Connected Motorcycle Market 2023 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2030

The global market value of the connected motorcycle market was USD 80 million, and a CAGR of 52% is expected during the forecast period. A connected motorcycle is a system that provides the rider with a range of infotainment solutions on the motorcycle’s instrument cluster through various connectivity devices, such as information regarding road navigation, vehicle warnings, and others. Upcoming safety norms all over the world are growing this market significantly. The growing demand for electric two-wheelers is driving the growth of the market significantly. Rising safety concerns for all kinds of motorcycle riders are driving the growth of the market. Rising urban population all over the world, is driving the growth of this market significantly.

Impact of Covid-19

Temporary shutdowns led to reduced research and development projects, causing a slowdown in the market. The shutdown of various businesses due to the pandemic affected the revenue generation capacity of various companies, along with disrupting the supply chain of various products. The automotive industry was also not different, as it also felt a slowdown initially due to stringent lockdown and strict COVID-related norms. As many automotive businesses shifted towards stability, gaining stability and control to restore their market position and supply chain management. During pandemic the traffic was less, and due to less traffic, the chances for road fatalities, and accidents became quite low, Post pandemic, when things got normalized, the market started to observe the significant growth.

Growth Drivers

Increasing inclination of governments worldwide towards safety concerns of bike riders, and rising number of electric motorbike is driving the growth of the market significantly. Growing traffic congestion in urban areas is also driving the growth of the market. Due to rapid urbanization, and increasing industrialization, the market is witnessing a significant growth worldwide. With growing demand for nimble commutation, and connected vehicle and connected vehicle technology has increased the demand for electric vehicles in densely populated areas in Asia Pacific region. Urban areas all over the world is set to emerge as growing market during the forecast period. According to Insurance institute of highway safety, the fatalities due to motor bike accidents has increased worldwide by 21% in two years.

Automotive companies are bothered about safety of rider, and person sitting behind him, so it has installed all these features in order to avoid the accidents. The major key players worldwide is playing an important role in assuring the safety of motorcycle rider.

Segmentation

Communication Type Analysis

·         Vehicle to Vehicle

·         Vehicle to Infrastructure

By Network Type Analysis

·         Cellular

·         Dedicated Short range communication

By Connectivity Type

·         Embedded Type

·         Integrated

·         Tethered    

By Application

·         Motorcycle approach indication

·         Intersection Movement Assist

·         Forward Collision Warning

·         Left Turning Assist

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Connectivity Motorcycle by Communication Type Analysis

On the basis of communication type, the connectivity motorcycle market is segmented into vehicle to vehicle, and vehicle to infrastructure segment. Vehicle to vehicle segment held the largest share during the 2021-2022. The demand is attributed to the growing integration of vehicle to vehicle technologies in vehicles and motorcycles. Vehicle to vehicle allows the vehicle to communicate with the each other, and exchange the data, and reduces the risk of potential fatalities, and road accidents. The Vehicle to infrastructure segment is expected to grow at the fastest rate during the forecast period. Rising adoption, and development of connected infrastructures in metro cities, and in major European economies. The growing government initiatives toward road safety, issues are expected to propel the growth of the market significantly.

Connected Motorcycle by connectivity Market 

On the basis of connectivity the connected motorcycle market is segmented into embedded type, integrated, and tethered type. The Embedded system is expected to grow at fastest CAGR during the forecast period. This is due to the increased incorporation of advanced technology that would provide the rider with the range of essential data. The integrated segment is expected to grow during the forecast period. This is due to the ongoing research and development efforts, and the launch of new technologies in the digital motorcycle instrument cluster. The tethered segment is expected to grow steadily during the forecast period due to the integration of various features such as smart phone mirroring, and short range communications.

Connected Motorcycle Application Market

On the basis of application segment, the connected motorcycle market is segmented into motorcycle approach indication, intersection movement assist, forward collision warning, and left turning assist. The motorcycle approach indication is expected to grow at the fastest rate. This is due to the increased road fatalities of motorcycles caused by the unawareness of motorcycle approaches on the road. During the forecast period, the forward collision warning and left turn provide motorcyclists with data on road conditions by warning them through the vehicle’s instrument cluster.

