Market Overview:
Drone Taxi is being developed by both start-ups and established businesses, including Boeing, Hyundai, Airbus, Toyota, and Uber. Toyota, Uber, Hyundai, Airbus, and Boeing have all promised to transport passengers through the sky in flying taxis. The idea is to connect metropolitan areas with suburbia while avoiding traffic. Air taxis might travel at speeds of up to 180 mph at altitudes ranging from 1,000 to 2,000 feet. Venture-backed start-ups like Uber, as well as big car and airline industries, are all vying for a piece of this embryonic industry. The company has the potential to drastically alter the urban mobility sector, and investors are spending millions of dollars on commercialization initiatives. They are drawn to the notion that electric air taxis have the potential to significantly reduce operating and maintenance expenses. Drone Taxi comes in a variety of forms and sizes, and many of them look nothing like traditional fixed-wing aircraft. Electric motors replace jet engines, and vertical takeoff and landing (VTOL) aircraft feature spinning wings and, in certain cases, rotors in place of propellers to obviate the need for long runways. Only a few businesses are producing vehicles that resemble automobiles with wings.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Airbus (Netherlands), Boeing (United States), Textron (United States), Ehang (China), Joby Aviation (United States), Volocopter (Germany), Lilium (Germany), Opener Aero (United States), Tetra (Japan) and Urban Aeronautics (Israel) |
CAGR | % |
Influencing Trend:
Increasing demand for autonomous air ambulance vehicles and More efficient batteries and advanced manufacturing techniques
Market Growth Drivers:
Growing demand for an alternative modes of transportation in urban mobility, Smart city initiatives and Improved regulatory framework
Challenges:
Concerns related to lithium batteries, Restrictions on commercial use of drones, Implementation of required ground infrastructure, Cybersecurity concerns and Lack of skilled and trained operators
The key Manufacturers profiled in the report are Airbus (Netherlands), Boeing (United States), Textron (United States), Ehang (China), Joby Aviation (United States), Volocopter (Germany), Lilium (Germany), Opener Aero (United States), Tetra (Japan) and Urban Aeronautics (Israel). Additionally, other players that are of this comprehensive study are Pipistrel (United States), Moog (United States) and Karem Aircraft (California).
Market Development Activities
In January 2022,Investment establishes Wisk as one of the most well-funded Advanced Air Mobility (AAM) companies in the world.Paired with previous funding, this new investment further reinforces Wisk’s strong position as a privately backed company and will significantly advance the company’s Go-to-Market and near-term expansion plans, including the launch of scale manufacturing.
In November 2023, electric aircraft developer Archer has announced its plans to launch air taxi services in India through a partnership with Delhi-based travel and hospitality group Interglobal Enterprises.
On July 2, EASA formally published its “Special Condition for Small-Category Vertical Take-Off and Landing (VTOL) Aircraft” (SC-VTOL). This is a major step forward for the certification of eVTOL vehicles. However, this special condition has what may be a fatal flaw: as a totally new category that isn’t an airplane, rotorcraft, balloon, or another type of regulated aircraft, there are no operating procedures for “VTOL” aircraft, and developing them is outside of EASA’s purview, EASA’s regulatory authority is more limited than those of the FAA.
Key Target Audience
Drone Taxi Manufacturers, Drone Taxi Providers, Venture Capitalists, Raw Material Providers, Research Organisations, Government Agencies and End Users