Global Passenger Drones Market 2019 – Corporate Financial Plan, Business Competitors, Manufacturers, Supply and Revenue

Passenger Drones Market Research Report 2019 published By Market Research Future, provides information on Global Passenger Drones Industry Size, Share, Trends, Growth and Opportunity Assessment with 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 & >10), and by Region – Forecast Till 2024

Passenger Drones Market – Overview

The market for passenger drones is gaining impetus due to an amplified need for swift logistics. Market reports associated to the aerospace and defense industry have been put forward by Market Research Future which generates reports on other industry verticals that target the study of recent market scenarios better. The market is expected to attract revenues worth 800 million mark while advancing at a CAGR of 27.74% by 2024.

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The growth of the urban population globally has contributed to the need for better methods of transportation. The escalated traffic levels globally are also incentivizing the growth of the passenger drone market. The improved technological advancements are leading to upgradation in the design in passenger design as well as functionality. The benefits that can be availed from employing passenger drones are motivating well-established players to invest in the market. Moreover, the reduction in costs related to procuring drones is likely to drive the expansion of the market in the forecast period.

Competitive Analysis

The promotional and other related expenses are improved particularly due to the progress of the market. The competitors are keenly blocking the challenges to growth and are making strategies that can guide to an advantageous overall effect on the market’s growth. Certain regions in the market are expected to achieve an absolute advantage in the market place due to optimized strategies. The accretive nature of some of the assets in the market is expected to boost the growth potential of the market. Additionally, the alliances being created in the market are expected to further motivate the expansion of the market in the coming years. The market shows an escalated growth pace due to the positive influence exerted by the market forces. The absorbed costs in the market are easily dealt with, opening up more room for development in the market.

The central competitors in the passenger drone market are-

  • Airbus S.A.S. (France)
  • Boeing (U.S.)
  • Cartivator (Japan)
  • EHANG (China)
  • AeroMobil (Slovakia)
  • Joby Aviation (U.S.)
  • TERRAFUGIA (U.S.)
  • Lilium (Germany),
  • Uber Technologies Inc. (U.S.)
  • Volocopter GmbH (Germany)

Segmental Analysis

The segmentation of the passenger drone market is carried out on the basis of component into propulsion system, airframe, navigation system, controller system, and others. On the basis of component, the passenger drone market is segmented into airframe, navigation system, controller system, propulsion system, and others. Based on the capacity, the passenger drone market is segmented into Over 100 kg and Up to 100 kg.  Based on Application, the passenger drone market is segmented into commercial and personal. Based on the Rotors, the passenger drone market is segmented into <10 & >10. The regions included in the passenger drone market are Europe, North America, Asia Pacific and rest of the world.

Detailed Regional Analysis     

The European region controls the major portion of the passenger drone market. It is anticipated to control the market through the forecast period. In 2017, the European region was responsible for more than 30% share of the global market and is likely to hold its place through the forecast period. The main drivers for the growth of the European market are growing joint ventures & partnerships together with speedy technological advancements. The North American region is expanding due to the U.S. being at the forefront in the developing of passenger drones. The presence of companies such as Uber Technologies Inc. and Boeing who are very active in the passenger drone market space is adding to the development of the market. The Asia Pacific region is the next major market and the passenger drone market in this region is primed to increase at the highest CAGR through the forecast period. The growing urban population, intensifying disposable income levels and emphasis on using drones for transportation purposes will strengthen the market progress in this region. South Korea, China, and Japan are promising countries for the passenger drone market in the Asia Pacific.

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Table of Contents

1 Executive Summary

2 Market Introduction
2.1 Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Market Structure
2.5 Key Takeaways
2.6 Key Buying Criteria

3 Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model

4 Market Dynamics
4.1 Introduction
4.2 Drivers
4.2.1 Growing Urban Population Coupled With Rising Traffic Congestion Problems
4.2.2 Rapid Technological Advancements and Decline in Drone Costs
4.2.3 Rising Participation of Companies
4.3 Restraints
4.3.1 Limited Endurance
4.3.2 Safety Concerns
4.4 Opportunity
4.4.1 Focus on Reducing Vehicular Pollution
4.5 Challenge
4.5.1 Lack of Regulatory Framework and Supporting Infrastructure

5 Market Factor Analysis
5.1 Supply Chain
5.2 Porter’s Five Forces Model
5.2.1 Threat of New Entrants
5.2.2 Bargaining Power of Suppliers
5.2.3 Bargaining Power of Buyers
5.2.4 Threat of Substitutes
5.2.5 Intensity of Rivalry

Continued…….

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)

Continued……..

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