Market Summary
Research Methodology on Passenger Drones Market
The research methodologies adopted by Market Research Future (MRFR) to arrive at the forecast values are as follows:
1. Secondary Research:
Secondary research is used to compile information from multiple sources for identifying the target market, and market trends, mapping the existing industry scenarios, analyzing factors affecting the market and obtaining valuable insights of the industry. The beneficial sources used by MRFR for this research include company websites, news articles, government documents, investor presentations, press releases, whitepapers, paid databases, and internal and external proprietary databases.
2. Primary Research:
It includes emails, interviews with key opinion leaders, surveys and questionnaires. Primary resources are the most reliable sources of data, as they are obtained firsthand. MRFR gathered information by conducting both online and offline surveys with the help of primary respondents capturing major market trends, segmentations, pricing structure, identification of the prices, product mapping and understanding its scope across the regions.
3. Approaches:
MRFR’s detailed and multi-faceted approach is used to understand and analyze the market from every aspect. MRFR’s expertise lies in quantitative and qualitative research; to provide an in-depth assessment of the market and an extensive analysis of the data was conducted. Three different approaches were leveraged to address the research methodology adopted by Market Research Future (MRF).
• Top-Down Approach:
It begins with a review of the current market trends at the macro level. The data collected was analyzed by using a comparative analysis approach. This enabled an in-depth understanding of the market, its identification of potential segments, and the ability to build a comprehensive market landscape for the complete umbrella of industries.
• Bottom-Up Approach:
This approach was used to arrive at the market numbers for each segment. This bottom-up approach helps to obtain a much more accurate outlook.
• Factor Analysis:
This was used to cross-verify the different sets of data, giving a closer look at key market dynamics and prices. This helps in forecasting the growth and structure of the Passenger Drones Market, identifying the potential pockets and determining the trends of products or services in the market.
• Time-Series Analysis:
It consists of understanding consumer behaviour, analyzing the changes over time, predicting the trend based on that and coming up with a suitable market recommendation.
• Demand-side and Supply-side Data Triangulation:
This is used to identify the demand side of the market, including the relevant end-users, target industries, and pricing structure along with the supplier-dependent factors like import & export, supplier base, labour cost, regional manufacturer, raw material cost, pricing strategy, and trends to name a few.
Data Synthesis and Analysis:
All the data collected was synthesised to identify the potential growth rate of the Passenger Drones Market. The market data analysis was conducted by segmenting the data based on type, technology, end-user, and region. The segmentation helped to identify the different drivers, restraints, and opportunities in the global Passenger Drones Market respectively along with the regional and country-level analysis. Additionally, applying the PESTEL analysis enabled us to comprehend the overall impact on the industry performance.
Scope of the Study
The scope of the study covers every significant aspect that defines the Passenger Drones market, including consumer insights, market size, trends & dynamics, economic, technological, and pricing analysis.
Target Audience
- Passenger Drone manufacturers
- Raw Material Suppliers
- Passenger Drone Research & Development Companies
- Serial Investors
- Technology Investors
- Consultants/ Advisory Firms
- Research/Consultancy Firms
- Training & Education Institutions
Research Assumptions
- Lesser dependency on traditional means of transportation
- High demand from rural areas
- Increasing demand for advanced pilotless drones
- Increasing customer preference towards safety & comfort
Market Size & Forecast
Attribute/Metric | Details |
Market Size 2023 | USD 0.52 Billion |
Market Size 2024 | USD 0.686452 Billion |
Market Size 2032 | USD 4.869 Billion |
Compound Annual Growth Rate (CAGR) | 27.74% (2024-2032) |
Base Year | 2023 |
Market Forecast Period | 2024-2032 |
Historical Data | 2019- 2022 |
Market Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered | Capacity, Application, Rotor, Component, and Region |
Geographies Covered | North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled | Aeromobil - Slovakia, Airbus SAS - France, Cartivator - Japan, EHANG - China, Joby Aviation - USA, Lilium - Germany, Terrafugia - USA, Boeing - USA, Uber Technologies inc - USA, and Velocopter Gmbh – Germany |
Key Market Opportunities | Increased number of government efforts |
Key Market Dynamics | Urban congestion and traffic problemsNeed for an alternate form of transportation |
Major Players
Passenger Drones Market Segmentation Tab
Passenger Drones Capacity Outlook (USD Billion, 2018-2032)
Up to 100 kg
Over 100 KG
Passenger Drones Application Outlook (USD Billion, 2018-2032)
Commercial
Personal
Passenger Drones Rotor Outlook (USD Billion, 2018-2032)
Less Than 10
More Than 10
Passenger Drones Component Outlook (USD Billion, 2018-2032)
Airframe
Controller System
Navigation System
Propulsion System
Others
Passenger Drones Regional Outlook (USD Billion, 2018-2032)
North America Outlook (USD Billion, 2018-2032)
North America Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
North America Passenger Drones by Application
