Global Autonomous Motorcycle Market Size to Insights Forecasts to 2033

• The Global Autonomous Motorcycle Market Size was Valued at USD 2.32 Billion in 2023
• The Market Size is Growing at a CAGR of 30.67% From 2023 to 2033
• The Worldwide Autonomous Motorcycle Market Size is Expected to Reach USD 33.67 Billion by 2033
• Asia Pacific is Expected to Grow the Fastest during the Forecast period

The Global Autonomous Motorcycle Market Size is Anticipated to Exceed USD 33.67 Billion by 2033, Growing at a CAGR of 30.67% From 2023 to 2033.

Market Overview

An autonomous motorcycle is able to function and perform necessary operations without human intervention by employing its ability to sense its surroundings. While self-driving automobiles are likely to be deployed shortly, many firms such as Yamaha, BMW, Go X Apollo, Honda, Kawasaki, and Ford are developing autonomous motorcycle. Few universities and institutes are involved in making autonomous motorcycles across the world. An autonomous motorcycle, like other self-driving cars, might use innovative sensor technology, artificial intelligence (AI), and wireless communication to balance the vehicle without any involvement of a driver. Because, of the use of gyroscopes and accelerators or flexible rake angle of front tire and a motor for the handler to balance itself. For instance, in a global introduction at CES in Jan 2017, Honda unveiled its riding assist technology, which leverages Honda’s robotics technology to create a self-balancing motorcycle that greatly decreases the chance of fall over while motorcycle is at rest. Four-wheeler manufacturers' ACES technologies are making motorcycles smarter, safer, and sexier, creating a new generation of motorcycle that enhance performance, comfort, and safety, transforming driving experiences. Although motorcycles do not yet balance and drive themselves, they are on verge of becoming easier to ride for both beginners and experienced riders. Simultaneously, consumers are attracted to prospect of quicker and more predictable travel experiences. Furthermore, autonomous motorcycles are predicted to provide excellent levels of road safety, and ongoing technological advancements will improve their usability over time.

Report Coverage

This research report categorizes the market for the global autonomous motorcycle market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global autonomous motorcycle market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global autonomous motorcycle market.

Driving Factors

Factors such as increased customer demand for technologically superior motorcycle and improved rider safety are predicted to significantly contribute to growth of the global autonomous motorcycle market throughout forecast period. Rising efforts of global players to make, innovate autonomous motorcycles are expected to boost the development of motorcycle market. On the other hand, increasing innovation of design and development of autonomous motorcycles having innovative systems and installing smart technologies are expected to growth of the market. Customers' increasing demand for technologically advanced motorcycles, as well as improvements in rider safety, are driving the global autonomous motorcycle market. Additionally, increased R&D activities by colleges and institutions throughout the world, together with increased investments by global motorcycle manufacturers, are likely to drive global market growth during forecast period. Also, capability appeals to businesses by promising cost-efficient transportation solutions, offering reduced idle time and lower operational expenses. Simultaneously, consumers are attracted to the prospect of quicker and more predictable travel experiences. Hence, these factors are significant growth of the global autonomous motorcycle market during the forecast period.

Restraining Factors

Concerns regarding inaccuracy and calibration, as well as design flaws with self-driving automobiles, and high expenses associated with operating autonomous motorcycles, hence these factors are expected to hamper the global autonomous motorcycle market expansion.

Market Segmentation

The global autonomous motorcycle market share is classified into technology, level of autonomy, and vehicle type.

• The gyroscope segment is expected to hold the largest share of the global autonomous motorcycle market during the forecast period.

Based on the technology, the global autonomous motorcycle market is divided into gyroscope, GPS, camera, RADAR, intelligent speed assistance, and others. Among these, the gyroscope segment is expected to hold the largest share of the global autonomous motorcycle market during the forecast period. The segmental growth can be attributed to the help of the motorcycle balance in the upright position. Autonomous motorcycle that greatly reduces the possibility of falling over while the motorcycle is at rest due to the gyroscope. In the autonomous motorcycle, gyroscopes are involved in a smoother and more comfortable riding experience for users.

• The fully autonomous segment is expected to hold the largest share of the global autonomous motorcycle market during the forecast period.   

