Global Self-Stabilizing Vehicles Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2024

Industry : Automotive & Transportation Date : August 7th, 2018
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The global self-stabilizing vehicles market is expected to witness a CAGR of 6.7% from 2018 to 2024. Demand for better stability in autonomous and non-autonomous two wheelers is expected to propel the growth of this market over the forecast period. Moreover, Increasing demand for this technology due to growing incidences of road accidents is likely to give impetus to the market from 2018-2024.

The years used for the assessment are as follows;

  • Historical year  : 2014, 2015, and 2016
  • Base year      : 2017
  • Forecast period : 2018 – 2024

RESEARCH METHODOLOGY

The research and analysis is based on data and information obtained from various primary and secondary sources. The data obtained is validated by interacting with the companies of the concerned domain. The steps involved in the research methodology are;

  • Obtaining historical data of the market based on news, articles, publications, annual reports, white papers, and other secondary sources
  • Interacting with key opinion leaders of the market and developing data points based on interaction with them
  • Study of past trends in the market and their year on year Impact on the market size and share
  • Analyzing the collected data points
  • Bridging the data points to calculate the total self-stabilizing vehicles market and its various segments
  • Anticipating potential risks
  • Analyzing market forces such as drivers, restraints, and opportunities to assess new growth areas for the self-stabilizing vehicles market
  • Finalizing the overall size and share for the global self-stabilizing vehicles market

OBJECTIVES:

  • To classify the global self-stabilizing vehicles market into segments by form, application, and region and analyze their growth prospects individually.
  • To analyze market trends, opportunities, drivers and restraints associated with the self-stabilizing vehicles market.
  • Profiling key companies operating in the global self-stabilizing vehicles market.
  • To study market response with respect to the mergers and acquisitions in the industry.

MARKET SCOPE

The research scope for global self-stabilizing vehicles market is as follows:

By Technology

  • Control Moment Gyroscope (CMG)
  • Mass Balancing
  • Steering Control
  • Reaction Wheel

By Vehicle Type

  • Motorbike
  • Bicycle
  • Scooters

By Propulsion

  • Electric
  • Non-Electric 

By Body in White (BIW)

  • Fully-enclosed
  • Standard

Region                                                                                                                                                                                 

  • North America
  • Europe
  • Asia-Pacific (APAC)
  • Middle East and Africa (MEA)
  • Central and South America

Self-Stabilizing Vehicles Market expected to grow at a significant rate in Asia-Pacific 

Demand for better stability in autonomous and non-autonomous two wheelers is expected to propel the growth of the self-stabilizing vehicles market over the forecast period. Moreover, increasing demand for the self-stabilizing technology due to growing incidences of road accidents is likely to give impetus to the market during 2018-2024.

Two wheelers have stability issues and are prone to toppling as the lean angle of the vehicle increases. Self-stabilizing motorbikes incorporate advanced gyro-based technology to assist with balancing and therefore protect the vehicle from irreparable damage in case of accidents. Bicycles use a more basic flywheel or mass-balancing technology to stabilize the vehicle. However, increasing investments in R&D of self-stabilizing market may result in proprietary technologies during the forecast period.

Self-stabilizing technology is used for non-electric vehicles, however in recent years the technology is being launched for battery electric vehicles (BEVs) as well. New features, (for instance the follow feature) are also being added to make these vehicles captivating to the targeted demographic. Moreover, fully-enclosed segment with full enclosure of body in white (BIW) of motorbikes is gaining fast traction in the U.S. and China.

North America accounted for the largest share of the global market in 2017 and the trend is likely to continue over the forecast period. This can be attributed to an existing market for segways, and self-balancing bicycles in this region. Moreover, the launch of self-stabilizing motorbikes in this region is expected to further augment the growth of the market during 2018 to 2024. Asia-Pacific is expected to experience a significant CAGR over the forecast period, owing to huge automotive industry in the region.

