Global Connected Motorcycle Market

Connected Motorcycle market is the latest innovation with motorcycles, which offers smart and intelligent two-wheeler mobility services. These motorcycles are installed with IoT devices, which enables them with continuous internet connection and data sharing services. The connected motorcycles, hence, can provide the rider to handle 4 major factors – charging, bike status & alerts, ride data sharing, and system upgrades.

Global Connected Motorcycle Market

 

Global Connected Motorcycle Market

Objective of the Report:

The objective of the report is to present a comprehensive analysis of the Global Connected Motorcycle Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Connected Motorcycle Market dynamics, structure by analyzing the market segments and project the Global 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 Global Connected Motorcycle Market make the report investor’s guide.

Market Scenario:

The Global Connected Motorcycle Market was valued around at $40 Mn in the year 2019, and is projected to reach $XX Bn by the year 2027, growing at a CAGR of almost 45% during the forecasted period.

Market Overview:

Drivers:

• Innovations in the automobile Industry

The automobile industry is being adaptive to various new and innovative technologies, like IoT trends in the same. Hence, the rise in the demand for driver assistance and safety concerning features for a safe and comfortable ride is one of the major the factor responsible for driving the growth of the market for connected motorcycles during the forecast period.

• Rise in the interest for off road biking and long – distance bike riding

The trend for bike riding and treks is seen to be increasing amongst the young generations across the globe. This, in turn, gives rise to more players in the market, and growing marketing strategies from the manufacturers for invoking more clients. Therefore, such an upsurge in the likings for the motorcycles could be one of the major factors that could help to propel the market growth for the connected motorcycles over the forecast period.

Restraint:

• Increased demand for the electronic bikes

Electric bikes are becoming a new trend, on the other side, and driving the market due to their new concepts and environment-friendly technologies. Hence, these have become one of the new states of the art in the field of technology. This invention and rise in the adoption of e-bikes could be one of the major factors that could hamper the market for connected motorcycles across the globe, during the forecast period.

Market Segmentation

The report for the global Connected Motorcycle market is studied across the 6 major segments:

• By Service

o Driver Assistance
o Infotainment
o Safety
o Vehicle Management & Telematics
o Insurance

Based on the service, the Infotainment segment is expected to drive the market for connected motorcycles during the forecast period. This growth could be due to the various innovative features of motorcycle connections, like, Bluetooth connectivity, connection with smartphones, which could help to offer audible directions.

• By Hardware

o Embedded
o Tethered
• By Network Type
o Cellular V2X
o Dedicated Short Range Communication

• By Communication

o Vehicle – to – Vehicle
o Vehicle – to – Infrastructure

• By End – User

o Commercial
o Private

 

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The commercial end-user segment is expected to witness the fastest growth in the connected motorcycles market during the forecast period. This substantial growth of the segment could be attributed to the new collaborations from telecom operators, government policymakers, automobile manufacturers, which are ensuring a better – connected motorcycle driving experience.

• By Geography

o North America
o South America
o Asia Pacific
o Europe
o Middle East & Africa

Asia Pacific region is expected to grow with the highest market share in the global Connected Motorcycle market, during the forecast period, owing to the presence of key motorcycle markets, such as India, Japan, and Indonesia. Moreover, rise in the adoption of technological innovations, and increased sales of premium bikes over the region, could also act as one of the major factor propelling the market growth over the region, during the forecast period.

Competitive Landscape

• The major key players operating in this market include -:

o BMW AG
o Triumph Motorcycles
o Robert Bosch GmbH
o Panasonic Corporation
o Vodafone Automotive SpA
o Continental AG
o KPIT
o Autotalks
o TE Connectivity

 

This Report Is Submitted By : Maximize Market Research Company

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About Maximize Market Research:

Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.

 

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