Connected Motorcycle Market by Service (Driver Assistance, Safety, Vehicle Management & Telematics, Infotainment, Insurance), Network (Cellular, DSRC), Calling Service (eCall, bCall), End User, Communication, Hardware, and Region – Global Forecast to 2027

2020-01-13
Price :
Published : Jan-2020
No. of Pages : 172

“The increasing focus on safety and driver assistance features is driving the growth of the connected motorcycle market.”

The global connected motorcycle market is projected to grow from USD 39 million in 2019 to USD 912 million by 2027, at a CAGR of 48.3%. The market is driven by the rising demand for safety and comfort of motorcyclists. Increasing initiatives by motorcycle manufacturers and road safety authorities to minimize fatal road accidents would increase the demand for connected safety features. OEMs are proactively including advanced rider assistance systems in their upcoming motorcycles to increase rider safety. Existing safety systems such as motorcycle stability control can be more effective if these systems can communicate with other road users to provide scenario-based safety features for motorcyclists. Asia Pacific is estimated to lead the connected motorcycle industry due to increasing motorcycle sales in the region.

“Demand for vehicle management & telematics services is likely to drive the growth of the connected motorcycle market during the forecast period.”

The demand for vehicle management solutions would increase during the forecast period due to the wide usage of low-cost Bluetooth modules in automotive and need for easy access to electric motorcycle battery status and timely diagnosis of high-performance engines. Low-cost Bluetooth modules can be easily integrated into budget segment motorcycles. Hence, connectivity services are not limited to high-end premium motorcycles. Budget motorcycles would offer limited but essential services to attract new customers. Also, electric motorcycles now have features that allow riders track real-time battery status and plan their trip accordingly.

“Asia Pacific connected motorcycle market is expected to grow at the highest CAGR during the forecast period.”

The Asia Pacific region comprises major motorcycle markets such as China, India, Indonesia, Philippines, and Vietnam. The region accounted for more than 90% of the global motorcycle sales in 2018. As two-wheelers are a preferred mode of transportation due to affordability and low maintenance, Asian countries such as India, Thailand, Indonesia, and Vietnam have a high motorcycle penetration. Mid and budget segment motorcycles dominate the market in these countries. However, with a steady increase in disposable income and rising demand for high-performance motorcycles, the region has attracted a number of premium motorcycle manufacturers. The region is home to some of the most innovative motorcycle manufacturers such as Honda, Kawasaki, Yamaha, and Suzuki. These OEMs are taking active participation in the Connected Motorcycle Consortium to develop connectivity services for motorcycles. Increasing collaborations to provide a safe and comfortable riding experience will boost the adoption of connected motorcycles in the region.

“Europe is estimated to be the largest connected motorcycle market in 2019.”

Europe is estimated to be the largest market for connected motorcycles in 2019. Leading OEMs such as BMW Motor rad and Triumph Motorcycles have introduced connected motorcycles. These companies plan to launch an increasing number of connected motorcycles in 2020. Triumph Motorcycles plans to introduce connectivity services in upcoming models such as Street Triple RS, Tiger 900 GT, Street Triple R& RS, and Speed Triple S & RS.

The growth of connected motorcycle market in Europe can be attributed to several innovations and presence of premium motorcycle manufacturers in this region. Europe home to OEMs such as BMW Motorrad, Triumph Motorcycles, and KTM and component manufacturers such as Continental AG and Robert Bosch GmbH. These manufacturers have collaborated to develop connected motorcycles. BMW has already launched connected motorcycles such as F 750 GS, F 850 GS, R 1250 GS, and R 1250 GS Adventure in the European market. Other manufacturers are expected to follow suit with their connectivity services offerings.

In-depth interviews were conducted with CEOs, marketing directors, innovation and technology directors, and executives from various key organizations operating in the connected motorcycle market.

  • By Company Type: OEMs – 21%, Tier I – 69%,and Tier II& III – 10%,
  • By Designation: CXOs – 31%, Manager – 49%,and Executives – 20%
  • By Region: North America – 42%, Asia Pacific – 27%, Europe – 21%, LATAM -6%, and Rest of the World- 4%

The connected motorcycle market comprises major manufacturers and service providers such as Panasonic Corporation (Japan), Robert Bosch GmbH (Germany), Vodafone (UK), Starcom Systems (UK), and Continental AG (Germany).

