The global flying bikes (Hoverbikes) market size was exhibited at USD 66.85 billion in 2022 and is projected to hit around USD 332.21 billion by 2032, growing at a CAGR of 17.39% during the forecast period 2023 to 2032.
Key Pointers:
Flying Bikes Market Report Scope
|
Report Coverage |
Details |
|
Market Size in 2023 |
USD 78.48 Billion |
|
Market Size by 2032 |
USD 332.21 Billion |
|
Growth Rate From 2023 to 2032 |
CAGR of 17.39% |
|
Base Year |
2022 |
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Forecast Period |
2023 to 2032 |
|
Segments Covered |
By Mode of Operation and By Application |
|
Market Analysis (Terms Used) |
Value (US$ Million/Billion) or (Volume/Units) |
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Regional Scope |
North America; Europe; Asia Pacific; Central and South America; the Middle East and Africa |
|
Key Companies Profiled |
A.L.I Technologies, Aerofex Corporation, BMF Motorrad, Duratec S.R.O, HOVER, Jetpack Aviation, Kalashnikov Concern JSC, Lazareth Auto-Moto, Malloy Aeronautics, Raytheon, Safran, Honeywell, Thales, Northrop Grumman and Others. |
A flying bike or a hoverbike is a vehicle that can fly and/or move on the road like a usual motorcycle and resembles a motorbike. A flying bike typically has least two propellers—one in front of and one behind the driver. The combination of various technologies, for instance, advanced manufacturing processes, autonomous systems, and ultra-efficient batteries lead to the development of advanced flying bike prototypes. The investments have increased in this hoverbikes market, which are expected to accelerate the advent of futuristic urban commute, freight & package transportation, and military and defense applications.
Policy makers are required to introduce regulations and rules to boost change in need for urban commute solutions. Furthermore, in the upcoming years, infrastructural development is expected to be quite critical along with product development.
Factors, such as change in urban mobility outlook and upcoming application areas for flying bikes are expected to drive the growth of the flying bikes market. However, safety issues with flying bikes and high cost of flying bikes restrains the market growth. Moreover, acquiring the untapped potential of Asia-Pacific market and strategic developments by major players are projected to offer lucrative growth opportunities for the market players.
In recent years, urban mobility, comprising mostly fuel-driven vehicles, is shifting toward digital high-end technologies, along with rise in the adoption of green mobility solutions to develop the next-generation sustainable and resilient transportation system. Moreover, the rapid trend toward urbanization demands for alternative transportation solutions to overcome modern urban transportation issues such as traffic congestions and increased air pollution, among others. This has led the companies that operate in the mobility sector to develop innovative solutions, for instance, flying bikes. Market players of flying bike solutions are focused on developing the electric or hybrid propelled transportation medium that can allow a safer flight. The flying bikes, which are being made across the globe for personal as well as commercial applications, are expected to offer a viable solution to avoid road traffic congestion. A number of prototypes that are expected to launch in the global hoverbikes market are Xturismo, Speeder, and Lazareth LMV 496. In the U.S., Japan, UK, among other nations, market players receive funds from several investors. A rise in demand for mobility alternatives that allow safer and faster movement is expected to drive the growth of the global flying bikes market during the forecast period.
Some of the prominent players in the Flying Bikes Market include:
Segments Covered in the Report
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2032. For this study, Nova one advisor, Inc. has segmented the global Flying Bikes market.
By Mode of Operation
By Application
By Region
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Flying Bikes Market
5.1. COVID-19 Landscape: Flying Bikes Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Flying Bikes Market, By Mode of Operation
8.1. Flying Bikes Market, by Mode of Operation, 2023-2032
8.1.1. Electric
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Hybrid
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Others
8.1.3.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Flying Bikes Market, By Application
9.1. Flying Bikes Market, by Application, 2023-2032
9.1.1. Transportation
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Emergency Services
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Police Administration
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Military and Defense purposes
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Flying Bikes Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.1.2. Market Revenue and Forecast, by Application (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.1.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.1.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.2.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.2.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.2.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.2.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.2.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.3.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.3.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.3.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.3.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.4.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.4.4.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.4.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.4.6.2. Market Revenue and Forecast, by Application (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.5.2. Market Revenue and Forecast, by Application (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.5.3.2. Market Revenue and Forecast, by Application (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Mode of Operation (2020-2032)
10.5.4.2. Market Revenue and Forecast, by Application (2020-2032)
Chapter 11. Company Profiles
11.1. A.L.I Technologies
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. Aerofex Corporation
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. BMF Motorrad
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Duratec S.R.O
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. Recent Initiatives
11.5. HOVER
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Jetpack Aviation
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Kalashnikov Concern JSC
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Lazareth Auto-Moto
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. Malloy Aeronautics
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
11.10. Raytheon
11.10.1. Company Overview
11.10.2. Product Offerings
11.10.3. Financial Performance
11.10.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers