Global Connected Motorcycles Market (2022 to 2027): Advances in Connectivity (Cloud and 5G) and Consumer Demand for Smartphone Integration and Digital Dashboards Drive Growth

DUBLIN, April 01, 2022–(BUSINESS WIRE)–The “global connected motorcycle market by service (driver assistance, safety, vehicle management and telematics, infotainment, insurance), network (cellular, DSRC), call service (eCall , bCall), End User, Communication, Hardware and Region Report – Forecast to 2027” has been added to from ResearchAndMarkets.com offer.

The global connected motorcycle market size is expected to grow from USD 55 Million in 2021 to USD 757 Million by 2027, growing at a CAGR of 54.7%. Factors such as growing demand for connectivity devices in motorcycles, measures taken by governments to improve the safety of motorcyclists, increased demand for real-time vehicle dynamics and motorcycle tracking have increased the demand for motorcycles connected in the world. Growing demand for services such as driver behavior recording and usage-based insurance will further increase the demand for connected motorcycle technology.

Embedded Segment Expected to Be Largest Hardware Segment Market in Forecast

The built-in connectivity system can provide advanced security features that require on-board GPS, cellular connectivity, and a superior control unit to be reliable. For example, Motorcycle Approach Indication (MAI) is a key feature for motorcyclists. This functionality is highly dependent on accurate on-board GPS unit and fast communication systems. Embedded hardware is superior to connected hardware. For real-time security features, connectivity systems cannot depend on smartphones or any other inferior dongle. Therefore, in-vehicle hardware will be a preferred choice of motorcycle manufacturers to deliver reliable safety features in the future.

Asia-Pacific is expected to be the fastest growing market over the forecast period

The Asia-Pacific region includes major motorcycle markets such as China, India, Indonesia, the Philippines and Vietnam. The region accounted for more than 90% of global motorcycle sales in 2020. With two-wheelers being a preferred mode of transportation due to their affordability and low maintenance, Asian countries such as India, Thailand, India Indonesia and Vietnam have strong motorcycle penetration. . Motorcycles in the middle and economy segments dominate the market in these countries. However, with a steady increase in disposable income and a growing demand for high-performance motorcycles, the region has attracted a number of high-end motorcycle manufacturers.

The region is home to some of the most innovative motorcycle manufacturers, such as Honda, Kawasaki, Yamaha and Suzuki. These OEMs actively participate in the Connected Motorcycle Consortium to develop connectivity services for motorcycles. They have already launched successful motorcycles in the budget segment with connectivity features.

The region is also home to some of the best connected motorcycle software providers in the world. Companies like Delphi Automotive, Infineon Technologies and KPIT have been working to develop automotive technologies including connected mobility and autonomous technology. This has increased the demand for connected mobility devices in the APAC region. Increasing collaborations to provide a safe and comfortable riding experience will drive the adoption of connected motorcycles in the region.

The high volume of motorcycle sales would drive the growth of the connected motorcycle market in the Asia-Pacific region. With a low percentage of connected motorcycles over the years, the Asia-Pacific market would easily overtake other markets due to high sales of two-wheelers in the coming years. Additionally, international motorcycle manufacturers have entered this regional market and introduced sport and adventure motorcycles with large displacement engines. Rising millennial preference for high performance motorcycles and changing lifestyles would drive the market growth in this region.

North America will be the largest region from 2021 and one of the largest regions during the forecast period

The North American automotive industry is one of the most advanced industries in the world. The North American Free Trade Agreement (NAFTA) has encouraged the growth of the automotive industry in the region. The United States, which has traditionally been a global technology leader, is the largest premium motorcycle market in North America. The large customer base and high levels of disposable income in the country have fueled the demand for adventure and sport motorcycles. Growing demand for premium segment motorcycles would drive the market for connected motorcycles in the future. OEMs are constantly looking for measures to provide a comfortable riding experience in this segment of motorcycles. The inclusion of connectivity systems in this segment would facilitate driver assistance and vehicle management services in the initial phase.

OEMs like Harley Davidson, Zero Motorcycles, and Indian Motorcycle have developed connected motorcycles for the North American market. Harley Davidson, for example, launched its LiveWire EV motorcycle in the North American market in July 2021. Indian Motorcycle also has its connected motorcycle app called Ride Command, which can work with its connected motorcycles. His Scout, FTR Rally, Chief Dark Horse, Indian Springfield and Roadmaster come with this Ride Command app.

Additionally, Zero Motorcycles provides connected motorcycles like SR/F, which comes with a Helios vehicle tracking system developed by Starcom Systems and Facomsa Instrument Cluster. Its SR/S smart motorcycle has become the world’s first smart motorcycle, while its SR model also comes with advanced connectivity features. The presence of top software vendors, service platform providers and network providers in this region has also increased the demand for connected motorcycles. These companies have supported the growth of the connected motorcycle ecosystem through partnerships with OEMs and hardware suppliers across the value chain.

Market dynamics

Drivers

  • Adoption of safety and security features

  • Consumer shift to high-end motorcycles

  • Increased focus on superior performance and real-time diagnostics

  • Rise in demand for connected vehicles for use in fleets and motorcycle rentals

Constraints

  • Lack of connected standards and uniform platform

  • Lack of IoT-enabled infrastructure

  • Lack of connectivity in many areas of small towns and outskirts

Opportunities

  • Advances in connectivity (Cloud and 5G)

  • Consumer demand for smartphone integration and digital dashboards

  • Government initiatives for smart cities and intelligent transport systems

  • Development of IoT and connected vehicle technology

Challenges

Companies cited

  • Aeris

  • Airtel

  • Amazon

  • Amodo

  • Apple

  • Autotalks

  • Benelli

  • Bluarmor

  • BMW Group

  • Bosch

  • Calimoto

  • China Telecom

  • Cobi.Bike

  • Comodule

  • Competition

  • Continental AG

  • Cosmo Connected

  • Ducati

  • Dxc Technology

  • Embien Technologies

  • E Novia

  • Facomsa

  • google

  • Harley-Davidson

  • Harman

  • Motocorp Heroes

  • Honda engines

  • Iav

  • IBM

  • indian motorcycle

  • Ituran

  • Kawasaki

  • Kpit

  • KtmAg

  • Nav Info

  • Nvidia

  • Nxp

  • panasonic

  • Qualcomm

  • To drive

  • Royal Enfield

  • Sena Technologies

  • Sheeva.Ai

  • Sibros

  • Siemens

  • Starcom Systems

  • Suzuki Motor Corporation

  • Connectivity

  • Telefonica

  • Teltonika

  • The flow

  • TomTom

  • Tork Motors

  • Triumph Motorcycles

  • TV motors

  • Twilio

  • Verizon

  • Vodafone

  • Yamaha Motor Company

  • Zero Motorcycles

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

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220401005258/en/

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