We could be entering the age of the electric vertical take-off and landing vehicle (eVTOL), more commonly known as the flying car. Growth estimates for the coming years suggest that investing in one or more of the stocks in this sector could be highly profitable. But before looking at those growth forecasts, it's important to understand the applications.
This isn't the Jetson's and won't be for many years. However, commercialization of these eVTOLs will have significant impact in areas such as last-mile delivery, urban transit, and even the ability for emergency personnel to reach remote areas.
According to Allied Market Research, the flying car market will be valued at $215.54 million in 2025 but will increase to over $3.8 billion by 2035. That's a compound annual growth rate of 34.1%. And keep in mind this is a global market in which some of the biggest growth may come outside of the United States. Morgan Stanley (NYSE: MS) believes this sector will have a total addressable market (TAM) of $1.5 trillion by 2040, with a bullish case that puts the TAM at $2.9 trillion.
But is it time to invest in flying car stocks? The good news is that the sector is in its early days, filled with up-front capital expenditures, testing, and development. Plus, to achieve commercial certification, every company will have to meet stringent FAA standards. The bad news is that these companies are years away from turning a profit.
In this special presentation, we're focusing on seven stocks that long-term-oriented investors may want to consider as the flying car industry continues to take flight.
Click the "Continue to Slide #1" button to view the first company.
