Connected Motorcycle Market - Trends Forecast Till 2028

Connected Motorcycle Market, by Service Type (Driver Assistance, Infotainment, and Safety), by End User (Private and Commercial), and Region (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: January, 2022

Base Year Estimate: 2021

Report ID: D-AU-CMM-1081

Format:  

Number of Pages: 379

Domain: Automotive

Connected Motorcycle Market – Trends Forecast Till 2028

The Connected Motorcycle Market size is projected to reach a CAGR of 47.9% from 2022 to 2028.

Connected motorcycles is a new technology, where motorcycles are equipped with IoT devices enabling seamless internet connectivity in motorcycles and data sharing. The connectivity system in it monitors controls safety, comfort, and security functions such as advanced light and heat management, keyless starting of the bike, tire pressure monitoring, and helps one to attend emergency calls.

Growing awareness about safety features provided by connected motorcycles and rising technological advancements in connectivity are some of the factors that have supported long-term expansion for Connected Motorcycle Market.

The COVID-19 pandemic hindered the growth of the connected motorcycles market due to shutdowns of manufacturing units and travel restrictions. In addition, virtually with no activity in tourism, the aftermarket segment of the connected motorcycle market also witnessed a slowdown.

Connected Motorcycle Market Growth Analysis

Asia-Pacific region expected to hold significant share in the market followed by Europe and North America during the forecast period. The presence of global players like Yamaha, Suzuki, Honda etc. and increasing awareness about benefits of Connected motorcycles is likely to have a positive impact on this regional market.

Connected Motorcycle Market is segmented into service, end user and region.

On the basis of Service

  • Driver assistance
  • Infotainment
  • Safety

On the basis of End-User   

  • Private
  • Commercial

On the basis of Region

  • Asia Pacific
  • North America
  • Europe
  • South America
  • Middle East & Africa

Insights are provided for each region and major countries within the regions

Connected Motorcycle Market Primary Respondents

 

Key Players

  • Robert Bosch
  • Continental AG
  • TE Connectivity
  • Panasonic Corporation
  • KPIT Technologies ltd

Recent Developments

  • In 2019, Ducati, along with Audi and Ford, exhibited Vehicle-to-Vehicle (V2V), Vehicle-to-Pedestrian (V2P), and Vehicle-to-Infrastructure (V2I) safety features on Ducati Multi Strada 1260.
  • In April 2021, Minda Corporation Limited partnered with Ride Vision to use Artificial Intelligence-enabled Collision Avoidance Systems to be implemented in the Indian motorcycle market.

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
  • Gain authentic and granular data access for Connected Motorcycle Market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Feature

Descriptions

Growth Rate

CAGR of 47.9% during the forecasting period, 2022-2028

Historical Data

2019-2020

Forecast Years

2022-2028

Base Year

2021

Units Considered

Revenue in USD billion and CAGR from 2022 to 2028

Report Segmentation

service, end user and region.

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Robert Bosch, Continental AG, TE Connectivity, Panasonic Corporation and KPIT Technologies.

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