The Worldwide Market for Flying Cars is Predicted to Reach $320 Billion by 2030

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May 21, 2021, 06:45 ET

DUBLIN, May 21, 2021 /PRNewswire/ -- The "Global and China Flying Car Industry Report, 2020-2026" report has been added to ResearchAndMarkets.com's offering.

This report analyses eVTOL ((Electric Vertical Takeoff and Landing) from the perspective of status quo, trends, business models, financing, the layout of major players, and product solutions. Morgan Stanley predicts that the flying car market will reach $320 billion by 2030.

Compared with traditional cars and aircrafts, eVTOL has gradually materialized, featuring zero emission, low cost, point-to-point low-altitude flight (short mobility time without geographical restrictions), vertical take-off and landing, land and aerial applications. For example, EHang 216 with multi-rotor electric vertical take-off and landing is used as an ambulance in the coronavirus crisis.

Investors favor urban air mobility (UAM). The total financing of the three unicorns exceeds $1.5 billion

By 2030, 60% of the population will migrate into cities, which may pose enormous pressure on urban ground transportation. By then, the demand for urban aerial short-distance mobility will increase significantly.

Flying cars have been favored by many investors due to the broad application prospects. Larry Page, cofounder and CEO of Alphabet, Google's parent company, was among the first to recognize their potentials, personally funding three companies, Zee Aero, Opener and Kitty Hawk. Particularly, Sebastian Thrun, Google's self-driving team founder turned CEO of flying vehicle startup Kitty Hawk. This indicates the trend of the mobility market: the future transportation may develop in the sky.

Among the three flying car unicorns, Joby Aviation is from the United States, Volocopter and Lilium are from Germany. Joby Aviation has raised the overwhelming USD820 million. Volocopter has announced the signing of their Series D funding round, and its investors include Geely, Daimler, Geely, Daimler, DB Schenker, Intel Capital, etc.

Currently, 5 flying car models have been mass-produced. Electrification and autonomous driving are the mainstream

American companies (accounting for nearly 50%) are the most enthusiastic about developing flying cars, followed by Chinese companies. Many companies aim to materialize flying cars around 2025. Five flying car projects have seen mass production, and 38% have realized automation.

Automotive technology and aviation technology are merging with each other. Benefiting from the development of automotive electrification, flying cars have a progress in endurance. For example, Airbus Vahana eVTOL has a range of up to 50 kilometers, which basically enables urban short-distance mobility.

Amid many participants, Geely, Xpeng, Hyundai and other OEMs have deployed the market

Currently, traditional airlines such as Boeing, Airbus, Bell, etc. have embarked on flying car projects. Technology companies follow suit. For example, Uber has established Uber Elevate to develop flying taxis with 9 partners including Embraer, Aurora Flight Sciences, Jaunt Air Mobility, etc.

The CEO of the OEM Xpeng recently stated that it will build flying cars in 2021. Geely completed its acquisition of the US flying-car startup Terrafugia, and invested in Volocopter, a German electric flying taxi R&D company, demonstrating its ambition to deploy UAM. Recently, Transition (TF-1), a subsidiary of Geely, obtained the world's first special airworthiness certificate from the Federal Aviation Administration (FAA), USA.

The United States, Germany, China, South Korea, Japan and many other countries have paid attention to the concept of flying cars, and many of them have formulated UAM development plans. Affected by favorable policies, insufficient urban road traffic space, autonomous driving and the development of 5G communication technology, flying cars are expected to become an important way of smart mobility in the future.

Key Topics Covered:

1. Overview of Flying Cars
1.1 Definition
1.2 Classification
1.3 Development History
1.4 Features and Advantages
1.5 Comparison of Autonomous Flying Cars, UAVs and Shared Cars
1.6 Technology
1.7 Grades of Autonomous Flying Car Technology
1.8 Development of eVTOL Technology
1.9 Applications

2. Global and Chinese Flying Car Market
2.1 Status Quo
2.2 Laws and Regulations
2.3 Development Plan in Japan
2.4 Development Plan in South Korea
2.5 Development Plan in Europe and America
2.6 Development Plan in China
2.7 Market Size
2.8 Competitive Landscape
2.8.1 Parameter Comparison of Flying Cars in Mass Production
2.8.2 Financing
2.8.3 Financing Ranking
2.8.4 Cooperation between Domestic and Foreign OEMs and Technology Companies
2.9 Business and Management Models
2.10 Key Challenges
2.11 Development Trends

