Market Research Report
Global and China Flying Car Industry Report, 2020-2026
|Global and China Flying Car Industry Report, 2020-2026|
Published: April 1, 2021
Content info: 130 Pages
Delivery time: 1-2 business days
ResearchInChina released Global and China Flying Car Industry Report, 2020-2026, analyzing eVTOL ((Electric Vertical Takeoff and Landing) from the perspective of status quo, trends, business models, financing, the layout of major players, and product solutions.
Compared with traditional cars and aircrafts, eVTOL has gradually materialized, featuring zero emission, low cost, point-to-point low-altitude flight (short mobility time without geographical restrictions), vertical take-off and landing, land and aerial applications. For example, EHang 216 with multi-rotor electric vertical take-off and landing is used as an ambulance in the coronavirus crisis.
By 2030, 60% of the population will migrate into cities, which may pose enormous pressure on urban ground transportation. By then, the demand for urban aerial short-distance mobility will increase significantly. Morgan Stanley predicts that the flying car market will reach USD320 billion by 2030.
Flying cars have been favored by many investors due to the broad application prospects. Larry Page, cofounder and CEO of Alphabet, Google's parent company, was among the first to recognize their potentials, personally funding three companies, Zee Aero, Opener and Kitty Hawk. Particularly, Sebastian Thrun, Google's self-driving team founder turned CEO of flying vehicle startup Kitty Hawk. This indicates the trend of the mobility market: the future transportation may develop in the sky.
Among the three flying car unicorns, Joby Aviation is from the United States, Volocopter and Lilium are from Germany. Joby Aviation has raised the overwhelming USD820 million. Volocopter has announced the signing of their Series D funding round, and its investors include Geely, Daimler, Geely, Daimler, DB Schenker, Intel Capital, etc.
American companies (accounting for nearly 50%) are the most enthusiastic about developing flying cars, followed by Chinese companies. Many companies aim to materialize flying cars around 2025. Five flying car projects have seen mass production, and 38% have realized automation.
Automotive technology and aviation technology are merging with each other. Benefiting from the development of automotive electrification, flying cars have a progress in endurance. For example, Airbus Vahana eVTOL has a range of up to 50 kilometers, which basically enables urban short-distance mobility.