THE FUTURE: It is predicted the flying car market will explode in years to come It is thought that the autonomous flying car market will explode in the next two decades as technology and investment improve, Morgan Stanley Research has concluded.
The finance firm’s in-depth report examines data from a range of sources that all show phenomenal growth in the field is set to happen.
The future big-players when it comes to airborne vehicles look to be Boeing and its subsidiary Aurora Flight Sciences, which is hoping to reveal a flying car prototype as early as next year.
Company Airbus will also seemingly have a chunk of the market after getting involved in two air taxi ventures – Vahana in Silicone Valley and Voom in Brazil and Mexico.
Adam Jonas, a senior analyst on Morgan Stanley’s research team, said: “We see the development of the UAM [urban air mobility] ecosystem as extremely long-dated and requiring up-front capital allocation, testing and development in the short term, with increasing visibility.”
The report states: “Lockheed Martin is investing in eVTOL autonomous aircraft, and we believe Northrop Grumman is likely involved as well, while Raytheon and Harris are targeting air traffic control technology.
“Fully functional autonomous aviation may need to improve to a level significantly greater than that of conventional EVs/AVs [electric vehicles / autonomous vehicles] for road transport over the next 10 years.”It is thought that companies such as Amazon will invest in using flying car technology as a way to significantly reduce its delivery costs.Experts say the retail giant’s second-biggest cost, with flying cars addressing that issue in very rural and highly-congested urban areas.