The global “Drone Taxi Market” report published by MarketsandMarkets, reports forecasted growth of the sector from USD 74 million in 2025 to reach USD 860 million by 2030 – a growth rate of 63.0% CAGR during the period. In its press release the company says “The growth of the Drone Taxi market is majorly attributed to the rapid increase in urban demographics and increasing demand of eVTOLs for intracity transportation in various countries”.
The press release highlights three key features as:
- “Based on End Use, Ride Sharing Companies segment is projected to have a larger market share in Drone Taxi market during the forecast period. This growth is attributed to congested cities and need for faster transport with defined travel routes to enable reaching from one destination to another. While ride sharing companies are expected to account for the largest market share during the forecast period owing to a large number of air taxi operators and the expected increase in the adoption of ride sharing taxis post 2025.
- “Based on the Propulsion type, Fully Electric segment is projected for the largest market size during the forecast period. This growth is attributed to the increase in demand for fuel-efficient, high-performance, and low-emission vehicles along with increased endurance over other propulsion systems, thereby enabling eVTOLs to fly for long durations. Fully electric drone taxi manufacturers are expected to account for the largest market share during the forecast period owing to the increase in the demand for high-performance and zero-emission vehicles.
- “North America is forecasted to grow at the highest CAGR during the period from 2025-2030. The market growth in this region can be attributed to strategic partnerships and funding related to the use of drone taxis by concerned authorities in North American countries”.
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(Image: Markets and Markets)