The global demand for Personal Air Vehicles Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Personal air vehicles or PAV is an innovative mode of transport to provide fast urban on-demand aviation service. It is best suited for door-to-door transport solutions and is designed to fly at low altitudes. The PAV is based on the principles of UAVs and electric propulsion technologies. This vertical take-off and landing aircraft is extremely easy to fly and is piloted with a single joystick. PAVs are powered by alternative fuels, fuel cells, or electric batteries, which are highly reliable and can accommodate less than five passengers. They have their own "lanes" designated in the sky, which can detect and communicate with each other when flying to reduce the risk of collisions.
The increasing traffic jams and road traffic, especially on highways, and advancements in artificial intelligence technologies will be the primary stimulant for developing this innovative transportation solution. Growing investments to construct fully autonomous commercial PAVs will boost the market growth. Preference for comfortable, personal flight experience than the ride-sharing concept among the affluent will provide opportunities for this lucrative market's growth. In recent years, the confluence of various technologies, like autonomous vehicles, more efficient batteries, and advanced manufacturing techniques, will be a market booster. This emerging technology has multiple barriers that are yet to be handled like aviation safety, operating costs, public acceptance, airspace integration, aircraft noise, and emissions.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of personal air vehicles.
The entire personal air vehicles market has been sub-categorized into type and application type. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Application Type
- Roadable Aircraft
- Ultralight Helicopters
- Light-Sport Aircraft
- Ultralight Trikes
- Powered Paragliders
- Aviation Services
- Personal Use
This section covers regional segmentation which accentuates on current and future demand for personal air vehicles market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Personal Air Vehicles Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the personal air vehicles market include Terrafugia, Aeromobil, Aero, Kitty Hawk, Airbus S.E., Audi AG, Detroit Flying Cars. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.