Passenger Drones Market 2019: Analytical Overview, Regional Trends, Segments and Growth at CAGR of 27.74% With Leading Players Analysis By Size, Share, Sales Revenue, Price and Gross Margin; 2024

August 25 08:56 2019
Passenger Drones Market 2019: Analytical Overview, Regional Trends, Segments and Growth at CAGR of 27.74% With Leading Players Analysis By Size, Share, Sales Revenue, Price and Gross Margin; 2024

Passenger Drones Market
Passenger Drones Market Research Report 2019: Industry Size, Share, Trends, Growth and Opportunity Assessment, Regional Analysis and Segmentation By Component (Airframe, Controller System, Navigation System, Propulsion System, & Others), Capacity (Up to 100 kg & Over 100 kg), Application (Commercial & Personal), Rotors (10), and by Region – Forecast Till 2024

The global passenger drones market is expected garner massive growth during the assessment period of 2017 to 2024. Most specifically, Market Research Future (MRFR) mentions that the growth of the global market will be at a CAGR of 27.74% during the mentioned period. The market is also projected to jump from its 2017 valuation of USD 154.4 million and reach a projected valuation of USD 851.2 million by the end of 2024.

The global passenger drones market includes various prominent players, including EHANG (China), eroMobil (Slovakia), Airbus S.A.S. (France), TERRAFUGIA (U.S.), Boeing (U.S.), Cartivator (Japan), Uber Technologies Inc. (U.S.), Joby Aviation (U.S.), Lilium (Germany), and Volocopter GmbH (Germany). 

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28th January 2019, Boeing announced that it has completed the test of its electric autonomous passenger drone prototype, one which was just a conceptual design just a year ago.

It was identified that factors like rapid advancements in technology, rising concerns with traffic congestions, growing urban population, increasing participation of companies, and a deteriorating cost of drones to be the major drivers of the global market in the coming years.

Market Segmentation

The global Passenger Drones Market segmentation is based on the following key dynamics: components, capacity, and application.

By components, the market is segmented into controller system, airframe, propulsion system, a navigation system, and others. The airframe segment accounted for the highest share of the market. However, the controlled system segment is projected to grow during the forecast period with the highest CAGR percentage. The segment is attaining considerable growth due to the massive growth and adoption rate of autonomous devices and a stone-eyed focus on developing analytical and sensing systems in order to improve the flight security and safety system.

By capacity, the market includes capacity ranging up to 100 kg and over 100 kg. At present, most drones developed across the globe come under the up to 100 kg category. The 100 kg segment is expected to register a smash hit CAGR of 30.33% during the forecast period and maintain its edge over the above 100 kg segment.

By application, the market divides into commercial and personal. As of now, other than few exhibits and test-related flights, no wide-scale implementation of passenger drones has been noticed or reported thus far. However, the situation might change over the next decade or so. But for the ongoing forecast period, the commercial passenger drone segment is expected to be the one to lead the market and grow at a considerable pace.

By rotor, the market segments into less than 10 rotors and above 10 rotors. Based on the current designing, the number of rotors in the drone is directly related to the range, speed, and the capacity of the passenger drones. The more than 10 rotors segment is, thereby, expected to exhibit the highest growth rate over the forecast period.

Regional Analysis

The global passenger drones market is regionally segmented across: North America, Europe, Asia Pacific, and the Rest of the World (RoW).

Globally, Europe stands out with the highest share in the passenger drones market. The region is led by Germany, a hub of technological innovations and developments. The region is expected to lead the global market during the forecast period as well. As per the 2017 study, the European region held close to 30% of the market shares. The presence of various leading manufacturers and players like Lilium, Airbus SAS, and Volocopter GmbH is anticipated to massively help the European market to drive growth. Additionally, the market is also driven by the increasing number of joint ventures & partnerships coupled with the fast-paced advancements in various technologies.

The North American region is another key marketplace for passenger drones due to the presence of the US. The US stands at the top of the global standings when it comes to developing passenger drones. Add to this, hosting companies like Uber Technologies and Boeing, who are immensely active in this market, is an added advantage for the growth of the region. Asia Pacific stands second globally in the market standings but holds huge potential due to the massive population base, rising level of disposable income, and increasing focus that is being laid upon drones for transportation purposes. 

Intended Audience

  • Passenger drone manufacturers
  • Other UAV manufacturers
  • Potential investors
  • Raw material suppliers
  • GNC solution providers
  • Associattions
  • Government
  • End-Users

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List of Tables

Table 1 Market Synopsis 
Table 2 List of Assumptions 
Table 3 Global Passenger Drones Market, by Component, 2017 – 2024 (Usd Million) 
Table 4 Global Passenger Drones Market, by Capacity, 2017 – 2024 (Usd Million) 
Table 5 Global Passenger Drones Market, by Application, 2017 – 2024 (Usd Million) 
Table 6 Global Passenger Drones Market, by Rotor, 2017 – 2024 (Usd Million) 
Table 7 Global Passenger Drones Market, by Region, 2017-2024 (Usd Million) 
Table 8 North America: Passenger Drones Market, by Country, 2017-2024 (Usd Million) 
Table 9 North America: Passenger Drones Market, by Component, 2017-2024 (Usd Million) 
Table 10 North America: Passenger Drones Market, by Capacity, 2017-2024 (Usd Million)


List of Figures

Figure 1 Global Passenger Drones Market: Market Structure 
Figure 2 Key Takeaways From Passenger Drones Market 
Figure 3 Key Buying Criteria of Passenger Drones 
Figure 4 Research Process of Mrfr 
Figure 5 Top Down & Bottom Up Approach 
Figure 6 Droc Analysis of Global Passenger Drones Market 
Figure 7 Urban Population (% of Total), 2006–2016 
Figure 8 Global Passenger Drones Market: Driver Impact Analysis 
Figure 9 Global Passenger Drones Market: Restraint Impact Analysis 
Figure 10 Supply Chain: Passenger Drones Market


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