Flying Bikes Market (Hoverbikes) | By 2028 Top Winning Strategies, COVID-19 Impacting Factors, Business Strategies

Flying Bikes, also referred as hoverbikes, are bikes that can fly. Flying bikes can hover by having at least two propulsive parts - one in front and one behind the driver. A well-designed hoverbike is expected to be able to vertically take off and land, move gently through constricted spaces and hover in place. Flying bikes can be extremely useful in conducting aerial surveys, search and rescue operations, monitoring of wildlife and parks, power-line inspection, and military and emergency applications. Such advantages offered by the flying bikes are anticipated to drive the growth of the global flying bikes (hoverbikes) market during the forecast timeline.

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COVID-19 scenario Analysis:

• COVID-19 has primarily affected the transportation sector, including the research and testing of new technologies.
• The supply chain disruption & slowdown caused by COVID-19 is expected to impact the continuous efforts regarding the development of flying bikes across the globe.

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Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

The advent of flying bikes is anticipated to offer faster travel between point A and point B. It will help avoid congestion on the roads and swiftly travel to places. On-going R&D to launch an economically practical product in the hoverbikes market by the key players is anticipated to drive the market growth of hoverbikes during the forecast period. However, the market is in the initial stages and several modifications and up-gradation of the machinery are required as of now. Moreover, the high cost of flying bikes is anticipated to hamper the market growth over the years. The entry of big automotive players such as BMW, is expected to boost the hoverbikes market growth in the upcoming years.
Battery powered flying bikes

The on-going development of flying or hoverbikes has led to the advent of electric flying bikes in the market. In July 2015, the tri copter vehicle called Flike made its first flight while staying afloat for around a minute. In 2018, Hoversurf launched its all-electric hoverbike Hoversurf S3. It can accommodate one rider and is equipped with four horizontally fixed electric propellers that can be controlled by a pair of joysticks. The highly efficient batteries offer good balancing to the flying bikes, which makes electric power the best choice for propulsion.

Demand from Police Administration

Flying bikes can be quite useful for the police in catching their targets. They are able to fly over congested highways and in restricted space, which helps the police in traveling fast and easily cross any hurdles. To benefit from the advantages of flying bikes, Dubai Police tested the hoverbike in 2018, and the manufacturer Hoversurf has begun the training for the officers to fly the Hoversurf S3 2019. The Dubai Police is interested in deploying hoverbikes for increasing the capability of police in controlling crimes. Such initiatives to employ flying bikes for police administration are anticipated to propel the growth of the global flying bikes market during the forecast period.

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Key benefits of the report:

• This study presents the analytical depiction of the global flying bikes market along with current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the flying bikes market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the Flying Bikes market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the flying bikes market research report:

• Which are the leading market players active in the flying bikes market?
• What are the current trends that will influence the market in the next few years?
• What are the driving factors, restraints, and opportunities of the market?
• What are the projections for the future that would help in taking further strategic steps?

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