A recent forecast for passenger drones and the eVTOL aircraft market predicts dramatic growth from 2025 to 2030, reports dronelife.com. According to new research from MarketsandMarkets on the “eVTOL Aircraft Market … Global Forecast to 2030”, the market is projected to grow from USD162 million in 2025 to USD411 million by 2030, at a CAGR of 20.42 percent.
While researchers predict the passenger drone market will begin making some money through selling units in the next few years, it won’t be until 2025 that the market should properly “take off” due, in part, to a projected relaxation of present regulations.
“The growing demand for an alternative mode of transportation in urban cities as a result of increasing road traffic congestion globally is a major factor driving market growth,” says the report. Urban Air Mobility (UAM) is becoming a significant discussion worldwide, where passenger drones or “optionally piloted” vehicles have a multitude of commercial uses.
The report continues, “By mode of operation, the optionally piloted segment is expected to grow at a higher CAGR during the forecast period.”
It goes on, “The growing demand for autonomous eVTOLs for commercial application is expected to drive this segment. Autonomous aerial vehicles can be used in several areas of operations. These vehicles are programmable autonomous robots that can carry out tasks at high altitudes with increased power capacity.” Key players within this market include EHang, Pipistrel, Lilium, Volocopter, Embraer and Airbus.
The forecast for passenger drones is impressive, particularly when companies like EHang have demonstrated cargo, search and rescue and firefighting capabilities for their optionally piloted vehicles in addition to passenger applications that include aerial sightseeing. And while the Asia Pacific region has led the way for eVTOLs, the report says that Europe is quickly developing into a major market.
In December, a research report from Frost & Sullivan cited that air taxi operations are forecast to commence in 2022 in the Middle East and grow at a compound annual growth rate (CAGR) of 45.9% to reach 430,000 units in operation globally by 2040.
The MarketsandMarkets report concludes, “Europe is one of the growing markets for eVTOL aircraft as countries in this region, such as Germany, France, Estonia, and Bulgaria are actively focused on developing the eVTOL ecosystem to facilitate cost-effective transportation. This is reflected by the increasing number of manufacturing bases for commercial eVTOLs in Europe.”
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