#Volocopter GmbH

[thepastisalreadywritten]

Coming soon: Flying taxis at 2025 World Expo

Kyodo News | 22 February 2023

ANA Holdings Inc., Japan Airlines Co. and three other companies have been selected to operate air taxi services during the 2025 World Exposition to be held in Osaka in western Japan, the event's organizer said Tuesday.

Japan wants the "flying cars" to be one of the main attractions at the expo, with the next-generation mobility expected to provide access to the event venue to be set up on an artificial island in Osaka Bay.

ANA Holdings, the parent of All Nippon Airways Co., will partner with U.S. startup Joby Aviation Inc., a company in which Toyota Motor Corp. has a stake.

Other companies selected as operators are SkyDrive Inc., based in Aichi Prefecture, and trading firm Marubeni Corp.

Naoki Okada, minister in charge of the World Expo 2025, said he hopes the technology will "surprise" people around the world.

He also called on the five companies to cooperate on demonstration flights prior to the start of the 184-day event.

The flying cars, which will carry two to five people each, will connect the three areas of the exposition venue on Yumeshima, central Osaka city, and nearby Kansai International Airport.

Their flight routes, landing and takeoff areas are to be determined.

ANA Holdings will operate a five-seat vertical takeoff and landing aircraft developed by Joby Aviation.

In October, the California-based company applied for its aircraft design to be certified for use in Japan.

JAL will operate two-rider aircraft developed by German firm Volocopter GmbH, while Marubeni will operate five-seater aircraft created by Vertical Aerospace Group Ltd., a British company, after reserving in January delivery slots for 25 of them.

SkyDrive is looking to get a type certificate for its two-rider aircraft, still in development, before the exposition.

Meanwhile, the operator of the takeoff and landing sites at the exposition venue on Yumeshima will be Orix Corp., according to the Japan Association for the 2025 World Exposition.

The World Expo 2025 will last from April 13 through October 13 under the theme "Designing Future Society for Our Lives."

==Kyodo

[techninja]

Urban Air Mobility Market: Revolutionizing Transportation with Electric Vertical Takeoff and Landing Aircraft

The urban air mobility market is poised to revolutionize the way we travel within cities. With the increasing need for efficient, sustainable, and environmentally friendly transportation solutions, electric vertical takeoff and landing (eVTOL) aircraft are gaining popularity. These innovative aerial vehicles offer a promising solution to address urban congestion challenges and provide faster, safer, and more eco-friendly transportation alternatives.

Market Size and Growth

The global urban air mobility market size was valued at $2.3 billion in 2021 and is projected to reach $30.7 billion by 2031, growing at a compound annual growth rate (CAGR) of 30.2% from 2022 to 2031

This significant growth is driven by the increasing demand for sustainable transportation solutions, advancements in technology, and government initiatives to promote urban air mobility.

Key Players

The urban air mobility market is dominated by key players such as EHang, Lilium Gmbh, Airbus, Wisk Aero LLC., Bell Textron, Volocopter GmbH, Workhorse Group Inc., Joby Aviation., Kitty Hawk, and Archer Aviation

These companies are investing heavily in research and development to improve the efficiency, safety, and sustainability of their eVTOL aircraft.

Challenges and Opportunities

While the urban air mobility market presents significant opportunities for growth, it also faces several challenges. Safety concerns, public trust, and regulatory hurdles are some of the major obstacles that need to be addressed

However, the market is expected to overcome these challenges with the development of advanced technologies and the establishment of a robust regulatory framework.

Future Trends

The urban air mobility market is expected to witness significant growth in the coming years, driven by the increasing adoption of eVTOL aircraft and the development of vertiports and other infrastructure

The market is also expected to see the emergence of new players and the expansion of existing ones into new regions.

Conclusion

The urban air mobility market is poised to revolutionize the way we travel within cities. With the increasing demand for sustainable transportation solutions and advancements in technology, eVTOL aircraft are gaining popularity. The market is expected to witness significant growth in the coming years, driven by the increasing adoption of eVTOL aircraft and the development of vertiports and other infrastructure.

[certainrebelarbiter]

Urban Air Mobility Market share 2028

The urban air mobility market size was USD 2.90 billion in 2020. The market is projected to grow from USD 3.01 billion in 2021 to USD 8.91 billion in 2028 at a CAGR of 16.77% during the 2021-2028 period. This vital information is presented by Fortune Business Insights™, in its report titled, “Urban Air Mobility Market, 2021-2028.” Factors such as increasing urbanization and degrading traffic conditions will boost the market during the forecast period. Also, the rising demand for creating faster, cleaner, safer, and interconnected transportation will fuel the growth of the market. 

COVID-19 Impact

COVID-19 Pandemic to Usher Unparalleled Challenges for the Market Leading to Limited Growth

The ongoing COVID-19 pandemic has significantly harmed the supply chain of the urban air mobility sector. Constant lockdowns and volatility in raw material pricing have hampered the development cycle for UAMs, further delaying the launching of new products. Many dominant players have lost gross business revenues due to lockdowns and restrictions on people’s movements. These measures have led to delays in development and lower revenue generation for the prominent players.

List of Key Players Present in the Market

Textron Inc. (U.S.)

Uber Technologies Inc. (U.S.)

Airbus SE (Netherlands)

Ehang (China)

Safran SA (France)

Volocopter (Germany)

Lilium Aviation GmbH (Germany)

Carter Aviation (U.S.)

AIRSPACEX (U.S.)

Aurora Flight Sciences (U.S.)

Segments

Vehicle Type, Range, Operation, End User, and Region are studied for the Market

Based on vehicle type, the market is segmented into air taxis, air metro, air ambulance, last-mile delivery, and others.

By range, the market is divided into intercity and intracity.

In terms of operation, the market is broken down into including piloted, hybrid, and autonomous.

By end user, the market is fragmented into ride-sharing companies, scheduled operators, e-commerce companies, hospitals and medical agencies, and private operators.

In terms of geography, the market is categorized into North America, Europe, Asia Pacific, and the Rest of the World.

Report Coverage

The report focuses on providing a detailed insight into the inner working of the urban air mobility sector by uncovering the segments and subsegments for the market. Factors such as R&D capabilities and optimization of the manufacturing process for the dominant players are covered. Besides, ongoing market trends and upcoming industry developments are noted. The report also focuses on several growth factors that have contributed for the growth of the market over the past years.

