Connected Motorcycle Market

Global Connected Motorcycle Market is valued at USD 55 Million in 2021 and expected to reach USD 733.66 Million by 2028 with a CAGR of 44.8% over the forecast period.

Global Connected Motorcycle Market: Global Size, Trends, Competitive, And Historical & Forecast Analysis, 2022-2028: Consumer understanding of the security features provided by connected motorbikes, as well as technological advancements in connectivity, are projected to fuel market demand. Furthermore, rising smartphone use and internet prevalence are likely to drive market expansion all across the projected timeline.

Scope of Global Connected Motorcycle Market

The linked motorbike is a new concept that helps people travel about more wisely. Connectivity options for adding networking functions to a motorbike enhances its safety and makes it  more pleasant to ride. The connection technology monitors the linked motorcycle's security, convenience, and security aspects. Sophisticated light and heat administration, remote bike starter, pressure tracking, emergency alert, and other functions are included. Smartphones or audio players may be linked to the motorbike and used for navigational and music transmission. These gadgets may be controlled by the rider straight from the dashboards. The Network of Things platform is used in connected bikes (IoT). The Internet of Things is a system of internet-connected devices that can collect and transmit data over a wireless connection without human intervention. In connected bikes, IoT may be utilized in combination with sensor networks and big data to deliver real-time warnings and decrease road hazards. The linked motorbike handles recharging, ride information sharing, motorcycle status and alerts, and system changes and repairs.

The shortage of labor as a result of government-imposed lockdowns and halts in production activities at car manufacturing plants has had a significant influence on the connected motorbike industry. Furthermore, the COVID-19 pandemic is causing economic instability and decreased consumer demand, hampering new car purchases and non-essential car maintenance. Furthermore, vehicle companies with vast supply chains are suffering key component shortages and should consider developing other sourcing methods. Furthermore, the Tier-2 and Tier-3 suppliers functioning in the automobile supply chain are experiencing severe operational disruptions as a result of the decline in demand for autos.

The global Connected Motorcycle market is segmented based on the hardware, service, network, communication, end-use, and region & country level. Based on hardware, the global Connected Motorcycle market is segmented into Embedded, and Tethered. By service, the market is segmented into Driver Assistance, Vehicle Management & Telematics, Safety, Infotainment, and Insurance. By network type, the global Connected Motorcycle market is segmented into Cellular V2X (C-V2X) and Dedicated Short Range Communication (DSRC). By communication type, the global Connected Motorcycle market is segmented into Vehicle-To-Vehicle (V2V), and Vehicle-To-Infrastructure (V2I). By end-user, the global Connected Motorcycle market is segmented into private and commercial.

The regions covered in the global Connected Motorcycle market report are North America, Europe, Asia-Pacific, Latin America, and the rest of the World. Based on country level, the market of global Connected Motorcycle is sub divided into U.S., Mexico, Canada, U.K., France, Germany, China, Italy, India, Japan, Southeast Asia, Middle East Asia (Saudi Arabia, UAE, Egypt) GCC, Africa, etc.

Global Connected Motorcycle Market Segmentation

By Hardware:

• Embedded
• Tethered

By Service:

• Driver Assistance
• Vehicle Management & Telematics
• Safety
• Infotainment
• Insurance

By Network Type:

• Cellular V2X (C-V2X)
• Dedicated Short Range Communication (DSRC)

By Communication:

• Vehicle-To-Vehicle (V2V)
• Vehicle-To-Infrastructure (V2I)

By End-User:

• Private
• Commercial

Key Players of Global Connected Motorcycle Market

Some major key players for the global Connected Motorcycle market report cover prominent players like

• BMW GROUP
• TE Connectivity
• Telefónica S.A
• Vodafone Group
• HARMAN International
• Robert Bosch GmbH
• Starcom Systems Ltd
• Continental AG
• Panasonic Corporation
• Embien Technologies
• Aeris.
• e-Novia S.p.A
• Triumph Motorcycles
• DXC Technology Company
• KPIT
• Autotalks
• Kawasaki Motors Europe N.V.
• FACOMSA,
• Piaggio & C. SpA
• Cubic
• Zero Motorocycles

News

Ultraviolette Automotive Pvt Ltd Launched F77 bike line in India

On November 24^th, 2022; Ultraviolette Automotive Pvt Ltd, an electric vehicle company, debuted its F77 bike line in India. The motorcycles start at Rs 3.8 lakh and are available in three models: Airstrike, Shadow, and Laser, with the major distinction becoming the colours. The F77 motorcycles are available in two models: the F77, which has a distance of 206 kilometres, as well as the F77 Recon, that has a distance of 307 kilometres.

