What is Flying Cars MarketMarket?
The increasing congestion and overcrowding in cities has contributed to be a driving factor for the Global Flying cars market. However, the growth in the economy has led to an increase in high net worth individuals which in turn is encouraging the adoption of private air travel like flying cars. Often, these individuals are the target audience for the Flying cars market. A flying car is a plane that has been modified for road use is more likely to be called a ‘roadable aircraft’. Transportation facilities and systems have been seen negligible to concurrent growth and development to suffice the needs of urban mobility.
Increase usage of private air travel., Rapid urban development and increase in urban population. Advancement in technology, Growing demand for ultralight electric aircraft. and The inclusion of the Internet of Things (IoT) and blockchain to make flying cars safer.
Increase in congestion and overcrowding in cities., Increase adoption of private air travel. and Increase in urban population leading to increase in personal transit and freight movement.
Increasing adoption of private air travel and Growing demand for ultra light electric aircraft
The Vendors Covered in the Study are:
PAL-V (Netherlands), AeroMobil (Slovakia), TERRAFUGIA (United States), Lilium (Germany), EHANG (China), E-Volvo (Sweden), Tactical robotics (Israel), Carplane (Germany), Joby Aviation (United States), Malloy Aeronautics (United Kingdom), Hoversurf (United States) and Kitty Hawk (United States)
List of players that can be included in the study on immediate basis are Xplorair (Malaysia), Cartivator (Japan), Airbus (Netherlands), Uber (United States) and Aerofex (United States).