Drivers & Restraints

Rising Demands for Green Solutions to Bolster Market Growth

Rising demand for alternative modes of transport and rocketing road traffic is expected to boost the urban air mobility market growth during the forecast period. Also, the growing urban population and increasing growing urban population will fuel the growth of the market. Additionally, utilization of autonomous UAMs is expected to bore lower pollution, short travel times, and decrease demand on current transportation infrastructure. These factors will boost market growth.

However, factors such as rising security concerns, high initial investment, and limited government support in terms of the regulatory framework will limit the market during the forecast period.

Regional Insights

North America to Hold Largest Market Share Due to Presence of Dominant Players

North America will capture the largest urban air mobility market share during the forecast period, owing to the increasing presence of dominant players coupled with rising adoption measures. Also, rising air traffic among residents will fuel the demand for air taxis and airport shuttle services. Factors such as last-mile and freight services coupled with eVTOL aircraft will boost the market growth.

Europe will register the fastest-growing market during the forecast period due to the region being the breeding ground for a majority of technology innovations. Rising investment opportunities, as well as the presence of prominent players, will foster growth for the market.

Competitive Landscape

Product Development to be at the Forefront for Developing a Sustainable Market

The market for urban air mobility is still at a budding stage with the dominant players competing for capturing a larger consumer base. The market is expected to grow at a steady rate by strategies such as collaboration, mergers & acquisitions, and developing and launching novel products to capture an attentive audience. For example, in May 2021, Volocopter revealed the Voloconnect. It is an electric vertical take-off and landing aircraft (eVTOL), which is designed for connecting suburbs and cities. This product will integrate with Volocopter’s existing intra-city aircraft series.

Industry Development

July 2021: Klein Vision Flying Car completed its maiden intercity trip. The ride was recorded at 35 minutes and took around 3 minutes to transform from a car to an aircraft.

Information Source-

[stevecarell600]

Medical Drone Market Impressive Growth, In-Depth Analysis of Company Profiles by 2028

The global medical drone market size was USD 194.7 million in 2020. The global impact of COVID-19 has been unprecedented and staggering, with medical drones witnessing a positive demand shock across all regions amid the pandemic. Based on our analysis, the global market exhibited a stellar growth of 30.8% in 2020 as compared to the average year-on-year growth during 2017-2019. The market is projected to grow from USD 254.7 million in 2021 to USD 1,410.9 million in 2028 at a CAGR of 27.70% in the 2021-2028 period. Medical drones, also known as medical delivery drones, are unmanned aerial vehicles (UAVs) that are designed to transport medical supplies, equipment, and even human organs to remote or hard-to-reach locations

Information Source: 

Medical drones have the potential to revolutionize the way medical supplies are transported, particularly in areas with poor infrastructure or where access to medical supplies is limited.

Medical drones can be used to deliver a wide range of medical supplies, including vaccines, blood products, medication, medical equipment, and diagnostic tests. They can be programmed to fly autonomously or operated remotely by a human pilot. In either case, medical drones are equipped with GPS technology, cameras, and sensors that allow them to navigate and avoid obstacles.

 List of Key Players Profiled in Medical Drone Industry Report

Zipline Inc. (San Francisco, United States)

Volocopter GmbH (Bruchsal, Germany)

Volansi Inc. (San Francisco,United States)

Matternet Inc. (Mountain View, United States)

Manna Drone Delivery Inc. (Dublin, Ireland)

Flytrex Aviation Ltd. (Tel Aviv, Israel)

Flirtey Holdings Inc. (Reno, United States)

Vayu Inc. (Ypsilanti, United States)

Skyports Ltd. (Billericay, United Kingdom)

Ebre Drone LLC (Tarragona, Spain)

Swoop Aero Pty. Ltd. (Docklands, Australia)

Skyfarer Ltd. (Coventry, United Kingdom)

Medical drones offer several advantages over traditional modes of medical supply transportation. For example, they can travel much faster than ground transportation, which can be critical in emergency situations. Medical drones also have the potential to reduce the risk of contamination and spoilage of medical supplies, as they can transport them directly from the source to the destination without the need for intermediate handling.

One of the most promising applications of medical drones is the transport of human organs for transplantation. Currently, human organs are transported by commercial airlines or ground transportation, which can take several hours and increase the risk of organ damage or spoilage. Medical drones offer a potentially faster and safer alternative for transporting organs, as they can fly directly to the destination and avoid the delays and potential damage associated with traditional transportation methods.

Driving Factor

High Demand for Drones in Healthcare Applications to Propel Market Growth

The increasing demand for monitoring and surveillance of public areas and the advent of new logistical alternatives than the conventional supply chain modes is propelling governments worldwide to invest in medical drone technology. Moreover, in this pandemic situation, human contact has been suspected to be a vehicle of viral transmission. Thus drone technology is a clear winner in this situation. Thus, there has emerged an urgent need for contactless and efficient technology. For instance, in October 2019, the UPS Flight Forward Inc. has received U.S. government approval with the Federal Aviation Administration's and standard certification to exercise drone airline operations. In response, the company launched its first drone delivery flight at WakeMed Hospital in Raleigh, NC, by using a quadcopter Matternet M2. These factors are driving the medical drone market growth.

Market Segmentation:

By type, the market is segmented into fixed-wing, rotary-wing, and hybrid. Technology is divided into fully autonomous, semi-autonomous, and remotely operated. By the package size, it is trifurcated into <2 KG, 2-5 KG, and 5 KG <. On the basis of its service, it is divided into hospital-based, independent, and government. Based on its logistical application, it is divided into emergency blood logistics, medicinal drugs logistics, medical equipment logistics, surgical equipment logistics, vaccine logistics, emergency organ logistics, and emergency ambulatory support. By End-user, it is segmented into emergency medical services, blood banks, hospitals, and others.

Finally, based on region, the market is categorized into North America, Europe, Asia Pacific, and the Middle East & Africa.

However, there are also several challenges associated with the use of medical drones. One of the biggest challenges is regulatory approval, as medical drones are subject to strict regulations by aviation authorities and healthcare regulators. There are also concerns around safety and privacy, particularly if medical drones are operated in densely populated areas or over private property.

