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PRESS RELEASE
Published September 15, 2023
Top prime companies in the global Drone Taxi are Airbus (Netherlands), Boeing. (U.S.), Textron Inc. (U.S.), Guangzhou EHang Intelligent Technology Co. Ltd (China), Joby Aviation. (U.S.), Volocopter GmbH (Germany), Lilium (Germany), Opener (U.S.), PIPISTREL d.o.o. (Slovenia), Aloft Aviation. (India), LIF
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As of my last update in September 2021, the drone taxi market, also referred to as urban air mobility (UAM) or passenger drones, was undergoing significant advancements and gaining attention from investors, aerospace companies, and regulators. Here are some of the developments and trends in the drone taxi market up to that time:
Prototypes & Test Flights: Several companies had tested prototypes of their drone taxis. For instance, EHang in China, Volocopter in Germany, and Joby Aviation in the USA had all conducted test flights of their vehicles.
Investment Influx: The drone taxi market attracted substantial investments. Traditional aerospace giants, tech firms, and start-ups all dove into the space, either through partnerships, direct investments, or acquisitions.
Regulatory Progress: The safe integration of drone taxis into urban airspaces is a complex challenge. Regulatory bodies like the Federal Aviation Administration (FAA) in the U.S. and the European Union Aviation Safety Agency (EASA) in Europe have been working on guidelines and regulations.
Infrastructure Development: There’s been a push towards developing “vertiports” or landing pads specifically designed for drone taxis. Several design concepts and proposals for such infrastructure have been put forth by companies and urban planners.
Public Perception & Safety: As with any new mode of transportation, public trust is crucial. Companies have been keen on ensuring their drone taxis meet the highest safety standards to gain public trust. Many drone taxi designs incorporate redundant systems to ensure safe operation even if certain components fail.
Partnerships & Collaborations: Partnerships between eVTOL (electric vertical takeoff and landing) manufacturers, technology providers, and infrastructure companies have been common in this space. For example, Uber announced its Elevate initiative, partnering with various eVTOL makers, though it later sold its flying taxi division.
Range & Battery Technology: Battery technology is crucial for the success of electric drone taxis. As battery tech improves in terms of energy density, weight, and recharge times, it directly benefits the potential range, speed, and viability of drone taxis.
Hydrogen Fuel Cells: Apart from batteries, some companies are exploring hydrogen fuel cells as a potential power source for drone taxis, aiming to offer longer ranges and quicker refueling times than traditional batteries.
Pilot Training & Autonomy: While initial drone taxi services might be piloted, the end goal for many companies in the sector is fully autonomous operations. This requires substantial advancements in AI and autonomous flight systems, as well as regulatory approvals.
Market Forecasts: Many market research reports up to 2021 predicted that drone taxis might begin limited commercial operations by the mid-2020s, with more widespread adoption possibly by the end of the decade.
Drone Taxi Market Segmentation
This report segments the Drone Taxi Market on the basis of Types are:
Structure
Avionics
Interior
Propulsion
Other
On the basis of Application, the Drone Taxi Market is segmented into:
Ride Sharing Companies
Scheduled Operators
Hospital and Medical Agencies
Private Operators
Regional Coverage:
This portion provides market data along with regional revenue, sales, and market share analysis. Additionally, it offers estimates for each examined regional market’s sales and sales growth rate, pricing scheme, revenue, and other factors.
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
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The Report Focuses on the Following Important Aspects of the Drone Taxi Market:
– Business Description: a particular description of agency operations and enterprise departments.
– Company Strategy: The analyst’s precis of the company’s commercial enterprise strategy.
– SWOT Analysis: Detailed evaluation of the company’s strengths, weaknesses, opportunities, and – threats.
– Company History: The development of predominant occasions associated to the company.
– Main merchandise and services: A listing of the company’s fundamental products, services, and brands.
– Main Competitors: A listing of the company’s fundamental competitors.
– Important places and subsidiaries: The company’s major places and subsidiaries’ listing and contact information.
– Detailed economic ratios of the previous 5 years: The trendy monetary ratios come from the annual economic statements issued by means of agencies with a record of 5 years.
Influence of the Drone Taxi market report:
– An in-depth overview of the global market for Drone Taxi.
– Assessment of the global industry trends, historical data from 2018, projections for the coming years, and anticipation of compound annual growth rates (CAGRs) by the end of the forecast period.
– Discoveries of new market prospects and targeted marketing methodologies for Global Drone Taxi
– Discussion of R&D, and the demand for new products launches and applications.
– Wide-ranging company profiles of leading participants in the industry.
– The composition of the market, in terms of dynamic molecule types and targets, underlining the major industry resources and players.
– The growth in market revenue for the market globally and across the key players and market segments.
– Study the market in terms of generic and premium product revenue.
– Determine commercial opportunities in the market sales scenario by analyzing trends in authorizing and co-development deals.
The Global Drone Taxi Market Report Contains Answers to the Following Questions:
Who are the global key players in this market? What is your company profile, product information and contact information?
What is the global market status of the market? What Was Capacity, Production Value, Cost and PROFIT of this Market?
What Is This Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
-Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
What is the economic impact on the Drone Taxi industry? What are the findings of the analysis of the global macroeconomic environment?
What is the current market state of the Drone Taxi industry? What is the market competition in this industry, company and country wise? What is the market analysis of this market by considering applications and types?
-What are the key market trends impacting the growth of the Global Drone Taxi market?
At last, the study gives out details about the major challenges that are going to impact market growth. They also report provides comprehensive details about the business opportunities to key stakeholders to grow their business and raise revenues in the precise verticals. The report will aid the company’s existing or intend to join in this market to analyze the various aspects of this domain before investing or expanding their business in the Drone Taxi markets.
Customization of the report: The report can be customized according to the client’s requirements. Get in touch with our sales experts and we’ll make sure you get a report that fits your needs.
Connect with Us
Irfan Tamboli (Head of Sales) – MIR
Phone: + 1704 266 3234 | +91-750-707-8687
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This Press Release has been written with the intention of providing accurate market information which will enable our readers to make informed strategic investment decisions. If you notice any problem with this content, please feel free to reach us on [email protected].
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