Connected Motorcycle Market: Industry Analysis and Forecast 2021-2027: By Product, Communication Type, End-user and Region

The Connected Motorcycle Market is anticipated to reach US$ 616.58 Bn by 2027 from US$ 57.73 Bn in 2021 at a CAGR of 48.4% during a forecast period. A connected motorcycle is a combination of technology and bikes that allows for smart and intelligent two-wheeler movement. The Internet of Things (IoT) is the technology utilised in linked motorcycles (Iot). The Internet of Things (IoT) is a network of internet-connected gadgets that can gather and send data across a wireless network without the need for human participation. IoT may be used in conjunction with sensor nodes and big data in connected motorcycles to provide real-time alerts and reduce road hazard. Charging, ride data sharing, bike status and notifications, and system upgrades and updates are all covered by the connected motorcycle. Global Connected Motorcycle Market To know about the Research Methodology :- Request Free Sample Report In the report, 2020 is considered a base year however 2020’s numbers are on the real output of the companies in the market. Special attention is given to 2020 and the effect of lockdown on the demand and supply, and also the impact of lockdown for the next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report.

Connected Motorcycle Market Dynamics

Growing consumer awareness of the safety features offered by connected motorcycles, as well as technical developments in connection, are expected to drive market demand. Additionally, growing smartphone usage and internet penetration are expected to boost market growth throughout the forecast period. Incorporating a 5G connection to power-connected mobility, on the other hand, is expected to create a significant potential for the connected motorbike market to grow significantly throughout the forecast period. Additionally, demand for connected motorcycles will be driven by fast-rising logistics in the retail and e-commerce industries. The worldwide connected motorcycle market is expected to grow due to a rise in the popularity of connection solutions in automobiles and an increase in the safety features offered by connected motorcycles. However, the market's growth is hampered by the possibility of data hacking and the lack of a smooth and standardized communication infrastructure.

Connected Motorcycle Market Segment Analysis

In 2020, the infotainment service segment dominated the market, accounting for more than 30.0 percent of worldwide revenue. Vehicle management & telematics, infotainment, safety, driving assistance, and insurance are the different types of services available. Turn-by-turn navigation, calls and texts, and audio controls are among the capabilities of the infotainment service. Motorcycle navigation systems may be connected through Bluetooth from a smartphone to a helmet or headset, providing the traveler with auditory directions. Such advancements are expected to have a favourable impact on the market for infotainment services. In 2020, the embedded hardware segment dominated the market, accounting for more than 70.0 percent of worldwide sales. The market is divided into two types of hardware: embedded and tethered. An electronic control unit, a GSM module, a GLONASS/GPS system, and other critical sensors are all included in the integrated connection module. The increased demand for embedded hardware from OEMs, owing to its lack of reliance on external devices, is likely to fuel market expansion. Besides, as people become more reliant on connected devices like rapid communication systems and onboard GPS units for real-time security and safety, the need for embedded systems is increasing. Also, for real-time security and safety features, the connected devices cannot rely on other low-quality dongles or cellphones.

Connected Motorcycle Market Regional Insight

In 2020, Europe dominated the market, accounting for roughly 45.0 percent of worldwide sales. Triumph Motorcycles, KTM AG, Robert Bosch GmbH, and BMW AG are all-important market participants in the region. BMW AG has introduced linked motorbikes in Europe, including the R 1250 GS Adventure, R 1250 GS, F 850 GS, and F 750 GS. In addition, major component manufacturers, including Robert Bosch GmbH, Starcom Systems Ltd., and Continental AG, are based in Europe. China, India, Indonesia, the Philippines, and Vietnam are all key motorbike markets in the Asia Pacific area. In 2020, the area accounted for more than 50% of worldwide motorbike sales. Because two-wheelers are an affordable and low-maintenance method of transportation, Asian nations like India, Thailand, Indonesia, and Vietnam have a high motorbike penetration.

Report Objectives:

• Landscape analysis of the Connected Motorcycle Market • competitive benchmarking • Past and current status of the industry with the forecasted market size and trends • Evaluation of potential key players that include market leaders, followers, and new entrants • Technology trends • The potential impact of micro-economic factors on the market • External and Internal factors affecting the market have been analyzed The report also helps in understanding the Connected Motorcycle Market dynamics, structure by analyzing the market segments project the Connected Motorcycle Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Connected Motorcycle Market make the report investor’s guide.

