Market Overview:
The global hovering technology market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for levitating trains, levitating displays, and other applications such as hoverboards and hyperloops. Additionally, the growing awareness about the benefits of using hovering technology is also contributing to the market growth. However, factors such as high installation cost and safety concerns may restrain the market growth in some regions. The global hovering technology market can be segmented on the basis of type into electromagnetic suspension and electrodynamics suspension. Electromagnetic suspension dominated the global Hovering Technology Market in 2017 owing to its advantages such as low power consumption and easy installation process.
Product Definition:
Hovering technology is a term used to describe the use of an object or device that hovers in the air. The object or device uses a combination of energy sources, such as electric and magnetic fields, to stay in the air. The importance of hovering technology is that it allows for objects or devices to move without using traditional methods such as wheels or propellers. This can be beneficial in many ways, including reducing noise pollution and allowing for more efficient movement through tight spaces.
Electromagnetic Suspension:
Electromagnetic suspension is a technology that uses electromagnetic fields for levitation and movement of vehicles. In this system, the vehicle is suspended by magnetic fields generated by electric motors. The working principle behind this technology is based on the conservation of momentum and energy respectively.
Electrodynamics Suspension:
Electrodynamics suspension is a technology that uses electromagnetic attraction and repulsion for the levitation of vehicles. This suspension system was initially developed by Dr. Heinz RüSchaert of Switzerland in the year 2000, for his research project on “Bionic leaf” which is still used today as a base technology to create efficient systems worldwide.
Application Insights:
The levitating trains segment dominated the global hovering technology market in terms of revenue share in 2017. The rising demand for high-speed rail is expected to drive the product demand over the forecast period. In addition, technological advancements and innovations are further expected to propel industry growth over the coming years.
The Levitating Home Decorations application segment is projected to witness significant growth during the forecast period owing to its rising adoption by consumers around the globe as a cost-effective alternative compared with conventional LED or fluorescent lightings. Moreover, increasing consumer disposable income levels coupled with easy access to smart devices has led many consumers towards adopting home decor trends such as minimalistic and modern along with artificial intelligence (AI). This trend is likely to expand opportunities for levitated lighting systems across various applications within homes and commercial spaces during future expansion projects of cities worldwide, which will further boost industry expansion over next few years.
Other applications include transportation vehicles such as hoverboards.
Regional Analysis:
North America is expected to be the key regional market over the forecast period owing to technological advancements and increasing adoption of advanced hovering technology. The U.S. is one of the major countries that are adopting these levitating trains, which will propel growth in this region.
Asia Pacific is projected to be one of the fastest-growing regions due to rising demand from developing countries such as China.
Growth Factors:
- Increasing demand for Hovering Technology in the defense sector as it offers stealth capabilities and helps in reducing collateral damage.
- Growing demand for Hovering Technology from the commercial sector for tasks such as aerial surveying, mapping, and infrastructure inspection.
- Development of advanced hovering technology that can be used in difficult terrains such as mountains and forests.
- Increased use of drones by law enforcement agencies for surveillance and search-and-rescue operations.
Scope Of The Report
Report Attributes
Report Details
Report Title
Hovering Technology Market Research Report
By Type
Electromagnetic Suspension, Electrodynamics Suspension
By Application
Levitating Trains, Levitating Displays, Levitating Home Decors, Hoverboards, Hyperloops, Other
By Companies
Central Japan Railway Company, CREALEV, Hendo Hover, Hovering Solutions, Hyperloop One, Lexus Hoverboard, Omni Hoverboards, SpaceX, SwissRapide, TransPod Inc., U.S.-Japan Maglev, LLC, ZAPATA
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Hovering Technology Market Report Segments:
The global Hovering Technology market is segmented on the basis of:
Types
Electromagnetic Suspension, Electrodynamics Suspension
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Levitating Trains, Levitating Displays, Levitating Home Decors, Hoverboards, Hyperloops, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Central Japan Railway Company
- CREALEV
- Hendo Hover
- Hovering Solutions
- Hyperloop One
- Lexus Hoverboard
- Omni Hoverboards
- SpaceX
- SwissRapide
- TransPod Inc.
