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In 2022, the market for flying cars was estimated to be worth $0.31 billion. During the forecast period (2023 - 2030), the worldwide flying cars market is expected to grow from USD 0.48 billion in 2022 to USD 5.28 billion by 2030, displaying a CAGR of 44.70%. The rising purchasing power and consistently developing lifestyles and preferences around the globe are expected to be a prominent market driver contributing to market progress. Market demand is being bolstered by factors including the growing popularity of air travel, congestion, and urbanisation.
The flying automobile is a new generation of urban mobility solutions that may be used both on the ground and in the air. Vertical takeoff and landing systems are likely to be standard on the vast majority of future flying car options, both because they eliminate the need for extensive runways and because they can be shaped to fit into existing urban infrastructure. Both air and ground transport policies need to be regulated by policymakers to keep up with the growing demand for urban commute solutions. A flying car might be used for commuting, for business purposes like an air taxi, and for government and military uses like transporting police and medical personnel. Infrastructure investment is predicted to be more important than product development in the next decade.
A flying automobile, sometimes called a roadable aircraft, dual-mode vehicle, or personal air vehicle, is a vehicle that can be driven on land and flown in the air. This flying automobile has shields to keep its occupants safe and two propellers, one at each end, to provide it vertical lift off the ground. As a solution to the difficulties people in congested cities confront, engineers created aerial automobiles. Flying automobiles can be either human-operated or fully automated. The passenger capacities of these automobiles range from two to four people, depending on the model.
The increasing demand for environmentally friendly transportation is expected to boost sales of flying cars over the forecast period. Flying automobiles employ vertical takeoff and landing, or VTOL, to take to the air. In a 2021 survey performed by IBM, 77% of respondents expressed an interest in eco-friendly modes of transportation and agreed that it was important to lessen individual carbon footprints. Only one percent of people polled considered electric cars (EVs) a viable means of mobility. When compared to passenger cars, flying vehicles are far more efficient for longer trips. Since there is a growing need for environmentally friendly transportation, the market for flying cars is expected to expand. Therefore, this element is responsible for the market's CAGR.
Congestion and poor controllability, especially in metropolitan areas, plague the most popular forms of ground transportation because of restrictions on road and track capacity. The low cost of water transport (sea and inland water transport) means it is widely employed for long-distance commercial delivery, but is impractical for most urban areas. In addition, the HAS (High Altitude Space) transportation system, often known as the air transportation system, is typically utilised for long-distance or international movement of people or freight. But the price is too high to be practical in urban areas. Therefore, only transportation solutions that operate below ground, on the ground, or in a nearby NGS are suitable for densely populated areas. As a result, the introduction of such vehicles in the next few years is forecast to garner enormous interest from the urban populace and generate substantial demand across the globe.
One of the main challenges to widespread commercialization of the Flying Cars Transportation System (FCTS) is the high cost of producing such aerial vehicles. The incorporation of expensive components like cutting-edge batteries, composites, and metals drives up the price of production for these vehicles. Additionally, the most significant issue challenged by the FCTS commercial operations is security, which can be broken down into several subcategories: aircraft-level security, such as weather resistance and passenger safety; system-level security, such as collision avoidance or obstacle avoidance; and environmental protection, search and rescue, and protection of control networks.
Report Coverage
Global Flying Cars research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Flying Cars report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Flying Cars competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Flying Cars market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Flying Cars market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Flying Cars market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
LILIUM, Airbus S.A.S., VOLOCOPTER GMBH, HYUNDAI MOTOR COMPANY, TERRAFUGIA, KLEIN VISION, S.R.O., SAMSON MOTORS, INC., THE BOEING COMPANY, PAL-V N.V., AEROMOBIL
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Flying Cars market based on the below-mentioned segments:
Global Flying Cars Market, By Product
Flying Cars
PASSENGER DRONES
Global Flying Cars market, By Capacity
2-Person Sitter
3 and 4-Person Sitter
5-Person Sitter
Global Flying Cars Market, By End User
Commercial & Professional Commute
Personal Commute
Global Flying Cars market, Regional Analysis
The flying automobile is a new generation of urban mobility solutions that may be used both on the ground and in the air. Vertical takeoff and landing systems are likely to be standard on the vast majority of future flying car options, both because they eliminate the need for extensive runways and because they can be shaped to fit into existing urban infrastructure. Both air and ground transport policies need to be regulated by policymakers to keep up with the growing demand for urban commute solutions. A flying car might be used for commuting, for business purposes like an air taxi, and for government and military uses like transporting police and medical personnel. Infrastructure investment is predicted to be more important than product development in the next decade.
