Autonomous Bike Market to Garner $35.71 Billion by 2035: Allied Market Research

·5 min read

Rise in demand from customers for technologically advanced motorbikes and advancements in rider safety have boosted the growth of the global autonomous bike market. Asia-Pacific is expected to register the highest CAGR of 37.0% during the forecast period. Owing to Covid-19 pandemic, several employees started working from home, which hindered the demand for autonomous vehicles including bikes and cars. Prominent Players: BMW Group, Flo Mobility Private Limited, Go X Apollo, Honda Motor Co., Ltd., IAV, Kawasaki Heavy Industries, Ltd., Refraction AI, Spin, Tortoise, and Yamaha Motor Co., Ltd.

Portland, OR, June 23, 2021 (GLOBE NEWSWIRE) -- As per the report published by Allied Market Research, the global autonomous bike market would reach $3.26 billion by 2027, and would generate $35.71 billion by 2035, growing at a CAGR of 34.9% from 2028 to 2035.

Increase in demand from customers for technologically advanced motorbikes and improvement in rider safety drive the growth of the global autonomous bike market. However, inaccuracy and calibration issues in autonomous vehicles and design issues and high costs of operating autonomous bikes hamper the market growth. On the contrary, rise in installation of smart technologies in motorbikes and increase in initiatives regarding the design and development of innovative systems would open lucrative opportunities for the market players in the coming years.

Download Report (234 Pages PDF with Insights, Charts, Tables, Figures) at https://www.alliedmarketresearch.com/request-sample/11975

Covid-19 scenario:

  • Due to the Covid-19 pandemic, several employees started working from home, which hampered the demand for autonomous vehicles including bikes and cars.

  • Moreover, the prolonged lockdown hampered the manufacturing of autonomous bikes, disrupted the supply chain, and created a shortage of workforce.

The global autonomous bike market is classified on the basis of technology, level of autonomy, vehicle type, and region.

Request for Customization of this report at https://www.alliedmarketresearch.com/request-for-customization/11975

Based on technology, the gyroscope segment is expected to dominate the market in terms of revenue throughout the projected period. However, the intelligent speed assistance segment is expected to manifest the highest CAGR of 36.3% during the forecast period.

On the basis of level of autonomy, the fully autonomous segment is estimated to register the highest CAGR of 45.8% during the forecast period. However, the semi-autonomous segment would hold the lion’s share from 2027 to 2035.

Interested to Procure The Data? Inquire here at https://www.alliedmarketresearch.com/purchase-enquiry/11975

The global autonomous bike market is analyzed across several regions such as North America, Europe, Asia-Pacific, and LAMEA. The market across Asia-Pacific is projected to portray the highest CAGR of 37.0% during the forecast period. However, the market across North America would contribute the largest share from 2027 to 2035.

The global autonomous bike market includes an in-depth analysis of the prime market players such as Flo Mobility Private Limited, BMW Group, Honda Motor Co., Ltd., Go X Apollo, Refraction AI, IAV, Kawasaki Heavy Industries, Ltd., Spin, Tortoise, and Yamaha Motor Co., Ltd.

Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business at https://www.alliedmarketresearch.com/connect-to-analyst/11975


Similar Reports We Have on Autonomous Vehicles:

Autonomous Vehicle Market by Level of Automation (Level 3, Level 4, and Level 5) and Component (Hardware, Software, and Service) and Application (Civil, Robo Taxi, Self-driving Bus, Ride Share, Self-driving Truck, and Ride Hail) - Global Opportunity Analysis and Industry Forecast, 2019-2026.

Autonomous Train Technology Market by Grade of Automation (GOA 1, GOA 2, GOA 3, and GOA 4), Train Type (Passenger Train and Freight Train), Technology (CBTC, ETRMS, ATC, and PTC), and Component (Camera, Accelerometer, Odometer, Tachometer, Radio Set, and Others): Global Opportunity Analysis and Industry Forecast, 2019–2026.

Autonomous Aircraft Market by Component (Radars &Transponders, Propulsion Systems, Cameras, Sensors, Actuation System, Air Data Inertial Reference Units, Flight Management Computers, Software and Others), Technology (Fully Autonomous and Increasingly Autonomous), End Use (Passenger Air Vehicle, Personal Air Vehicle, Combat & Intelligence, Surveillance, and Reconnaissance (ISR), Air Medical Services, Cargo & Delivery Aircraft and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.

Semi-Autonomous & Autonomous Bus Market by Type (Diesel, Electric and Hybrid), Automation (Level 1, Level 2 & Level 3, Level 4 and Level 5), Application (Shuttle and Intercity/Intracity) and Sensor (Ultrasonic, Camera, LiDAR and Radar): Global Opportunity Analysis and Industry Forecast, 2020–2027.

Semi-Autonomous & Autonomous Truck Market by Feature (Adaptive Cruise Control, Automatic Emergency Braking, Blind Spot Detection, Intelligent Park Assist and Lane Assist), Automation Level (Level 0, Level 1, Level 2, Level 3 and Level 4/5), Component (Embedded System, Camera, Radar, LiDAR and Other), Application (Logistic, Mining and Construction) and Fuel Type (Diesel, Petrol, Gasoline, Compressed Natural Gas (CNG) and Electric & Hybrid): Global Opportunity Analysis and Industry Forecast, 2021–2027.

Autonomous Ships Market by Level of Autonomy (Semi-autonomous and Fully-autonomous), Ship Type (Commercial, Passenger, and Defense), and Fuel Type (Carbon Neutral Fuels, LNG, Electric, and Heavy Fuel Oil/Marine Engine Fuel): Global Opportunity Analysis and Industry Forecast, 2020–2030.

Autonomous Forklift Market by Component (Hardware, Software, and Services), by Sales Channel (In-House Purchase and Leasing), by Level of Autonomy (Level One, Level Two, Level Three, Level Four, and Level Four), by Tonnage (Below 5 Tons, 5-10 Tons, and Above 10 Tons), and by Application (Manufacturing, Warehousing, Freight & Logistics, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.


About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com

Web: www.alliedmarketresearch.com

Allied Market Research Blog: https://blog.alliedmarketresearch.com

Follow Us on | Facebook | Twitter | LinkedIn |


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting