

The shift towards electric and hybrid propulsion systems is a significant trend in the drone taxi market, driven by environmental concerns and sustainability goals. Electric and hybrid drone taxis produce fewer emissions and have a smaller carbon footprint compared to traditional combustion engines. With advancements in battery technology and energy efficiency, these propulsion systems are becoming increasingly viable, attracting environmentally conscious consumers and regulatory support for cleaner transportation options.

Emerging Market Players and Partnerships:

The drone taxi market is witnessing a proliferation of emerging players and strategic partnerships. Established automotive and technology companies, as well as startups, are entering the market. This trend is fostering innovation, competition, and accelerated development of drone taxi technologies. Partnerships between drone taxi companies, infrastructure providers, and government agencies are also crucial for regulatory support, infrastructure development, and market expansion.

Diverse Use Cases:

Beyond passenger transportation, drone taxis are finding applications in diverse sectors, including logistics and cargo delivery. This trend reflects the versatility of drone taxi technology, which can be adapted for various purposes, such as medical supply delivery, disaster response, and remote area access. Expanding the scope of drone taxi services beyond passenger transport is expected to drive market growth and revenue diversification.

Global Market Expansion:

The drone taxi market is expanding globally, with companies exploring opportunities in different regions. This trend is driven by the increasing urbanization and transportation challenges faced by cities worldwide. Various countries are actively piloting drone taxi services and creating regulatory frameworks to support their operation. As more regions embrace this technology, the market is experiencing exponential growth and diversification.

Consumer Acceptance and Integration:

A growing trend is the gradual acceptance of drone taxi services by consumers. As more pilot programs and demonstrations prove the safety and reliability of these vehicles, public perception is evolving positively. This trend is vital for market growth as consumer acceptance paves the way for broader adoption. The seamless integration of drone taxis into existing transportation networks, including ride-sharing platforms and urban planning initiatives, is also a part of this trend, making aerial mobility an integral component of future urban transportation systems.

Segmental Insights

Propulsion Type Analysis

During the forecast period, the completely electric segment revenue is predicted to grow at a high rate in the worldwide drone taxi market. The worldwide drone taxi industry is classified as hybrid, completely electric, and others based on propulsion type. The completely electric sector is predicted to dominate in terms of revenue share over the forecast period due to increased demand for converting fuel-infused transportation into totally electric solutions to mitigate the impact of the worldwide environmental crisis. Fully electric drone taxi models can offer a variety of advantages, including high performance with minimal heat production and low to no air pollution transportation, which will drive revenue development in this category.

Range Type Analysis

In 2021, the intracity sector accounted for the most revenue share in the worldwide drone taxi industry. The worldwide drone taxi market is divided into intracity, and intercity segments based on range. In 2021, the intracity category generated the most income. The primary motivation for drone taxi market participants has been the development of intracity services for air travel within key metropolitan areas and suburban sites outside or surrounding cities. Furthermore, there is a growing demand for intracity drone taxis, which are projected to help reduce travel time gaps within cities. Furthermore, increased innovation and the debut of drone services in emerging nations are projected to propel this segment's growth. Uber, for example, debuted Uber copter in New York City on June 5, 2019.

Regional Insights

Due to significant economic growth, increasing demand for drone taxis, expanding urbanization, and population expansion, the North America market will account for the biggest revenue share in 2021. Rising passenger drone development in this area is likely to fuel market growth during the forecast period. For example, on January 8, 2020, EHang performed its first public demonstration of an autonomous air taxi in North America. Ehang flew EHang 216 in front of the North Carolina State Highway Patrol facility/aviation hangar in Raleigh, and it was the first time Ehuang 216 got flying permission from the Federal Aviation Administration (FAA).

In 2021, the Asia Pacific market will account for the second-largest revenue share. The region's growing population and increased traffic congestion are driving up demand for speedier forms of transport, which is likely to boost market revenue growth. Furthermore, increased activities by government organizations in taxi drone research and development are fuelling market expansion. For example, on April 4, 2021, Korea's Ministry of Land, Infrastructure, and Transport published the most recent edition of its Urban Air Mobility (UAM) roadmap, which now includes commercialization ambitions. The new roadmap paper divides the market chronology into three sections: 2025 to 2029, 2030 to 2034, and 2035 and beyond.

