A new report “Drone Taxi Market by Range (Intercity, Intracity), Propulsion (Fully Electric, Hybrid, Electric Hydrogen), Autonomy (Fully Autonomous, Remotely Piloted), Passenger Capacity (Up to 2, 3 to 5, More than 5), System, End Use & Region – Global Forecast to 2030“, predicts that the market will grow from an estimated USD 74 million in 2025 to reach USD 860 million by 2030, at a CAGR of 63.0% during the forecast period. “The growth of the Drone Taxi market is majorly attributed to the rapid increase in urban demographics and increasing demand of eVTOLs for intracity transportation in various countries,” says the report summary.
Ride Sharing Companies and the Drone Taxi Market
Where – and When – Will Drone Taxis Fly?
The need is clear – and the vehicles are there: but actual service is not going to happen everywhere before 2030. Although the report predicts that North America will grow at the highest rate during the forecast period, that doesn’t mean we’ll see drone taxi service in the next 8 years. What it does mean is that large industry players and international regulatory bodies are investing heavily in the drone taxi market.
North America is forecasted to grow at the highest CAGR during the period from 2025-2030. The market growth in this region can be attributed to strategic partnerships and funding related to the use of drone taxis by concerned authorities in North American countries. For instance, in January 2020, Joby Aviation entered into a strategic partnership with Toyota and Uber. Joby Aviation plans to go public in a reverse merger with Reinvent Technology Partners, a USD 690 million publicly listed blank check company. Air taxis are likely to witness heightened demand for urban transportation in this region.
The U.S. is moving towards urban air mobility. NASA’s National Campaign is researching UAM issues: Unmanned Traffic Management sytems are being developed to accommodate advanced air mobility (AAM) vehicles. Actual service, however, may appear in other markets first. China is supporting Ehang’s efforts by implementing projects from passenger drone tourism to emergency services; Japan has vowed to implement AAM by 2023; and Korea is demonstrating drone taxis across the country.
While it may be some time before drone taxis come to cities in the U.S., the infrastructure and investment are well underway to making it happen – someday.
Miriam McNabb is the Editor-in-Chief of DRONELIFE and CEO of JobForDrones, a professional drone services marketplace, and a fascinated observer of the emerging drone industry and the regulatory environment for drones. Miriam has penned over 3,000 articles focused on the commercial drone space and is an international speaker and recognized figure in the industry. Miriam has a degree from the University of Chicago and over 20 years of experience in high tech sales and marketing for new technologies.
For drone industry consulting or writing, Email Miriam.
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