MarkNtel Advisors recently published a detailed industry analysis of the Flying Car Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Flying Car Market (2024-2030)
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.
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What is driving the Flying Car Market?
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. For instance,
- In 2023, the MASC General Incorporated Association, an association promoting aerial tourism in the Setouchi Islands of western Japan, placed a preorder with a Japanese manufacturer specializing in eVTOL (electric vertical takeoff and landing) vehicles for their flying cars.
- In 2023, the Oklahoma Department of Commerce in the United States announced a partnership with the electric vertical take-off and landing vehicle start-up, Neo Aeronautics, to introduce automated flying vehicles in the state as a strategy to boost tourism.
Moreover, flying cars could significantly reduce road traffic congestion, which would make tourism-related travel more efficient. Hence, as these flying cars can minimize the pressure on traditional road networks, their adoption is anticipated to surge, which is ultimately projected to augment the size & volume of the Global Flying Car Market during the forecast period.
What segments define the Flying Car Market from 2024 to 2030? How do these segments contribute to market dynamics and growth?
By Vehicle Type
(Flying Cars, Passenger Drone),
By Propulsion
(ICE, Electric),
By Capacity
(2-Seater, 3-4 Seater, >4 Seater),
By Mode of Operation
(Manned, Unmanned),
By End User
(Military & Defense, Tourism & Hospitality, Logistics & E-Commerce, Individuals)
By Regions
North America, Europe, Asia-Pacific, South America, Middle East & Africa
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Who are the leading key players shaping the Flying Car Market landscape?
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
Questions Addressed in this Study
1.What factors are driving the Flying Car Market growth?
2.How is the Flying Car Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Flying Car Market?
4.What is the current size of the Flying Car Market, and how is it projected to change in the future?
6.What is the future outlook for the Flying Car Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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