In 2021, Europe had the third-largest revenue share. Various enterprises and government agencies are embracing newer technology, such as completely electric and autonomous drone taxi services, which are propelling the drone taxi industry in this region. Several metropolitan communities, for example, have signed on to the Communities' metropolitan Air Mobility (UAM) Initiative, which is part of the European Innovation Partnership on Smart Cities and Communities (EIP-SCC). The program's purpose is to develop a commercial potential for metropolitan air mobility. According to the European Union Aviation Safety Agency (EASA), drone taxis and ambulances might be a reality in European airspace by 2026.

Recent Developments

  • Guangzhou Ehang Intelligent Technology Co., Ltd. launched an electric passenger-grade autonomous aerial vehicle in September 2021 with the goal of providing security, autonomous pilot solutions, and Al control and command centre with eco-friendly and low-altitude autonomous passenger vehicles. The firm will provide short and medium-distance travel alternatives for future modes of transportation through this launch.
  • Velocopter GmbH reported its success on Production Organisation Approval (POA) in compliance with the European Union Aviation Safety Agency in July 2021. Velocopter GmbH has gained a reliable partner in technological research and production. Volocopter is now the only electric Vertical Take-Off and Landing (eVTOL) firm active in both manufacturing, design, and organisation approvals, with the goal of providing a competitive race to bring drone taxis into the transportation sector.
  • Airbus SE revealed intentions to launch a new City Airbus in 2021, when the Urban Air Mobility (UAM) industry begins to emerge. This innovative city airbus will be all-electric, with fixed wings and eight electrically driven propellers. It is primarily intended to transport four people using zero-emission aircraft, therefore delivering a safe, sustainable, and completely integrated service.
  • Lilium reached a binding deal in March 2021 with Qell Acquisition Corp, an acquisition firm that invests in high-growth enterprises. The partnership will help Lilium establish itself as a regional leader in electric air transportation and expand the market for the 7-seat Lilium jet.
  • Joby announced in December 2020 that Uber Technologies Inc. has agreed to invest an additional USD 75 million in the company as part of a larger transaction involving the acquisition of Uber Elevate by Joby and an extended cooperation between the two parent firms. This investment supplements a USD 50 million investment made as part of Joby's Series C funding transaction in January 2020.

Key Market Players

  • LIFT Aircraft Inc.
  • Airbus
  • Aloft Aviation
  • Boeing
  • EHang
  • Joby Aviation
  • Karen Airecraft, Inc.
  • Lilium
  • Moog Inc.
  • Opener

 By Passenger Capacity  

By Propulsion Type

By Range Type

By Region
  • Up to 2
  • 3 to 5
  • More than 5
  • Electric
  • Hybrid
  • Electric Hydrogen
  • Intercity
  • Intracity
  • North America
  • Europe & CIS
  • Asia Pacific
  • South America
  • Middle East & Africa

Report Scope:

In this report, the Global Drone Taxi Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Drone Taxi Market, By Passenger Capacity:

o   Up to 2

o   3 to 5

o   More than 5

  • Drone Taxi Market, By Propulsion Type:

o   Electric

o   Hybrid

o   Electric Hydrogen

  • Drone Taxi Market, By Range Type:

o   Intercity

o   Intracity

  • Drone Taxi Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe & CIS

§  Germany

§  Spain

§  France

§  Russia

§  Italy

§  United Kingdom

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Indonesia

§  Thailand

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  Turkey

§  Iran

§  Saudi Arabia

§  UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Drone Taxi Market.

Available Customizations:

Global Drone Taxi Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Drone Taxi Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.     Introduction

1.1.  Market Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Impact of COVID-19 on Global Drone Taxi Market

5.    Global Drone Taxi Market Outlook

5.1.  Market Size & Forecast

5.1.1.     By Value

5.2.  Market Share & Forecast

5.2.1.     By Passenger Capacity Market Share Analysis (Up to 2, 3 to 5, More than 5)

5.2.2.     By Propulsion Type Market Share Analysis (Electric, Hybrid, Electric Hydrogen)

5.2.3.     By Range Type Market Share Analysis (Intercity, Intracity)

5.2.4.     By Regional Market Share Analysis

5.2.4.1.         Asia-Pacific Market Share Analysis

5.2.4.2.         Europe & CIS Market Share Analysis

5.2.4.3.         North America Market Share Analysis

5.2.4.4.         South America Market Share Analysis

5.2.4.5.         Middle East & Africa Market Share Analysis

5.2.5.     By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)

5.3.  Global Drone Taxi Market Mapping & Opportunity Assessment

5.3.1.     By Passenger Capacity Market Mapping & Opportunity Assessment

5.3.2.     By Propulsion Type Market Mapping & Opportunity Assessment

5.3.3.     By Range Type Market Mapping & Opportunity Assessment

5.3.4.     By Regional Market Mapping & Opportunity Assessment

6.    Asia-Pacific Drone Taxi Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Passenger Capacity Market Share Analysis

