Hong Kong will become one of the first cities in the world to introduce passenger drones (Urban Air Mobility) and operate seaplane routes. Seaplane Hong Kong will be offering passenger drone flight services that will connect Central, Kwun Tong business district and Tseung Kwan O new town. Commute time will be shortened to between 5 to 8 minutes and the one-way fare, during non-peak hours, is expected to be as low as HK$200.
NASA estimates that the passenger drone industry is expected to reach $16 billion by 2027, with a compound annual growth rate of 26%. It is expected to reach $80 billion by 2050 and the available market value to reach $500 billion. There are currently 9,700 registered companies in the world studying the introduction of UAM passenger drones, with Seaplane to be the first in Hong Kong.
Seaplane Hong Kong’s flagship seaplane service will be launched in Hong Kong, providing aerial sightseeing services, connecting Hong Kong to the Greater Bay Area. Further integrating Hong Kong with other cities in the Greater Bay Area, in a bid to further realize a one-hour living circle.
The company believes that the development of such emerging markets, such as in the Greater Bay Area, has great potential for Hong Kong’s overall economic and tourism development. The company plan to use the Cessna Caravan as their seaplane.
Currently in 2020, the global amphibious aircraft market is worth $160 million and is expected to grow to $360 million by 2028.