by on February 15, 2023

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

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 oof 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

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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