- U.S.-Japan Maglev, LLC
- ZAPATA
Highlights of The Hovering Technology Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Electromagnetic Suspension
- Electrodynamics Suspension
- By Application:
- Levitating Trains
- Levitating Displays
- Levitating Home Decors
- Hoverboards
- Hyperloops
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Hovering Technology Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Hovering technology is a type of aircraft technology that uses an aerial vehicle to remain in the air by using its lift to hover.
Some of the major players in the hovering technology market are Central Japan Railway Company, CREALEV, Hendo Hover, Hovering Solutions, Hyperloop One, Lexus Hoverboard, Omni Hoverboards, SpaceX, SwissRapide, TransPod Inc., U.S.-Japan Maglev, LLC, ZAPATA.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Hovering Technology Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Hovering Technology Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Hovering Technology Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Hovering Technology Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Hovering Technology Market Size & Forecast, 2018-2028
4.5.1 Hovering Technology Market Size and Y-o-Y Growth
4.5.2 Hovering Technology Market Absolute $ Opportunity
Chapter 5 Global Hovering Technology Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Hovering Technology Market Size Forecast by Type
5.2.1 Electromagnetic Suspension
5.2.2 Electrodynamics Suspension
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Hovering Technology Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Hovering Technology Market Size Forecast by Applications
6.2.1 Levitating Trains
6.2.2 Levitating Displays
6.2.3 Levitating Home Decors
6.2.4 Hoverboards
6.2.5 Hyperloops
6.2.6 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Hovering Technology Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Hovering Technology Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Hovering Technology Analysis and Forecast
9.1 Introduction
9.2 North America Hovering Technology Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Hovering Technology Market Size Forecast by Type
9.6.1 Electromagnetic Suspension
9.6.2 Electrodynamics Suspension
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Hovering Technology Market Size Forecast by Applications
9.10.1 Levitating Trains
9.10.2 Levitating Displays
9.10.3 Levitating Home Decors
9.10.4 Hoverboards
9.10.5 Hyperloops
9.10.6 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Hovering Technology Analysis and Forecast
10.1 Introduction
10.2 Europe Hovering Technology Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Hovering Technology Market Size Forecast by Type
10.6.1 Electromagnetic Suspension
10.6.2 Electrodynamics Suspension
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Hovering Technology Market Size Forecast by Applications
10.10.1 Levitating Trains
10.10.2 Levitating Displays
10.10.3 Levitating Home Decors
10.10.4 Hoverboards
10.10.5 Hyperloops
10.10.6 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Hovering Technology Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Hovering Technology Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Hovering Technology Market Size Forecast by Type
11.6.1 Electromagnetic Suspension
11.6.2 Electrodynamics Suspension
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Hovering Technology Market Size Forecast by Applications
11.10.1 Levitating Trains
11.10.2 Levitating Displays
11.10.3 Levitating Home Decors
11.10.4 Hoverboards
11.10.5 Hyperloops
11.10.6 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Hovering Technology Analysis and Forecast
12.1 Introduction
12.2 Latin America Hovering Technology Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Hovering Technology Market Size Forecast by Type
12.6.1 Electromagnetic Suspension
12.6.2 Electrodynamics Suspension
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Hovering Technology Market Size Forecast by Applications
12.10.1 Levitating Trains
12.10.2 Levitating Displays
12.10.3 Levitating Home Decors
12.10.4 Hoverboards
12.10.5 Hyperloops
12.10.6 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Hovering Technology Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Hovering Technology Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Hovering Technology Market Size Forecast by Type
13.6.1 Electromagnetic Suspension
13.6.2 Electrodynamics Suspension
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Hovering Technology Market Size Forecast by Applications
13.10.1 Levitating Trains
13.10.2 Levitating Displays
13.10.3 Levitating Home Decors
13.10.4 Hoverboards
13.10.5 Hyperloops
13.10.6 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Hovering Technology Market: Competitive Dashboard
14.2 Global Hovering Technology Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Central Japan Railway Company
14.3.2 CREALEV
14.3.3 Hendo Hover
14.3.4 Hovering Solutions
14.3.5 Hyperloop One
14.3.6 Lexus Hoverboard
14.3.7 Omni Hoverboards
14.3.8 SpaceX
14.3.9 SwissRapide
14.3.10 TransPod Inc.
14.3.11 U.S.-Japan Maglev, LLC
14.3.12 ZAPATA
