Moreover, rapid urbanization is demanding for alternative transportation solutions to overcome modern urban transportation issues such as traffic congestion and increased air pollution. In the recent years, urban mobility is shifting toward digital, high-end technologies along with green mobility initiatives to develop sustainable and resilient transportation system. o., Lilium, PAL-V N.V., Samson Motors, Inc., Terrafugia, The Boeing Company, and Volocopter GmbH. Key players operating in the global flying car market include AeroMobil, Airbus S.A.S., Hyundai Motor Company, Klein Vision s. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. On the basis of seating capacity, it is segregated into one, two, four, and more than six.
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Depending on end use, it is bifurcated into commercial & professional commute and personal commute. By mode of operation, the market is divided into piloted and autonomous. The global flying cars market is segmented into mode of operation, end use, seating capacity, and region. On the contrary, increase in agreements & contracts and high untapped potential in Asia-Pacific are projected to offer lucrative growth opportunities for the market players.
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However, high development cost of the flying cars and implementation of stringent regulations for aviation license restrain the market growth.
In the upcoming era, infrastructural development is expected to be more critical than the product development.įactors such as changing urban mobility outlook and increasing investment by the market players are expected to drive the growth of the flying car market. Flying car have a wide range of applications, including passenger commute, commercial transport such as air taxi, and professional transport such as police, medical service front. Policy makers need to introduce regulations and rules to comply the changing need for urban commute solution that involves both, aviation as well as road transportation policies. Majority of the future flying car solutions are expected to be equipped with vertical takeoff and landing systems to avoid long run way requirements to take off, as well as it can be mold with urban infrastructural structure. Europe is expected to be the highest contributor with $77.98 million in 2025, and is estimated to reach $1,618.68 million by 2035, with a CAGR of 37.8%.įlying car is the new era of urban mobility solution type that operates on road as well as air, as per the requirements. “I hope many people will want to ride it and feel safe.The global flying car market is expected to be valued at $215.54 million in 2025, and is projected to reach $3,804.18 million by 2035, registering a CAGR of 34.1%. “Of the world’s more than 100 flying car projects, only a handful has succeeded with a person on board,” he told The Associated Press. Tomohiro Fukuzawa, who heads the SkyDrive effort, said he hopes “the flying car” can be made into a real-life product by 2023, but he acknowledged that making it safe was critical. In a video shown to reporters on Friday, a contraption that looked like a slick motorcycle with propellers lifted several feet (1-2 meters) off the ground, and hovered in a netted area for four minutes.
Japan’s SkyDrive Inc., among the myriads of “flying car” projects around the world, has carried out a successful though modest test flight with one person aboard. The decades-old dream of zipping around in the sky as simply as driving on highways may be becoming less illusory. Please look at the time stamp on the story to see when it was last updated. This is an archived article and the information in the article may be outdated.
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