Passenger Drones Market Report 2020 – Significant Trends And Factors Driving The Market Development Forecast To 2026
Category: #reports  By Sachin Pashte  Date: 2020-03-18
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Passenger Drones Market Report 2020 – Significant Trends And Factors Driving The Market Development Forecast To 2026

The global passenger drones market is estimated to reach USD 1,419.5 million by 2026 growing at a CAGR of 29.5% during the forecast period, according to a new study. The report provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the hardware segment dominated the global passenger drones industry, in terms of revenue. Europe was the leading contributor to the global market in 2018.

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Passenger Drones are move people for short to medium distances. Being capable of vertical takeoff and landing (VLOT), these can replace driving on roads in cities. Passenger Drones will solve the problem of transport during peak travel time and overcoming obstacles like bridges or lakes. Not just daily commute, passenger drones can be of great significance in adversities and be used for rescue, search operations, emergency supply delivery or air ambulance.

The growing need for cheaper, faster and cleaner transport is increasing the demand for transport alternatives. The increasing demand for intelligent technologies that reduce emissions and offer higher energy efficiency play a key role in the passenger drone market growth. The increasing penetration of mobile devices and technological advancements in components such as camera, mapping software, and others are expected to further support passenger drone market growth.

With the advancement of technologies, companies are innovating and introducing new solutions to cater to the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their offerings to improve their market reach.

The companies profiled in the passenger drones market report include:
 Ehang, Volocopter GmbH, AeroMobil, Joby Aviation, Uber Technologies Inc., Boeing, Airbus S.A.S., Astro Aerospace, Cartivator, Lilium, and Terrafugia among others. These companies are consistently launching new products to enhance their offerings in the passenger drones industry.

The Report has segmented the global passenger drones market on the basis of component, capacity, end user and region:

Passenger Drones Component Outlook

  • Hardware
  • Software
  • Services

Passenger Drones Capacity Outlook

  • Less than 100 kg
  • More than 100 kg

Passenger Drones End-User Outlook

  • Personal
  • Commercial

 

Europe generated the highest revenue in the market during 2017. The increasing population, and growing need for efficient travel options drives the growth of this market. Presence of key players in the region, significant investments, and increasing technological innovation further support the market growth.

The decline in drone costs and technological advancement is encouraging significant investments in the technology. The growing urban population and their aspiration to avoid traffic congestion will further push the passenger drone market growth during the forecast period. However, safety, security, and privacy concerns restrict the market growth. Growing demand from emerging economies, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

More Details on this Report At: https://www.marketstudyreport.com/reports/passenger-drones-market-share-size-trends-analysis-report-by-component-hardware-software-services-by-capacity-less-than-100-kg-more-than-100-kg-by-end-user-personal-commercial-by-region-segment-forecast-2019-2026?utm_source=marketforecasters&utm_medium=TS

 Table of Content

1. Overview and Scope

1.1. Research goal & scope

1.2. Research assumptions

1.3. Research Methodology

1.4. Key take-away

1.5. Stakeholders

2. Executive Summary

2.1. Market Definition

2.2. Market Segmentation

3. Passenger Drones Market Insights

4. Passenger Drones Market Size and Forecast, 2015-2026 by Component

5. Passenger Drones Market Size and Forecast, 2015-2026 by Capacity

6. Passenger Drones Market Size and Forecast, 2015-2026 by End-User

7. Passenger Drones Market Size and Forecast, 2015-2026 by Region

7.1North America

7.2Europe

7.3Asia-Pacific  

7.4Latin America

7.5Middle East and Africa

8. Company Profiles

 

Related Report:

Drone Logistics & Transportation Market to 2027 

The drone logistics & transportation market is fragmented with the presence of several industries and the competitive dynamics in the market is expected to change during the upcoming years. In addition to this, various initiatives are undertaken by the governmental bodies to accelerate the drone logistics & transportation market further.

https://www.marketstudyreport.com/reports/drone-logistics-transportation-market-to-2027-global-analysis?utm_source=marketforecasters&utm_medium=TS  

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About Author

Sachin Pashte

Email: [email protected]   

Sachin Pashte

Sachin is into market research and web marketing since the last 2 years and has worked on multiple projects across various industries. He has expertise in writing promotional content for market research reports while his personal interests include the games of footbal...

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