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Drone Taxi Market Predicted to Grow to more than $800 Million

Urban air mobility in the U.S. is moving forward – the infrastructure and investment are well underway to bring drone taxis to cities.  Reports predict that North America will grow at the highest rate during the next 5-10 years, and research and development is ramping up.

The market is predicted to grow from an estimated $74 million in 2025 to $860 million by 2030, and although the actual service will not be available everywhere in the U.S. by 2030, the need is clear.  Major industry players are forming strategic partnerships, and international regulatory bodies are investing heavily in the drone taxi market. 

An article in DroneLife by Miriam McNabb states, “In January 2020, Joby Aviation, a U.S. electric air mobility manufacturer, entered into a strategic partnership with Toyota and Uber.  Joby Aviation plans to go public in a reverse merger with Reinvent Technology Partners, a $690 million publicly listed ‘blank check company.’  Air taxis are likely to witness heightened demand for urban transportation in this region.”

Ride sharing companies, such as Uber, are predicted to have the largest share in the Drone Taxi market; its growth attributed to congested cities and the need for faster transportation, the significant number of air taxi operators, and the adoption of ride sharing taxis post 2025 as the go-to means of intracity transportation.

The global key players in advance air mobility responding to increased demand for eVTOLs (electric vertical takeoff and landing aircraft) include:

  • Boeing and Joby Aviation in the U.S.
  • Airbus in the Netherlands
  • Lilium and Volocopter in Germany
  • Ehang in China
  • And Japan and Korea company leaders.