Report Id: SNS/AUTO/1075 | May 2022 | Region: Global | 120 Pages
Report Scope & Overview:
Flying Car Market Size was valued at USD 63.24 million in 2021 and is expected to reach USD 544.20 million by 2028 and grow at a CAGR of 36% over the forecast period 2022-2028.
A personal air vehicle or a roadable aircraft that allows door-to-door ground and air mobility are known as a flying automobile. They're also known as hover automobiles. Advances in battery energy density, materials chemistry, and computer simulation have encouraged the creation of a variety of personal flying vehicles, from electric gliders to fixed-wing planes and quadcopter drones (and the navigation systems that will allow them to fly). They are much smaller than commercial planes, and most use rotors instead of wings, allowing them to take off and land vertically. A flying car is a hybrid vehicle that combines fixed-wing and rotary-wing aviation characteristics.
Lightweight aircraft are commonly employed for personal leisure as well as academic pilot instruction. High-net-worth individuals prefer to fly on their own chartered plane since it allows them to schedule their time more freely and avoids the formalities of commercial flights. Public, personal, and freight transportation are the three types of transportation available.
Perspectives on urban transportation are shifting.
The market for flying cars is likely to rise as industry participants increase their investment.
Other factors influencing market revenue include changing lifestyles, urbanization, and people's disposable money.
Over the projection period, the market will rise due to the rising demand for environmentally friendly automobiles.
Global flying car service providers and solutions are becoming increasingly competitive.
The installation of strict aviation license rules is projected to slow the growth of the flying car sector.
The cost of developing flying cars is significant.
The lack of established protocols is one of the major limitations.
Growth in contracts and agreements.
High untapped potential is expected to provide market players with lucrative growth prospects.
Product launches and R&D.
A substantial initial investment is required for these technologies.
Flying car technology is still in its early stages, and gaining customers' trust will take time.
IMPACT OF COVID-19:
The proliferation of Covid-19 has caused problems in the automotive industry. Consumer preferences and requirements are changing dramatically, affecting the global market value. It has an impact on market revenue during the projection period. The market value has been damaged by the lockdown enforced in several countries. Multiple borders have been sealed as a result of the pandemic, and strong regulatory measures have been implemented. The pandemic has a significant chance of influencing consumer preferences.
Multiple organizations are coming to a standstill as a result of distant working and social alienation. People are becoming increasingly worried about personal hygiene, which has an impact on future demand for flying cars around the world. The market's major businesses and government agencies used various strategical approaches that benefited the market. As a result, the market appears to be stabilizing in terms of sales and opportunities on a global scale.
Volocopter GmbH (Germany) , Skydrive, A³ by Airbus (US), AeroMobil (Slovakia), Boeing (US), Cartivator (Japan), EHANG (China), Hyundai Motor Company, Klein Vision s. r. o., Samson Motors, Inc., Lilium, PAL-V N.V , TERRAFUGIA (US), Lilium (Germany), Joby Aviation (US), and Uber Technologies, Inc. (US) are major players in the flying car market.
Market, By Product:
The market is divided into two categories based on the kind of product: passenger drones and flying cars. The passenger drone market is categorized in anticipation of the rapid advancement of drone technology. The market revenue is steadily increasing as the popularity of environmentally friendly drones grows.
Market, By Capacity:
The market is divided into capacity types, which are further divided into 2,3,4,5-person sitters. When compared to four and five-seater flying cars, two-person sitters are more compact and cost less.
Market, by Operations:
The market is separated into two types of operations: piloted and autonomous.
Three and Four-person sitters
Asia Pacific, North America, Europe, and the rest of the world are among the regions that make up the global flying vehicle market. According to the global market analysis, the industry in North America is predicted to develop significantly. According to the flying cars market data, the market is extended over additional regions such as the United States, Canada, and Mexico. Canada and Mexico are preparing to adopt this technology in the near future in order to boost the market value of flying automobiles. The United States is gaining ground in the race to develop flying automobiles. Samson Motors, Inc. (SSN) and Uber Technologies Inc. were the businesses in charge of the key flying car technologies (UBER).
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 63.24 Million|
|Market Size by 2028||US$ 544.20 Million|
|CAGR||CAGR of 36% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Product (Flying cars, Passenger drones)
• by Capacity (Two-person sitters, Three and Four-person sitters, Five-person sitters)
• by Operations (Piloted, Autonomous)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Volocopter GmbH (Germany) , Skydrive, A³ by Airbus (US), AeroMobil (Slovakia), Boeing (US), Cartivator (Japan), EHANG (China), Hyundai Motor Company, Klein Vision s. r. o., Samson Motors, Inc., Lilium, PAL-V N.V , TERRAFUGIA (US), Lilium (Germany), Joby Aviation (US), and Uber Technologies, Inc. (US)|
|Key Drivers||• Perspectives on urban transportation are shifting.
• The market for flying cars is likely to rise as industry participants increase their investment.
|RESTRAINTS||• The installation of strict aviation license rules is projected to slow the growth of the flying car sector.
• The cost of developing flying cars is significant.
Frequently Asked Questions (FAQ) :
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of the Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Flying Car Market Segmentation, by Product
8.1 Passenger drones
8.2 Flying cars
9. Global Flying Car Market Segmentation, by Capacity
9.1 Two-person sitters
9.2 Three and Four-person sitters
9.3 Five-person sitters
10. Global Flying Car Market Segmentation, by Operations
11. Regional Analysis
11.2 North America
11.2.1 the USA
11.3.2 the UK
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Joby Aviation (US),
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Volocopter GmbH (Germany)
12.4 A³ by Airbus (US)
12.5 AeroMobil (Slovakia)
12.6 Boeing (US)
12.7 Cartivator (Japan)
12.8 EHANG (China)
12.9 Hyundai Motor Company
12.10 Klein Vision s. r. o.
12.11 Samson Motors, Inc.
12.13 PAL-V N.V
12.14 The Boeing Company
12.15 TERRAFUGIA (US)
12.16 Lilium (Germany)
12.17 Uber Technologies
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
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