What does the Report Provide?

The market report for medical drone provides a detailed analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers different regions, contributing to the growth of the market. It includes the competitive landscape that involves the leading companies and the adoption of strategies to introduce new products, announce partnerships, and collaborate to contribute to the growth of this market.

Despite these challenges, medical drones have the potential to revolutionize the way medical supplies are transported, particularly in areas with poor infrastructure or limited access to medical supplies. As technology continues to advance, the use of medical drones is likely to become more widespread, and could potentially save countless lives by improving access to vital medical supplies.

Regional Insights

North America to Dominate Backed by Increasing Number of Registered Drones

North America is expected to remain at the forefront and hold the highest position in this market during the forecast period owing to a large number of drones, i.e., around 872,694 drones that are registered for use under Federal Aviation Administration (FAA,) in 2021. The region’s market stood at USD 79.88 million in 2020.

Asia Pacific is expected to showcase significant medical drone market share during the forecast period owing to the high adoption rate and investment by OEMs and governments. Furthermore, the presence of the OEMs in the region, such as DJI, and global players such as Zipline.

The Middle East is anticipated to be the fastest-growing region during the forecast period.

Competitive Landscape

Key Players to Focus on Partnerships to Strengthen Their Market Positions

This market is consolidated by major companies striving to maintain their position by focusing on new launches, partnerships, and agreements. For instance, in February 2021, the Government of Kaduna State, in Nigeria, signed a medical delivery agreement with Zipline for airdropped COVID-19 Vaccine shipment as it would have reduced the dependency of the state to invest in the cold chain storage. Furthermore, this agreement is expected to pave the way for enhanced services such as on-demand blood products, medications, and other vaccines.

[alliedcreation]

Urban Air Mobility (UAM) Market is likely to grow at a CAGR of 30.2% through 2031, reaching US$ 30.7 billion

 “Urban Air Mobility(UAM) Market," The urban air mobility(uam) market size was valued at $2.3 billion in 2021, and is estimated to reach $30.7 billion by 2031, growing at a CAGR of 30.2% from 2022 to 2031.

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Urban air mobility is now proving to be a practical means of transport for moving people and cargo in innovative, cost-efficient ways. Urban air mobility guarantees to improve the current transportation ecosystem from congested roads and traffic conjunction. Urban air mobility has the potential to boost the effectiveness of the current transportation systems by minimizing distance traveled and enhancing sustainability. Urban air mobility will be thoroughly incorporated using the existing infrastructure and networks for transportation for connections at the first and last miles. The development of eVTOL aircraft which are able to take vertical takeoff has gotten the attention of major market players in urban transportation, which is a major factor estimated to propel the urban air mobility(UAM) market demand in the upcoming years.

However, some of the disadvantages of urban air mobility include its high initial investment cost. Urban air mobility is a flying vehicle that is developed to operate both on road and air but it requires to create of a suitable infrastructure for operating these vehicles in urban cities mostly in densely populated cities which includes a high investment cost in developing suitable infrastructure as well as there is chances of increase in noise pollution as these vehicles are using rotary blades for flying. These factors are going to hamper the urban air mobility(UAM) market growth in the forecasted period.

The use of urban air mobility vehicles as air taxis is anticipated to gain traction. This is because urban air mobility is flying vehicles that are used for transportation or either passenger or goods from one destination to another destination within urban areas. These vehicles are having the capabilities to take off and land vertically this ability of urban air mobility vehicles is going to make these vehicles perfect for air taxis in urban areas. Also, these vehicles are using electric energy for running it makes it a cost-effective and pollution-free mode of urban transportation. For instance, the Volocopter the urban air mobility company has plans to introduce air taxis in Singapore in 2024.

The global urban air mobility market share is segmented based on platform, platform operations, range, platform architecture, and region. By platform, it is classified into air taxis, air shuttles & air metro, personal air vehicles, cargo air vehicles, air ambulance & medical emergency vehicles, and last-mile delivery vehicles. By platform operations piloted and autonomous. By range intercity and intracity. By platform architecture rotary wing and fixed-wing hybrid. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The key players profiled in the urban air mobility market report include market players are Ehang, Lilium Gmbh, Airbus, Wisk Aero LLC., Bell Textron, Volocopter GmbH, Workhorse Group Inc., Joby Aviation., Kitty Hawk, and Archer Aviation.

The report offers a comprehensive analysis of the global urban air mobility market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the present urban air mobility(UAM) market trends, scenarios, and developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and the emergence of substitutes in the market.

Impact of Covid-19 on the Global Urban Air Mobility Market

The COVID-19 epidemic has had an enormous effect on every industry. Since most of the major companies in the Urban Air Mobility (UAM) sector are either directly or indirectly connected to the aviation sector, which has been significantly impacted by the pandemic, the UAM sector has also been negatively impacted.

The UAM sector, which is still developing, experienced robust growth before the COVID-19 epidemic, with a healthy pace of innovations and significant investments.

COVID-19 impacted almost all industries and the urban air mobility vehicle producing companies ceased their operations owing to import-export restrictions, lockdown imposed across several countries, shortage of labor the fear of contracting the novel coronavirus led to sluggish demand in the market.

Social distancing norms closed borders, and production constraints, due to the pandemic, across various countries such as China, India, and the U.S. have affected the urban air mobility(UAM) industry.

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Key Findings of the Study

Based on the platform, the air taxis sub-segment emerged as the global leader in 2021, and the last-mile delivery vehicles sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.

Based on platform operations, the piloted sub-segment emerged as the global leader in 2021 and the autonomous sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.

Based on range, the intercity sub-segment emerged as the global leader in 2021 and the intracity sub-segment is predicted to show the fastest growth in the upcoming years.

Based on platform architecture, the rotary wing sub-segment emerged as the global leader in 2021 and the fixed-wing hybrid sub-segment is predicted to show the fastest growth in the upcoming years.

Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain the position during the forecast period.

[priyanshisingh]

Air Taxi Market Analysis Demand, Statistics, Top Manufacturers, Revenue by Reports and Insights 2030

The latest market report published by Credence Research, Inc. “Global Air Taxi Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The Air Taxi Market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 25.58% between 2022 and 2030. The market was valued at USD 1.3 billion in 2022 and is expected to reach USD 6.40 billion in 2030.

