"Morgan Stanley says market for self-flying cars could rise to $1.5 trillion by 2040"

From our introduction to 2016's "Uber to Challenge Airbus in the Autonomous Electric Flying Taxi Business":

As the only analysts covering the nascent as-yet-theoretical autonomous electric flying taxi market we intend to be the the go-to source for all things autonomous electric flying taxi and/or theoretical....

It appears we may have some upstart analyst competition. Arrivistes!
Or, as Churchill's detective/bodyguard was reputed to have commented on meeting a certain American "He has the whiff of the parvenu about him".

And from GeekWire:

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.

The players include Boeing, which is working with its subsidiary, Aurora Flight Sciences, to field a flying-car prototype next year; and Airbus, which is involved in air taxi ventures including Vahana in Silicon Valley and Voom in Brazil and Mexico. Just this month, Airbus and Audi demonstrated a scaled-down version of an eVTOL craft — that is, an electric-powered, vertical-takeoff-and-landing air vehicle — at a drone industry show in the Netherlands.

“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,” Morgan Stanley said in its report.

A wide array of startups are in the eVTOL race as well. The running list includes Uber, Opener, Kitty Hawk, Joby Aviation, Terrafugia, VerdeGo Aero, the Dutch venture PAL-V, China’s EHang, Germany’s Volocopter and Lilium, Switzerland’s Passenger Drone, Slovakia’s AeroMobil and Japan’s Cartivator Project. Even Aston Martin and Rolls-Royce, two stalwarts of the British automotive and aerospace industries, are in the running.

Morgan Stanley said flying cars could complement the delivery drone operations that companies including Amazon and Wing (a Google spin-out) are contemplating. “Shipping is Amazon’s second-largest cost … and flying cars could reduce delivery costs in both rural and traffic-congested urban areas,” the report said.
Passenger travel is expected to account for most of the market in 2040, amounting to $851 billion in Morgan Stanley’s base-case scenario....MORE, including video.

Previously:
July 2018 
Rolls-Royce Presents Electric ‘Flying Taxi’ at Farnborough Airshow
February 2018
Airbus Tests Its Autonomous Flying Taxi

Nov. 2017

"NASA is working with Uber on its flying taxi project" 

Sept. 2017

Dubai starts testing crewless two-person flying taxis

July 2017
Flying taxis to transport passengers in Moscow in 2018 

Sept 2017 

Here Comes Another Electric Flying Taxi Startup
October 2016
Uber to Challenge Airbus in the Autonomous Electric Flying Taxi Business
October 2016
The Effect Of Airbus' Cash Squeeze On Their Autonomous Flying Taxi Project Is Probably Nil
August 2016
"Airbus Reveals Ambitious Plan for Autonomous Flying Taxis"
Your move, Uber....