Based on the level of autonomy, the global autonomous motorcycle market is divided into semi-autonomous and fully autonomous. Among these, the fully autonomous segment is expected to hold the largest share of the global autonomous motorcycle market during the forecast period. The growth can be attributed to the manufacturing of autonomous motorcycles which ensure improving the safety of riders. Modern technologies like LiDAR and accurate geographical data are being used to fit motorcycles and scooters with AI systems that adapt to road conditions, making them safer and more efficient, contributing to the growth of the global market and enhancing rider safety.

• The motorcycle segment is expected to hold the largest share of the global autonomous motorcycle market during the forecast period.

Based on the vehicle type, the global autonomous motorcycle market is divided into motorcycle, kick scooter, and E-bicycle. Among these, the motorcycle is expected to hold the largest share of the global autonomous motorcycle market during the forecast period. The growth can be attributed to the adaptability that enables self-driving motorcycles appropriate for a wide range of destinations, from city streets to rural areas. Motorcycles having advanced technology installed such as sensors, artificial intelligence, and GPS to make the autonomous motorcycle market boost the segment during the forecast period.

Regional Segment Analysis of the Global Autonomous Motorcycle Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• Latin America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global autonomous motorcycle market over the predicted timeframe.

North America is anticipated to hold the largest share of the global autonomous motorcycle market over the predicted timeframe. North American consumers have shown increasing excitement about and openness to adopting autonomous vehicles, particularly in urban areas with significant traffic congestion. As people become more and more aware of the potential benefits, such as enhanced safety and convenience, demand for these vehicles rises. Consumers in North America are becoming interested in and open to adopting self-driving vehicles, particularly in densely populated urban areas.

Asia Pacific is expected to grow at the fastest pace in the global autonomous motorcycle market during the forecast period. Technological advances and innovation in the automotive sector. If the region possesses important companies or innovation hubs focused on autonomous vehicle technologies, the autonomous motorcycle market could expand.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global autonomous motorcycle market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of overall competition within the market.

List of Key Companies

• Tesla, Inc
• AB Volvo
• Bayerische Motoren Werke AG
• Ford Motor Company
• General Motors
• Hyundai Motor Group
• Mercedes-Benz AG
• KAWASAKI HEAVY INDUSTRIES, LTD.
• BMW GROUP
• YAMAHA MOTOR CO. LTD
• GO X APOLLO
• FLO MOBILITY PRIVATE LIMITED
• TORTOISE
• HONDA MOTOR CO.LTD.
• SPIN
• REFRACTION AI
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In October 2023, Yamaha turned to the future with electric and self-driving prototypes ready to make their debut at the Japan Mobility Show. The E-FV is a speedy electric 'fun' bike; the ELOVE is an autonomous, self-riding electric scooter; the TMW is a hybrid, off-road, leaning three-wheeler; and the MOTOROiD2, a 'robot bike' that is an update of Yamaha's initial 2017 MOTOROiD design.
• In July 2023, the first driving tests take place in the future mobility development center (FMDC) of the BMW group in Sokolov in 2022. The complete startup is planned for 2023. The FMDC offers the BMW Group’s development engineers the most varied use cases for testing partially and fully automated driving – from driving maneuvers in open spaces to journeys all imaginable circumstances can be recreated in an urban context, as well as on country roads and highway sections.
• In July 2022, Self-driving motorcycles slip a gear. “Motorcycles will never ride autonomously; it doesn’t make sense,” said Dr Markus Schramm, head, of BMW Motorrad. Motorcycles are inherently unstable vehicles with a shifting center of gravity.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global autonomous motorcycle market based on the below-mentioned segments: 

Global Autonomous Motorcycle Market, By Technology

• Gyroscope
• GPS
• Camera
• RADAR
• Intelligent Speed Assistance
• Others

Global Autonomous Motorcycle Market, By Level of Autonomy

• Semi-autonomous
• Fully-Autonomous

Global Autonomous Motorcycle Market, By Vehicle Type

• Motorcycle
• Kick Scooter
• E-bicycle

Global Autonomous Motorcycle Market, By Region

• North America
• US
• Canada
• Mexico
• Europe
• Germany
• Uk
• France
• Italy
• Spain
• Russia
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• South Korea
• Australia
• Rest of Asia Pacific
• South America
• Brazil
• Argentina
• Rest of South America
• Middle East & Africa
• UAE
• Saudi Arabia
• Qatar
• South Africa
• Rest of the Middle East & Africa