Regional Outlook

On the basis of regions, the connected motorcycle market is segmented into 5 parts: Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa. Due to the region’s stringent driving and safety norms, Europe is leading the market. The reason behind the dominance is the high popularity of the product and the well-suited connected vehicle technology infrastructure. Well-suited connected vehicle technology infrastructure is driving growth in the region. Increased government regulation toward road safety and vehicle safety rules drives the growth of the market in the region. Asia Pacific will be the second-largest market for connected motorcycles in 2022. This is due to the growing safety concerns in Japan, China, and other Asian countries. A growing focus on connected vehicle infrastructure and government policies is expected to drive the growth of the market in the region. North America and the rest of the world are also growing due to increasing government concern for safety and road fatalities.

Key Players

·         Continental AG

·         Telit

·         KTM

·         Ducati

·         Honda

·         Panasonic

·         BMW Motorrad

·         Harley Davidsons

·         Yamaha Motors

·         Other Players

Global Connected Motorcycle Market research report presents a strategic analysis of the global Connected Motorcycle Market and a forecast for its development in the medium term, taking into account the impact of COVID-19 on it.

This report delivers market size, regional and country market data, segmentation growth, market share, competitive landscape, company’s Connected Motorcycle revenue analysis, strategies of domestic and global market players, opportunities analysis, strategic market growth analysis, and technological innovations. It analyses historical and current market data to accurately gauge its future growth potential. This market report provides in-depth analysis and insight of market drivers, challenges, trends & opportunities. At the same time, comprehensive coverage of major vendors (recent product development & industrial activities, company overview, insights on business strategy & financial performance, company SWOT analysis) is provided to give competitive overview. This study presents most detailed (COVID-19 updated) and in-depth analysis about the global Connected Motorcycle market, covering all global regions and countries. The report provides intricate dynamics for each of the countries covered, offering unmatched value, accuracy and expert insights.

Report Purpose

The purpose of the report is to portray the state of the global Connected Motorcycle Market and to present real and expert-verified data and insights about the market values, volumes, dynamics, segmentation and prices. It also offers forecast for the market development in the short and medium term and the impact COVID-19 has and will have on it. Further, it covers in-depth analysis of the key market players, industry trends and insights, growth drivers and challenges and all other factors, influencing the growth of market.

Scope of the Report

The report on the global Connected Motorcycle Market presents:

·         Historical Data: Market data including volume, growth rate, value, and dynamics; Market segmentation (by product, by region and by country; etc.) for the last five years;

·         Strategic Insights for companies looking to launch new products to diversify their business, exploring leading countries to establish supply chain, and top countries to increase company export and go global

·         Comprehensive Regional Market Data: volume, growth rate, value, market share and dynamics of for the last five years (broken down by region);

·         Market Dynamics: Analysis of the factors impacting the market including demand drivers, industry trends and challenges and the short and the medium-term impact of COVID-19 presently and in near future;

·         Analysis and forecast for the global economy and demographics;

·         Supply chain and value chain analysis, risk analysis of supply side and demand side;

·         Market Forecast for next ten years (market share, year-on-year growth, volume, value and segmentation by region);

·         Company profiling of key market players covering company’s Connected Motorcycle revenue, sales and market share;

·         Comprehensive coverage of competitive landscape offering market positioning and snapshot of key business strategies;

·         Porter’s Five Forces analysis;

How Can You Benefit from This Report?

In this report you can:

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This report detailed and all-inclusive data on Connected Motorcycle Market, providing valuable support to make vital decisions regarding:

·         Strategic planning;

·         Industry analysis;

·         Target Market/Marketing and sales;

·         Regional and country assessment and opportunity analysis;

·         Market entry into new product group or country;

·         Pricing of existing and new products;

·         New product development and Innovation in existing products;

·         Supply chain management;

·         Market evaluation;

·         Mergers, Expansions, Joint Ventures and acquisitions.

Who Is This Report for?

This report is intended to give broad overview of market to people who already are working on this market:

·         C-suite Level executives;

·         Directors;

·         Industry strategists;

·         Marketing professionals;

·         Business development professionals;

·         Product developers;

·         Product marketers and strategists;

·         Product managers;

·         Project managers;

·         Suppliers;

·         Traders;

This report also caters to people who are not involved in the market, representatives of investors, consultants, advisors and financial institutions:

·         Management consultants;

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·         M&A managers.

Regional Coverage

The report on the global Connected Motorcycle Market breaks down the world into the following regions & countries and covers every single one of them:

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