The Connected Motorcycle Market size was valued at US 98.5 Mn in 2023 and market revenue is growing at a CAGR of 13.7 % from 2023 to 2030, reaching nearly USD 241.97 Mn by 2030.
Connected Motorcycle Market Overview:
The connected motorcycle market is experiencing rapid growth as advancements in automotive technology redefine the riding experience. These motorcycles integrate cutting-edge communication systems, allowing riders to stay connected to their surroundings, vehicles, and infrastructure. With features like real-time navigation, emergency call systems, and rider assistance, connected motorcycles are transforming personal mobility into a safer and more efficient mode of transport.
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Connected Motorcycle Market Trends:
One significant trend is the integration of advanced safety systems, such as collision alerts and blind-spot monitoring, which enhance rider safety and confidence. These technologies are powered by Vehicle-to-Everything (V2X) communication, enabling motorcycles to interact with other vehicles and infrastructure for proactive safety measures.
What are Connected Motorcycle Market Dynamics?
The market dynamics are shaped by increasing consumer awareness of road safety and the need for efficient navigation systems. Governments and regulatory bodies are also mandating the adoption of safety features, driving demand for connected motorcycles. The growing interest of younger consumers in technologically advanced and feature-rich motorcycles further contributes to market growth.
Connected Motorcycle Market Opportunities:
Electrification in the motorcycle segment offers significant opportunities for connected motorcycle technologies. Electric motorcycles are increasingly adopting connected features to provide real-time information on battery status, charging points, and energy consumption. This convergence of electrification and connectivity is expected to drive innovation in the market.
What is Connected Motorcycle Market Regional Insight?
Europe leads the connected motorcycle market, driven by strong regulatory support for safety systems and the presence of established automotive players. Countries like Germany, France, and Italy are at the forefront, leveraging advanced infrastructure to support connected technologies. The region’s focus on sustainability and electrification further bolsters the adoption of connected motorcycles.
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What is Connected Motorcycle Market Segmentation?
By Services
Driver Assistance
Infotainment
Safety
Vehicle Management & Telematics
Insurance
By Hardware
Embedded
Tethered
By Network Type
Cellular V2X (C-V2X)
Dedicated Short Range Communication (DSRC)
by Communication Type
Vehicle-To-Vehicle (V2V)
Vehicle-To-Infrastructure (V2I)
By End-user
Commercial
Private
Some of the current players in the Connected Motorcycle Market are:
Europe
1. Bosch (Germany)
2. Continental AG (Germany)
3. BMW Motorrad (Germany)
4. Ducati Motor Holding S.p.A. (Italy)
5. Piaggio & C. S.p.A. (Italy)
6. MV Agusta Motor S.p.A. (Italy)
7. Triumph Motorcycles Ltd. (UK)
Asia Pacific
1. Yamaha Motor Co., Ltd. (Japan)
2. Honda Motor Co., Ltd. (Japan)
3. KTM AG (Austria)
4. Suzuki Motor Corporation (Japan)
5. Kawasaki Heavy Industries, Ltd. (Japan)
6. TVS Motor Company (India)
7. Hero MotoCorp Ltd. (India)
8. Royal Enfield (India)
9. Bajaj Auto Ltd. (India)
North America
1. Harley-Davidson, Inc. (USA)
2. Zero Motorcycles Inc. (USA)
3. Polaris Inc. (USA)
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Key Offerings:
- Past Market Size and Competitive Landscape
- Connected Motorcycle Market Size, Share, Size & Forecast by different segment
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Connected Motorcycle Market Segmentation – A detailed analysis by Product
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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