Connected Motorcycle Market By Hardware (Embedded and Tethered); Network Type (Cellular V2X and Dedicated short range communication); Communication Type (V2V and V2I): Global Market Size Estimates and Forecast (2022-2030)

Code: BMIRE00026579 | Pages: 100 | Industry: Automotive and Transportation | Date: Oct 2022 | Type: Global

The market crossed US$ 0.05 billion mark in 2022 and is expected to hit US$ 0.7 billion by 2030, recording a CAGR of 54.7% during the forecast period.

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Connected Motorcycle Market is rising with Surging demand for safety and security features.

Motorcycles, such as cruisers, adventure bikes, scooters, and sports motorcycles, have distinct tiers of performance, stability, handling, and controls. Riders need to be agile and alert while riding, as motorcycles provide little protection in case of an accident. Motorcycle injuries have grown to be a chief challenge for OEMs in addition to authorities and avenue protection authorities. For instance, in the US, motorcyclists contain 34% of all traffic fatalities. According to NHTSA, in 2020, out of 5,458 injuries withinside the US, 76% had been riders, and 24% had been passengers. The collision with constant gadgets is the other most important challenge for governments and motorcyclists. Further, in 2020, 34% of the bikes had deadly crashes with constant gadgets because of rider errors, including overspeeding, beneath neath cornering, going for walks extensively on a curve because of extra speed, or a fall due to over braking.

The Connected Motorcycle Market is experiencing a rise in Embedded Segment

The embedded connectivity system can deliver advanced safety components that require onboard GPS, cellular connectivity, and superior control unit to be reliable. For example, Motorcycle Approach Indication (MAI) is a key feature for riders. This feature depends heavily on the accurate onboard GPS unit and fast communication systems. Embedded hardware is superior to tethered hardware. For real-time security features, connectivity methods cannot depend on smartphones or any other inferior quality dongles. Hence, embedded hardware will be a select choice of motorcycle works to offer reliable safety features in the future.

Advancements in connectivity (cloud & 5G) is one of the Major Factors Accelerating Connected Motorcycle Market growth.

With growing technical developments in cloud platforms and the availability of 5G networks, intelligent instrument groups are expected to become a common feature in the premium two-wheeler segment. The availability of a fast and reliable 5G network enables OEMs to process a large volume of real-time data on the cloud. For instance, if a connected car applies brakes or lowers the speed suddenly, the connected motorcycle behind must anticipate that event on time so the rider can act quickly. Also, other security features such as brake assistance and collision warning analyze data that demands higher bandwidth and low latency cellular connectivity for properly functioning safety features.

Recent strategic developments in the Connected Motorcycle Market

The Connected Motorcycle market has undergone several significant developments, and a few of these have been mentioned below:

  • In October 2021, Ituran partnered with MD-Go to expand fleet connectivity solutions. Ituran will deliver vehicle tracking and navigation control parts for the fleet vehicle systems of MD-Go.
  • In November 2021, Continental AG partnered with Sennheiser to develop an AI-based collision warning system for motorcycles as part of its security division for related motorcycles. Both companies also received the CLEPA invention award for this development in 2021.

Several players drive the Connected Motorcycle market by implementing strategic activities such as investments, new launches, mergers & acquisitions, and partnerships. Aeris; Autotalks Ltd; BMW AG; Continental AG; E-Novia; KPIT; Panasonic Corporation; Robert Bosch GmbH; Triumph Motorcycles; Vodafone Limited. are among the prominent players operating in the Connected Motorcycle Market.

The target audience for the report:

  • Raw material providers
  • Connected Motorcycle Manufacturers
  • Connected Motorcycle service providers
  • Lawn Mowe-related associations, organizations, forums, and alliances
  • Government bodies, such as regulating authorities and policymakers
  • Venture capitalists, private equity firms, and start-up companies
  • Connected Motorcycle component suppliers
  • Connected Motorcycle and components distributors and sales firms
  • End users of Electric Vehicle
  • Research institutes, organizations, and consulting companies

Scope of the report:

In this report, the Connected Motorcycle market has been segmented based on:

  • By Hardware:
  • Embedded
  • Tethered.
  • By Network Type :
  • Cellular V2X
  • Dedicated short range communication.
  • By Communication Type :
  • V2V
  • V2I
  • Region
    • North America
    • Europe
    • Asia Pacific (APAC)
    • Rest of the World
  • Companies profiled
    •   Aeris
    •   Autotalks Ltd
    •   BMW AG
    •   Continental AG
    •   E-Novia
    •   KPIT
    •   Panasonic Corporation
    •   Robert Bosch GmbH
    •   Triumph Motorcycles
    •   Vodafone Limited.

The List of Companies
- Aeris
- Autotalks Ltd
- Continental AG
- E-Novia
- Panasonic Corporation
- Robert Bosch GmbH
- Triumph Motorcycles
- Vodafone Limited.

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