Flying Car Market Trends – High demand from North America

VANCOUVER, BC, CANADA, June 13, 2022 /EINPresswire.com/ --
The global flying car market size is expected to reach USD 1,390.1 Million at a steady revenue CAGR of 58.6% in 2030, according to latest analysis by Emergen Research. Rapid urbanization, rising demographic rate, an increase in people\'s disposable income, and improvement in their standard of living are factors driving market revenue growth.

The latest report is the first study encompassing the current Flying Car market situation with respect to the COVID-19 outbreak. Since the advent of the outbreak, the global economic landscape has been grappling with adverse financial consequences. The report analyzes the drastic impact of the pandemic on this business sphere. The pandemic has affected nearly all segments of the Flying Car market. It has further hampered the developmental scope of various manufacturers and buyers engaged in this sector. Thus, the report studies the industry’s shifting dynamics to scrutinize the profits earned or loss suffered by different segments.

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Some Key Highlights from the Report

In March 2020, PAL-V, a Dutch company, announced plans to build a manufacturing facility in Gujarat, adding that cars produced in this facility would be exported to the U.S. and European countries. A memorandum of understanding was signed by MK Das, Principal Secretary of State Industries, and Carlo Maasbommel, Vice President of PAL-International V\'s Business Development.

Software segment accounted for a significant revenue share in 2021. The impact of software on flying vehicles has proven beneficial for major market players in terms of not only accessing the vehicle\'s live status but also enabling digital inspection. Customers can easily book vehicle appointments and significantly reduce their maintenance costs.

Four seats segment accounted for a larger revenue share in 2021, due to increasing demand from urban population and increased comfortability. The boot capacity of this segment is sufficient for carrying luggage, and also have a great handling.

The global Flying Car market consists of various segments, including product type outlook, application spectrum, end-user overview, leading regions, and the competitive analysis. The report further provides information regarding the value chain, emerging market sectors, and the technological advancements in the industry to benefit readers and businesses looking to invest in this industry.

Key Market Competitors Profiled in the Report:
AeroMobil, Boeing, Cartivator, EHang, Airbus, Terrafugia, Joby Aviation, Lilium GmbH, Volocopter GmbH, and PAL-V International B.V.

To get leading market solutions, visit the link below: https://www.emergenresearch.com/industry-report/flying-car-market

Emergen Research has segmented global flying car market on the basis of component, seating capacity, mode of operation, and region:

Component Outlook (Revenue, USD Million; 2019–2030)
Hardware
Software
Services
Seating Capacity (Revenue, USD Million; 2019–2030)
One seat
Two seats
Four seats
More than Six seats
Mode of Operation (Revenue, USD Million; 2019–2030)
Piloted
Autonomous
Regional Outlook (Revenue, USD Million; 2019–2030)
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
France
Spain
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
Israel
Rest of MEA

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Target Audience of the Report:
Leading Companies
Large, medium-sized, and small enterprises
Investors
Value-Added Resellers (VARs)
Venture capitalists
Third-party knowledge providers
The report considers the following timeline for market estimation:

Historical Years: 2017-2018
Base Year: 2022
Estimated Year: 2020
Forecast Years: 2022-2030

For more details of the Flying Car Market Report, visit @ https://www.emergenresearch.com/industry-report/flying-car-market

The global Flying Car market report evaluates the latest economic scenario in terms of value and volume. It highlights the key growth drivers, restraints, production capacity, demand & supply ratio, import/export status, growth rate, and other critical aspects. Additionally, the report also performs SWOT analysis, Porter’s Five Forces analysis, speculation attainability investigation, and venture return investigation.

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Thank you for reading our report. For further details or to inquire about customization, please get in touch with us. We assure you that your report will be designed as per your requirements.

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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Flying Car Market Size Worth USD 1,390.1 Million in 2030