DUBLIN--(BUSINESS WIRE)--Jan 3, 2023--

The “Connected Motorcycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.

The global connected motorcycle market size reached US$ 62.8 Million in 2021. Looking forward, the publisher expects the market to reach US$ 523.6 Million by 2027, exhibiting a CAGR of 42.4% during 2021-2027.

Companies Mentioned

• Aeris
• Autotalks Ltd.
• BMW AG
• Continental AG
• DXC Technology Company
• Facomsa
• IAV
• KPIT Technologies Ltd
• Panasonic Corporation
• Robert Bosch GmbH
• Starcom Systems Ltd
• TE Connectivity

Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

A connected motorcycle is an intelligent mobility solution that connects riders to the telematics control unit (TCU) through a cellular connection. It has a highly advanced system that alerts the rider about traffic conditions, potholes, road curves, oil level, tire pressure, and battery life.

It also enables remote monitoring by tracking stolen vehicles, collecting data for performance analytics, and offering operational information, roadside assistance, and over-the-air (OTA) updates. At present, a considerable rise in the number of road accidents is escalating the demand for connected motorcycles worldwide to enhance driver safety.

The growing emphasis on driver safety and the increasing demand for a comfortable and safe riding experience are among the leading factors influencing the adoption of connected motorcycles for advanced assistance features. Moreover, road safety authorities worldwide are undertaking several initiatives to minimize fatal road accidents.

This, along with the increasing reliance on smartphones and the rising deployment of 5G networks, is contributing to the market growth. Furthermore, app developers are creating two-wheeler-specific applications that provide motorcycle status, tamper alerts, and vehicle location.

They also include automatic collision notification, remote diagnostics, and maintenance reminders. Apart from this, the leading players are integrating smart sensors, big data, and the Internet of Things (IoT) technologies to measure health and deliver real-time warnings to riders. They are also focusing on improving the safety, reliability, efficiency, and convenience of vehicle connectivity systems.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global connected motorcycle market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on service, hardware, network type and end user.

Breakup by Service:

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

Breakup by Hardware:

• Embedded
• Tethered

Breakup by Network Type:

• Cellular V2X
• Dedicated Short Range Communication

Breakup by End User:

• Private
• Commercial

Breakup by Region:

North America

• United States
• Canada

Asia-Pacific

• China
• Japan
• India
• South Korea
• Australia
• Indonesia
• Others

Europe

• Germany
• France
• United Kingdom
• Italy
• Spain
• Russia
• Others

Latin America

• Brazil
• Mexico
• Others
• Middle East and Africa

Key Questions Answered in This Report:

• How has the global connected motorcycle market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global connected motorcycle market?
• What are the key regional markets?
• What is the breakup of the market based on the service?
• What is the breakup of the market based on the hardware?
• What is the breakup of the market based on the network type?
• What is the breakup of the market based on the end user?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global connected motorcycle market and who are the key players?
• What is the degree of competition in the industry?

For more information about this report visit https://www.researchandmarkets.com/r/xiokai

View source version on businesswire.com:https://www.businesswire.com/news/home/20230103005595/en/

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KEYWORD:

INDUSTRY KEYWORD: MOTORCYCLES SOFTWARE AUTOMOTIVE OTHER AUTOMOTIVE TECHNOLOGY IOT (INTERNET OF THINGS) VEHICLE TECHNOLOGY MOBILE/WIRELESS

SOURCE: Research and Markets

Copyright Business Wire 2023.

PUB: 01/03/2023 10:53 AM/DISC: 01/03/2023 10:53 AM

http://www.businesswire.com/news/home/20230103005595/en