The air taxi market is driven by several factors, including the increasing need for efficient and time-saving transportation solutions in congested urban areas and advancements in technology. As urbanization and population growth lead to rising traffic congestion, there is a growing demand for alternative modes of transportation that can bypass ground traffic and provide quicker point-to-point travel. Air taxis, with their ability to offer faster and more convenient transportation, are well-positioned to address this need. Additionally, technological advancements in electric propulsion, autonomous flight, and digital connectivity have opened up new possibilities for air taxi services.

Despite the challenges, the air taxi market offers significant growth opportunities. The rising awareness of climate change and the environmental impact of transportation presents a compelling opportunity for air taxis, which have the potential to significantly reduce carbon emissions compared to traditional vehicles. Governments and regulatory bodies are introducing supportive regulations and frameworks to encourage the development and adoption of air taxis. Many companies are also incorporating sustainability goals into their strategies, leading to partnerships and investments in air taxi companies and technologies.

North America holds a dominant position in the air taxi market, with significant market share. The region benefits from a growing number of air taxi companies and a favorable regulatory environment. However, the Asia-Pacific region has shown promising growth potential, with companies like EHang, Hyundai, and SkyDrive conducting test flights and exploring partnerships with local governments and transportation authorities.

The air taxi market dynamics are experiencing a notable shift in recent years, driven by advancements in technology and changing consumer preferences. This emerging industry is poised to revolutionize urban transportation by offering an innovative solution that combines the benefits of helicopters and traditional taxis. Air taxi services provide a convenient and efficient mode of travel, allowing passengers to bypass congested roads and reach their destinations quickly. The increasing demand for time-saving solutions, especially among business travelers and affluent individuals, has fueled the growth of this sector. Moreover, as cities become more crowded, air taxis offer a promising alternative that can alleviate traffic congestion while reducing carbon emissions.

Key players in the global air taxi market include Airbus SE, Textron Inc., The Boeing Company, EHang Holdings Limited, Joby Aviation, Volocopter GmbH, Kitty Hawk Corporation, Hyundai Motor Company, Lilium GmbH, Jaunt Air Mobility LLC, and Wisk Aero LLC. These companies are focused on technological advancements, partnerships, and collaborations to stay competitive in the market.

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The report provides a qualitative as well as quantitative analysis of the global Air Taxi Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.

The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.

Major nations in each region with their import/export statistics

The global Air Taxi Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.

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[automotiveera]

Urban Air Mobility Market Will be Dominated by North America

The total revenue generated by the urban air mobility market is USD 895.0 million in 2023, and it will reach USD 6,889.4 million by 2030. Also, it will power at a rate of 33.9% by the end of this decade, as stated by a market research firm, P&S Intelligence.Moreover, passenger flight on low-altitudes will be a lot costlier than last-mile and cargo delivery services. Intercity flights will demonstrate the faster growth in the urban air mobility services by the end of this decade.

This will be for the reason that of the longer flight range of eVTOL aircraft because of the rapid tech progressions in the battery, motor, and fuselage.North America will have the largest share in urban air mobility market. This is because people living in major cities of the continent will increasingly choose for air taxi and airport shuttle services because of the increasing traffic congestion. Also, in the U.S., last-mile and cargo services will be broadly provided with eVTOL aircraft, positively impacting the expansion of the market.

The deteriorating road traffic conditions in extremely inhabited cities are a main factor fueling the expansion of industry. The increasing road traffic in cities is triggering long traffic jams, leading to the wastage of precious time.

This is then slowing down the financial development of several countries. For instance, Americans, averagely, spend 90 hours in traffic jams on a yearly basis.Also, traffic jams increase the annual cost of transportation of Americans by over USD 1,000.

Moreover, the growing road traffic congestion is bringing about a sharp  increase in the road accidents cases, particularly in China, India, and Indonesia. Due to these reasons, the acceptance of autonomous aerial mobility solutions is increasing rapidly, fueling the market progress from 2023.

Subsequently the urban air mobility is a future opportunity, main companies eager to make a fortune are indulging in partnerships and joint ventures, for giving the maximum success opportunity.Main players in the industry are Airbus SE, Kitty Hawk Corp., The Boeing Company, Lilium GmbH, Textron Inc., Zipline Inc., Uber Technologies Inc., Volocopter GmbH, EHang Holdings Ltd., and Airspace Experience Technologies Inc.

[imr-riya]

Medical Drones Market: Global Industry Analysis and Forecast 2022 – 2028

Medical Drones market size is projected to reach USD 493.23 Million by 2028 from an estimated USD 109.42 Million in 2021, growing at a CAGR of 24% globally.

Drones are often known as unmanned aerial vehicles (UAV). This term was first coined in the 1980s to describe remotely controlled, or autonomous, multi-use aerial vehicles. The well-known public term drone was first coined due to the resemblance of the loud and rhythmical sound of old military unmanned target aircraft to that of a male bee. In 1942, the Navy established a radio-controlled drone that carried a torpedo. The origins of UAVs can be dated back to World War I, almost 100 years back. While UAVs were initially created for the military, they are now being utilized for a wide variety of applications. Recently, the US military force used a drone controlled by the USA to selectively terminate an Iranian General in Baghdad. The recent advancement in technology has revolutionized the perspective towards drones. Drones have significantly proven their worth in the healthcare and medical sector. The drones used in this field can be referred to as medical drones. Medical drones are used to supply medical equipment, blood, organs, and pharmacy products. Drones are widely praised for their capacity to overcome the challenges faced by the healthcare delivery system that previously hindered access to healthcare services, for people particularly those living in remote or hard-to-reach areas. Drones are dignified to ramp up the retrieval and delivery of life-saving products such as vaccines or blood packs and increase access of people living in hard-to-reach rural and remote communities to a range of healthcare supplies, expertise, and procedures.

An exciting investigation approach was utilized to conduct a thorough evaluation of the global Medical Drones Systems market's evolution and draw conclusions about the industry's future development potential. This method combines essential and auxiliary research, allowing investigators to ensure that their decisions are accurate and reliable. A market analysis for each district, a development rate for each location, design discovery based on documented information for the site, and an overall PESTEL assessment of the business are all part of the local exploration.

