Connected Motorcycle Market: Global Industry Analysis and Forecast (2024-2030) by Network Type, Hardware, Communication Type, End User, Services, and Region

Connected Motorcycle Market Overview:

Connected motorcycles can be described as an innovation introduced to provide customers with intelligent and smart mobility. In addition, the connection solution is used to provide the motorcycle network function, which makes the motorcycle ride quality much safer and more convenient. In addition, the connected system of the connected motorcycle monitor controls safety, comfort and security features such as advanced light and heat management, keyless bike start-up, tire pressure monitoring and emergency calls. One can pair devices such as smartphones and audio players with your vehicle to navigate and stream audio that the driver can control directly from the dashboard. Connected Motorcycle market is expected to register CAGR of 51.38% during the forecast period.

 

 

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Connected Motorcycle Market Dynamics:

The connected motorcycle market is driven by factors such as increased global sales of premium motorcycles, increased demand for motorcycle safety and driver assistance, and increased demand for motorcycle usage-based insurance and infotainment systems. Demand for motorcycles is promoted. Motorcycle rider safety regulations planned around the world will also boost the market.

 

Increasing Safety and Security Feature Adoption Rate:

 

Different types of motorcycles, such as cruisers, adventure bikes, scooters, and sport bikes, have different levels of performance, stability, handling, and control. Riders need to be agile and vigilant, as motorcycles provide little protection in the event of an accident. Motorcycle accidents have become a major concern for OEMs, governments and road safety agencies. For example, in the United States, motorcycles make up 34% of all road fatalities. According to NHTSA, of the 5,458 accidents in the United States in 2020, 76% were drivers and 24% were passengers. Collisions with fixed objects are another major concern for governments and motorcyclists. In addition, in 2020, 34% of motorcycles had fatal crashes involving fixed objects due to driver errors such as: Speed violation, cornering, driving in a corner due to speed violation, or falling due to overbrake. These increased safety and security features are fueling connected motorcycle market growth.

 

According to NHTSA, motorcycles are more than 10 times more likely to have an accident than computers and light trucks, based on the number of vehicles they drive. According to the Connected Motorcycle Consortium, half of all accidents are caused by other drivers. OEMs such as BMW Motorrad, Honda, Yamaha, KTM, Kawasaki and Triumph have joined the consortium to develop motorcycle safety features. In the first phase, features such as low-speed or stationary vehicle warnings, road construction warnings, and electronic emergency brake lights were introduced in 2020. Other advanced features such as left turn assist, intersection motion assist, motorcycle proximity indicators, overtaking alerts, lane change alerts, and blind spot alerts will be rolled out in the next phase. All of these features require reliable and advanced V2V and V2I connectivity services. The inclusion of safety features in future bikes will increase the demand for connectivity services and other related components and software platforms. The consortium is currently working on 16 projects, including technologies and applications for the connected motorcycle market.

Prevalence of 5G: New Opportunities across the Market:

 

5G may be described as fifth technology of cellular community and is a brand new worldwide popular for wi-fi connectivity after 1G, 2G, 3G, and 4G. In addition, 5G community affords a brand new type of community this is designed to link the whole thing and anybody collectively consisting of objects, machines, and devices. Adoption of 5G in linked mobility allows greater dependable communique and provide stepped forward protection of linked bike and clever cities. Moreover, 5G era remarkably reduces latency through round one millisecond over the air, presenting greater responsive tool requests. In addition, adoption of 5G era is expected to create financial advantages as well. For instance, in step with a observe through 5G Automotive Association, Cooperative Intelligent Transport Systems (C-ITS) deployment ought to offer Europe with round €45 million through the 12 months 2035, out of which maximum advantages are generated from superior street protection and visitors efficiency. Thus, incorporation of 5G connectivity to energy linked mobility holds a extraordinary boom possibility for gamers working withinside the connected motorcycle market.

 

Lack of a unified platform with connected standards:

 

Motorcycle connection standards are limited. For V2I or V2V communication, interoperability requires harmonious technical standards, so a standard communication or connection platform is required to provide a seamless and reliable connection. In October 2019, the Car2Car Communication Consortium will be held in Germany, Slovenia, Spain, Portugal, France, the Netherlands and the United Kingdom. In the first phase, the consortium provided initial services such as road construction warnings (RWW), in-vehicle signs (IVS), other hazardous location notifications (OHLN), and Greenlight Optimal Speed ??Advisory (GLOSA). These systems have not yet addressed key user privacy concerns in Europe.

 

 

E-Calling: New feature Segment is on the rise in the market:

 

The E Call system includes components such as the positioning system "GPS [Global Positioning System] / GLONASS [Global Navigation Satellite System]" and the communication system "GSM [Global System for Mobile Communication]". , And electronic control unit. As soon as the vehicle sensor detects a collision or collision, the system will automatically dial the emergency number and contact the nearest emergency call center. The system also collects a minimal set of data such as the time of the accident, the exact location and description of the vehicle involved in the accident. If the driver wants to contact the emergency call center, he can manually trigger the E Call feature. This system is designed to increase your chances of surviving a fatal accident. E Call service providers must comply with data protection regulations. According to future EU regulations, the European E Call service will only be active in the event of an accident. As a result, the system cannot always track the vehicle. The E Call service is beneficial for motorcyclists as vulnerable road users and major helps in the connected motorcycle market growth.

