The Global Connected Motorcycle Market Report is a compilation of comprehensive research studies of various aspects of the Connected Motorcycle Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Connected Motorcycle market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Connected Motorcycle market and how they will evolve in the years to come.
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In terms of revenue, the U.S. connected motorcycle market was valued at US$ 9.72 Mn in 2022 and is expected to be worth US$ 204.45 Mn by 2030, growing at a CAGR of 40.4% over the forecast period.. Key Players: Continental AG, KPIT Technologies Ltd., Panasonic Corporation, Robert Bosch GmbH, Starcom Systems Ltd and Vodafone Group Plc amongst others.
One of the greatest gifts of the industrial revolution was the mass production of automobiles. The transformation from carts to automobiles enabled businesses and individuals to save countless hours during commutation and transportation of goods. Furthermore, with the development of two-wheelers or motorcycles, consumers have been able to save on fuel and be provided with a convenient mode for shorter travels. The first internal combustion engine motorcycle was manufactured by Germany engineers, Gottlieb Daimler and Wilhelm Maybach, in 1885. Since then, motorcycles have become extremely popular in regions like India, Malaysia, Indonesia, etc.
Estimates show that around 58% of the total number of motorcycles are concentrated in the Asia Pacific region. Government regulations now promote the use of advanced safety measures in automobiles and motorcycles. In India, for instance, crash guards in motorcycles have been mandated by the Motor Vehicle Department, and the manufacturers have to ensure the same before selling the motorcycles to the customers. World War 2 caused a spike in the use of motorcycles within the military sector. Royal Enfield, for instance, manufactured thousands of motorcycles equipped with specialized military gear to help in easier maneuvers in tricky terrains in Europe. The company’s Flying Flea, for instance, was part of the English fleet during World War 2 battles such as D-Day and Arnhem.
The rising popularity of motor vehicles has encouraged the manufacturers to incorporate technological innovations, in order to help the consumers have a seamless and safe journey. One such innovation is that of IoT-enabled motorcycles that can communicate with the riders. Similar to the concept of connected automobiles by companies such as BMW, Mercedes, Audi, etc., connected motorcycles are being equipped with advanced sensors that send data related to battery health, pollution figures, fuel level, speed levels, etc., directly to the consumer’s smartphone. The rapid proliferation of smart devices is helping in the growth of the U.S., Europe, and the Asia Pacific connected motorcycle market. In the U.S., for instance, studies show that around 20% of the riders make use of smartphones during commutation. In Australia, the number is as high as 25%. The use of smartphones is predominantly for navigation purposes. Furthermore, advancement in chip manufacturing technology is enabling OEMs to embed chips in motorcycles and generate insights from the vehicles. The higher demand from the consumers for connected motorcycles as a result of the growth of IoT in the automotive industry is playing a major role in the growth of the U.S., Europe, and the Asia Pacific connected motorcycle market.
COVID-19 has impacted businesses and consumers all over the globe. Social distancing norms have been enforced by various government bodies to curb the spread of the virus. As a result of the prevailing health risks during group travel, personal mobility options are expected to see considerable growth during the coming years. The manufacturers of connected two-wheelers are capturing more consumers by providing lucrative financing options such as monthly instalments. The U.S., Europe, and the Asia Pacific connected motorcycle market is an attractive investment option post the Coronavirus pandemic.
U.S., Europe and Asia Pacific Connected Motorcycle Market:
- By Hardware
- By Service
- Driver Assistance
- Vehicle management & telematics
- By End User
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
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