According to a market study published by Dataintelo, titled, "Global Flying Cars Market By Type, By Application, By Components, By System, By Technology, By End User, and Region: Size, Share, Trends and Opportunity Analysis, 2022-2030," the market size was USD 1.9 Bn in 2020 and is anticipated to surpass USD 17.84 Bn expanding at a CAGR of 25.1% by 2030.
Key Players Covered
Airbus
PAL-V
AeroMobil
Carplane GmbH
Terrafugia (Zhejiang Geely Holding Group)
Lilium
Ehang UAV
Kitty Hawk
Openerï ¼ŒInc
Rolls-Royce
Airbus
Key Takeaways:
1. Flying car is a combination of traditional automobiles with aircraft technology that can run on the road and fly in the air.
2. Growing demand for aerial transport and increasing technological advancement in aviation are expected to drive the market.
3. The unmanned flying cars segment is projected to expand at the fastest CAGR, owing to its ability to detect obstacles through sensors, software, and cameras, which further reduce the pilot need.
4. The military segment is anticipated to hold a large market share, due to the rising adoption of flying cars in reconnaissance, surveillance, and troop transport.
5. The delivery companies segment is expected to grow at a significant pace, due to the high usage of flying cars in air transportation service.
North America is projected to dominate the market during the forecast period, owing to the increasing investment in R&D activities for developing advanced flying cars.
