The Flying Bikes Market Expected To Reach $ 306.1 Million In 2030:
Portland, OR, January 11, 2022 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the flying bikes market generated $ 52.2 million in 2021 and is expected to reach $ 306.1 million in 2030, with a CAGR of 21.7% from 2021 to 2030. The report offers a detailed analysis of changing market trends, major segments, key investment pockets, value chain, regional landscape, and competitive scenario.
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Coverage and Details of Hoverbikes Market Report:
|Cover of the report||Details|
|Year of reference||2020|
|Market size in 2020||$ 52.2 million|
|Market size in 2030||$ 306.1 million|
|Number of pages in report||180|
|Covered segments||Application, mode of operation and region|
|Conductors||Evolution of urban mobility prospects|
|Future areas of application for flying bicycles|
|Opportunities||Untapped potential in emerging countries|
- The implementation of strict lockdown measures around the world has resulted in a drastic disruption of the supply chain and presented various challenges such as production delay, shortage of raw materials, reduced investments, etc.
- Manufacturers and developers of innovative flying bicycle technologies had to reduce expansion and R&D activities to cope with declining revenues and operating performance. The challenges in developing and launching flying bikes for police administration, military and commercial applications are expected to diminish in a few years.
The report offers detailed segmentation of the global flying bikes market on the basis of application, mode of operation, and region.
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Based on the applications, the emergency services segment accounted for the highest share in 2020, accounting for around a third of the total share, and is expected to maintain its leading position during the forecast period. Additionally, this segment is expected to register the fastest CAGR of 24.2% from 2021 to 2030. The hoverbike market The report also analyzes the segments, including transportation, police administration, military and defense objectives, etc.
Based on the mode of operation, the electric segment dominated the market in 2020, contributing more than two-thirds of the flying bicycle market, and is expected to maintain its leading status throughout the forecast period. Additionally, this segment is estimated to exhibit the highest CAGR of 23.3% during the forecast period. The research also analyzes segments including hybrids and others.
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Based on region, North America accounted for the largest share in 2020, holding nearly two-fifths of the total share, and is expected to maintain its dominance in terms of income by 2030. Additionally, it is estimated that this region represents the fastest CAGR of 24.1% during the forecast period. The research also analyzes regions such as Asia-Pacific, Europe and LAMEA.
List of profiled companies:
- ALI Technologies
- Bay Zoltan Applied Research Non-Profit Ltd.
- Aerofex Company
- Lazareth Auto-Moto
- Duratec SRO
- Bmw motorrad
- Kalashnikov Concern JSC
- Jetpack Aviation
- Malloy Aerospace
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