6.2.2.     By Propulsion Type Market Share Analysis

6.2.3.     By Range Type Market Share Analysis

6.2.4.     By Country Market Share Analysis

6.2.4.1.         China Market Share Analysis

6.2.4.2.         India Market Share Analysis

6.2.4.3.         Japan Market Share Analysis

6.2.4.4.         Indonesia Market Share Analysis

6.2.4.5.         Thailand Market Share Analysis

6.2.4.6.         South Korea Market Share Analysis

6.2.4.7.         Australia Market Share Analysis

6.2.4.8.         Rest of Asia-Pacific Market Share Analysis

6.3.  Asia-Pacific: Country Analysis

6.3.1.     China Drone Taxi Market Outlook

6.3.1.1.         Market Size & Forecast

6.3.1.1.1.             By Value

6.3.1.2.         Market Share & Forecast

6.3.1.2.1.             By Passenger Capacity Market Share Analysis

6.3.1.2.2.             By Propulsion Type Market Share Analysis

6.3.1.2.3.             By Range Type Market Share Analysis

6.3.2.     India Drone Taxi Market Outlook

6.3.2.1.         Market Size & Forecast

6.3.2.1.1.             By Value

6.3.2.2.         Market Share & Forecast

6.3.2.2.1.             By Passenger Capacity Market Share Analysis

6.3.2.2.2.             By Propulsion Type Market Share Analysis

6.3.2.2.3.             By Range Type Market Share Analysis

6.3.3.     Japan Drone Taxi Market Outlook

6.3.3.1.         Market Size & Forecast

6.3.3.1.1.             By Value

6.3.3.2.         Market Share & Forecast

6.3.3.2.1.             By Passenger Capacity Market Share Analysis

6.3.3.2.2.             By Propulsion Type Market Share Analysis

6.3.3.2.3.             By Range Type Market Share Analysis

6.3.4.     Indonesia Drone Taxi Market Outlook

6.3.4.1.         Market Size & Forecast

6.3.4.1.1.             By Value

6.3.4.2.         Market Share & Forecast

6.3.4.2.1.             By Passenger Capacity Market Share Analysis

6.3.4.2.2.             By Propulsion Type Market Share Analysis

6.3.4.2.3.             By Range Type Market Share Analysis

6.3.5.     Thailand Drone Taxi Market Outlook

6.3.5.1.         Market Size & Forecast

6.3.5.1.1.             By Value

6.3.5.2.         Market Share & Forecast

6.3.5.2.1.             By Passenger Capacity Market Share Analysis

6.3.5.2.2.             By Propulsion Type Market Share Analysis

6.3.5.2.3.             By Range Type Market Share Analysis

6.3.6.     South Korea Drone Taxi Market Outlook

6.3.6.1.         Market Size & Forecast

6.3.6.1.1.             By Value

6.3.6.2.         Market Share & Forecast

6.3.6.2.1.             By Passenger Capacity Market Share Analysis

6.3.6.2.2.             By Propulsion Type Market Share Analysis

6.3.6.2.3.             By Range Type Market Share Analysis

6.3.7.     Australia Drone Taxi Market Outlook

6.3.7.1.         Market Size & Forecast

6.3.7.1.1.             By Value

6.3.7.2.         Market Share & Forecast

6.3.7.2.1.             By Passenger Capacity Market Share Analysis

6.3.7.2.2.             By Propulsion Type Market Share Analysis

6.3.7.2.3.             By Range Type Market Share Analysis

7.    Europe & CIS Drone Taxi Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Passenger Capacity Market Share Analysis

