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Flying Car Market

Flying Car Market Size, Share and Segmentation by Product (Flying cars, Passenger drones), by Capacity (Two-person sitters, Three and Four-person sitters, Five-person sitters), by Operations (Piloted, Autonomous), by Regions and Global Market Forecast 2022-2028

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.

Flying Car Market Revenue Graph

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.

MARKET DYNAMICS: 

KEY DRIVERS: 

  • 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.

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.

  • The lack of established protocols is one of the major limitations.

OPPORTUNITIES: 

  • Growth in contracts and agreements.

  • High untapped potential is expected to provide market players with lucrative growth prospects.

  • Product launches and R&D.

CHALLENGES: 

  • 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.

KEY PLAYERS:

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 ESTIMATION: 

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.

MARKET SEGMENTATION:

By Product:

  • Flying cars

  • Passenger drones

By Capacity:

  • Two-person sitters

  • Three and Four-person sitters

  • Five-person sitters

By Operations:

  • Piloted

  • Autonomous

Flying Car Market Segment Chart

REGIONAL ANALYSIS:

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).

REGIONAL COVERAGE:

  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The 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

Flying Car Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 63.24 Million
Market Size by 2028 US$ 544.20  Million
CAGR CAGR of 36% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

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

10.1 Piloted

10.2 Autonomous

 

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 the USA

11.2.2  Canada

11.2.3  Mexico

11.3 Europe

11.3.1  Germany

11.3.2  the UK

11.3.3  France

11.3.4  Italy

11.3.5  Spain

11.3.6  The Netherlands

11.3.7  Rest of Europe

11.4 Asia-Pacific

11.4.1  Japan

11.4.2  South Korea

11.4.3  China

11.4.4  India

11.4.5  Australia

11.4.6  Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1  Israel

11.5.2  UAE

11.5.3  South Africa

11.5.4  Rest

11.6 Latin America

11.6.1  Brazil

11.6.2  Argentina

11.6.3  Rest of Latin America

 

12. Company Profiles

12.1 Joby Aviation (US),

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Volocopter GmbH (Germany)

12.3 Skydrive

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.

12.12 Lilium

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

 

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

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Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

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