At 29.5% CAGR, Passenger Drones Market Size Set to Register 1419.5 million USD by 2026

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Being capable of vertical takeoff and landing (VLOT), these can replace driving on roads in cities. Passenger Drones will solve the problem of transport during peak travel time and overcoming obstacles like bridges or lakes. Not just daily commute, passenger drones can be of great significance in adversities and be used for rescue, search operations, emergency supply delivery or air ambulance.

The report ‘Passenger Drones Market Share, Size, Trends, & Industry Analysis Report, By Component (Hardware, Software, Services); By Capacity (Less than 100 kg, More than 100 kg); By End-User (Personal, Commercial); By Region: Segment Forecast, 2019 – 2026’ provides an extensive analysis of present market dynamics and predicted future trends. In 2018, the hardware segment dominated the global passenger drones industry, in terms of revenue. Europe was the leading contributor to the global market in 2018.

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