Commercial
Personal
North America Passenger Drones by Rotor
Less Than 10
More Than 10
North America Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
US Outlook (USD Billion, 2018-2032)
US Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
US Passenger Drones by Application
Commercial
Personal
US Passenger Drones by Rotor
Less Than 10
More Than 10
US Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
CANADA Outlook (USD Billion, 2018-2032)
CANADA Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
CANADA Passenger Drones by Application
Commercial
Personal
CANADA Passenger Drones by Rotor
Less Than 10
More Than 10
CANADA Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
Europe Outlook (USD Billion, 2018-2032)
Europe Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
Europe Passenger Drones by Application
Commercial
Personal
Europe Passenger Drones by Rotor
Less Than 10
More Than 10
Europe Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
Germany Outlook (USD Billion, 2018-2032)
Germany Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
Germany Passenger Drones by Application
Commercial
Personal
Germany Passenger Drones by Rotor
Less Than 10
More Than 10
Germany Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
France Outlook (USD Billion, 2018-2032)
France Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
France Passenger Drones by Application
Commercial
Personal
France Passenger Drones by Rotor
Less Than 10
More Than 10
France Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
UK Outlook (USD Billion, 2018-2032)
UK Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
UK Passenger Drones by Application
Commercial
Personal
UK Passenger Drones by Rotor
Less Than 10
More Than 10
UK Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
ITALY Outlook (USD Billion, 2018-2032)
ITALY Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
ITALY Passenger Drones by Application
Commercial
Personal
ITALY Passenger Drones by Rotor
Less Than 10
More Than 10
ITALY Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
SPAIN Outlook (USD Billion, 2018-2032)
Spain Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
Spain Passenger Drones by Application
Commercial
Personal
Spain Passenger Drones by Rotor
Less Than 10
More Than 10
Spain Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
Rest Of Europe Outlook (USD Billion, 2018-2032)
Rest Of Europe Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
REST OF EUROPE Passenger Drones by Application
Commercial
Personal
REST OF EUROPE Passenger Drones by Rotor
Less Than 10
More Than 10
REST OF EUROPE Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
Asia-Pacific Outlook (USD Billion, 2018-2032)
Asia-Pacific Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
Asia-Pacific Passenger Drones by Application
Commercial
Personal
Asia-Pacific Passenger Drones by Rotor
Less Than 10
More Than 10
Asia-Pacific Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
China Outlook (USD Billion, 2018-2032)
China Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
China Passenger Drones by Application
Commercial
Personal
China Passenger Drones by Rotor
Less Than 10
More Than 10
China Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
Japan Outlook (USD Billion, 2018-2032)
Japan Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
Japan Passenger Drones by Application
Commercial
Personal
Japan Passenger Drones by Rotor
Less Than 10
More Than 10
Japan Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
India Outlook (USD Billion, 2018-2032)
India Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
India Passenger Drones by Application
Commercial
Personal
India Passenger Drones by Rotor
Less Than 10
More Than 10
India Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
Australia Outlook (USD Billion, 2018-2032)
Australia Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
Australia Passenger Drones by Application
Commercial
Personal
Australia Passenger Drones by Rotor
Less Than 10
More Than 10
Australia Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
Rest of Asia-Pacific Outlook (USD Billion, 2018-2032)
Rest of Asia-Pacific Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
Rest of Asia-Pacific Passenger Drones by Application
Commercial
Personal
Rest of Asia-Pacific Passenger Drones by Rotor
Less Than 10
More Than 10
Rest of Asia-Pacific Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
Rest of the World Outlook (USD Billion, 2018-2032)
Rest of the World Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
Rest of the World Passenger Drones by Application
Commercial
Personal
Rest of the World Passenger Drones by Rotor
Less Than 10
More Than 10
Rest of the World Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
Middle East Outlook (USD Billion, 2018-2032)
Middle East Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
Middle East Passenger Drones by Application
Commercial
Personal
Middle East Passenger Drones by Rotor
Less Than 10
More Than 10
Middle East Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
Africa Outlook (USD Billion, 2018-2032)
Africa Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
Africa Passenger Drones by Application
Commercial
Personal
Africa Passenger Drones by Rotor
Less Than 10
More Than 10
Africa Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
Latin America Outlook (USD Billion, 2018-2032)
Latin America Passenger Drones by Capacity
Up to 100 kg
Over 100 KG
Latin America Passenger Drones by Application
Commercial
Personal
Latin America Passenger Drones by Rotor
Less Than 10
More Than 10
Latin America Passenger Drones by Component
Airframe
Controller System
Navigation System
Propulsion System
Others
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