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Key Industry Players in Medical Drones Market:

·         Flirtey (US)

·         Zipline (US)

·         DJI (China)

·         Volocopter GmbH (Germany)

·         Wingcopter (Germany)

·         Everdrone AB (Sweden)

·         Flytrex Inc (Israel)

·         Skyfarer LTD (UK)

·         MATTERNET (US)

·         ANA HOLDINGS INC. (Japan)

·         EMBENTION (Spain)

·         SkyLark Drones (India)

·         Grene Robotics (India)

·         ideaForge (India)

·         Freefly Systems (US) and others Major Players.

 Medical drones are very useful in accessible areas to provide medical supplies such as medicines, vaccines and medical supplies. With these medical drones, secure and rapid distribution is carried out in remote areas, war-torn areas, or inaccessible areas. Recently, the use of medical drones has become popular in government and health services to help reduce infectious and life-threatening illnesses. Medical drones are undergoing continuous research and development to produce new products with fast and accurate delivery.

Segmentation Analysis Includes,

By Type:

·         Fixed-Wing

·         Multi-Rotor

·         Single-Rotor Helicopter

·         Hybrid

·         Others

By Technology:

·         Autonomous

·         Semi-Autonomous

By Carrying Capacity:

·         Micro (Up To 2 Kilos)

·         Mini (2 To 20 Kilos)

·         Small (21-150 Kilos)

·         Large (Exceeding 150)

By Applications:

·         Blood Delivery

·         Vaccine Delivery

·         Drug Delivery

·         Aerial Disinfection

·         Monitoring and Warning

·         Telehealth

·         Others

By End-Users:

·         Emergency Medical Services

·         Blood Banks

·         Virological Labs

·         Pathological Labs

·         Hospital

·         Others

By Region:

·         North America (U.S., Canada, Mexico)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)

·         Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)

·         South America (Brazil, Argentina, Rest of SA)

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Key Questions Answered in the Report:

·         How much is the medical drone market worth?

·         At what CAGR is the medical drone market projected to grow in the forecast period (2022-2028)?

·         What is the key driving factor of the market?

·         What are the key strategies adopted by renowned companies in the global medical drone market?

·         Which region will lead the global medical drones market?

Considering the present scenario, COVID-19 has left an unprecedented global public health crisis that has impacted practically every business, and its long-term repercussions are expected to have an influence on industry growth during the forecast period. Our ongoing research is enhancing our research approach to guarantee that fundamental COVID-19 concerns and potential solutions are included.

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Demand for vaccines and medicines to treat COVID19 is expected to significantly grow the pharmaceutical and biotechnology industries over the next few years. After the pandemic, the use of medical drones after Covid 19 has increased significantly. It has gained such popularity in the pandemic situation for supplying medicines, blood and vaccines. Medical drones are typically used in remote or inaccessible locations.

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https://introspectivemarketresearch.com/reports/drone-surveillance-market-for-energy-market/

https://introspectivemarketresearch.com/reports/remote-drone-identification-system-market/

https://introspectivemarketresearch.com/reports/smart-drone-services-market/

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Air Taxi Market Demand, Share, Forecast 2022-2028

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated Global Air Taxi Market size at USD 763.81 million in 2021. During the forecast period between 2022 and 2028, BlueWeave expects the global air taxi market size to grow at a high CAGR of 34.1% reaching a value of USD 5,735.1 million by 2028. Major growth factors for global air taxi market include spurring demand for an alternate method of transportation due to road traffic congestion; increasing government efforts around the world; growing investments by major aviation companies; increased activities in research, development, and innovations; and favorable impact of various startups and top players on the development of several types of air taxis.

Air Taxi – Overview

An air taxi is a type of aircraft with well-organized operations and is designed to cover short distances. In 2001, NASA and the aerospace industry first proposed the idea of an air taxi in a study on the prospective Small Aircraft Transportation System (SATS) and the expansion of light-jet aircraft manufacture in the United States. Later, as the number of automobiles on the road expanded, so did traffic congestion, and the demand for a better and more efficient transportation system grew, resulting in greater demand for air taxis around the world. Several companies in the aviation and transportation industries collaborated on the development of an air taxi that will be used all over the world.

Global Air Taxi Market – Technology Advancements

With the emergence of innovative transportation technologies, such as railway and automobile automation, demand for an alternate method of transportation has risen around the world. As a result, aviation corporations are concentrating their efforts on introducing air taxis across the globe. Various collaborations have been formed among companies to discover new concepts for the development of air taxis. For example, Airbus S.A.S. announced the CityAirbus electric air taxi, which can take off and land vertically, as well as other innovations, such as the full-scale flight test of VAHANA, the all-electric, self-piloted, and VTOL aircraft. These developments are driven by the need for alternative modes of transportation, which will result in market growth during the forecast period. Governments’ initiatives and incentives for the adoption of air taxis could provide multiple growth opportunities for the global air taxi during the period in analysis. However, hefty differential fares and strict aircraft license regulations could limit the market growth.

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Global Air Taxi Market - Regional Analysis

Due to a high focus and increasing investments by the United States and Canada in developing alternate traffic system to ease their heavily congested road traffic, North America could dominate the global air taxi market by region. Los Angeles, for example, was named one of the top cities with the most traffic congestion. Similarly, London is one of Europe's most congested cities, with drivers spending an average of 72 hours a year stuck in traffic. As a result, Uber has stated that it would start its air taxi service in some of the country's most congested areas, including Los Angeles, by 2023. As the home to major emerging economies, such as China and India, the Asia-Pacific air taxi market is forecast to record growth at a significant CAGR during the period in analysis. Rising disposable income, increased traffic congestion, and a growing preference for speedier modes of transportation, China, India, and Japan have enormous growth potential.

Competitive Landscape

Prominent players in global air taxi market include AeroMobile, Airbus S.A.S., Beechcraft Corporation, Boeing, Cessna, Dassault Aviation SA, EHANG, Embraer, Gulfstream, Hyundai, Joby Aviation, Kittyhawk, Lilium, Opener, TERRAFUGIA, Uber’s VTOL, and Volocopter GmbH. These companies are concentrating on developing technologies and software to ensure that the air taxi sector runs well. For example, Uber teamed up with NASA and revealed ambitions to develop software to manage air taxi routes and avoid traffic congestion. Meanwhile, China's Ehang 184 was tested in Dubai. It does, however, require an aviation license. Such initiatives are projected to boost the demand for air taxi services in the coming years.

