Flying Car Market Expected to Reach $4184.2 Million by 2035

According to a new report published by Allied Market Research, titled, “Flying Car Market," The Flying Car Market Size was valued at $242.9 million in 2025, and is estimated to reach $4184.2 million by 2035, growing at a CAGR of 34.2% from 2026 to 2035.

A flying car, also known as a roadable aircraft or personal air vehicle, is a hybrid mode of transportation that functions both as a car on the road and an aircraft in the sky. Typically designed to accommodate two passengers, these vehicles can travel at speeds up to 120 km/h on the ground and reach cruising speeds of around 150 mph in the air. Flying cars represent an evolution in transportation technology, aiming to provide more efficient, door-to-door travel by reducing traffic congestion and offering greater mobility in both urban and rural areas.

Technological and infrastructural challenges associated with the flying car development and high costs associated with the development of flying cars system and supporting technology are the crucial factors that are expected to impact the growth of the flying car market during the forecast period.

Flying cars are the new era of urban mobility that caters to the changing mobility requirements of the urban population along with attaining the operational efficiency with improved safety. To cater to the changing urban commute requirements and to gain competitive advantage in the global market, the majority of the auto makers are investing in flying car solutions. For instance, in 2019, Hyundai Group announced the plan of investment in the flying car business unit located in Washington, U.S. with the investment of about $1.5 billion in urban air mobility sector by 2025.

Moreover, in May 2021, Hyundai planned about $7.4 billion in the U.S. by 2025 for to upgrade manufacturing facilities for improved capacity, investment in smart mobility solutions and electric vehicles. In addition, in May 2024, Boeing invested $70M in its flying taxi subsidiary Wisk Aero as part of a larger investment to further its innovation of air taxi in Canada. This investment help to boost the development & manufacturing of self-flying, four-passenger eVTOL (electric vertical takeoff and landing) air taxi at Montreal engineering center in Canada.

Europe is expected to hold the dominating position in the global market owing to growth in product development activities by the regional players such as Klein Vision S. R. O., AeroMobil among others, In addition, Governmental investment fund and investors are raising fund for the business development. Commercial & professional commute segment is expected to hold dominating position in 2025 owing to the growing initiatives of the commercial service providers such as Uber is entering into partnership with market players for the development of the commercial flying car solution, however, personal commute segment is anticipated to witness leading growth over the forecast period. Proactive government initiatives toward the development of flying car and advancements in flying car technologies are expected to supplement the flying car market, thereby providing a lucrative opportunity for the expansion of the flying car market during the Flying Car Market Forecast period.

The global flying cars market is segmented into mode of operation, end use, seating capacity, and region. By mode of operation, the market is divided into piloted and autonomous. Depending on end use, it is bifurcated into commercial & professional commute and personal commute. Based on seating capacity, it is segregated into one, two, four, and more than six. Region-wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Key players included in the Flying Car Market Analysis are AeroMobil, Airbus S.A.S., Hyundai Motor Company, Klein Vision s. r. o., Lilium, PAL-V N.V., Samson Motors, Inc., Terrafugia, The Boeing Company, and Volocopter GmbH.

Key Market Findings

• Based on Mode of Operation, the Piloted segment had the dominating Flying Car Market Share in the year 2025. This is attributed to the current limitations in autonomous technology, including safety concerns, regulatory challenges, and a lack of infrastructure to support fully autonomous flying cars. As a result, piloted operations dominate due to their reliability and lower regulatory hurdles.
• Based on End Use, the Commercial & Professional Commute segment will dominate the Flying Car Market Size in the year 2025. This is attributed to the higher demand from professional services such as air taxis, emergency medical transport, and corporate travel, where flying cars offer efficiency, reducing travel time significantly compared to personal use.
• Based on Seating Capacity, the More Than Six segment will dominate the global Flying Car Industry in the year 2025. This is attributed to the demand for flying cars with larger seating capacities, especially for commercial operations like air taxis, where transporting multiple passengers simultaneously increases profitability and meets customer demand for group travel.
• Based on region, the Europe segment will dominate the global Flying Car Industryin the year 2025. This is attributed to Europe’s early adoption of advanced urban mobility solutions and government support for innovative transportation systems, along with a high level of investment in infrastructure for flying cars.