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Top Factor Driving Connected Motorcycle Market Growth in 2025: The Growing Demand For Electric Motorcycles Drives The Growth Of The Connected Motorcycle Market
Connected Motorcycle
The increasing demand for electric motorcycles is expected to boost the connected motorcycle market. Electric motorcycles are powered by electric motors and batteries rather than internal combustion engines. The demand for electric motorcycles is rising due to environmental concerns, high fuel prices, technological progress, government incentives, and traffic congestion. Connected motorcycles, which enhance electric motorcycles' functionality, provide key features for battery management, safety, and maintenance, improving efficiency and user experience. In December 2023, the Office of Energy Efficiency and Renewable Energy reported 1.1 million e-bikes were sold in the US in 2022, more than quadrupling sales from 2021. Hence, the growing demand for electric motorcycles is fueling the connected motorcycle market.
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What Is the projected market size and growth rate for the connected motorcycle market?
The connected motorcycle market has grown exponentially in recent years. It will rise from $0.23 billion in 2024 to $0.33 billion in 2025, at a compound annual growth rate (CAGR) of 44.5%. This rapid growth is driven by the development of global positioning system (GPS) technology, the introduction of connectivity features, increasing smartphone usage, early safety regulations, and pioneering smart vehicle initiatives.
The connected motorcycle market is expected to experience exponential growth, reaching $1.44 billion by 2029 at a CAGR of 44.2%. This growth is driven by concerns about road safety, regulatory mandates, consumer demand for safety and connectivity, infrastructure evolution, and competitive dynamics. Key trends include 5G-enabled connectivity, advancements in autonomous riding technology, personalized experiences, over-the-air updates, and AI-driven safety systems.
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What new trends are reshaping the connected motorcycle market and its opportunities?
Companies in the connected motorcycle market are developing advanced technologies like AI and sensor systems to improve safety, performance, and user experience. For example, in January 2024, Verge Motorcycles Inc., a US-based manufacturer of electric motorcycles, introduced Starmatter Software, which integrates AI and sensor technology to enhance the riding experience. This platform provides real-time adaptive learning, improved safety features, and personalized ride experiences.
What major market segments define the scope and growth 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.
Which key market leaders are driving the connected motorcycle industry growth?
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.
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What Is Covered In The Connected Motorcycle Global Market Report?
•Market Size Forecast: Examine the connected motorcycle market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the connected motorcycle market for a structured understanding.
•Key Players Overview: Analyze major players in the connected motorcycle market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the connected motorcycle market.
•Segment Contributions: Evaluate how different segments drive overall growth in the connected motorcycle market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the connected motorcycle market.
•Industry Challenges: Identify potential risks and obstacles affecting the connected motorcycle market.
•Competitive Landscape: Review strategic developments in the connected motorcycle market, including expansions, agreements, and new product launches.
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