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Report: Flying-car market could hit $1.5 trillion

Aurora eVTOL
An artist’s conception shows the eVTOL air taxi being developed by Aurora Flight Sciences, a Boeing subsidiary. (Aurora / BCG Digital Ventures via YouTube)

The market for autonomous flying cars — also known as eVTOL aircraft, air taxis or personal air vehicles — could amount to nearly $1.5 trillion by the year 2040, according to an in-depth analysis from Morgan Stanley Research.

The financial company’s 85-page report, distributed to clients this week, draws together data from a host of sources, including a private-public symposium on urban air mobility that was conducted last month in Seattle.

“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;” said Morgan Stanley’s research team, which includes senior analyst Adam Jonas.

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By Alan Boyle

Mastermind of Cosmic Log, contributing editor at GeekWire, author of "The Case for Pluto: How a Little Planet Made a Big Difference," president of the Council for the Advancement of Science Writing. Check out "About Alan Boyle" for more fun facts.

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