Global demand for the Connected Motorcycle market was valued over USD 39 Million in 2019 and is expected to reach a CAGR of 48.5% between 2019 and 2025.
This report analyzes and estimates the Connected Motorcycle market at global, regional, and country level. The research study provides historic data from 2015 to 2019 along with forecast from 2020 to 2025 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 2015 to 2025.
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.
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. All the segments of the market have been analyzed based on the past, present, and future trends. The market is estimated from 2019 to 2025.
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.
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. 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, Panasonic Corporation, TE Connectivity, BMW Motorrad, Robert Bosch GmbH, Starcom Systems, Autotalk, Vodafone, KPIT, and among others.
The report on the global Connected Motorcycle market is segmented into:
Global Connected Motorcycle Market: By Service Segmentation Analysis
Global Connected Motorcycle Market: By Hardware Segmentation Analysis
Global Connected Motorcycle Market: By Network Type Segmentation Analysis
Global Connected Motorcycle Market: By Communication Type Segmentation Analysis
Global Connected Motorcycle Market: By End-User Segmentation Analysis
Global Connected Motorcycle Market: By Calling Service Segmentation Analysis
Global Connected Motorcycle Market: By Regional Segmentation Analysis