Press release
Connected Motorcycle Market is Anticipated to Expand upto $1.31 Billion in 2029
Connected Motorcycle
What Is the Forecasted Market Growth Rate of the Connected Motorcycle Industry?
In recent times, the market size of the connected motorcycle has witnessed immense growth. Expanding from a worth of $0.23 billion in 2024 to $0.33 billion in 2025, it anticipates a compound annual growth rate (CAGR) of 43.2%. Factors that have contributed to this growth during the historic period include advancement in global positioning system (GPS) technology, introduction of early connectivity features, surge in smartphone usage, initial safety regulations, and innovative initiatives for smart vehicles.
How Will the Connected Motorcycle Market Size Evolve From 2025 to 2029?
The market size of connected motorcycles is anticipated to witness a dramatic surge in the coming years, reaching $1.31 billion in 2029, with a compound annual growth rate (CAGR) of 41.2%. Several factors, notably the rising cases of road casualties and accidents, regulatory requirements, the public's increasing demand for protection and connectivity, evolving infrastructure, and competitive market factors, are driving the growth during the projection period. Emerging trends during this period include a surge in 5G-enabled connectivity, advancements in self-driving riding technology, personalised rider experiences, a proliferation of over-the-air updates, and growing use of AI-based safety mechanisms.
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What Are the Main Growth Drivers in the Connected Motorcycle Market Today?
The rise in popularity of electric motorcycles is anticipated to fuel the expansion of the connected motorcycle market. Electric motorcycles, which are two-wheeled vehicles that run on electric motors and batteries instead of internal combustion engines, are seeing an increase in demand because of factors like environmental concerns, high fuel costs, technological progress, government incentives, and traffic jams in cities. Connected motorcycles notably improve the performance and user experience of Electric Vehicle (EV) motorcycles by providing key tools for managing batteries, safety, maintenance, and overall efficiency. This makes EV motorcycles more practical and attractive to a wider array of users. For example, the Office of Energy Efficiency and Renewable Energy, a US government agency stated in December 2023 that 1.1 million e-bikes were sold in the US in 2022. This is over four times the number that were sold in 2021. Thus, the ever-increasing demand for electric motorcycles is lending a hand in the expansion of the connected motorcycle market.
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Which Connected Motorcycle Market Segment Is Expected to Lead Through 2029?
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
Which Market Trends Are Expected to Dominate Connected Motorcycle Industry Growth?
Leading firms in the connected motorcycle market are concentrating their efforts on the creation of cutting-edge technologies like Artificial Intelligence (AI) and sensor technology to maintain their market dominance. AI in interconnected vehicles involves the application of complex computational algorithms and machine learning methods to boost the safety, usefulness, and efficacy of the vehicles. Sensor technology, on the other hand, leverages various sensors to gather information about the environment, state, and operation of the vehicle. In an illustrative example from January 2024, Verge Motorcycles Inc., renowned for manufacturing electric two-wheelers, introduced Starmatter Software and Intelligence Platform. This revolutionary platform, incorporating AI, sensor tools, and game engines, is set to bring about sweeping changes in the motorcycle industry. Its unique offerings include real-time adaptive learning and the enhancement of the ride by analyzing rider behaviour and environmental factors. The platform's sophisticated sensor suite boosts safety by offering features like collision detection, adaptive cruise control, and automated emergency braking. This integration not only boosts safety and performance but also redefines the user experience, thereby setting a new benchmark in the connected motorcycling sector.
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Which Companies Hold the Largest Market Share in the Connected Motorcycle Sector?
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.
Where Is the Connected Motorcycle Market Experiencing the Highest Growth?
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.
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Asia: +44 7882 955267 & +91 8897263534,
Europe: +44 7882 955267,
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