Press release
The Growing Demand For Electric Motorcycles Drives The Growth Of The Connected Motorcycle Market Driver: Leading Transformation in the Connected Motorcycle Market in 2025
Connected Motorcycle Market Size
The market size of connected motorcycles has seen a significant rise in recent years. The sector is projected to expand from $0.23 billion in 2024 to $0.33 billion in 2025, boasting a Compound Annual Growth Rate (CAGR) of 44.5%. The substantial growth during the historical period is due to factors such as the evolution of GPS technology, introduction of initial connectivity features, increased use of smartphones, establishment of preliminary safety norms, and the initiation of innovative smart vehicle programs.
It is anticipated that the connected motorcycle market will witness massive growth in the upcoming years, reaching a valuation of $1.44 billion in 2029. This growth will represent a compound annual growth rate (CAGR) of 44.2%. This upward trend in the prediction period can be credited to increasing concerns over road deaths and accidents, legislative regulations, the growing need for safety and connectivity among consumers, evolving infrastructure, and competitive market forces. Notable trends for the forecast period will be the increase in 5G-enabled connectivity, advancements in autonomous riding technologies, personalized riding experiences, the increasing prevalence of over-the-air updates, and the higher degree of adoption of AI-based safety systems.
What Is Driving the Growth Trajectory of the Connected Motorcycle Market?
The connected motorcycle market is poised for growth due to the increasing demand for electric motorcycles. These two-wheeled vehicles, propelled by electric motors and batteries rather than traditional combustion engines, are becoming more popular because of growing environmental awareness, mounting fuel prices, technological improvements, government incentives, and heavy urban traffic. Connectivity greatly enhances the features and enjoyment of electric motorcycles, providing essential tools for battery administration, safety, upkeep, and general effectiveness, thus making these vehicles more viable and attractive to a wider user base. In December 2023, the Office of Energy Efficiency and Renewable Energy, a U.S. government body, reported that electric bike sales in the U.S in 2022 reached 1.1 million, a more than four-fold increase compared to 2021. As such, the expanding demand for electric motorcycles is fueling the growth of the connected motorcycle market.
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Which Leading Companies Are Shaping the Growth of the Connected Motorcycle Market?
Major companies operating in the connected motorcycle market are Bayerische Motoren Werke AG, Verizon Communications Inc., Honda Motor Co. Ltd., Amazon Web Services Inc., Panasonic Corporation, International Business Machines Corporation, Continental AG, Suzuki Motor Corporation, Yamaha Motor Co. Ltd., TE Connectivity Ltd., Kawasaki Heavy Industries Ltd., Harley-Davidson Inc., Vodafone Group plc, Hero MotoCorp Ltd., Robert Bosch GmbH, IAV GmbH, KPIT Technologies Ltd., Triumph Motorcycles Limited, Aeris Communications Inc., Zero Motorcycles Inc., Autotalks Ltd., Ducati Motor Holding S.p.A.
What Are the Major Trends Shaping the Connected Motorcycle Market?
Key players in the connected motorcycle market are concentrating their efforts on pioneering technology innovations, particularly in the realms of sensor technology and AI, to maintain their competitive edge. The employment of AI in these connected motorcycles leverages sophisticated machine learning methods and computational algorithms to improve the safety, efficiency, and functionality of the vehicles. Sensor technology in a connected motorcycle context involves the utilization of a range of sensors to gather data on the vehicle's surroundings, operational status, and overall condition. Verge Motorcycles Inc., a leading electric two-wheeler manufacturer based in the US, debuted their Starmatter Software and Intelligence Platform in January 2024 to shake up the motorcycle industry. This cutting-edge platform seamlessly combines sensor tech, AI, and game engines to provide an unparalleled riding experience. The platform is able to adapt in real-time, personalizing each ride by analyzing riders' behavior and factors in the environment. The comprehensive sensor system in the platform heightens safety by implementing features such as collision avoidance, adaptive cruise control, and automated emergency braking measures. This combination dramatically boosts performance while ensuring rider safety, redefining the standard for connected motorcycling by drastically enhancing the user experience.
What Are the Key Segments of the Connected Motorcycle Market?
The connected motorcycle market covered in this report is segmented -
1) By Type: Sport, Tour, Roadster, Heritage, Adventure, Other Types
2) By Connectivity Solution: Integrated, Embedded, Tethered
3) By Service: Driver Assistance, Safety, Entertainment, Well Being, Vehicle Management, Mobility Management
4) By Propulsion: Immigration And Customs Enforcement (ICE), Electric
5) By End User: Private, Commercial
Subsegments:
1) By Sport: High-Performance Sport Motorcycles, Supersport Motorcycles, Track-Focused Motorcycles
2) By Tour: Touring Motorcycles, Cruiser Tour Motorcycles, Touring Bikes With Advanced Connectivity Features
3) By Roadster: Naked Bikes, Street Motorcycles, Urban Commuter Motorcycles
4) By Heritage: Classic Motorcycles, Retro-Style Motorcycles, Café Racers
5) By Adventure: Adventure Touring Motorcycles (Adv), Dual-Sport Motorcycles, Off-Road Adventure Bikes With Connectivity
6) By Other Types: Electric Motorcycles, Custom Motorcycles, Scooters With Connectivity Features
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Which Region Dominates the Connected Motorcycle Market?
Europe was the largest region in the connected motorcycle market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected motorcycle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Connected Motorcycle Global Market Report?
- Market Size Analysis: Analyze the Connected Motorcycle Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Connected Motorcycle Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Connected Motorcycle Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Connected Motorcycle Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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