FLYING BIKES MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In October 2022, A.L.I. Technologies, Inc., a Japan-based startup founded by the University of Tokyo student entrepreneurs in 2016 and known for its innovative work in drone technology and urban air mobility, launched its XTURISMO hoverbike. This product, priced at approximately US$ 680,000, is significantly more expensive than many premium cars on the market today. For comparison, Lazareth Auto Moto's flying bike was launched at US$ 560,000 per unit, with plans to produce five more units shortly. The XTURISMO, with its advanced features and hybrid-electric VTOL design, represents a significant step towards realizing the vision of urban air mobility.
• In September 2022, AERWINS Technologies, a Japan-based startup founded by a group of students from the University of Tokyo in 2016, introduced the nation's first hoverbike, the XTURISMO Hoverbike, marking a significant step towards the future of mobility. The XTURISMO, inspired by the flying vehicles from Star Wars, is a hybrid-powered, one-passenger hoverbike designed to revolutionize air mobility with its unique features and capabilities.