TOKYO -- Japanese automotive parts supplier Denso will join forces with Honeywell International to jointly develop electric and hybrid propulsion systems for flying passenger vehicles under plans announced Monday.
The powertrains will use traction motors and inverters found in hybrid and fully electric autos. Denso, a Toyota Motor group company, holds a large global share in these components for hybrids.
American aerospace manufacturer Honeywell will contribute technology such as actuators -- the devices that help move rotors, flaps, doors and landing gears -- to help make flying cars a reality.
Urban air mobility offers new possibilities for addressing traffic congestion, and many companies have announced plans to enter the field.
Because electric propulsion systems will make the vehicles more environmentally friendly and affordable, the partners say the technology will be key to the development of the field.
The market for transporting people this way will reach 9 trillion yen ($83 billion) in 2030, with 650 billion yen in Japan alone, Tokyo-based Deloitte Tohmatsu Consulting forecasts. A report by Morgan Stanley says the vehicles could be commonplace by 2040.