3. Airlines Which Lay out Flying Car Field
3.1 Boeing
3.1.1 Profile
3.1.2 Flying Car Prototype: PAV and CAV
3.1.3 Flying Car Prototype: Parameter Comparison of PAV and CAV
3.1.4 Flying Car Layout Schedule
3.2 Airbus
3.2.1 Profile
3.2.2 Development History of Vahana
3.2.3 Technical Parameters of Vahana
3.2.4 Development History of Flying Car Project
3.2.5 Technical Parameters of Flying Cars
3.2.6 Cooperation and Development Plan in the UAM Field
3.3 Bell
3.3.1 Profile
3.3.2 Parameter Comparison of Air Taxis
3.3.3 Cooperation and Development Plan in the UAM Field
3.4 MuYu Aero Technology
3.4.1 Profile
3.4.2 Air, Land and Sea Flying Car
3.4.3 Air, Land and Sea Flying Car: Parameters
3.4.4 Air, Land and Sea Flying Car: Parameters and Development Plan
3.5 Embraer
3.5.1 Profile
3.5.2 UAM Aircraft
3.6 AVIC
3.6.1 Profile

4. Flying Car Manufacturers
4.1 Volocopter
4.1.1 Profile
4.1.2 Main Investors
4.1.3 Development History
4.1.4 eVTOL Industry Chain
4.1.5 Parameters and Layout Plan
4.1.6 Commercial Operation and Layout Plan
4.2 AeroMobil
4.2.1 Profile
4.2.2 Flying Car
4.2.3 Parameters of AeroMobil 4.0
4.2.4 Commercialization
4.3 Lillium
4.3.1 Profile
4.3.2 Lilium Jet
4.3.3 Development Roadmap of Lilium Jet
4.4 SkyDrive
4.4.1 Profile
4.4.2 Development History
4.4.3 Partners
4.4.4 Parameters
4.4.5 Commercialization Roadmap
4.4.6 Application Scenarios
4.5 Joby Aviation
4.5.1 Profile
4.5.2 Financing
4.5.3 Development History of Joby Aviation
4.5.4 Joby Aviation S4
4.5.5 Commercialization Roadmap of Joby Aviation
4.5.6 Joby Aviation Acquired Uber Elevate
4.6 PAL-V
4.6.1 Profile
4.6.2 PAL-V Liberty
4.6.3 Parameters of PAL-V Liberty
4.7 Kitty Hawk
4.7.1 Profile
4.7.2 Kitty Hawk
4.7.3 Parameters of Heaviside
4.8 Opener
4.8.1 Profile
4.8.2 Development History of Opener
4.8.3 Parameters of Blackfly
4.9 EHang
4.9.1 Profile
4.9.2 Development History of Flying Cars
4.9.3 Flying Car Certification
4.9.4 Financing
4.9.5 Parameters of Autonomous Aircrafts
4.9.6 Capacity Expansion Plan in China
4.9.7 UAM Ecosystem Layout

5. Automakers and Technology Companies Which Lay out the Flying Car Field
5.1 Geely
5.1.1 Profile
5.1.2 Development History of Transition
5.1.3 Parameters of Transition
5.1.4 Geely invested in Volocopter
5.2 Xpeng
5.2.1 Profile
5.2.2 Traveler T1
5.3 Hyundai
5.3.1 Profile
5.3.2 Parameters of S-A1
5.3.3 Hyundai and Urban Airport Cooperate to Build Flying Car Airports
5.3.4 Future Smart Mobility Vision
5.4 General Motors
5.4.1 Flying Car Layout
5.5 Aston Martin
5.5.1 Flying Car Layout
5.6 Porsche
5.6.1 Flying Car Layout
5.7 Toyota
5.7.1 Flying Car Layout
5.8 Daimler
5.8.1 Flying Car Layout
5.9 Uber
5.9.1 Profile
5.9.2 Partners of Uber Elevate
5.9.3 Business Models of Uber Elevate

For more information about this report visit https://www.researchandmarkets.com/r/crlpki

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