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[sangamswami]

Drone Logistics and Transportation Industry Worth US$ 1,626.98 Million in 2027

Increasing demands for faster delivery of goods is the most significant factor driving the growth of the Drone Logistics and Transportation Market. Concerns regarding safety during travel and package drop as well as lack of skilled & trained personnel are the few other challenges to be faced by drone logistics and transportation market. The drone logistics & transportation providers are gaining prominence in the commercial sector owing to the fact that the end users are seeking various ways to cut down operational cost in their business and bring in faster mode of delivery. In the current state of commercial drone operations, several government bodies and authorities have imposed stringent laws and regulations.

According to the new research report published by The Insight Partners, titled “Drone Logistics & Transportation Market to 2027 - Global Analysis and Forecasts by Type (Freight Drones, Passenger Drones, and Ambulance Drones); Application (Warehousing, Shipping, and Others); and End User (Military and Commercial)” is expected to grow at a CAGR of 60.6% during 2020 to 2027 to reach US$ 1,626.98 million by 2027.

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This factor has limited the drone operations in various developed as well as developing regions across the globe. One of the most critical laws imposed upon commercial drone operations is that the drone pilot should maintain a visual line of sight with the unmanned aerial vehicle while in operation. The future of the market is anticipated to be prominent, with the implementation of Beyond the Visual Line of Sight (BVLOS). The benefits of BVLOS is that the concept allows the operators to fly drones in complex conditions and truly unmanned technology without the need for takeoff and landing. This technological concept is anticipated to trigger the growth of the market in the coming years.

The demand for drone logistics & transportation in developing economies is constantly rising as the number of applications are rising in different sectors. With a continuous advancement in drone technology, the large multinational companies are seeking forward for drones to ensure quick delivery of parcels with high speed while lowering time and operational costs. Asian countries have an advantage of having most confident shoppers when it comes to receiving deliveries through drones and using autonomous technology to make payments.

The major players operating in the market for drone logistics & transportation market include Cheetah Software Systems, Inc., Drone Delivery Canada Corp., Flirtey, Flytrex Aviation, Ltd., Hardis Group, Infinium Robotics, PINC Solutions, Volocopter GmBH, Workhorse Group Inc., and Zipline among others.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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[certainrebelarbiter]

Urban Air Mobility Market share 2028

The urban air mobility market size was USD 2.90 billion in 2020. The market is projected to grow from USD 3.01 billion in 2023 to USD 8.91 billion in 2028 at a CAGR of 16.77% during the 2023-2028 period. This vital information is presented by Fortune Business Insights™, in its report titled, “Urban Air Mobility Market, 2023-2028.” Factors such as increasing urbanization and degrading traffic conditions will boost the market during the forecast period. Also, the rising demand for creating faster, cleaner, safer, and interconnected transportation will fuel the growth of the market. 

Information Source-

List of Key Players Present in the Market

Textron Inc. (U.S.)

Uber Technologies Inc. (U.S.)

Airbus SE (Netherlands)

Ehang (China)

Safran SA (France)

Volocopter (Germany)

Lilium Aviation GmbH (Germany)

Carter Aviation (U.S.)

AIRSPACEX (U.S.)

Aurora Flight Sciences (U.S.)

Segments

Vehicle Type, Range, Operation, End User, and Region are studied for the Market

Based on vehicle type, the market is segmented into air taxis, air metro, air ambulance, last-mile delivery, and others.

By range, the market is divided into intercity and intracity.

In terms of operation, the market is broken down into including piloted, hybrid, and autonomous.

By end user, the market is fragmented into ride-sharing companies, scheduled operators, e-commerce companies, hospitals and medical agencies, and private operators.

In terms of geography, the market is categorized into North America, Europe, Asia Pacific, and the Rest of the World.

Report Coverage

The report focuses on providing a detailed insight into the inner working of the urban air mobility sector by uncovering the segments and subsegments for the market. Factors such as R&D capabilities and optimization of the manufacturing process for the dominant players are covered. Besides, ongoing market trends and upcoming industry developments are noted. The report also focuses on several growth factors that have contributed for the growth of the market over the past years.

Drivers & Restraints

Rising Demands for Green Solutions to Bolster Market Growth

Rising demand for alternative modes of transport and rocketing road traffic is expected to boost the urban air mobility market growth during the forecast period. Also, the growing urban population and increasing growing urban population will fuel the growth of the market. Additionally, utilization of autonomous UAMs is expected to bore lower pollution, short travel times, and decrease demand on current transportation infrastructure. These factors will boost market growth.

However, factors such as rising security concerns, high initial investment, and limited government support in terms of the regulatory framework will limit the market during the forecast period.

Regional Insights

North America to Hold Largest Market Share Due to Presence of Dominant Players

North America will capture the largest urban air mobility market share during the forecast period, owing to the increasing presence of dominant players coupled with rising adoption measures. Also, rising air traffic among residents will fuel the demand for air taxis and airport shuttle services. Factors such as last-mile and freight services coupled with eVTOL aircraft will boost the market growth.

Europe will register the fastest-growing market during the forecast period due to the region being the breeding ground for a majority of technology innovations. Rising investment opportunities, as well as the presence of prominent players, will foster growth for the market.

Competitive Landscape

Product Development to be at the Forefront for Developing a Sustainable Market

The market for urban air mobility is still at a budding stage with the dominant players competing for capturing a larger consumer base. The market is expected to grow at a steady rate by strategies such as collaboration, mergers & acquisitions, and developing and launching novel products to capture an attentive audience. For example, in May 2021, Volocopter revealed the Voloconnect. It is an electric vertical take-off and landing aircraft (eVTOL), which is designed for connecting suburbs and cities. This product will integrate with Volocopter’s existing intra-city aircraft series.

Industry Development

July 2021: Klein Vision Flying Car completed its maiden intercity trip. The ride was recorded at 35 minutes and took around 3 minutes to transform from a car to an aircraft.