Some of the key companies operating in the market include Honda Motor Co., Ltd.; Lit Motors; BMW AG; San Diego Tech Company Gyrobike; Segway; LittleBig Bikes; Strider Sports International, Inc.; Lingyun Intelligent Technology Co Ltd.; Toyota Motor Corporation; and Airwheel Technology Holding Co., Ltd., among others.

Global Self-Stabilizing Vehicles Market

TABLE OF CONTENTS

CHAPTER 1. Market Scope and Methodology

1.1. Market Definition

1.2. Market Segmentation

1.2.1. Market Breakdown, By Technology

1.2.2. Market Breakdown, By Vehicle Type

1.2.3. Market Breakdown, By Propulsion

1.2.4. Market Breakdown, By Body In White (BIW)

1.2.5. Market Breakdown, By Region

1.3. Research Methodology

1.3.1. Initial Data Search

1.3.2. Secondary Research

1.3.3. Primary Research

1.3.4. Scope and Assumptions

1.4. Executive Summary

CHAPTER 2. Market Outlook

2.1. Introduction

2.2. Market Outlook

2.2.1. Market Share

2.2.2. Opportunities and Trends

   2.2.2.1. Adoption of self-stabilizing technology in electric vehicles

   2.2.2.2. Increasing investments for R&D on solar powered self-balancing vehicles and self-stabilizing bikes

2.2.3. Growth Drivers

   2.2.3.1. Demand for better stability in autonomous and non-autonomous two wheelers

   2.2.3.2. Increasing demand for self stabilizing technology due to growing incidences of road accidents

2.2.4. Impact Analysis of Drivers on Future Forecast of the Market

2.2.5. Restraints of the Market

            2.2.5.1. High cost of incorporating self-stabilizing technology

2.2.6. Impact Analysis of Restraints on Future Forecast of the Market

CHAPTER 3. Market Entry Strategy

3.1. PESTLE Analysis

3.2. Value Chain Analysis

3.3. Competitive Analysis

3.3.1. Company Market Share Analysis

3.3.2. Porter’s Five Forces Analysis

CHAPTER 4. Global Self-Stabilizing Vehicle Market Size and Forecast (2018 – 2024)