Matter Launched electric bike in India

On November 21^th, 2022; Matter introduced their electric bike in India equipped with 5kWh liquid-cooled batteries and a 14bhp liquid-cooled electric engine with 520Nm of torque. It is also the nation's first electrical bike with a four-speed transmission.

PURE EV Plans to Launch electric motorbike, the ecoDryft

On December 15^th, 2022; PURE EV, a Hyderabad-based electric two-wheeler (E2W) startup, is preparing to debut its first commuter electric motorbike, the ecoDryft, which has been entirely conceived, developed, and built in India. The price will be published in the first week of January 2023, and the corporation is preparing the necessary inventories in advance of the reservation window's opening.

Increasing Adoption of Internet of Things In Automobile Industry, Rising Growth of Bikes Worldwide, and Increasing Launch of Innovative Vehicles are Some of the Major Factors Driving the Market Growth

Connected bikes have a very complex technology that reads the route and alerts riders of congestion, potholes, building, obstructions, and road bends. The Linked Motorcycle Consortium (CMC) is a group of producers, distributors, academics, and others working together to make motorcycles a part of connected transportation. Furthermore, CMC is researching motorbikes intending to improve rider safety by reducing traffic fatalities. One of the key tasks of a connected motorbike is to notify riders when there is a risk of impending danger. For example, motorcycle approach indication (MAI), a security function in connected motorcycles, notifies the rider of an approaching motorbike even when the rider is unable to see the incoming motorcycle. Furthermore, a traffic jam warning (TJW) notifies cyclists of traffic jams, allowing them to choose an alternate route or lower their speed to avoid them. As a result, the number of features available in the connected motorbike industry is expected to increase.

The linked bikes are outfitted with IoT gadgets and motorized by artificial intelligence, which is a technological advancement outfitted with multiple electrical components and gadgets that can give easy find and navigate solutions and ultimately control the motorcycles' efficiency. Because of such modern constructions, it is creating high demand among consumers; hence, a surge in motorcycle sales throughout the globe is expected to affect industry development over the next several years. As an example: According to MarkLines Co. Ltd, India is the globe's largest manufacturer of two-wheelers. The two-wheel sector launch in India grew from 23.2 million units in 2018 to 24.5 million units in 2019 and is expected to climb to 50.6 million units by 2026. Furthermore, consumer shifts toward luxury bikes and the incorporation of safety and protection features in motorcycles are protuberant factors driving market expansion.

Europe is expected to Capture a Major Share in the Global Connected Motorcycle Market

Europe has a mature and well-established industry for motorbike connection technology. Robert Bosch GmbH, KTM AG, BMW AG, and Triumph Motorcycles all have substantial market positions in the area. BMW has introduced linked bikes in Europe, including the R 1250 GS, F 750 GS, R 1250 GS Adventure, and F 850 GS. Growing alliances and collaborations among significant firms have resulted in a rise in the regional market's acceptance of new technology.

Asia Pacific is likely to be the most appealing global market, with significant motorbike markets including India, Japan, Vietnam, China, the Philippines, and Indonesia. Moreover, rising disposable income increased acceptance of technological improvements, and increased sales of luxury bikes in the area are expected to drive regional market development during the projection period. Furthermore, the existence of Japanese motorbike manufacturers including Suzuki Motor Corporation, Kawasaki Heavy Industries Limited, Honda Motor Company Ltd., and Yamaha Motor Co., Ltd. in the area is projected to boost market expansion. Yamaha Motor Co., Ltd., for example, offered their TMAX DX and TMAX SX motorbikes with Vodafone connection services.

By Regional & Country Level:

North America

• U.S
• Canada

Europe

• U.K.
• France
• Germany
• Italy

Asia Pacific

• China
• Japan
• India
• Southeast Asia

Latin America

• Brazil
• Mexico

Middle East and Africa

• GCC
• Africa
• Rest of Middle East and Africa

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2021 - 2028
Market Size in 2021:	USD 55 Million
Base year considered	2021
Forecast Period CAGR %:	44.8%
Market Size Expected in 2028:	USD 733.66 Million
Tables, Charts & Figures:	175
Pages	300
Key Players/Companies	BMW GROUP, TE Connectivity., Telefónica S.A, Vodafone Group, HARMAN International., Robert Bosch GmbH, Starcom Systems Ltd., Continental AG, Panasonic Corporation, Embien Technologies India Pvt Ltd., Aeris., e-Novia S.p.A., Triumph Motorcycles, DXC Technology Company, KPIT, Autotalks, Kawasaki Motors Europe N.V., FACOMSA, Piaggio & C. SpA, Cubic, and Zero Motorocycles.
Segments Covered	By Hardware, By Service, By Network Type, By Communication, By End-User.
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa