The size of the global flying car market will grow at a rate of
LONDON, Oct. 06, 2021 (GLOBE NEWSWIRE) – According to The Business Research Company’s research report on the flying car market, the global flying car market is expected to grow from $ 34.41 million in 2020 to $ 52.20 million in 2021 at a compound annual growth rate (CAGR) of 51.7%. The growth in the flying car market is primarily driven by companies resuming operations and adjusting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive containment measures involving social distancing, remote working, and shutting down business activities which have resulted in operational challenges. The flying car market is expected to reach $ 330.94 million in 2025 To 58.7% CAGR.
The rapid adoption of advanced technologies is shaping the flying car market. Large companies operating in the flying car industry are focused on adopting cutting edge technologies such as rapidly developing distributed electric propulsion (DEP) technology which plays a role in efficiency, aids in quieter takeoffs and hovering. For example, in August 2019, Airspace Experience Technologies (ASX), an American company developed the MOBiOne vertical take-off and landing electric vehicle that uses a distributed electric propulsion (DEP) system and incorporates a hybrid propulsion system that allows the vehicle to fly. without reloading.
The flying car market includes the sales of flying cars by entities (organizations, sole proprietorships, and partnerships) which are a type of vehicle that can function both as a personal road vehicle and as an airplane. Flying cars, also known as hover cars, typically use rotors instead of wings. They are smaller than a commercial aircraft and have lower emissions.
The Business Research Company report titled Flying Cars Global Market Report 2021 – By Product (Manned Flying Cars, Unmanned Flying Cars), By Capacity (2 Person, 3 & 4 Person, 5 Person), By Application (Military, Commercial or Civilian), COVID-19 Growth And Change covers Major Flying Car Companies, Flying Car Market Share by Company, Flying Car Manufacturers, Flying Car Market Size, and Flying Car Market Forecast. The report also covers the global flying cars market and its segments.
Request For A Sample of the world Flying cars Marlet Report:
The main types of products in flying cars are manned flying cars and unmanned flying cars. Manned flying car is a type of flying car that requires a skilled professional driver or pilot to steer the vehicle using the car’s control system. The capacity of the flying cars ranges from 2 seater, 3 and 4 seater, 5 seater and is used in military, commercial or civilian applications.
In September 2020, Terrafugia, an American company that manufactures flying cars, merged with AOSSCI to form Aerofugia Technology (Chengdu) Co., Ltd. AOSSCI is a China-based unmanned aircraft systems developer. The new company, which is a subsidiary of the Chinese group Geely Technology, will provide comprehensive general aviation services. For future air travel and drone products, the two companies will merge their development teams while retaining the original brands.
The main players in the flying car industry are AeroMobil, Boeing, Joby Aviation, Airbus, Cartivator, Volocopter GmbH, Terrafugia, PAL-V International, Lilium GmbH, Urban Aeronautics, Moller International, Kitty Hawk Corporation, Workhorse Group, Opener and Jaunt Air Mobility.
North America accounts for the the biggest to share in the flying car market. The regions covered by the TBRC Flying Car Market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. Countries Covered in the Flying Car Market Report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom and the United States.
Flying Cars Global Market Report 2021 – COVID-19 Growth And Change is part of a series of new reports from The Business Research Company that provide insights into the flying cars market, analyze the flying cars market, and forecast the size and growth The market for the whole market, Flying cars market segments and geographies, Flying cars market trends, Flying cars market drivers, Flying cars market restraints, Revenue, profiles and market shares of the main competitors of the market flying cars in over 1,000 industry reports, spanning over 2,500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are backed by 150,000 datasets, in-depth secondary research, and proprietary information from interviews with industry leaders. A team of highly experienced and expert analysts and modelers provide market analysis and forecast. The reports identify major countries and segments for opportunities and strategies based on market trends and approaches of major competitors.
here is A List of similar reports from the commercial research company:
Global Connected Cars Market Report 2021 – By Product Type (On-Board, Connected, Integrated), By Services (Driver Assistance, Safety, Entertainment, Wellness, Vehicle Management, Mobility Management), By Application (navigation, infotainment, telematics), COVID -19 Growth and change
Global Autonomous Car Market Report 2021 – By Product Type (Semi-Autonomous Vehicles, Fully Autonomous Vehicles), By Application (Civil, Robo Taxi, Ride Hail, Ride Share), By Type (Battery Electric Vehicle (BEV) , Internal Combustion Engine (ICE), Hybrid Electric Vehicle (HEV), Growth and Change in COVID-19
Global Electric Car Market Report 2021 – By Type (Battery Electric Vehicle (BEV), Plug-in Hybrid Electric Vehicle (PHEV), Hybrid Electric Vehicle (HEV)), By Battery Type (Lithium Iron Phosphate (LFP) , lithium-Nickel-manganese-cobalt oxide (Li-NMC), lithium-titanate oxide (LTO) battery, lithium-nickel-cobalt-aluminum oxide (NCA) battery, nickel-metal hydride (NiMH) battery, Lead Acid Battery), By Application (Home Use, Commercial Use), Growth And Change Of COVID-19
Want to learn more about The Business Research Company?
The Business Research Company is a market intelligence company that excels in business, market and consumer research. With offices around the world, it has consultants who specialize in a wide range of industries, including manufacturing, healthcare, financial services, chemicals and technology.
Get a quick overview of our services here: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
The most comprehensive database in the world
The Business Research Company’s flagship product, Global Market Model, is a market intelligence platform covering various macroeconomic indicators and measures in 60 geographies and 27 industries. The global market model covers multi-layered data sets that help its users to assess the gaps between supply and demand.