Global Flying Cars Market

Global Flying Cars Market size was valued US$ XX Mn. in 2019 and the total revenue is expected to grow at a CAGR of 42% from 2020 to 2027, reaching nearly US$ XX Mn.

Global Flying Cars Market

Global Flying Cars Market: Overview

Lightweight aircrafts are widely used as personal recreation and used for pilot training purpose in academics. High wealth individuals prefer to use personal chartered plane as it gives flexibility of schedule time and avoids formal procedures needed for commercial flight. These factors are expected to increase the use of flying cars in the future. This transportation can be categorized into Public, Personal, and Freight transportation. Growing urbanization increases personal transportation as well as freight transport. Currently, growth in urban infrastructure is not developed to be sufficient for urban mobility need.

Global Flying Cars Market: Key Development

A promotional video released by SkyDrive to show their new concept model of flying car called SD-XX. This flying car will be the world’s smallest eVTOL which is measured 1.5 meter in height, 4 meter in length and 3.5 meter in width. It is a car size drone which is expected to be launched in 2023 as stated by Company.

As per the World Economic Forum, Japanese company SkyDive is expected to sell 100 flying cars by 2028 that will be at par with the cost of an ‘expensive car’.

Global Flying Cars Market: Drivers

Increasing urban population leads to road traffic increasing the growth of other solution to resolve this problem. Urban Infrastructure of road and mobility is not developing as the rate of traffic on road is increasing and thus, rising concern about future transportation by road. Road safety is highly unpredictable due to rash driving or accidental vehicle crossing. Increasing number of high wealth individuals is increasing market for high-tech vehicles. Increasing Adoption of private air travel is increasing demand for lightweight Aircraft.

Global Flying Cars Market: Challenges

High capital cost associated with these technologies. Flying cars technologies are in developing state and getting customers belief will take time.

Global Flying Cars Market1

Global Flying Cars Market: Regional Overview

Global Flying Cars Market is segmented into regions Asia Pacific, North America, Europe, South America, and Middle East & Africa. North America is expected to witness an excellent growth in the flying cars market. North America is the main region for the growth of this market, owing to presence of key companies in countries like US, Mexico, and Canada have companies like Boeing, Joby Aviation, Workhorse, and other key companies in aviation technologies. This region has better support for technological development and delivers solution for the market growth. It is anticipated that the countries like Canada and Mexico will hold this market in future.

The US is the leader in development of flying cars, and moreover the US department of transportation is also planning to give approval to commercial air carrier for flying cars. Some companies like Samson Motors and Uber Technologies are actively taking part in development of flying cars. As per the world economic forum Japan plans to commercialize flying cars by 2023.

Global Flying Cars Market: Segmentation

Global Flying Cars Market is segmented into Product Type (Flying Cars, Passenger Drones, Others), Capacity Type (2 Person Sitter, 3-4 Person Sitter, More than 4 Person Sitter), and Region (North America, Europe, Asia pacific, Middle East & Africa, and Latin America).
The report also helps in understanding Flying Cars Market dynamics, structure by analyzing the market segments and projects the Flying Cars Market size. Clear representation of competitive analysis of key players by Supply Chain, price, financial position, Product portfolio, growth strategies, and regional presence in the Flying Cars Market make the report investor’s guide.
Scope of the Flying Cars Market

Flying Cars Market, By Product Type

• Flying Cars
• Passenger Drones
• Others
Flying Cars Market, By Capacity Type

• 2 Person Sitter
• 3-4 Person sitter
• More than 4 Person Sitter
Flying Cars Market, by Region

• Asia Pacific
• North America
• Europe
• South America
• Middle East & Africa
Key players operating in Flying Cars Market

• SkyDrive
• Volocopter GmbH
• A³ by Airbus
• AeroMobil
• Boeing
• Cartivator
• Joby Aviation
• Lilium
• Uber Technologies, Inc.
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