Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 111.42 Million | USD 2670.69 Million | 42.33% | 2023 |
According to Zion Market Research, the global Connected Motorcycle Market was worth USD 111.42 Million in 2023. The market is forecast to reach USD 2670.69 Million by 2032, growing at a compound annual growth rate (CAGR) of 42.33% during the forecast period 2024-2032.
The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Connected Motorcycle industry over the next decade.
This report analyzes and estimates the Connected Motorcycle market at global, regional, and country level. The research study provides historic data from 2018 to 2022 along with forecast from 2024 to 2032 based on value (USD Million). The report offers detailed insights of the Connected Motorcycle market drivers and restraints along with their impact analysis at global level from 2024 to 2032.
The report covers in-depth analysis of the strategies adopted by major competitors in the global Connected Motorcycle market. To understand the competitive landscape in the global Connected Motorcycle market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.
Increasing consumer demand for high safety and driver assistance features in their motorcycles for a comfortable and safe drive is one of the primary factors anticipated to fuel the growth of the global Connected Motorcycle market. The mass commercialization of connected motorcycles along with the rising future availability of 5G technology will supplement the Connected Motorcycles market expansion.
Additionally, the increasing developments in OEMs in various regions, especially Japan, and the collaborations among myriad automotive industries are expected to propel the market expansion. Furthermore, the need for standardization of traffic flow in urban regions to decrease overcrowding and lessen fatal accidents is projected to bolster the demand for driver assistance services in motorcycles, thereby booming the Connected Motorcycle market during the forecast timeframe.
The partnering of governments of major countries with car manufacturers and road infrastructure developers for developing an intelligent traffic management system to analyze real-time information would help increase the sales of connected motorcycles across the globe. Moreover, the escalating demand for telematics-based vehicle management services is estimated to grow with an increasing preference for high-performance connected motorcycles.
The research study provides a decisive view on the global Connected Motorcycle market based on Service, Network Type, Communication Type, Hardware, Calling Service, End-User, and Region.
On the basis of service, the global Connected Motorcycle market is segregated into Driver Assistance, Safety, Vehicle Management & Telematics, Infotainment, and Insurance.
Based on network type, the market is segmented into Cellular V2X and Dedicated Short Range Communication.
In terms of communication type, the market for connected motorcycle is sectored into V2V and V2I.
By Hardware, the market is divided into Embedded and Tethered.
On the basis of calling service, the global Connected Motorcycle market is categorized into eCall, bCall, and iCall.
By end-user, the market is classified into Private and Commercial.
Report Attributes | Report Details |
---|---|
Report Name | Connected Motorcycle Market |
Market Size in 2023 | USD 111.42 Million |
Market Forecast in 2032 | USD 2670.69 Million |
Growth Rate | CAGR of 42.33% |
Number of Pages | 110 |
Key Companies Covered | Continental AG, Panasonic Corporation, TE Connectivity, BMW Motorrad, Robert Bosch GmbH, Starcom Systems, Autotalk, Vodafone, KPIT, and among others |
Segments Covered | By Service, By Hardware, By Network, By Communication And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
Some of the key players in the global Connected Motorcycle market are Continental AG
By Service Segmentation Analysis
By Hardware Segmentation Analysis
By Network Type Segmentation Analysis
By Communication Type Segmentation Analysis
By End-User Segmentation Analysis
By Calling Service Segmentation Analysis
By Regional Segmentation Analysis
FrequentlyAsked Questions
A motorcycle that is connected to the internet and other devices is one that is equipped with innovative communication technology. This connectivity facilitates the implementation of a variety of features and functionalities that are designed to improve the safety, convenience, and riding experience.
The adoption of connected motorcycles is being driven by the increasing demand for advanced safety features, such as collision detection and emergency response systems, and the increasing awareness of road safety.
According to Zion Market Research, the global Connected Motorcycle Market was worth USD 111.42 Million in 2023. The market is forecast to reach USD 2670.69 Million by 2032.
According to Zion Market Research, the global Connected Motorcycle Market a compound annual growth rate (CAGR) of 42.33% during the forecast period 2024-2032.
The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.
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