7.2.2.     By Propulsion Type Market Share Analysis

7.2.3.     By Range Type Market Share Analysis

7.2.4.     By Country Market Share Analysis

7.2.4.1.         Germany Market Share Analysis

7.2.4.2.         Spain Market Share Analysis

7.2.4.3.         France Market Share Analysis

7.2.4.4.         Russia Market Share Analysis

7.2.4.5.         Italy Market Share Analysis

7.2.4.6.         United Kingdom Market Share Analysis

7.2.4.7.         Belgium Market Share Analysis

7.2.4.8.         Rest of Europe & CIS Market Share Analysis

7.3.  Europe & CIS: Country Analysis

7.3.1.     Germany Drone Taxi Market Outlook

7.3.1.1.         Market Size & Forecast

7.3.1.1.1.             By Value

7.3.1.2.         Market Share & Forecast

7.3.1.2.1.             By Passenger Capacity Market Share Analysis

7.3.1.2.2.             By Propulsion Type Market Share Analysis

7.3.1.2.3.             By Range Type Market Share Analysis

7.3.2.     Spain Drone Taxi Market Outlook

7.3.2.1.         Market Size & Forecast

7.3.2.1.1.             By Value

7.3.2.2.         Market Share & Forecast

7.3.2.2.1.             By Passenger Capacity Market Share Analysis

7.3.2.2.2.             By Propulsion Type Market Share Analysis

7.3.2.2.3.             By Range Type Market Share Analysis

7.3.3.     France Drone Taxi Market Outlook

7.3.3.1.         Market Size & Forecast

7.3.3.1.1.             By Value

7.3.3.2.         Market Share & Forecast

7.3.3.2.1.             By Passenger Capacity Market Share Analysis

7.3.3.2.2.             By Propulsion Type Market Share Analysis

7.3.3.2.3.             By Range Type Market Share Analysis

7.3.4.     Russia Drone Taxi Market Outlook

7.3.4.1.         Market Size & Forecast

7.3.4.1.1.             By Value

7.3.4.2.         Market Share & Forecast

7.3.4.2.1.             By Passenger Capacity Market Share Analysis

7.3.4.2.2.             By Propulsion Type Market Share Analysis

7.3.4.2.3.             By Range Type Market Share Analysis

7.3.5.     Italy Drone Taxi Market Outlook

7.3.5.1.         Market Size & Forecast

7.3.5.1.1.             By Value

7.3.5.2.         Market Share & Forecast

7.3.5.2.1.             By Passenger Capacity Market Share Analysis

7.3.5.2.2.             By Propulsion Type Market Share Analysis

7.3.5.2.3.             By Range Type Market Share Analysis

7.3.6.     United Kingdom Drone Taxi Market Outlook

7.3.6.1.         Market Size & Forecast

7.3.6.1.1.             By Value

7.3.6.2.         Market Share & Forecast

7.3.6.2.1.             By Passenger Capacity Market Share Analysis

7.3.6.2.2.             By Propulsion Type Market Share Analysis

7.3.6.2.3.             By Range Type Market Share Analysis

7.3.7.     Belgium Drone Taxi Market Outlook

7.3.7.1.         Market Size & Forecast

7.3.7.1.1.             By Value

7.3.7.2.         Market Share & Forecast

7.3.7.2.1.             By Passenger Capacity Market Share Analysis

7.3.7.2.2.             By Propulsion Type Market Share Analysis

7.3.7.2.3.             By Range Type Market Share Analysis

8.    North America Drone Taxi Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Passenger Capacity Market Share Analysis

8.2.2.     By Propulsion Type Market Share Analysis

8.2.3.     By Range Type Market Share Analysis

8.2.4.     By Country Market Share Analysis

8.2.4.1.         United States Market Share Analysis

8.2.4.2.         Mexico Market Share Analysis

8.2.4.3.         Canada Market Share Analysis

8.3.  North America: Country Analysis

8.3.1.     United States Drone Taxi Market Outlook

8.3.1.1.         Market Size & Forecast

8.3.1.1.1.             By Value

8.3.1.2.         Market Share & Forecast

8.3.1.2.1.             By Passenger Capacity Market Share Analysis

8.3.1.2.2.             By Propulsion Type Market Share Analysis

8.3.1.2.3.             By Range Type Market Share Analysis

8.3.2.     Mexico Drone Taxi Market Outlook

8.3.2.1.         Market Size & Forecast

8.3.2.1.1.             By Value

8.3.2.2.         Market Share & Forecast

8.3.2.2.1.             By Passenger Capacity Market Share Analysis

8.3.2.2.2.             By Propulsion Type Market Share Analysis

8.3.2.2.3.             By Range Type Market Share Analysis

8.3.3.     Canada Drone Taxi Market Outlook

8.3.3.1.         Market Size & Forecast

8.3.3.1.1.             By Value

8.3.3.2.         Market Share & Forecast

8.3.3.2.1.             By Passenger Capacity Market Share Analysis

8.3.3.2.2.             By Propulsion Type Market Share Analysis

8.3.3.2.3.             By Range Type Market Share Analysis

9.    South America Drone Taxi Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Passenger Capacity Market Share Analysis