 

Safety Services: Key Growth Segment:

 

The protection capabilities in linked bikes act as a protection for the rider with the aid of using offering higher protection and stopping street mishaps. The growing range of automobiles on the street is one of the motives for growing street accidents. This has generated call for for warn and alert structures to inform the riders concerning the growing velocity or every other malfunctioning vehicle, which may be a likely cause for the accident.

 

• In 2019, Ducati, alongside Audi and Ford, exhibited Vehicle-to-Vehicle (V2V), Vehicle-to-Pedestrian (V2P), and Vehicle-to-Infrastructure (V2I) protection capabilities on Ducati Multi Strada 1260.
• In April 2021, Minda Corporation Limited partnered with Ride Vision to apply Artificial Intelligence-enabled Collision Avoidance Systems to be carried out withinside the Indian motorbike market.

 

Connected Motorcycle Market Regional Insights:

The Asia Pacific connected motorcycle market contains essential bike industries inclusive of China, India, Indonesia, the Philippines, and Vietnam. The area accounted for greater than 90% of the worldwide bike income in 2020. As two-wheelers are a desired mode of transportation because of affordability and coffee maintenance, Asian international locations inclusive of India, Thailand, Indonesia, and Vietnam have a excessive bike penetration. Mid and finances-phase bikes dominate the marketplace in those international locations. However, with a consistent growth in disposable profits and growing call for for excessive-overall performance bikes, the area has attracted some of top rate bike manufacturers.

 

The area is domestic to a number of the maximum revolutionary bike manufacturers, inclusive of Honda, Kawasaki, Yamaha, and Suzuki. These OEMs are taking energetic participation withinside the Connected Motorcycle Consortium to expand connectivity offerings for bikes. They have already released bestselling bikes withinside the finances phase with connectivity functions. For instance, in October 2020, Yamaha released its unique version FZS-FI bike which comes with the Connect-X linked bike application. Kawasaki additionally released its new linked bike, the Z 650 in May 2020. It comes with a 649-cc drivetrain and liquid-cooled four stroke dual engines. Similarly, in September 2021, Suzuki released GTX 1000, which comes with the Bosch evolved mySPIN linked automobile application. The app gives functions like course sharing, climate control, and navigation control, amongst others.

 

The area is likewise domestic to a number of the pinnacle linked bike software program companies withinside the world. Companies like Delphi Automotive, Infineon Technologies, and KPIT were running to expand automobile technology which includes linked mobility and independent technology. This has expanded the call for linked mobility gadgets withinside the APAC area. Increasing collaborations to offer a secure and cushy driving enjoy will improve the adoption of linked bikes withinside the area.

 

The objective of the report is to present a comprehensive analysis of the Connected Motorcycle Market to the stakeholders in the industry. The report provides trends that are most dominant in the Connected Motorcycle Market and how these trends will influence new business investments and market development throughout the forecast period. The report also aids in the comprehension of the Connected Motorcycle Market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

 

The qualitative and quantitative data provided in the Connected Motorcycle Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Connected Motorcycle Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the global market.

 

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Connected Motorcycle Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

 

The report also includes a PESTEL Analysis, which aids in the development of company strategies. Political variables help in figuring out how much a government can influence the Market. Economic variables aid in the analysis of economic performance drivers that have an impact on the Market. Understanding the impact of the surrounding environment and the influence of environmental concerns on the Connected Motorcycle Market is aided by legal factors.

 

Connected Motorcycle Market Scope:

Connected Motorcycle Market Scope
Market Size in 2023	USD 289.30 Mn.
Market Size in 2030	USD 5270.25 Mn.
CAGR (2024-2030)	51.38%
Historic Data	2018-2022
Base Year	2023
Forecast Period	2024-2030
Segment Scope	by Hardware Concrete Mixer Truck Refuse Collection Truck Street Sweeper Winter Maintenance Vehicle Fuel Tankers Ambulances Other
	by Communication Type      • V2I      • V2V
	by End User         • Commercial         • Private
	by Services Entertainment Well-being Vehicle management Mobility management Driver assistance Safety
Regional Scope	North America- United States, Canada, and Mexico Europe – UK, France, Germany, Italy, Spain, Sweden, Austria, and Rest of Europe Asia Pacific – China, India, Japan, South Korea, Australia, ASEAN, Rest of APAC Middle East and Africa - South Africa, GCC, Egypt, Nigeria, Rest of the Middle East and Africa South America – Brazil, Argentina, Rest of South America

 

Connected Motorcycle Market Players:

• Yamaha (Japan)
• Suzuki (Japan)
• Kawasaki (Japan)
• BMW (Germany)
• Harley Davidson (US)
• AERIS (India)
• AUTOTALKS LTD. (Israel)
• HERO MOTOCORP LTD (India)
• KTM AG (PIERER Mobility AG) (Germany)
• ROBERT BOSCH GmbH (Germany)
• TRIUMPH MOTORCYCLES (United Kingdom)
• TE Connectivity (Switzerland)
• Continental AG (Germany)
• KPIT Technologies Ltd. (India)