WiseGuyReports.Com Publish a New Market Research Report On –“ Passenger Drones Market 2019 : Manufacturers Analysis,Applications,Demand by Regions & Forecasts to 2026”.
Pune, India - September 23, 2019 /MarketersMedia/ —
Passenger Drones Industry 2019
Description:-
These days, people are preferring Passenger Drones to move short or medium distance. As these drones can perform vertical takeoff and vertical landing, most people considering it as an alternative of the day today taxi in the near future.
Passenger Drones can be best utilized in a crowded place to avoid traffic and to cross any water body or any offroad travel.
Passenger Drones also can be used in varieties of tasks like search operations, air ambulance, rescue, emergency supply, and military transportation.
This technological innovation carries out the same task faster, cheaper, and in a cleaner way. As a result, the demand for passenger drones is increasing.
The global passenger drones market is estimated to reach USD 1,419.5 million by 2026 growing at a CAGR of 29.5% during the forecast period.
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Market Segmentation of passenger drones
Component, capacity and end-users can segment the market for Passenger Drones. Component segmentation includes Software, Hardware, and Services. The capacity section includes drones of less than 100 kg and drones of more than 100 kg. By end-user, the market can be segmented into the personal and commercial sector. According to a report, the hardware segment contributes the most in the global passenger drone market, in terms of revenue followed by the software sector. The hardware segment includes modern advanced cameras, frames, propulsion system, navigation systems, controllers, and others.
Global market segmentation according to regions
The geographical market segmentation of Passenger Drones includes regions like North America, Asia-Pacific, Europe, Middle East, and Africa, and Latin America.Some of the focused countries are the USA, Canada, Brazil, Mexico, Italy, Spain, Australia, Korea, Belgium, Russia, Singapore, South Africa, Malaysia, Thailand, the Philippines, Germany, the UK, India, Indonesia, Brazil, Argentina, China, Japan, France, Netherlands, UAE and Saudi Arabia.
The Europian region emerged as the global leader in 2018. The increasing demand for an efficient journey and the growing population are the major cause for growth. Aspects like a huge investment and superior infrastructure are also helping Europe to lead market growth.
Key players in the market
Some of the key global players in the Passenger Drones industry are Volocopter GmbH, Joby Aviation, Uber Technologies Inc., Airbus S.A.S., Cartivator, Terrafugia, Astro Aerospace, AeroMobil, Lilium, Ehang and Boeing.
These companies contribute the major share of revenue in the global market. These companies are using innovation as a tool to stand out of the crowd. They are consistently launching varieties of new products which will help the industry in long-run.
These giant companies are acquiring small hardware and software companies to refine the existing products and improve their reach.
Current news on passenger drone
Intel joins hand of Volocopter to develop VC200 Passenger Drones. This is a two-seater and first time explored the North America sky. It has already completed its test flight in Dubai. VC200 is completely electric, it can fly for 30 minutes continuously, and it has a maximum range of 17 miles.
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Source: MarketersMedia
Release ID: 88921755