Research Coverage:

The study covers the connected motorcycle market across various segments. It aims at estimating the market size and future growth potential of this market across different segments such as service, hardware, communication type, network type, calling service, end user, and region. The study also includes an in-depth competitive analysis of key players in the market, along with their company profiles, key observations related to product and business offerings, recent developments, and acquisitions.

Key Benefits of Buying the Report:

The report will help leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall connected motorcycle market. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Filed in: Automotive
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

Automotive Fuel Cell Market by Component (Fuel Processor, Fuel Stack, Power Conditioner, Air Compressor, Humidifier), Power Output (< 150kW, 150–250kW, >250kW), H2 Fuel Station, Vehicle Type (PC, LCV, Truck, Bus), and Region – Global Forecast 2028

“Government initiatives in R&D of hydrogen infrastructure and fuel cell cost reduction are likely to propel the automotive fuel cell market” The autmotive fuel cell market is estimated to be 13.6 thousand units in 2020 and projected to grow at aCAGR of 69.7% during the forecast period (2020–2028), to reach 932.6 thousand units by 2028.Due to the changing global climate and increasing global warming, governments are taking initiatives to create clean energy sources. Governments are increasingly investing in alternative sources of energy such as fuel cells. As fuel cells emit no greenhouse gases (GHG) and pollutants, they can impact the environment positively. Thus, governments are taking initiatives, making investments, and promoting the use of fuel cells. Along with the develo......
$5650

Command and Control Systems Market by Application (Government & Defense, and Commercial), Solution (Hardware, Software, Services), Platform (Land, Airborne, Maritime, and Space), Installation Type, Installation Base, and Region–Global Forecast to 2025

Wide adoption of cloud computing and data storage solutions for C2, increased use of AI, among others, are expected to fuel the growth of the command and control systems market across the globe. The global command and control systems market size is projected to grow from USD 33.0 billion in 2019 to USD 43.9 billion by 2025, at a CAGR of 4.9% from 2019 to 2025. Some of the factors that are expected to fuel the growth of the command and control systems industry are modernizing existing military infrastructure, the need for situational awareness to drive operations, and increased use of battle management systems, among others. However, the high cost for the development and maintenance of command and control systems and subsystems are restraining the market growth. The new installation s......
$5650

Aviation Blockchain Market by End Market (Airports, Airlines, MRO, Manufacturers, Lessors), Application (Smart Contracts, Supply Chain Management, Aircraft Maintenance, Cargo & Baggage Tracking), Deployment, Function, Region – Global Forecast to 2025

Increased transparency and traceability of business operations is one of the major factors driving the aviation blockchain market growth. The aviation blockchain market is projected to grow from USD 421 million in 2019 to USD 1,394 million by 2025, at a CAGR of 22.1% during the forecast period. The aviation blockchain market is growing at a significant pace during the forecast period. Blockchain enables stakeholders of the aviation industry to share a decentralized digital ledger which stores flight data and supply chain data of airlines. It also facilitates smoother and efficient operations that lead to cost savings. Improved passenger experience, increased transparency and traceability of operations, and reduced maintenance cost and transactional complexities are some of the factors d......
$5650

Electric Powertrain Market by Component (Motor, 12V, HV/48V Battery, BMS, 48V ISG, Controller, PDM, DC/AC Inverter, DC/DC Converter & Others), Type (BEV, MHEV, Series, Parallel & Parallel-Series), Vehicle Type, and Region – Global Forecast to 2027

“Decrease in emissions limits and attractive government incentives for EV buyers are significant factors for the growth of the electric powertrain market globally” The global electric powertrain market is projected to reach USD 191.4 billion by 2027 from an estimated USD 62.9 billion in 2019,at a CAGR of 14.9 %. All major players such as Bosch (Germany), Mitsubishi Electric(Japan), Magna (Canada), Continental AG (Germany), and Hitachi (Japan) are moving toward electro mobility by showcasing their developments and business strategies in the electric powertrain market. There are various factors propelling the electric powertrain market. The major factor being the emission norms across regions. For instance, the introduction of Euro VI, China VI, and PROCONVE P8has driven the electr......
$5650

VVT & Start-Stop System Market by Technology (Cam-Phasing, Cam-Phasing Plus Changing, BAS, Enhanced Starter, Direct Starter, ISG), Phaser Type (Hydraulic, Electronic), Valvetrain (SOHC and DOHC), Fuel type, Vehicle, And Region – Global Forecast to 2027

