Flying Car Market Poised for Robust Growth, forecasted to Expand at 37.80% CAGR from 2024-30
MarkNtel Advisors has released its latest report highlighting strong growth in The Global Flying Car Market is close to USD 100 million in 2023 and is projected to cross USD 550 million by the end of 2025 with a further projected CAGR of 37.80% by 2030.
Report Coverage
This report offers a comprehensive analysis of the Flying Car Market, providing valuable insights across historical trends, current dynamics, and future forecasts.
- Base Year: 2023
- Forecast Years: 2024-30
- Historical Years: 2019-22
Flying Car Market Overview
The adoption of flying cars is gradually witnessing an uptick due to the growing inclination of sectors such as tourism, urban mobility, etc., towards vertical take-off and landing (VTOL) vehicles. Along with this, the rise of urban traffic congestion is posing a significant challenge for ride-hailing and parcel-delivery services. Due to this, these companies are constantly seeking innovative solutions to improve efficiency and meet customer demands for speed. In this case, flying cars are emerging as a potential game-changer due to their ability to navigate above traffic jams. In line with this, flying car manufacturers are prioritizing the development of vehicles suited for both urban passenger transport and delivery services.
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Flying Car Market Segmentation Outlook
The Flying Car is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Vehicle Type
- Flying Cars- Market Size & Forecast 2019-2030, Thousand Units
- Passenger Drone- Market Size & Forecast 2019-2030, Thousand Units
By Propulsion
- ICE- Market Size & Forecast 2019-2030, Thousand Units
- Electric- Market Size & Forecast 2019-2030, Thousand Units
By Capacity
- 2-Seater- Market Size & Forecast 2019-2030, Thousand Units
- 3-4 Seater- Market Size & Forecast 2019-2030, Thousand Units
- >4 Seater- Market Size & Forecast 2019-2030, Thousand Units
By Mode of Operation
- Manned- Market Size & Forecast 2019-2030, Thousand Units
- Unmanned - Market Size & Forecast 2019-2030, Thousand Units
By End User
- Military & Defense- Market Size & Forecast 2019-2030, Thousand Units
- Tourism & Hospitality- Market Size & Forecast 2019-2030, Thousand Units
- Logistics & E-Commerce- Market Size & Forecast 2019-2030, Thousand Units
- Individuals- Market Size & Forecast 2019-2030, Thousand Units
- Others- Market Size & Forecast 2019-2030, Thousand Units
By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Flying Car Market Driver
Growing Inclination Toward Aerial Tours in the Tourism Sector to Drive Market Growth & Expansion – Countries across the globe are substantially investing in tourism infrastructure and are creating comprehensive marketing campaigns to promote tourism. These campaigns often highlight unique cultural, historical, or natural attractions through various media channels globally. In addition to this, a large number of tourist establishments across countries such as Japan, the US, the UAE, etc., are now constantly looking for unique ways to attract tourists. Due to this, they are now focusing on providing aerial tours, which is gradually enhancing the demand for flying cars.
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Top Flying Car Market Brands & Their Strategic Market Positioning
MarkNtel Advisors Research identifies AeroMobil Limited, Airbus SE, PAL-V International, Samson Sky™, SkyDrive Inc., EHang Holdings Ltd., Volocopter GmbH, Zhejiang Geely Holding Group, Klein Vision, s.r.o., XPeng Inc., Others as key players shaping the market landscape.
Flying Car Market News
- In 2024: PAL-V International received the preorder of around 100 flying cars from a Dubai-based company called ‘Aviterra’.
- In 2024: EHang Holdings Ltd. launched an electrically powered two-seater passenger drone called 'EH216-S' worth USD 3,30,247.33. This launch would help in passenger transportation in China.
Key Questions Answered in the Report
- What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
- How the industry has been evolving, and which segments would dominate the market during the forecast period?
- What are the key opportunity areas that companies foresee in the coming years 2030?
- Who are the key players in the market, and what are their competitive strengths?
- What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?
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