Drone taxis might soon be flying in cities around the world: report
Drone taxis might soon be introduced in a city near you, according to a recent Markets and Markets report.
The global market for drone taxis is expected to grow from an estimated $74 million in 2025 to reach $860 million by 2030, a compound annual growth rate (CAGR) of 63%, according the study, Drone Taxi Market – Global Forecast to 2030.
The 44-page report studied the potential growth of the market for drone taxis used to carry passengers for intracity or intercity transportation. “Drone taxis are designed to fly remotely piloted or autonomously, avoid obstacles, and take-off, fly and land precisely every time. Drone taxi propulsion can be fully electric or hybrid electric,” the report states.
The North America market is forecasted to see the fastest growth rate during the five-year period covered by the study. The U.S., with a projected CAGR of 104.3%, is the leading country in this region. Researchers point to strategic partnerships between drone-taxi manufacturers and ride-sharing companies, as well as robust investment in the business segment as the drivers behind the growth in the North American drone-taxi market.
“For instance, in January 2020, Joby Aviation entered into a strategic partnership with Toyota and Uber,” the study says. “Air taxis are likely to witness heightened demand for urban transportation in this region.”