Veracious Statistics Research Pvt. Ltd has published its report on the Global Passenger Drones Market which has observed growth of USD 182.67 million/billion and is likely to reach USD xx.xx million/billion by the end of 2025, registering at a CAGR 24.21% in coming years. Governments and private organizations are expecting massive growth in Market for passenger drones due to various problems like over-population, increasing traffic problems and gradual yet consistent growth in pollution, passenger drones seems to be the solution to all of these problems and will expect a lead growth during the forecast of 2018 to 2024.

Global Passenger Drones Market Size, Share Analysis by Region 2018

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global passenger drones market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global passenger drones market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Market Dynamics

A passenger drone is a type of unmanned aerial vehicle (UAV) which carries passengers. The first passenger drone was introduced in 2016 at Consumer Electronics Show (CES) by Chinese entrepreneurs and was called as Ehang 184.Since 2011, Commercial companies and commercial developers have conducted various market surveys under government’s surveillance and likely to develop a passenger drone within upcoming timespan. A commercial organization from United States has been taking lead in the market of passenger drone.

Global Passenger Drones Market Study Objective

1. To forecast the market size of passenger drones market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of passenger drones market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have major impact on the growth of passenger drones market, such as drivers, restraints, challenges and opportunities.

4. Regional analysis of passenger drones market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

5. The strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

6. To provide detailed analysis of competitive and strategic developments in the passenger drones market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Segmental Analysis

Passenger drones market in this report has been segmented on the basis of component into five types, namely airframe, controller system, a navigation system, propulsion system, and others. The global passenger drone market has been segmented on the basis of capacity, application, Rotor and on regional basis. On the basis of capacity market for passenger drones has been divided into up-to 100 kg and over 100 kg. According to the current position of market it has been observed that majority of passenger drones falls under up-to 100 kg category. In terms of application the market for passenger drone has been segmented into personal and commercial segment. Based on the rotor the market has been segmented into less than 10 and more than 10 categ0ry and it is likely to have growth of 3.6 on the basis of more than 10 rotors.

Regional Analysis

On the basis of region market for passenger drone has been segmented into North America, Europe, Asia-Pacific and rest of the word. Europe currently contributes the largest market share, and is tend to increase in upcoming forecast. The companies located in Europe such as Airbus S.A.S, lilium and other is likely to contribute to a larger extent in upcoming year. North America is key region for the manufacturing of passenger drones. The presence of manufacturing companies such as Boeing, Workhorse and Joby Aviation adds combined with the sophisticated business strategies and innovative solution makes them capable for contributing in promising market and is expected to increase in upcoming decade.

Asia Pacific is likely to become major contributing region for the firms that develop passenger drones and related systems, due to the increasing focus of countries such as China, Japan, and South Korea.

Key Players:

Boeing (U.S.), AeroMobil (Slovakia), Airbus S.A.S. (France), Cartivator (Japan), EHANG (China), Joby Aviation (U.S.), Lilium (Germany), TERRAFUGIA (U.S.), Uber Technologies Inc. (U.S.), and Volocopter GmbH (Germany) are the major companies that focus on the development and provision of passenger drones systems for commercial and military applications, across the world. 

Global Passenger Drones Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.