Connected Motorcycle Market CAGR 39.6% in Revenue and Reach US$ 304.1 million by 2027

According to a recent report by Allied Market Research, the global connected motorcycle market is projected to reach US$ 304.1 million by 2027, registering a CAGR of 39.6% from 2020 to 2027.

By region, Europe dominated the market, followed by North America, Asia-Pacific, and LAMEA in 2019. Germany dominated the Europe connected motorcycle market share in 2019, and Africa is anticipated to exhibit a remarkable growth during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.alliedmarketresearch.com/request-sample/6787

𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝗶𝘇𝗲 𝗮𝗻𝗱 𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁

Cellular connectivity in connected motorcycles offer various advantages and is the most effective way to ensure a reliable connectivity, low latency, and security. In addition, in coming days, 5G cellular technology is anticipated to become an integral part of connectivity and interoperability required for efficient function of these cellular networks. Moreover, technology companies are joining connected motorcycle consortium, collaboration between manufacturers, suppliers, and others, working together with a focus of making motorcycle a part of the future connected mobility.

For instance, on April 26, 2018, Autotalks, a semiconductor company focused on development of vehicle-to-everything (V2X) communications, joined Connected Motorcycle Consortium. In addition, Autotalks launched 5.9 GHz band DSRC-based V2M solution in 2017, based on second-generation V2X chipset that allows motorcyclists to receive alert on road situations to avoid accidents.

Emergency call is a feature in connected motorcycle, which increases road safety for two-wheeler riders. The vehicle connectivity system in the motorcycle reports detected accidents and its location to emergency call centers automatically, which immediately informs emergency services. In addition, various producers of connected motorcycles provide emergency call feature in their vehicles, which enhances safety of riders while driving, and is anticipated to propel the market for the emergency call segment. For instance, in Germany, around 80% customers of BMW Motorrad go for motorcycles with eCall system while purchasing.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠- https://www.alliedmarketresearch.com/purchase-enquiry/6787

Breakdown call system can be defined as a service, which allows drivers to call and contact local road assistance in case of a vehicle breakdown. In addition, diagnostics data of motorcycles is sent to breakdown services so that all necessary information is received in advance, which enables roadside assistance mechanics team to prepare for the call-out. In addition, automobile manufactures operating in the connected motorcycle market are introducing new range of connectivity solutions, which, in turn, is anticipated to propel the market for the breakdown call segment. For instance, on June 22, 2020, Bosch, an automobile company introduced Help Connect, a smartphone-based emergency call solution for motorcycles, which allows breakdown call.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗗𝘆𝗻𝗮𝗺𝗶𝗰𝘀

Automotive technology companies are introducing new range of connectivity technologies for connected motorcycles, which, in turn, is anticipated to propel the market in North America. For instance, in January 2019, Panasonic Automotive announced collaboration with Harley-Davidson for development of connected motorcycles by Harley-Davidson, named LiveWire.

In addition, Panasonics's connectivity platforms are used in this model, which makes Harley-Davidson first mass manufacturer of cellular-connected electric motorcycles. Moreover, on January 8, 2020, Damon, a motorcycle manufacture in Canada claims to have developed the world's safest, smartest, and powerful electric motorbike with Damon's 'CoPilot' tech, which is advanced warning system developed by BlackBerry QNX technology.

Growth in trend of connectivity solutions in vehicles propel growth of the connected motorcycle market. In addition, increase in safety features provided by connected motorcycles also fuel growth of the connected motorcycle market. However, threat of data hacking and lack of seamless and uniform connectivity infrastructure hinder the market growth. Conversely, incorporation of 5G connectivity to power connected mobility is anticipated to provide remunerative opportunities to key players for the market expansion. 

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐟𝐨𝐫 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 - https://www.alliedmarketresearch.com/request-for-customization/6787

Key players in the industry-

Aeris
Autotalks Ltd.
BMW AG
Hero MotoCorp Ltd.
Kawasaki Heavy Industries, Ltd.
KTM AG (PIERER Mobility AG)
Robert Bosch GmbH
Triumph Motorcycles
Yamaha Motor Co., Ltd.
Zero Motorcycles, Inc.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐖𝐞 𝐇𝐚𝐯𝐞 𝐨𝐧 𝐀𝐮𝐭𝐨𝐦𝐨𝐭𝐢𝐯𝐞 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲:

Solar E-Bike Market - https://www.alliedmarketresearch.com/solar-e-bike-market-A10071

Bike Sharing Market - https://www.alliedmarketresearch.com/bike-sharing-market-A11309

Bike Rental Market - https://www.alliedmarketresearch.com/bike-rental-market-A09610

1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

This release was published on openPR.