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.
