The Flying Car Market Size was valued at USD 116.96 million in 2023 and is expected to reach USD 1368.82 Million by 2031 and grow at a CAGR of 36% over the forecast period 2024-2031.
A personal air vehicle or a roadable aircraft that allows door-to-door ground and air mobility are known as a flying car. They're also known as hover car. 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.
Get E-PDF Sample Report on Flying Car Market - Request Sample Report
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.
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.
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.
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.
The market is separated into two types of operations: piloted and autonomous.
By Product:
Flying cars
Passenger drones
By Capacity:
Two-person sitters
Three and Four-person sitters
Five-person sitters
By Operations:
Piloted
Autonomous
Get Customized Report as Per Your Business Requirement - Request For Customized Report
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
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.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 116.96 Million |
| Market Size by 2031 | US$ 1368.96 Million |
| CAGR | CAGR of 36% From 2024 to 2031 |
| Base Year | 2022 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| 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. |
The Flying Car Market Size was valued at USD 116.96 million in 2023.
The US$ 1368.82 Million is the expected market size in 2031.
Major players in the market are Volocopter GmbH (Germny) , 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, PALN.V.V, TERRAFUGIA (US), Lilium (Germany), Joby Aviation (US) d Uber Technologies, Inc. (US), and others in fthe inal report.
The forecast period of Flying Car Market is 2023-2030.
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 Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
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.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
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.
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.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
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.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Emergency Ambulance Vehicle Market Size was valued at USD 21.45 billion in 2022 and is expected to reach USD 62.50 billion by 2030 and grow at a CAGR of 14.3% over the forecast period 2023-2030.
The Automotive Ignition Coil Market Size was valued at USD 6.91 billion in 2023 and is expected to reach USD 10.93 billion by 2031 and grow at a CAGR of 4.7% over the forecast period 2024-2031.
The Robotaxi Market size is expected to reach USD 110.5 Bn by 2030, the market was valued at USD 1.68 Bn in 2022 and will grow at a CAGR of 79.6% over the forecast period of 2023-2030.
The Automotive Steering Systems Market Size was valued at USD 31.51 billion in 2022 and is expected to reach USD 46.20 billion by 2030 and grow at a CAGR of 4.9% over the forecast period 2023-2030.
The Ventilated Seats Market Size was valued at USD 9 billion in 2023 and is expected to reach USD 13.81 billion by 2031 and grow at a CAGR of 5.5% over the forecast period 2024-2031.
Automotive Power Modules Market Size was valued at USD 6.5 billion in 2023 and is expected to reach USD 25.44 billion by 2031 and grow at a CAGR of 18.6% over the forecast period 2024-2031.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
