Drone Taxi is being developed by both start-ups and established businesses, including Boeing, Hyundai, Airbus, Toyota, and Uber. Toyota, Uber, Hyundai, Airbus, and Boeing have all promised to transport passengers through the sky in flying taxis. The idea is to connect metropolitan areas with suburbia while avoiding traffic. Air taxis might travel at speeds of up to 180 mph at altitudes ranging from 1,000 to 2,000 feet. Venture-backed start-ups like Uber, as well as big car and airline industries, are all vying for a piece of this embryonic industry. The company has the potential to drastically alter the urban mobility sector, and investors are spending millions of dollars on commercialization initiatives. They are drawn to the notion that electric air taxis have the potential to significantly reduce operating and maintenance expenses. Drone Taxi comes in a variety of forms and sizes, and many of them look nothing like traditional fixed-wing aircraft. Electric motors replace jet engines, and vertical takeoff and landing (VTOL) aircraft feature spinning wings and, in certain cases, rotors in place of propellers to obviate the need for long runways. Only a few businesses are producing vehicles that resemble automobiles with wings.
Increasing demand for autonomous air ambulance vehicles and More efficient batteries and advanced manufacturing techniques
Market Growth Drivers:
Growing demand for an alternative modes of transportation in urban mobility, Smart city initiatives and Improved regulatory framework
Concerns related to lithium batteries, Restrictions on commercial use of drones, Implementation of required ground infrastructure, Cybersecurity concerns and Lack of skilled and trained operators
The key Manufacturers profiled in the report are Airbus (Netherlands), Boeing (United States), Textron (United States), Ehang (China), Joby Aviation (United States), Volocopter (Germany), Lilium (Germany), Opener Aero (United States), Tetra (Japan) and Urban Aeronautics (Israel). Additionally, other players that are of this comprehensive study are Pipistrel, Moog, Karem Aircraft, Xeriant, Zhejiang Geely and Varon Vehicles Corporation.