A flying automobile, sometimes called a roadable aircraft, dual-mode vehicle, or personal air vehicle, is a vehicle that can be driven on land and flown in the air. This flying automobile has shields to keep its occupants safe and two propellers, one at each end, to provide it vertical lift off the ground. As a solution to the difficulties people in congested cities confront, engineers created aerial automobiles. Flying automobiles can be either human-operated or fully automated. The passenger capacities of these automobiles range from two to four people, depending on the model.
The increasing demand for environmentally friendly transportation is expected to boost sales of flying cars over the forecast period. Flying automobiles employ vertical takeoff and landing, or VTOL, to take to the air. In a 2021 survey performed by IBM, 77% of respondents expressed an interest in eco-friendly modes of transportation and agreed that it was important to lessen individual carbon footprints. Only one percent of people polled considered electric cars (EVs) a viable means of mobility. When compared to passenger cars, flying vehicles are far more efficient for longer trips. Since there is a growing need for environmentally friendly transportation, the market for flying cars is expected to expand. Therefore, this element is responsible for the market's CAGR.
Congestion and poor controllability, especially in metropolitan areas, plague the most popular forms of ground transportation because of restrictions on road and track capacity. The low cost of water transport (sea and inland water transport) means it is widely employed for long-distance commercial delivery, but is impractical for most urban areas. In addition, the HAS (High Altitude Space) transportation system, often known as the air transportation system, is typically utilised for long-distance or international movement of people or freight. But the price is too high to be practical in urban areas. Therefore, only transportation solutions that operate below ground, on the ground, or in a nearby NGS are suitable for densely populated areas. As a result, the introduction of such vehicles in the next few years is forecast to garner enormous interest from the urban populace and generate substantial demand across the globe.
One of the main challenges to widespread commercialization of the Flying Cars Transportation System (FCTS) is the high cost of producing such aerial vehicles. The incorporation of expensive components like cutting-edge batteries, composites, and metals drives up the price of production for these vehicles. Additionally, the most significant issue challenged by the FCTS commercial operations is security, which can be broken down into several subcategories: aircraft-level security, such as weather resistance and passenger safety; system-level security, such as collision avoidance or obstacle avoidance; and environmental protection, search and rescue, and protection of control networks.
Report Coverage
Global Flying Cars research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Flying Cars report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Flying Cars competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Flying Cars market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | LILIUM, Airbus S.A.S., VOLOCOPTER GMBH, HYUNDAI MOTOR COMPANY, TERRAFUGIA, KLEIN VISION, S.R.O., SAMSON MOTORS, INC., THE BOEING COMPANY, PAL-V N.V., AEROMOBIL |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Flying Cars Market from 2021 to 2030.
- Market Forecast for Flying Cars Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Flying Cars competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Flying Cars
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Flying Cars market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Flying Cars market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
LILIUM, Airbus S.A.S., VOLOCOPTER GMBH, HYUNDAI MOTOR COMPANY, TERRAFUGIA, KLEIN VISION, S.R.O., SAMSON MOTORS, INC., THE BOEING COMPANY, PAL-V N.V., AEROMOBIL
Primary Target Market
- Market Players of Flying Cars
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Flying Cars market based on the below-mentioned segments:
Global Flying Cars Market, By Product
Flying Cars
PASSENGER DRONES
Global Flying Cars market, By Capacity
2-Person Sitter
3 and 4-Person Sitter
5-Person Sitter
Global Flying Cars Market, By End User
Commercial & Professional Commute
Personal Commute
Global Flying Cars market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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