[stevecarell600]

Medical Drone Market Share, Outlook & Global Opportunity Analysis by 2028

The global medical drone industry is projected to experience significant growth, reaching USD 1,410.9 million by 2028, up from USD 254.7 million in 2021, with an impressive CAGR of 27.70% during the period from 2021 to 2028. According to the "Medical Drone Market, 2021-2028" report by Fortune Business Insights™, the market had a valuation of USD 194.7 million in 2020. This remarkable growth can be attributed to the continuous technological advancements in the medical drone industry and the fierce competition among major players striving to deliver top-quality products.

Information Source:

Top Companies Covered in Medical Drone Industry are:

Zipline Inc. (San Francisco, The U.S.)

Volocopter GmbH (Bruchsal, Germany)

Volansi Inc. (San Francisco, United States)

Matternet Inc. (Mountain View, The U.S.)

Manna Drone Delivery Inc. (Dublin, Ireland)

Flytrex Aviation Ltd. (Tel Aviv, Israel)

Flirtey Holdings Inc. (Reno, The U.S.)

Vayu Inc. (Ypsilanti, The U.S.)

Skyports Ltd. (Billericay, The U.K)

Ebre Drone LLC (Tarragona, Spain)

Swoop Aero Pty. Ltd. (Docklands, Australia)

Skyfarer Ltd. (Coventry, The U.K)

The global medical drones were an emerging technology with significant potential in the healthcare industry. Medical drones, also known as healthcare drones or medical delivery drones, are unmanned aerial vehicles (UAVs) designed to transport medical supplies, equipment, and even organs between healthcare facilities or directly to patients in remote or inaccessible areas. These drones offer numerous benefits, including:

Faster delivery: Medical drones can significantly reduce transportation time for critical medical supplies, such as medicines, blood, vaccines, and diagnostic samples. They can bypass traffic congestion and access hard-to-reach locations, leading to faster responses in emergencies.

Remote access: In rural or isolated areas where road infrastructure is limited or inadequate, medical drones can provide essential medical supplies and support, bridging the healthcare access gap.

Disaster relief: During natural disasters or humanitarian crises, medical drones can deliver medical aid, food, and water to affected areas quickly, providing support to affected populations.

Cost-effective: Over time, medical drone services have the potential to be more cost-effective than traditional delivery methods, especially in regions where infrastructure development is expensive or challenging.

Reduced risk of infection: Medical drones can minimize human contact during delivery, potentially reducing the risk of spreading infectious diseases.

However, it is important to note that the widespread use of medical drones has been hindered by several challenges and considerations:

Regulatory hurdles: Integrating drones into the healthcare system requires navigating complex regulations and ensuring compliance with aviation authorities and healthcare agencies.

Safety concerns: Safety is a significant concern with any drone operation, especially when transporting medical supplies. Ensuring the reliability and redundancy of drone systems is crucial.

Weather limitations: Adverse weather conditions can affect the flight and safety of medical drones, making it necessary to establish weather-resistant and reliable drone models.

Payload capacity: Drones have limited payload capacities, and transporting bulky or heavy medical equipment might be challenging.

Since my knowledge is not up-to-date beyond September 2021, I recommend researching recent developments and news to get the latest information on the current state of medical drones and their applications in the healthcare industry.

[alliedcreation]

Urban Air Mobility Market Everything You Need To Know XYZ  Industry Is Booming in The Worldwide Forecast, 2022–2031

Urban air mobility is now proving to be a practical means of transport for moving people and cargo in innovative, cost-efficient ways. Urban air mobility guarantees to improve the current transportation ecosystem from congested roads and traffic conjunction. Urban air mobility has the potential to boost the effectiveness of the current transportation systems by minimizing distance traveled and enhancing sustainability. Urban air mobility will be thoroughly incorporated using the existing infrastructure and networks for transportation for connections at the first and last miles. The development of eVTOL aircraft which are able to take vertical takeoff has gotten the attention of major market players in urban transportation, which is a major factor estimated to propel the urban air mobility(UAM) market demand in the upcoming years.

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However, some of the disadvantages of urban air mobility include its high initial investment cost. Urban air mobility is a flying vehicle that is developed to operate both on road and air but it requires to create of a suitable infrastructure for operating these vehicles in urban cities mostly in densely populated cities which includes a high investment cost in developing suitable infrastructure as well as there is chances of increase in noise pollution as these vehicles are using rotary blades for flying. These factors are going to hamper the urban air mobility(UAM) market growth in the forecasted period.

The use of urban air mobility vehicles as air taxis is anticipated to gain traction. This is because urban air mobility is flying vehicles that are used for transportation or either passenger or goods from one destination to another destination within urban areas. These vehicles are having the capabilities to take off and land vertically this ability of urban air mobility vehicles is going to make these vehicles perfect for air taxis in urban areas. Also, these vehicles are using electric energy for running it makes it a cost-effective and pollution-free mode of urban transportation. For instance, the Volocopter the urban air mobility company has plans to introduce air taxis in Singapore in 2024.

The global urban air mobility market share is segmented based on platform, platform operations, range, platform architecture, and region. By platform, it is classified into air taxis, air shuttles & air metro, personal air vehicles, cargo air vehicles, air ambulance & medical emergency vehicles, and last-mile delivery vehicles. By platform operations piloted and autonomous. By range intercity and intracity. By platform architecture rotary wing and fixed-wing hybrid. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

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The key players profiled in the urban air mobility market report include market players are Ehang, Lilium Gmbh, Airbus, Wisk Aero LLC., Bell Textron, Volocopter GmbH, Workhorse Group Inc., Joby Aviation., Kitty Hawk, and Archer Aviation.

The report offers a comprehensive analysis of the global urban air mobility market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also sheds light on the present urban air mobility(UAM) market trends, scenarios, and developments that are contributing to the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and the emergence of substitutes in the market.

Impact of Covid-19 on the Global Urban Air Mobility Market

The COVID-19 epidemic has had an enormous effect on every industry. Since most of the major companies in the Urban Air Mobility (UAM) sector are either directly or indirectly connected to the aviation sector, which has been significantly impacted by the pandemic, the UAM sector has also been negatively impacted.

The UAM sector, which is still developing, experienced robust growth before the COVID-19 epidemic, with a healthy pace of innovations and significant investments.