4.1. Global Self-Stabilizing Vehicle Market, By Technology

4.1.1. Control Moment Gyroscope (CMG)

4.1.2. Mass Balancing

4.1.3. Steering Control

4.1.4. Reaction Wheel

4.2. Global Self-Stabilizing Vehicle Market, By Vehicle Type

4.2.1. Motorbike

4.2.2. Bicycle

4.2.3. Scooter

4.3. Global Self-Stabilizing Vehicle Market, By Propulsion

4.3.1. Electric

4.3.2. Non-Electric

4.4. Global Self-Stabilizing Vehicle Market, By Body In White (BIW)

4.4.1. Fully-Enclosed

4.4.2. Standard

CHAPTER 5. Global Self-Stabilizing Vehicle Market, By Region

5.1. North America Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

5.1.1. North America Self-Stabilizing Vehicle Market, By Technology (USD Million/ Thousand Units)

5.1.2. North America Self-Stabilizing Vehicle Market, By Vehicle Type (USD Million/ Thousand Units)

5.1.3. North America Self-Stabilizing Vehicle Market, By Propulsion (USD Million/ Thousand Units)

5.1.4. North America Self-Stabilizing Vehicle Market, By Body In White (USD Million/ Thousand Units)

5.1.5. North America Self-Stabilizing Vehicle Market, By Country

  5.1.5.1. U.S. Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

  5.1.5.2. Rest of North America Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

5.2. Europe Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

5.2.1. Europe Self-Stabilizing Vehicle Market, By Technology (USD Million/ Thousand Units)

5.2.2. Europe Self-Stabilizing Vehicle Market, By Vehicle Type (USD Million/ Thousand Units)

5.2.3. Europe Self-Stabilizing Vehicle Market, By Propulsion (USD Million/ Thousand Units)

5.2.4. Europe Self-Stabilizing Vehicle Market, By Body In White (USD Million/ Thousand Units)

5.2.5. Europe Self-Stabilizing Vehicle Market, By Country

  5.2.5.1. U.K Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

  5.2.5.2. Germany Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

  5.2.5.3. France Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

  5.2.5.4. Rest of Europe Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

5.3. Asia-Pacific Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

5.3.1. Asia-Pacific Self-Stabilizing Vehicle Market, By Technology (USD Million/ Thousand Units)

5.3.2. Asia-Pacific Self-Stabilizing Vehicle Market, By Vehicle Type (USD Million/ Thousand Units)

5.3.3. Asia-Pacific Self-Stabilizing Vehicle Market, By Propulsion (USD Million/ Thousand Units)

5.3.4. Asia-Pacific Self-Stabilizing Vehicle Market, By Body In White (USD Million/ Thousand Units)

5.3.5. Asia-Pacific Self-Stabilizing Vehicle Market, By Country

5.3.5.1. China Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

5.3.5.2. Japan Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

5.3.5.3. India Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

5.3.5.4. Australia Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

5.3.5.5. Rest of Asia-Pacific Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

5.4. Rest of the World (ROW) Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

5.4.1. Rest of the World (ROW) Self-Stabilizing Vehicle Market, By Technology (USD Million/ Thousand Units)

5.4.2. Rest of the World (ROW) Self-Stabilizing Vehicle Market, By Vehicle Type (USD Million/ Thousand Units)

5.4.3. Rest of the World (ROW) Self-Stabilizing Vehicle Market, By Propulsion (USD Million/ Thousand Units)

5.4.4. Rest of the World (ROW) Self-Stabilizing Vehicle Market, By Body In White (USD Million/ Thousand Units)

5.4.5. Rest of the World (ROW) Self-Stabilizing Vehicle Market, By Country

  5.4.5.1. South Africa Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

  5.4.5.2. Rest of ROW Self-Stabilizing Vehicle Market (USD Million/ Thousand Units)

CHAPTER 6. Key Players and Strategic Developments

6.1. Honda Motor Co., Ltd.

6.1.1. Business Overview

6.1.2. Product and Service Offering

6.1.3. Financial Overview

6.1.4. Strategic Developments

6.2. Lit Motors

6.2.1. Business Overview

6.2.2. Product and Service Offering

6.2.3. Financial Overview

6.2.4. Strategic Developments

6.3. BMW AG

6.3.1. Business Overview

6.3.2. Product and Service Offering

6.3.3. Financial Overview

6.3.4. Strategic Developments

6.4. San Diego Tech Company Gyrobike

6.4.1. Business Overview

6.4.2. Product and Service Offering

6.4.3. Financial Overview

6.4.4. Strategic Developments

6.5. Segway

6.5.1. Business Overview

6.5.2. Product and Service Offering

6.5.3. Financial Overview

6.5.4. Strategic Developments

6.6. LittleBig Bikes

6.6.1. Business Overview

6.6.2. Product and Service Offering

6.6.3. Financial Overview

6.6.4. Strategic Developments

6.7. Strider Sports International, Inc.

6.7.1. Business Overview

6.7.2. Product and Service Offering

6.7.3. Financial Overview

6.7.4. Strategic Developments

6.8. Lingyun Intelligent Technology Co Ltd.

6.8.1. Business Overview

6.8.2. Product and Service Offering

6.8.3. Financial Overview

6.8.4. Strategic Developments

6.9. Toyota Motor Corporation

6.9.1. Business Overview

6.9.2. Product and Service Offering

6.9.3. Financial Overview

6.9.4. Strategic Developments

6.10. Airwheel Technology Holding Co., Ltd.

6.10.1. Business Overview

6.10.2. Product and Service Offering

6.10.3. Financial Overview

6.10.4. Strategic Developments

Global Self-Stabilizing Vehicles Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation and Forecast 2024