Commercial Passenger Drones Market Share, Growth, Key Trends, Opportunities By 2030
Market Overview:
Commercial passenger drones market size was valued at a USD 190.01 million in 2020 and is anticipated to grow at a CAGR of 32.01% by 2020-2030.
Passenger drones are likely to disrupt the transportation businesses across commercial transport and personal transport. Many internet and technology giants like Google, Uber, Facebook, Amazon, and many aviation companies like Airbus, Boeing, and many others are innovating and designing new technologies that enable passenger drones’ transportation and can drive the market forward. Factors that are expected to drive the commercial passenger drones market trends include growing demand for passenger drones in the UAE. However, the government rules and aviation guidelines are factors that can produce challenges in the progression of the airspace for passenger drones.
Market Segmentation:
On the basis of the component, the commercial passenger drones market is segmented into the sensor, controller system, camera, navigation system, propulsion system, battery, and others. A GPS navigation system is a receiver and audio/video component for various different purposes such as cars, drones, smartphones, and others. Among these systems, navigation system holds a prominent position and is expected to grow at a fast rate. Also, with advancement in navigation system, the application of GPS is subjected to increase in the passenger drones, as these drones operate on either predefined path or remote control.
On the basis of capacity, the market is segmented into up to 100kg, 100-200kg, and 200kg above. The electricity-powered drone, from EHang, can carry up to 220 pounds (100 kilograms) of weight for 25 minutes. It has an average cruising speed of 62 miles per hour (100 kilometers per hour) and has a clearance of 3,000 meters above sea level.
On the basis of rotors, the commercial passenger drones market is segmented into up to 10, 10-20, and 20 above. On the basis of application, the market is segmented into inspection and monitoring, military application, law enforcement, precision cultivation, media and entertainment, surveying and mapping, personal, education among others.
eVolo’s Volocopter looks like a helicopter and can be piloted remotely or on-board. The drone is designed primarily for stable and safe flight, and to be used to nip around the skies above the world’s largest cities. One of the key ideas behind it is that it’s built with lots of redundancy. The Volocopter already has a permit to fly in Germany and has conducted numerous test flights in Dubai.
Key Players:
The commercial passenger drones market drivers are- Volocopter GmbH (Germany), Airbus Group (Netherlands), Terrafugia Corporation (U.S.), AeroMobil s.r.o. (Slovakia), Ehang (China), Lilium (Germany), Uber (U.S.), Cartivator (China), among others.
Regional Analysis:
There are many reasons for this. One is the large number of drones that are present in many European nations.
Another major reason for high growth in this region is the large concentration of drone manufacturers.
The North American region is growing at a pace that is slightly slower and lower than that of the European Union for commercial passenger drones industry. One of the reasons for this is the sheer demand for drones from the general population.
However, it is the presence of strategic companies that are driving fairly strong growth in the North American region. Some of the most noted drone manufacturers are Boeing, Workhorse, and Joby Aviation.
The Asia-Pacific region is somewhat of a laggard but growth in this region is picking up dramatically. Most of the demand for drones comes from three countries. These are China, Japan, and South Korea.
What is driving growth in this region is rapid urbanization. This is combined with the fact that this population has rapidly growing discretionary income and purchasing power. The most important commercial passenger drones market in this region is China.
Related reports:
Drones Market by Type (Fixed-Wing and Multi-Rotor), By Capability (Passenger Drones and Cargo; Drones), By Capacity (Up to 100 kg and Over100 kg),By Application (Agriculture (Field Mapping, Field Mapping, Crop Spraying, Agricultural Photography, Precise Agriculture; Management, Agriculture Insurance; Inspection), Industry (Construction, Oil Gas, Mining, Logistics, Aviation, Telecom)), Component(Airframe, Payload, Guidance Navigation Control, Propulsion System) Forecast 2030
Drone Logistics and Transportation Market Research Report: Information by Solution (Shipping, Warehousing, Infrastructure and Software), Drone (Freight Drones, Passenger Drones and Ambulance Drones), Application (Commercial and Military) and Region (North America, Europe, Asia-Pacific, Middle East Africa and Latin America) - Forecast till 2030
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