Flying Cars Global Market Sees Growth Rate Of 62% Through 2022

The global flying cars market size is expected to grow from $52.2 million in 2021 to $84.39 million in 2022 at a compound annual growth rate (CAGR) of 61.7%. The global flying car market size is expected to grow to $488.56 million in 2026 at a CAGR of 55.1%.

What is the Global Flying Cars Market?

The flying cars market consists of sales of flying cars by entities (organizations, sole traders, and partnerships) that is a type of vehicle that can function as both a personal road vehicle and an aircraft. Flying cars also known as hover cars, usually use rotors instead of wings and are smaller than a commercial aircraft, and have lower emissions.

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What drives the Global Flying Cars Market?

The increase in demand for environmentally friendly transportation will propel the growth of the flying cars global market during the forecast period. Flying cars use vertical take-off and landing (VTOL) to take off cars. Flying cars are a lot more efficient over longer trips than shorter trips when compared to passenger cars. Therefore, the increasing demand for environmentally friendly transportation is expected to drive the growth of the flying cars market.

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Global Flying Cars Market Segments
The global flying cars market is segmented:
By Product: Manned Flying Cars, Unmanned Flying Cars
By Capacity: 2-Person Sitter, 3 and 4-Person Sitter, 5-Person Sitter
By Application: Military, Commercial or Civil
By Geography: The regions covered in the flying cars global market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Flying Cars Global Market Report 2022provides market size and growth forecasts for the global flying cars market, global flying cars market share, flying cars market segments and geographies, flying cars market competitive landscape including leading competitors’ revenues, profiles and market shares. The flying cars market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Flying Cars Industry Playersinclude 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. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.