Press release
Connected Motorcycle Market Demand Will Reach a Value of USD 241.97 Million by the Year 2030, At a CAGR of 13.7%
Connected Motorcycle Market
Connected Motorcycle Market size was valued at USD 98.5 Mn in 2023 and market revenue is growing at a CAGR of 13.7 % from 2023 to 2030, reaching nearly USD 241.97 Mn by 2030.
Connected Motorcycle Market Overview:
The Connected Motorcycle Market is experiencing rapid evolution, driven by advancements in IoT technology, increasing consumer demand for enhanced safety features, and the integration of smart connectivity solutions into motorcycles. Connected motorcycles leverage sensors, GPS tracking, communication modules, and mobile apps to provide riders with real-time information, navigation assistance, and vehicle diagnostics. This overview explores the key drivers, trends, and opportunities shaping the Connected Motorcycle Market.
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What are Connected Motorcycle Market Dynamics?
Safety and Security Concerns: Rising concerns over road safety and the need for accident prevention systems are driving the adoption of connected technologies in motorcycles. Features like automatic crash notifications, emergency call systems, and anti-theft alerts enhance rider safety and security.
Demand for Enhanced Riding Experience: Consumers are increasingly seeking advanced features such as real-time traffic updates, weather forecasts, and route planning capabilities, which are facilitated by connected motorcycle technologies.
Regulatory Requirements: Regulatory mandates in some regions requiring the integration of safety technologies, such as eCall systems, in vehicles, including motorcycles, are driving market growth.
Connected Motorcycle Market Trends:
Integration with IoT and AI: Connected motorcycles are increasingly integrating IoT sensors and artificial intelligence to provide predictive maintenance alerts, adaptive cruise control, and personalized riding experiences based on rider behavior and preferences.
Rise of Electric and Hybrid Motorcycles: The growing popularity of electric and hybrid motorcycles is driving the integration of connected technologies to monitor battery status, optimize energy consumption, and provide charging station information.
Smartphone Connectivity: Many connected motorcycles offer seamless integration with smartphones, enabling riders to access music, make hands-free calls, and receive notifications directly on the motorcycle's dashboard or helmet display.
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Connected Motorcycle Market Opportunities:
Aftermarket Solutions: There is a significant opportunity in the aftermarket segment for retrofitting existing motorcycles with connected technology modules, thereby enhancing their functionality and appeal to tech-savvy riders.
Data Analytics and Monetization: The data generated by connected motorcycles, such as riding patterns and vehicle diagnostics, can be leveraged for analytics and monetization opportunities, including personalized insurance premiums and targeted marketing.
Expansion in Emerging Markets: Emerging economies with a growing middle-class population and increasing urbanization present untapped opportunities for connected motorcycle technologies, especially in regions like Asia-Pacific and Latin America.
What is Connected Motorcycle Market Regional Insight?
North America: North America leads the Connected Motorcycle Market, driven by strong technological innovation, a robust motorcycle industry, and stringent safety regulations that promote the adoption of connected technologies.
Europe: Europe is a key market for connected motorcycles, supported by stringent safety standards, environmental regulations, and a strong preference for premium motorcycles equipped with advanced technology features.
Asia-Pacific: Asia-Pacific is witnessing rapid growth in the Connected Motorcycle Market, fueled by the increasing adoption of motorcycles for daily commuting, rising disposable incomes, and advancements in IoT infrastructure.
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What is Connected Motorcycle Market Segmentation?
By Services
Driver Assistance
Infotainment
Safety
Vehicle Management & Telematics
Insurance
By Hardware
Embedded
Tethered
By Network Type
Cellular V2X (C-V2X)
Dedicated Short Range Communication (DSRC)
by Communication Type
Vehicle-To-Vehicle (V2V)
Vehicle-To-Infrastructure (V2I)
By End-user
Commercial
Private
Some of the current players in the Connected Motorcycle Market are:
Europe
1. Bosch (Germany)
2. Continental AG (Germany)
3. BMW Motorrad (Germany)
4. Ducati Motor Holding S.p.A. (Italy)
5. Piaggio & C. S.p.A. (Italy)
6. MV Agusta Motor S.p.A. (Italy)
7. Triumph Motorcycles Ltd. (UK)
Asia Pacific
1. Yamaha Motor Co., Ltd. (Japan)
2. Honda Motor Co., Ltd. (Japan)
3. KTM AG (Austria)
4. Suzuki Motor Corporation (Japan)
5. Kawasaki Heavy Industries, Ltd. (Japan)
6. TVS Motor Company (India)
7. Hero MotoCorp Ltd. (India)
8. Royal Enfield (India)
9. Bajaj Auto Ltd. (India)
North America
1. Harley-Davidson, Inc. (USA)
2. Zero Motorcycles Inc. (USA)
3. Polaris Inc. (USA)
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Key Offerings:
Past Market Size and Competitive Landscape
Connected Motorcycle Market Size, Share, Size & Forecast by different segment
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Connected Motorcycle Market Segmentation - A detailed analysis by Product
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
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