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Global Flying Car Market Insight January 21, 2022 Comments

Global Flying Car Market has witnessed growing treads over the five years. According to the World Knowledge Information (WKI)Global Flying Car Market Report 2021, Forecast to 2026. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 10.5% base on WKI regression analysis model.
Analysts’ Viewpoint:
“Flying cars represent the technological apotheosis of sprawl and an attempt to eradicate distance as a fact of life for elites who are wealthy enough to routinely let slip the bonds of gravity. Proponents offer a utopian vision of seamless convenience and efficiency that delivers broad-based societal benefits.”said Wikky, Senior analyst, Global Automotive Market Research Center in WKI.
Market Insight:
Flying car manufacturers are increasing their R&D and investment in flying cars, and more and more traditional car manufacturers have joined the manufacturing of flying cars.According to Market News:General Motors is exploring options in the aerial taxi market, including whether to build the vehicles known colloquially as “flying cars,” as part of a push by the U.S. automaker to look for growth in related transportation markets, two people familiar with the matter said.Chief Executive Mary Barra on Monday briefly made her first reference ever to Detroit-based GM’s interest in the air taxi market, saying that it fit with development of electric vehicles (EVs) and its Ultium advanced electric battery.“We believe strongly in our EV future and not just for vehicles,” she said at an RBC conference. “The strength and flexibility of our Ultium battery system opens doors” for many uses, she added, “including aerial mobility.”Air taxis are vertical take-off and landing (VTOL) aircraft that use electric motors instead of jet engines. Designed to avoid the need for long runways, they have rotating wings and, in some cases, rotors in place of propellers.
Competition Landscape:
The global Flying Cars market is dominated by major players such as Boeing, Airbus, BMW and GM .These companies have strong distribution networks at a global level. In addition, these companies offer an extensive product range in this market. These companies adopt strategies such as new product developments, collaborations, and contracts & agreements to sustain their market position.
Segmentation of Flying Car Market:
The market segmentation is based on application, Flying Car application is divided into Manned flying car and Unmanned Flying Cars.Among applications, Manned flying cars are the main research field, and single-person manned flying cars are the main areas.And in the future when safety and stability are higher, manned flying cars will have a broader market.
Flying Car Market: Regional Analysis
In terms of geography, the Global Flying Car market has been segmented into: North America, Asia-Pacific, Europe, South America, and the Middle East and Africa. The North Americais expected to be the market leader followed by Asia-Pacific and Europe. With the continuous support and investment of national policies and local car companies in the Asia-Pacific and European regions, it is expected that the technology of flying cars will become more and more perfect in the future.
CAGR: 10.5%
Largest share area:North America
Largest share country:USA