9.2.2.     By Propulsion Type Market Share Analysis

9.2.3.     By Range Type Market Share Analysis

9.2.4.     By Country Market Share Analysis

9.2.4.1.         Brazil Market Share Analysis

9.2.4.2.         Argentina Market Share Analysis

9.2.4.3.         Colombia Market Share Analysis

9.2.4.4.         Rest of South America Market Share Analysis

9.3.  South America: Country Analysis

9.3.1.     Brazil Drone Taxi Market Outlook

9.3.1.1.         Market Size & Forecast

9.3.1.1.1.             By Value

9.3.1.2.         Market Share & Forecast

9.3.1.2.1.             By Passenger Capacity Market Share Analysis

9.3.1.2.2.             By Propulsion Type Market Share Analysis

9.3.1.2.3.             By Range Type Market Share Analysis

9.3.2.     Colombia Drone Taxi Market Outlook

9.3.2.1.         Market Size & Forecast

9.3.2.1.1.             By Value

9.3.2.2.         Market Share & Forecast

9.3.2.2.1.             By Passenger Capacity Market Share Analysis

9.3.2.2.2.             By Propulsion Type Market Share Analysis

9.3.2.2.3.             By Range Type Market Share Analysis

9.3.3.     Argentina Drone Taxi Market Outlook

9.3.3.1.         Market Size & Forecast

9.3.3.1.1.             By Value

9.3.3.2.         Market Share & Forecast

9.3.3.2.1.             By Passenger Capacity Market Share Analysis

9.3.3.2.2.             By Propulsion Type Market Share Analysis

9.3.3.2.3.             By Range Type Market Share Analysis

10.  Middle East & Africa Drone Taxi Market Outlook

10.1.            Market Size & Forecast

10.1.1.  By Value

10.2.            Market Share & Forecast

10.2.1.  By Passenger Capacity Market Share Analysis

10.2.2.  By Propulsion Type Market Share Analysis

10.2.3.  By Range Type Market Share Analysis

10.2.4.  By Country Market Share Analysis

10.2.4.1.      Turkey Market Share Analysis

10.2.4.2.      Iran Market Share Analysis

10.2.4.3.      Saudi Arabia Market Share Analysis

10.2.4.4.      UAE Market Share Analysis

10.2.4.5.      Rest of Middle East & Africa Market Share Africa

10.3.            Middle East & Africa: Country Analysis

10.3.1.  Turkey Drone Taxi Market Outlook

10.3.1.1.      Market Size & Forecast

10.3.1.1.1.           By Value

10.3.1.2.      Market Share & Forecast

10.3.1.2.1.           By Passenger Capacity Market Share Analysis

10.3.1.2.2.           By Propulsion Type Market Share Analysis

10.3.1.2.3.           By Range Type Market Share Analysis

10.3.2.  Iran Drone Taxi Market Outlook

10.3.2.1.      Market Size & Forecast

10.3.2.1.1.           By Value

10.3.2.2.      Market Share & Forecast

10.3.2.2.1.           By Passenger Capacity Market Share Analysis

10.3.2.2.2.           By Propulsion Type Market Share Analysis

10.3.2.2.3.           By Range Type Market Share Analysis

10.3.3.  Saudi Arabia Drone Taxi Market Outlook

10.3.3.1.      Market Size & Forecast

10.3.3.1.1.           By Value

10.3.3.2.      Market Share & Forecast

10.3.3.2.1.           By Passenger Capacity Market Share Analysis

10.3.3.2.2.           By Propulsion Type Market Share Analysis

10.3.3.2.3.           By Range Type Market Share Analysis

10.3.4.  UAE Drone Taxi Market Outlook

10.3.4.1.      Market Size & Forecast

10.3.4.1.1.           By Value

10.3.4.2.      Market Share & Forecast

10.3.4.2.1.           By Passenger Capacity Market Share Analysis

10.3.4.2.2.           By Propulsion Type Market Share Analysis

10.3.4.2.3.           By Range Type Market Share Analysis

11.  SWOT Analysis

11.1.            Strength

11.2.            Weakness

11.3.            Opportunities

11.4.            Threats

12.  Market Dynamics

12.1.            Market Drivers

12.2.            Market Challenges

13.  Market Trends and Developments

14.  Competitive Landscape

14.1.            Company Profiles (Up to 10 Major Companies)

14.1.1.  LIFT Aircraft Inc.

14.1.1.1.      Company Details

14.1.1.2.      Key Product Offered

14.1.1.3.      Financials (As Per Availability)

14.1.1.4.      Recent Developments

14.1.1.5.      Key Management Personnel

14.1.2.  Airbus

14.1.2.1.      Company Details

14.1.2.2.      Key Product Offered

14.1.2.3.      Financials (As Per Availability)

14.1.2.4.      Recent Developments

14.1.2.5.      Key Management Personnel

14.1.3.  Aloft Aviation

