According to a recent report published by Allied Market Research, titled, “Flying Bikes Market by Application and Mode of Operation: Global Opportunity Analysis and Industry Forecast, 2021–2030,”

Download Sample PDF at: https://www.alliedmarketresearch.com/request-sample/9460

By application, the hoverbikes market is categorized into emergency services, transportation, police administration, military defense purposes, and others. The emergency services segment accounted for the highest revenue in 2020, owing to high demand for advanced aerial platforms that are fast, safe, and can be operated at constricted spaces.

By mode of operation, the flying bikes market is divided into electric, hybrid, and others. The electric segment accounted for the highest revenue in 2020, owing to increase in demand for lighter, safer, and carbon-neutral next-generation aerial mobility solutions.

Change in urban mobility outlook and upcoming application areas for flying bikes are expected to drive the flying bikes market during the forecast period. Safety issues with flying bikes and high cost of flying bikes are anticipated to hamper the growth of the market. Moreover, acquiring the untapped potential of Asia-Pacific market and strategic developments by major players are expected to offer lucrative opportunities for the market in future.