Biking is a popular holiday sport in many European and North American countries and biking is used for everyday commuting in many Asian and African countries. The fast-changing technological environment among the consumer markets has resulted in the launch of plenty of innovations. Smart bike is also one among the innovations which initially was popularly adopted in the western world. The evolution of smart bike had taken place in 2005, with the emergence of vehicle-to-vehicle communication, increasing smartphone penetration, and harnessing internet speeds. However, the adoption of smart bike is driven by the demand for technology driven experience from consumers; the increasing income levels is also a driving factor for the increasing adoption of smart bikes.
Smart bikes have become popular after 2012 owing to the push from local governments mainly to curb pollution. Also, the smart bikes are popularly used to enable multi-modal transportation to commuters as it is considered a cost-effective transit solution for smart cities compared to electric vehicles.
Smart bike is more like a normal bike which has received an installation of smart devices on it. The smart devices are namely sensors, puncture less tyres, smart lock, electric display, speed indicators, and battery, among others. In the recent years, smart electric bikes have evolved, which supports charging mobile phone while riding, smart backpacks, GPS navigator, theft alarm, and automatic headlights among others. These smart bikes are enabling a variety of next generation healthcare services to the customers. A few smart bike component manufacturers have come up with body temperature sensors, and lactate threshold sensors which identifies the real-time condition of a biker. Such technologies are expected to push the demand for innovative products for smart bikes. Considering a wide range of benefits of smart bikes, the market for smart bikes is likely to grow across all the smart cities in the globe.