“Stringent emission regulations and growing demand for hybrid vehicles across the world to fuel the demand for VVT & start-stop system.” The automotive VVT & start-stop system market is projected to grow at a CAGR of 5.7% reaching USD 85.2 billion by 2027 from USD 54.7 billion from 2019. The major factors responsible for the growth of this market include the stringent emission regulations and fuel-efficiency standards enforced by different legislative bodies across the globe. Also, increased production of hybrid vehicles would drive the start-stop system market. Dual Overhead Cam (DOHC) for VVT and Integrated Starter Generator (ISG) for start-stop technology are estimated to grow at a higher CAGR during the forecast period In case of VVT, Dual Overhead Cam (DOHC) techn......
$4950

Wireless Charging for Electric Vehicle Market by Power Supply (3-<11, 11-50, & >50 KW), Application (Home & Commercial), Distribution channel (Aftermarket & OE), Component, Charging System, Propulsion, Vehicle type, & Region – Global Forecast to 2027

“Increasing focus on R&D activities, rapid development of EV technology, and the ease of charging vehicles are expected to fuel the demand in wireless charging for electric vehicle market.” The wireless charging for electric vehicle market is projected to grow at a CAGR of 46.8% during the forecast period, from USD 16 million in 2020 to USD 234 million by 2027. The rising demand for BEVs and PHEVs is expected to fuel the overall growth of the wireless charging for electric vehicle market. Increasing R&D investments by manufacturers of wireless charging systems and the growing number of partnerships and joint ventures between major OEMs and domestic players have created growth opportunities in the wireless charging for electric vehicle market. However, the high cost of upgrad......
$4950

The Global Naval Sonar Market 2019-2029

The Global Naval Sonar Market 2019-2029 Summary The Global Naval Sonar Market 2019-2029 report provides the market size forecast and the projected Compound Annual Growth Rate (CAGR) for the next ten years. The report covers the industry analysis including the key market drivers, emerging technology trends, and major challenges faced by industry participants. It also offers insights regarding several factors and government programs that are expected to influence the demand for naval sonars over the forecast period. The demand for naval sonars will be driven by the increasing focus on developing robust anti-submarine warfare (ASW) capability and fleet expansion initiatives by emerging economies such as India and Pakistan in the Asia-Pacific region. The increased focus on induction of tec......
$4800

Emerging Economies – Thematic Research

Emerging Economies - Thematic Research Summary This report looks at the importance of "emerging markets" as a theme driving the growth of companies in the automotive sector. Of the 11 countries assessed in this report, Indonesia represents the best chance of delivering rapid industrial and market development in automotive. Scope This report is part of our ecosystem of thematic investment research reports, supported by our "thematic engine". - About our Thematic Research Ecosystem - GlobalData has developed a unique thematic methodology for valuing technology, media and telecom companies based on their relative strength in the big investment themes that are impacting their industry. Whilst most investment research is underpinned by backwards looking company valuation models, GlobalData'......
$1950

De-dieselization – Thematic Research

De-dieselization - Thematic Research Summary De-dieselization refers to the rapid market backlash against diesel, particularly in European markets, emanating from the VW emissions scandal and, concurrently, from increased lobbying over air quality in cities with diesel engines seen widely as the main culprit for dangerous urban air quality. Scope This report is part of our ecosystem of thematic investment research reports, supported by our "thematic engine". About our Thematic Research Ecosystem - GlobalData has developed a unique thematic methodology for valuing technology, media and telecom companies based on their relative strength in the big investment themes that are impacting their industry. Whilst most investment research is underpinned by backwards looking company valuation mod......
$1950

The rise of the SUV – Thematic Research

The rise of the SUV - Thematic Research Summary This report will quantify the current popularity of SUVs. It will examine buying trends over time and the driving forces behind them. In addition, it will identify the technologies helping SUVs perform similarly to traditional road cars. Scope This report is part of our ecosystem of thematic investment research reports, supported by our "thematic engine". - About our Thematic Research Ecosystem - GlobalData has developed a unique thematic methodology for valuing technology, media and telecom companies based on their relative strength in the big investment themes that are impacting their industry. Whilst most investment research is underpinned by backwards looking company valuation models, GlobalData's thematic methodology identifies which......
$1950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy