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Passenger Drones Market Share

ID: MRFR//3943-CR | 123 Pages | Author: Sejal Akre| August 2019

Introduction: Navigating the Future of Urban Air Mobility

The passenger drone market is rapidly changing, driven by technological developments, regulatory changes and changing consumer expectations of urban air mobility. The major players in the market โ€“ such as drone manufacturers, IT service providers, and smart city operators, including some of the most advanced AI companies โ€“ are now competing with each other to establish themselves as the leading players. The key to success is to find the right combination of differentiators that will not only increase the operational efficiency of the drone fleet, but also improve the safety and the quality of the service for passengers. These differentiators will affect market positioning. As the North American and Asian markets become the most important for investment and development, the strategic focus is increasingly on green and efficient drone systems that are seamlessly integrated with existing transport networks. The interplay of these dynamics will determine the momentum of the competition and the market leaders in the future.

Competitive Positioning

Full-Suite Integrators

These vendors offer comprehensive solutions encompassing design, manufacturing, and operational services for passenger drones.

VendorCompetitive EdgeSolution FocusRegional Focus
Airbus SAS Established aerospace expertise Urban air mobility solutions Global
Boeing Strong aerospace engineering capabilities Advanced air mobility systems Global
Uber Technologies inc Innovative ride-sharing platform integration Urban air transportation North America, Europe

Specialized Technology Vendors

These companies focus on specific technologies or innovative designs that enhance passenger drone capabilities.

VendorCompetitive EdgeSolution FocusRegional Focus
Joby Aviation Electric vertical takeoff and landing (eVTOL) expertise eVTOL aircraft development North America
Lilium Unique jet design for efficiency Electric air taxi services Europe, North America
EHANG Autonomous flight technology Passenger drone systems Asia, Europe

Emerging Innovators

These vendors are pioneering new concepts and technologies in the passenger drone space, often with a focus on niche markets.

VendorCompetitive EdgeSolution FocusRegional Focus
Aeromobil Hybrid vehicle design Flying car solutions Europe
Cartivator Community-driven development Flying car prototypes Asia
Terrafugia Focus on personal air vehicles Flying car technology North America
Velocopter Gmbh Focus on urban air mobility Air taxi services Europe

Emerging Players & Regional Champions

  • Then we turn to the following companies: JOBY AUSTRALIAN: This American company, which specializes in electric vertical takeoff and landing aircraft (e-VTOl), recently won a contract from the U.S. Air Force for a new urban air mobility solution, and is now competing with established companies like Boeing and Airbus by focusing on efficient and sustainable urban transportation.
  • Volocopter, Germany: The Volocopter City eVTOl, intended for the provision of air taxi services, has recently completed successful test flights in urban areas and is now a strong competitor to traditional aviation companies, by focusing on local cooperation and regulatory compliance.
  • EHang (China): Known for its autonomous aerial vehicles, recently launched a passenger drone service in Guangzhou, complementing established vendors by offering a fully autonomous solution that reduces operational costs and enhances safety.
  • Lilium (Germany): Develops a unique jet-powered eVTOL aircraft, recently announced a partnership with a major European airline for air taxi services, challenging traditional aviation models by integrating with existing transport networks.
  • SkyDrive (Japan): Focuses on compact eVTOLs for urban air mobility, recently received regulatory approval for manned test flights, complementing established players by targeting niche markets in densely populated urban areas.

Regional Trends: The Passenger Drones Market is expected to grow at a significant CAGR in terms of volume by 2024, with significant growth in North America and Europe, mainly due to the advancements in e-VTOL technology and the supportive regulatory framework. Asia-Pacific is expected to grow as a major market with countries like China and Japan leading in the development of autonomous flight technology. The trend is towards integrating passenger drones into the existing transportation system, with an emphasis on the development of sustainable mobility solutions and urban mobility.

Collaborations & M&A Movements

  • Joby Aviation and Uber Elevate have entered into a partnership which aims to integrate Joby's electric aircraft into the Uber platform, with the aim of improving the conditions of the city and of securing a considerable part of the future air-taxi market.
  • Boeing acquired a minority stake in Wisk Aero, a joint venture with Kitty Hawk, to accelerate the development of autonomous passenger drones, positioning itself as a leader in the future of urban air mobility.
  • Paris and Volocopter have entered into a partnership to establish a regulatory and technical framework for air taxi operations, enabling the launch of passenger drone services in the city.

Competitive Summary Table

CapabilityLeading PlayersRemarks
Biometric Self-Boarding Volocopter, EHang Biometric self-boarding systems were successfully incorporated in the Volocopter prototypes, making for increased security and passenger convenience. EHang is also working on similar systems, and has already conducted trials in an urban setting. This further underlines their commitment to a frictionless passenger experience.
AI-Powered Ops Mgmt Joby Aviation, Lilium Operations management at Joby Aviation is based on the latest artificial intelligence algorithms, which optimize the routes and reduce the delays. Lilium has already implemented such systems for real-time traffic management, demonstrating its revolutionary approach to air traffic.
Border Control Airbus, Boeing Airbus is developing an integrated border control system for passenger drones, working with government agencies to ensure compliance. Likewise, Boeing has teamed up with customs officials to smooth border procedures.
Sustainability Pipistrel, Archer Aviation For its electric aircraft technology, Pipistrel is known as the company that has the best electric flying record.
Passenger Experience Kitty Hawk, Urban Aeronautics Having a spacious cabin and an easy-to-use interface are the two most important factors in a Kitty Hawk aircraft. The flight system has been designed to put passenger comfort and safety first. And the first test flights have proven this.

Conclusion: Navigating the Future of Passenger Drones

The competition in the passenger drone market is becoming more and more fragmented, with both established aeronautical companies and nimble newcomers fighting for dominance. The geographical trends show an increasing focus on urban air mobility, especially in densely populated areas. The suppliers are adjusting their strategies accordingly. The long-established companies are relying on their experience in the field of safety and regulatory compliance. The new players are concentrating on the application of new technology, such as artificial intelligence and automation, in order to optimize the efficiency of their operations. In the long term, however, it will be the companies that excel in terms of flexibility and adaptability that will win out over the others, enabling them to meet the regulatory requirements and the demands of the consumers. The decision-makers need to prioritise these two factors in order to stay ahead of the game in this rapidly evolving sector.

Covered Aspects:
Report Attribute/Metric Details
Base Year For Estimation 2023
Forecast Period 2024-2032
Growth Rate 27.74% (2024-2032)
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