COVID-19 impacted almost all industries and the urban air mobility vehicle producing companies ceased their operations owing to import-export restrictions, lockdown imposed across several countries, shortage of labor the fear of contracting the novel coronavirus led to sluggish demand in the market.

Social distancing norms closed borders, and production constraints, due to the pandemic, across various countries such as China, India, and the U.S. have affected the urban air mobility(UAM) industry.

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Key Findings of the Study

Based on the platform, the air taxis sub-segment emerged as the global leader in 2021, and the last-mile delivery vehicles sub-segment is anticipated to be the fastest growing sub-segment during the forecast period.

Based on platform operations, the piloted sub-segment emerged as the global leader in 2021 and the autonomous sub-segment is anticipated to be the fastest growing sub-segment during the forecast period. 

Based on range, the intercity sub-segment emerged as the global leader in 2021 and the intracity sub-segment is predicted to show the fastest growth in the upcoming years.

Based on platform architecture, the rotary wing sub-segment emerged as the global leader in 2021 and the fixed-wing hybrid sub-segment is predicted to show the fastest growth in the upcoming years.

Based on region, the Asia-Pacific market registered the highest market share in 2021 and is projected to maintain the position during the forecast period.

The report provides an in-depth analysis of urban air mobility(UAM) market share.

[cetaceous]

VoloCity Air Taxi on a Test Flight in Singapore Volocopter GmbH, Bruchsal, Germany image credit: Wallace Woon/EPA

[mordorintelligenceresearch]

The taxi industry is expected to grow due to increasing demand for ride-hailing and ride-sharing services, increasing demand from online taxi booking channels, and an increase in the cost of vehicle ownership. The rise of eco-friendly electric cab services will likely provide an attractive potential for market expansion throughout the forecast period. 

In November 2021, South Korea revealed a system for passenger travel between airports and is expected to reduce traveling by two-thirds. The pilot-driven air taxi system was developed by Volocopter GmbH and is expected to be launched by 2025.

For more vital insights: https://lnkd.in/gKz3G7Wh

[nita-world]

UAV Market Trend Forecast Share Trend Key Players Size Revenue Future New Research Report

UAV Market Research Report: Information by Type (Fixed Wing and Multi Rotor), Component (Airframe, Payload, Guidance Navigation & Control and Propulsion System), Application (Military UAVs and Commercial UAVs) and Region (North America, Europe, Asia-Pacific, Middle East & Africa and Latin America) - Forecast till 2028

Airbus (France), Boeing (US), General Atomics (US), Lockheed Martin (US), Northrop Grumman Corporation (US), Textron Inc. (US), Thales Group (France), AeroVironment, Inc. (US), DJI (China), Parrot Drones SAS (France), PrecisionHawk (US), and 3D Robotics, Inc (US). and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global unmanned aerial vehicle market.

Unmanned Aerial Vehicle Market – Overview

The global unmanned aerial vehicle (UAV) market is growing at a rapid pace. According to a recent study report published by the Market Research Future, the use of UAVs is already influencing many companies and industries to look forward to their design, development, and manufacturing processes. The possible applications of UAVs are numerous, such as passenger carriage, cargo transportation, agricultural, and industrial. Currently, there are a number of investments by companies, such as Airbus, Boeing, AeroVironment, Inc., and DJI, which would significantly propel the market growth.

The UAVs are also used in numerous industrial applications, such as detection of leaks, corrosion, and other problems related to oil and gas rigs & pipelines. They are also used in transmission lines for vegetation management to monitor trees and prevent them from interfering with transmission lines. These UAVs prove economic feasibility for discrete site assessment, reliable and cost-effective inspection, and thus, increase the demand for UAVs in the global market.

The US is at the forefront of developing UAVs and has dominance in the overall market. In recent years, the US Department of Transportation (DOT) is focusing on the approval of the UAVs for commercial applications. The country houses companies such as AeroVironment Inc., Boeing, and Uber Technologies Inc., which are very active in the UAV market. Similarly, Europe is a key market in the global unmanned aerial vehicle market. The presence of more than eight manufacturers, including firms such as Airbus S.A.S, Lilium, and Volocopter GmbH is expected to boost the market in Europe, in the next two decades. The key drivers for the market in this region are the increasing joint ventures and partnerships and rapid technological advancements. Despite the UAV industry having both technical and economic importance, some significant barriers prevent its expansion. Industry/ Innovation/ Related News:

July, 2018 - General Atomics signed a contract with the Royal Netherlands Air Force (RNLAF) to provide unmanned aerial systems.

May, 2018 - DJI had a new version of its Phantom 4 Pro drone, called as the Phantom 4 Pro V2.0. The updated model is essentially identical to the original 2016 version, but much quieter.

January, 2018 - AeroVironment Inc. launched its automated Quantix hybrid drone and AeroVironment Decision Support System (AV DSS) analytics software through its authorized reseller network.

February, 2016 –   Airbus was awarded a contract by UK’s ministry of defense to manufacture and operate two solar-powered Zephyr 8 high-altitude pseudo-satellite (HAPS).

Unmanned Aerial Vehicle Market – Segmentation

The global unmanned aerial vehicle market is segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type: Fixed Wing, Multi Rotor.

Segmentation by Application: Commercial, Military.

Segmentation by Component: Airframe, Payload, Guidance Navigation & Control, Propulsion System.

Segmentation by Regions: North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

Unmanned Aerial Vehicle Market: Regional Analysis

The global unmanned aerial vehicle market has been segmented into North America, Asia Pacific, Middle East & Africa, Europe, and Latin America. North America is the dominating region in the global market, as of 2017, due to increased applications of UAVs in the military, homeland security, and commercial operations. Apart from the US, Canada also engages in the development of UAVs, and results in the growth of the regional market. In Canada, Transport Canada had invested in the Canadian Centre for Unmanned Vehicle Systems (CCUVS) to conduct research and provide training related to the usage of UAVs. CCUVS is engaged in developing test and evaluation capabilities, in line with the growing market demand, which is optimized for unmanned systems. Meanwhile, Transport Canada had approved for the usage of UAVs for agriculture data collection and a variety of law enforcement activities.

Browse More Details On Report At: https://www.marketresearchfuture.com/reports/unmanned-aerial-vehicle-uav-market-806