Market players and researchers across the globe are finding ways in which new technologies such as superior
sensors and AI can revolutionize the motorbikes. Autonomous bikes are the self-balancing vehicles, powered
by cutting-edge technologies, which assist the bike to navigate its journey by taking appropriate actions
according to the parameters detected by the sensors. The shift in the direction of making motor bikes and
scooters smarter is analogous to the way advanced driver assistance systems (ADAS) have advanced in cars over
the passage of time.
The researchers at Massachusetts Institute of Technology (MIT) have been examining a self-sufficient tricycle
called Persuasive Electric Vehicle (PEV) made for the carriage of goods and individuals. While other options for
the same requirements exist, the autonomous bikes are expected to be more preferable owing to its advantages
such as their compact size, movability, and speed, all of which are immensely helpful in congested environments.
The airline digitalization market is a growth market estimated to earn more than $35.42 billion revenue by 2030.
It is a fragmented market in which the top 15 companies make up 26.5% of the market. This share amount is not expected to change during the forecast period (2021–2030).