The Performance Aviation Manufacturing Group (PAM) plans to sell the Individual Lifting Vehicle (ILV) as a kit. As in... insert A to B and snap in place. The machine is said to have reached a maximum height of 20 feet and maximum airspeed of 25mph.
Don't count on it being sold at Walmart, as the kit is speculated to cost $50,000.
Check out this other DIY flying kit which is much cheaper at $10,000:
Implications - Consumers are looking for products that push the limits on what is possible. Items that feature an unconventional aesthetic appeal to shoppers who want to experience something new.
What's Driving This Trend
- DIY Flying Machines
- Opportunity for businesses to cater to consumers' desire for unique and unconventional flying experiences through the sale of DIY flying machine kits.
- Unconventional Aesthetics
- Businesses can capitalize on the trend of consumers seeking out products with unconventional aesthetics by designing DIY flying kits with distinct visual appeal
- Affordable Flying Options
- There is a market opportunity for businesses to tap into the demand for affordable flying options by offering DIY flying machine kits at a lower price point
Who This Affects Most
- Aviation
- Disruption opportunity in the aviation industry by offering DIY flying machine kits that provide consumers with an alternative and affordable means of flying
- Outdoor Recreation
- The outdoor recreation industry can capitalize on the trend of consumers seeking unique experiences by catering to the demand for DIY flying kits
- E-commerce
- Opportunity for e-commerce platforms to partner with manufacturers and retailers in order to sell and distribute DIY flying machine kits online