Connected Motorcycle Market Scope : Inquire before buying

Global Connected Motorcycle Market
Report Coverage Details
Base Year: 2021 Forecast Period: 2022-2027
Historical Data: 2017 to 2021 Market Size in 2021: US $ 57.73 Bn.
Forecast Period 2022 to 2027 CAGR: 48.4% Market Size in 2027: US $ 616.58 Bn.
Segments Covered: by Service • Driver Assistance • Infotainment • Safety • Vehicle Management & Telematics
by Communication Type • Vehicle-To-Vehicle (V2V) • Vehicle-To-Infrastructure (V2I)
by End-user • Commercial • Private

Connected Motorcycle Market by Region

• North America • Asia pacific • Europe • The Middle East and Africa • South America

Connected Motorcycle Market: Key Players

• BMW AG • Triumph motorcycles • Robert Bosch Gmbh • Panasonic Corporation • Vodafone automotive spa • Continental AG • Kpit • Autotalks • TE connectivity • Aeris • Autotalks Ltd. • Hero Motocorp ltd • Kawasaki heavy industries, ltd. • KTM AG (Pierer mobility AG) • Yamaha motor co., Ltd • Zero motorcycles, Inc. Frequently Asked Questions: 1. Which region has the largest share in Connected Motorcycle Market? Ans: Europe region holds the highest share in 2021. 2. What is the growth rate of Connected Motorcycle Market? Ans: The Connected Motorcycle Market is growing at a CAGR of 48.4% during forecasting period 2022-2027. 3. What segments are covered in Connected Motorcycle market? Ans: Connected Motorcycle Market is segmented into Communication Type, Service, End-User and Region. 4. Who are the key players in Connected Motorcycle market? Ans: The important key players in the Connected Motorcycle Market are BMW AG, Triumph motorcycles, Robert Bosch Gmbh, Panasonic Corporation, Vodafone automotive spa, Continental AG,Kpit 5. What is the study period of this market? Ans: The Connected Motorcycle Market is studied from 2021 to 2027.
1. Global Connected Motorcycle Market: Research Methodology 2. Global Connected Motorcycle Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Connected Motorcycle Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Connected Motorcycle Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Connected Motorcycle Market Segmentation 4.1 Global Connected Motorcycle Market, By Service (2020-2027) • Driver Assistance • Infotainment • Safety • Vehicle Management & Telematics 4.2 Global Connected Motorcycle Market, By Communication Type (2020-2027) • Vehicle-To-Vehicle (V2V) • Vehicle-To-Infrastructure (V2I) 4.3. Global Connected Motorcycle Market, By End-user (2020-2027) • Commercial • Private 5. North America Connected Motorcycle Market (2020-2027) 5.1 North American Connected Motorcycle Market, By Service (2020-2027) • Driver Assistance • Infotainment • Safety • Vehicle Management & Telematics 5.2 North America Connected Motorcycle Market, By Communication Type (2020-2027) • Vehicle-To-Vehicle (V2V) • Vehicle-To-Infrastructure (V2I) 5.3. North America Connected Motorcycle Market, By End-user (2021-2027) • Commercial • Private 5.4. North America Connected Motorcycle Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Connected Motorcycle Market (2020-2027) 6.1. Asia Pacific Connected Motorcycle Market, By Service (2020-2027) 6.2. Asia Pacific Connected Motorcycle Market, By Communication Type (2020-2027) 6.3. Asia Pacific Connected Motorcycle Market, By End-user (2020-2027) 6.4. Asia Pacific Connected Motorcycle Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. The Middle East and Africa Connected Motorcycle Market (2020-2027) 7.1. Middle East and Africa Connected Motorcycle Market, By Service (2020-2027) 7.2. Middle East and Africa Connected Motorcycle Market, By Communication Type (2020-2027) 7.3. Middle East and Africa Connected Motorcycle Market, By End-user (2020-2027) 7.4. Middle East and Africa Connected Motorcycle Market, By Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Connected Motorcycle Market (2020-2027) 8.1. Latin America Connected Motorcycle Market, By Service (2020-2027) 8.2. Latin America Connected Motorcycle Market, By Communication Type (2020-2027) 8.3. Latin America Connected Motorcycle Market, By End-user (2020-2027) 8.4. Latin America Connected Motorcycle Market, By Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Connected Motorcycle Market (2020-2027) 9.1. European Connected Motorcycle Market, By Service (2020-2027) 9.2. European Connected Motorcycle Market, By Communication Type (2020-2027) 9.3. European Connected Motorcycle Market, By End-user (2020-2027) 9.4. European Connected Motorcycle Market, By Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. BMW AG 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. BMW AG 10.3. Triumph motorcycles 10.4. Robert Bosch Gmbh 10.5. Panasonic Corporation 10.6. Vodafone automotive spa 10.7. Continental AG 10.8. Kpit 10.9. Autotalks 10.10. TE connectivity 10.11. Aeris 10.12. Autotalks Ltd. 10.13. Hero Motocorp ltd 10.14. Kawasaki heavy industries, ltd. 10.15. KTM AG (Pierer mobility AG) 10.16. Yamaha motor co., Ltd 10.17. Zero motorcycles, Inc.

About This Report

Report ID 82461
Category Automotive and Transportation
Published Date February 2021
Updated Date March 2022
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