According to the research report titled ‘Global Drone Taxi Market Size study, by system (Structure, Avionics, Interior, Propulsion, Other) by propulsion type (Fully Electric, Hybrid, Electric Hydrogen) by passenger capacity (Up to 2, 3 to 5, More than 5) by end-use (Ride Sharing Companies, Scheduled Operators, Hospital and Medical Agencies, Private Operators) by range (Intracity, Intercity) by autonomy (Remotely Piloted, Fully Autonomous) and Regional Forecasts 2021-2027‘, available with Market Study Report, global drone taxi market is slated to record significant growth over 2021-2027.
 

As per the report findings, factors such as rising demand for alternative mode of transportation in urban mobility, smart city initiatives, and improved regulatory framework are catalyzing the growth of global drone taxi market.
 

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Strategic initiatives by major players to expand their presence are significantly contributing to the market development. For instance, Lilium GmbH signed an agreement with Qell Acquisition Corp. in March 2021, to boost the market for 7-seater Lilium jet. Also, Uber Technologies Inc., invested USD 75 million in Joby Aviation in December 2020, wherein Uber Elevate was acquired by the latter.
 

Further, growth in electric vehicles is projected to offer new revenue stream for the manufacturers in the market. Moreover, development of environment-friendly technologies for the product manufacturing is anticipated to accelerate global drone taxi industry expansion.
 

For the unversed, drone taxi is pilotless helicopter that can fly at a speed of 130km per hour approximately and comes in electric and hybrid-electric variant. It is used to commute as a public transport and helps in reducing traffic congestion, noise pollution, and improving transportation efficiency.
 

Despite the positive outlook, oversupply of the drone, as well as safety concerns regarding their applications are likely to hamper the market expansion over the stipulated timeframe.
 

Regionally, North America, Europe, Asia Pacific, and Latin America are major benefactors to the industry remuneration. Among these, North America currently holds a major market share, attributable to growing presence of eVTOL aircraft manufacturers in the U.S., and soaring investments by key players to develop the infrastructure for passenger drones. 
 

Leading companies in worldwide drone taxi industry sphere are  Aston Martin Lagonda, Rolls-Royce Motor Cars Ltd., Guangzhou EHang Intelligent Technology Co. Ltd., Lilium GmbH, The Boeing Company, Audi AG, Uber Elevate, Volocopter GmbH, Joby Aviation, and Airbus SE.