Global Flying Cars Market showed crucial growth in the recent years and is anticipated to witness a steep rise by generating estimated more than 1273 units over the period of 2018-2022. According to latest study conducted by our analysts and industry experts, the global market is expected to grow at a CAGR of 24.3% during the forecast period that is 2017-2025. The flying cars is an all-purpose vehicle which can fly like an airplane and drive on the highways like other vehicles. 

"According to the analysts’ most bullish calculations, it could become a $2.9 trillion global market by 2040, while the most pessimistic estimates peg the value to about $615 billion."

Global Flying Cars Market Size, Share Analysis By Region 2017

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global flying car market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global flying car market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.    

Market dynamics:

The flying car is expected to have market value of $xx.xx by 2025 and it will be considered as the future of personal transportation due to increasing traffic jam has become headache to the every commuter is one of reason will drive the market growth and measurable demand for this product during the forecast timespan. Many people spend an hour or so when stuck in traffic but the main problem is that we are not looking forward to expand our transportation to the meet our increasing demands. One solution is to create a type of transportation which will not rely on roads and make traffic jams relieve.

Meanwhile, Organization located in Silicon Valley Elon Musk will unleash the first part of their project called underground tunnel service, the boring System, in Southern California. 

Combining the planes and cars , flying cars will require much smaller than a plane and is more convenient than a car, especially when it comes to increasing traffic jams and traffic problems.

Curtiss Auto-plane (Glenn Curtiss-1917), Arrowbile (Waldo Waterman-1937), Airphibian (Robert Fulton 1946) and other, managed to develop an invention but they failed in it, some of them even dies testing their inventions.

AeroMobil an US organization has stated they are working on a flying car called as 5.0 VTOL and will be in market within 2 to 3 years or may be sooner, but this is not the only company working on flying car at the moment. Terrafugia of Woburn, Massachusetts leader of mobility revolution, is developing a vehicle that can transform from an airplane into a car and it will be introduced in the market very soon.

In august 2018, Uber made an announcement about launching flying cars in five countries across the world and also stated that they are collaborated with NASA to launch flying taxi services in Los Angeles by the end of 2020.

Likely John Deere, Porsche are also working on their flying car project and they will lunch as soon as possible both largest market players are investing more money in research and development.

Segment Analysis:

On the basis of product the flying car has been bifurcated into two types as Flying cars and Passenger drones. Flying cars are most likely to have capacity of 3 to 5 persons at the same and in contrary to this passenger drone will allow on one person for transportation.

On the basis of capacity of carrying people the flying car has been segmented into 2 person sitter, 3 person sitter and 5 person sitter. The increasing urban development and rising population, concern over driver and safety and growing demand for environmental friendly vehicles are considered as the key factors for the growth of flying car market.

Regional Analysis:

Geographically, global flying car market has been bifurcated into four regions mainly named as North America, Europe, Asia-Pacific and the rest of the world. The North America region is to considerably have the largest market share in upcoming forecast period owing to the advanced technology, stable economy and presence of key manufacturers across the country. The U.S region is playing an significant role in flying car market as is fulfilled with latest technology and increasing manufacturers across the country.

Furthermore, the rise in demand of safety features in vehicles and increasing investment by the private sector and government’s insistence for using environmental free (Pollution free) vehicles will lead to growth of this market in Asia-Pacific region. Asia-Pacific is anticipated to grow at a fastest growth rate during the upcoming forecast.  The region’s rising population, increasing accidents and growing manufacturing of electronics sector are some of the main factors anticipated to drive the flying car market growth in upcoming years.

Global Flying Car Market Study Objective

To forecast the market size of flying car market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

Market analysis and forecast of flying car market on the basis of region, substrate and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

To analyze and elaborate significant factors that will have major impact on the growth of flying car market, such as drivers, restraints, challenges and opportunities.

Regional analysis of flying car market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa and Asia Pacific.

Strategic analysis of micromarkets, in terms of individual prospects, opportunities, growth trends and their involvement in overall market.

To provide detailed analysis of competitive and strategic developments in the flying car market like new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Key players in the global flying car market are, Tesla (U.S), SpaceX, eVolo, Moller International (USA), Urban Aeronautics (Israel), Carplane Gmbh (Germany), Terrafugia (Woburn, Massachusetts) Uber Technologies Inc(US) are some of the leading companies in the manufacturing of flying cars. some of the other key players are United Parcel Service Inc., FedEx Corp., American Airlines Group Inc., Delta Air Lines Inc., United Continental Holdings, Textron Inc., Boeing, Lockheed, Northrop, Tesla Inc., Lear Corp., Adient Plc., Seagate Technology Plc. and Hewlett Packard Enterprise Co.

World Top 7 Companies Working On Future 'Flying Cars'

1. German company eVolo made a big announcement on Wednesday when it said it will use its VTOL aircraft for a pilot taxi service 2018. Its called volocopter 2X, the aircraft has 18 rotors and can fit tow people.  

2. Airbus is developing a single-person VTOL under its Silicon Valley arm A³ as part of its Project Vahana. The aircraft will be autonomous and can carry a single passenger or cargo. The electric aircraft will have 8 rotors and will be able to achieve an altitude of about 1,000 feet. It will be fully self-piloted, though it will also come with autonomous tech like radar and lidar to detect obstacles. Airbus is also designing a flying taxi system, named CityAirbus, that would have multiple propellers and resemble a small drone. Multiple people would be able to book a ride on the flying taxi system via an app.

3. Uber plans to partner with other companies to use VTOLs for city commutes. The company published a White Paper in October outlining how its plans to launch the project, dubbed Uber Elevate, by 2026.

4. Chinese drone company EHang is working to get its giant, taxi drone in the air as soon as federal regulations will allow it. It can carry 220 pounds, cruise at 62 mph, and fly over 11,000 feet. The EHang is another Uber-like system in that passengers would enter their desired location and the drone would then fly on its own.

5. Terrafugia is building a car that can take off, fly, and land autonomously — but you would still have to drive it manually. The plug-in hybrid has a range of 500 miles, and it can take off vertically so you don't need to be on a runway for liftoff.

6. Google co-founder Larry Page is funding secretive startup Zee.Aero to build a VTOL aircraft. Slovakian firm AeroMobil is perhaps making the closest thing to a flying car. Its aircraft, like Terrafugia's Transition, needs a runway to take off but can drive on roads.

Global Flying Car Market Study Report Offer You!

The global market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.