Passenger Drones Market Size, Share, and Analysis, By Component (Airframe, Controller System, Navigation System, Propulsion System, Others), By Capacity (Less than 100kg, More than 100kg), By Application (Commercial, Personal) and Regional Forecasts, 2022

Passenger Drones Market Size, Share, and Analysis, By Component (Airframe, Controller System, Navigation System, Propulsion System, Others), By Capacity (Less than 100kg, More than 100kg), By Application (Commercial, Personal) and Regional Forecasts, 2022-2032

PRODUCT OVERVIEW

Passenger Drones Market size was USD 0.3 billion in 2021 and projected to grow from USD 0.5 billion in 2023 to USD 6.0 billion by 2032, exhibiting a CAGR of 31.4% during the forecast period.

Passenger Drones are the drones designed for the transport of public. Passenger drones have proved to be a safe and new kind of transportation and also a time-saving solution for the increased air traffic. Moreover, it lessens pollution and unsafe emissions. A number of passenger drones have already received FAA permission and are presently flying in China, Germany, and Dubai and a few more models will do so soon.

MARKET HIGHLIGHTS

Passenger Drones Market is expected to reach USD 6.0 billion, growing at a CAGR of 31.4% during the forecast period owing to the growing concerns regarding security and need for incorporated solutions of security monitoring. Passenger drones, which integrate safety features like security features like incursion alarms and fire alarm systems, place a premium on security and access restrictions. These factors are expected to boost the growth of Passenger Drones Market over the forecast period.

Passenger Drones Market Segments:

• Component
• Airframe
• Controller System
• Navigation System
• Propulsion System
• Others
• Capacity
• Less than 100kg
• More than 100kg
• Application
• Commercial
• Personal

MARKET DYNAMICS

Growth Drivers

Growing Demand for Sustainable and Efficient Transport Alternatives is Expected to Boost the Market Growth

Accepting the Concept of Passenger Drones by Governments Worldwide is Expected to Boost the Market Growth

Restraint

Regulatory Challenges Associated with Safety and Privacy Concerns to Restrain the Market Growth

Key Players

• Volkswagen
• Boeing
• Airbus
• Uber Technologies
• Bell Flight
• Joby Aviation
• Lilium Jet
• Volocopter
• EHANG
• Terrafugia
• Urban Aeronautics
• Astro Aerospace
• Lift Aircraft
• Varon Vehicles Corporation
• Tetra Drones Ltd.
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Global Laboratory Temperature Control Units Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAG.R – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa and Rest of MENA

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 3-month post-sales analyst support.

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