Flying cars are probably our future of transportation, and Hyundai is keen to grab a piece of this market. Hyundai Motor Group has just launched a new Urban Air Mobility Division that is concerned with the development of commercial flying car technology. The company’s interest in this field isn’t surprising given that the urban air mobility sector is expected to grow into a $1.5 trillion USD market in the next 20 years.
Hyundai’s air mobility division will be headed by Dr. Jaiwon Shin, an experienced aeronautics engineer who used to lead NASA’s Aeronautics Research Mission Directorate. He has overseen projects that include a supersonic X-plane, UAS traffic management, and Urban Air Mobility. Under Dr. Shin’s leadership, Hyundai wants to establish itself ‘as a driving force in urban air mobility’.
The Urban Air Mobility division will be involved in coming up with innovative and smart solutions to ever-increasing traffic problems across the globe. Flying cars could be one of these solutions.
Flying cars has been a concept that has long piqued the interest of companies such as Uber and Volocopter. With Hyundai jumping into this emerging industry, it remains to be seen whether we’ll be able to see a commercial flying taxi or car anytime in the next 10 years.
What do you think?