Autonomous Bike Market Set to Soar to $35.71 Billion by 2030 - Revolutionizing Two-Wheel Mobility

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.

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.

Download Report at - https://www.alliedmarketresearch.com/request-sample/11975

Autonomous bike is a self-propelled bike, which does not require any human involvement for its propulsion. Autonomous bike is a futuristic technology, which is expected to be launched in the near future.

Self-driving and enhanced safety feature in comparison to the current motorcycles size and new application areas for autonomous bike are expected to drive the growth of the autonomous bike market during the forecast period. Increase in R&D activities undertaken by colleges and universities globally accompanied by rise in investments by global bike manufacturers are expected to propel the growth of the global market during the forecast timeframe.

With the introduction of autonomous cars, the need for autonomous bike have increased due to the fact that they can be used in bike sharing or ride hailing without the involvement of any driver. In addition, several researches are being carried out by universities such as Massachusetts Institute of Technology (MIT), which are adding autonomous driving features in electric bicycles, thereby making them able to reach the owner autonomously as per the instructions provided to the autonomous system.

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.

Factors such as rise in demand from customers for technologically advanced motor bikes and improvement in rider's safety are expected to drive the market growth. However, concerns related to inaccuracy & calibration issues in autonomous vehicles as well as design issues and high costs associated with the operation of autonomous bikes are anticipated to hamper the growth of the market. On the contrary, increase in initiatives regarding the design & development of innovative systems and rise in installation of smart technologies in motorbikes are expected to offer potential growth opportunities to the global autonomous bike market in the near future.

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

Key Findings Of The Study

By technology, the intelligent speed assistance segment is expected to register a significant growth during the forecast period.
Depending on level of autonomy, the fully autonomous segment is anticipated to exhibit significant growth in the near future.
On the basis of vehicle type, the motorcycle segment is projected to lead the global autonomous bike market.
Asia-Pacific is anticipated to register the highest CAGR during the forecast period.

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
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 | LinkedIn | YouTube

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.

This release was published on openPR.