14.1.3.1.      Company Details

14.1.3.2.      Key Product Offered

14.1.3.3.      Financials (As Per Availability)

14.1.3.4.      Recent Developments

14.1.3.5.      Key Management Personnel

14.1.4.   Boeing.

14.1.4.1.      Company Details

14.1.4.2.      Key Product Offered

14.1.4.3.      Financials (As Per Availability)

14.1.4.4.      Recent Developments

14.1.4.5.      Key Management Personnel

14.1.5.  EHang

14.1.5.1.      Company Details

14.1.5.2.      Key Product Offered

14.1.5.3.      Financials (As Per Availability)

14.1.5.4.      Recent Developments

14.1.5.5.      Key Management Personnel

14.1.6.  Joby Aviation

14.1.6.1.      Company Details

14.1.6.2.      Key Product Offered

14.1.6.3.      Financials (As Per Availability)

14.1.6.4.      Recent Developments

14.1.6.5.      Key Management Personnel

14.1.7.  Karen Airecraft, Inc.

14.1.7.1.      Company Details

14.1.7.2.      Key Product Offered

14.1.7.3.      Financials (As Per Availability)

14.1.7.4.      Recent Developments

14.1.7.5.      Key Management Personnel

14.1.8.  Lilium

14.1.8.1.      Company Details

14.1.8.2.      Key Product Offered

14.1.8.3.      Financials (As Per Availability)

14.1.8.4.      Recent Developments

14.1.8.5.      Key Management Personnel

14.1.9.  Moog Inc.

14.1.9.1.      Company Details

14.1.9.2.      Key Product Offered

14.1.9.3.      Financials (As Per Availability)

14.1.9.4.      Recent Developments

14.1.9.5.      Key Management Personnel

14.1.10.                Opener

14.1.10.1.    Company Details

14.1.10.2.    Key Product Offered

14.1.10.3.    Financials (As Per Availability)

14.1.10.4.    Recent Developments

14.1.10.5.    Key Management Personnel

15.  Strategic Recommendations

15.1.            Key Focus Areas

15.1.1.  Target Regions

15.1.2.  Target Passenger Capacity

15.1.3.  Target Propulsion Type

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Figures and Tables

Frequently asked questions

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The market size of the Global Drone Taxi Market was estimated to be USD 23 million in 2022.

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During the forecast period, the completely electric segment revenue is predicted to grow at a high rate in the worldwide drone taxi market. The worldwide drone taxi industry is classified as hybrid, completely electric, and others based on propulsion type. The completely electric sector is predicted to dominate in terms of revenue share over the forecast period due to increased demand for converting fuel-infused transportation into totally electric solutions to mitigate the impact of the worldwide environmental crisis. Fully electric drone taxi models can offer a variety of advantages, including high performance with minimal heat production and low to no air pollution transportation, which will drive revenue development in this category.

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Due to significant economic growth, increasing demand for drone taxis, expanding urbanization, and population expansion, the North America market will account for the biggest revenue share in 2021. Rising passenger drone development in this area is likely to fuel market growth during the forecast period. For example, on January 8, 2020, EHang performed its first public demonstration of an autonomous air taxi in North America. Ehang flew EHang 216 in front of the North Carolina State Highway Patrol facility/aviation hangar in Raleigh, and it was the first time EHang 216 got flying permission from the Federal Aviation Administration (FAA).

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Urbanization and Congestion Relief, changing consumer preferences and regulatory support and policy initiatives and technological advancements is growing are the major drivers for the Global Drone Taxi Market.

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Srishti Verma

Business Consultant
Press Release

Global Drone Taxi Market to Grow with a CAGR of 14.7% through 2028

Sep, 2023

Urbanization and Congestion Relief, sustainability mobility, advancement in technology and increased urbanization is driving the Global Drone Taxi Market in the forecast period 2024-2028.

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