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

Commercial Vehicle & Off-Highway Radar Market by frequency (24-GHz & 77-81 GHz), component (LRR, S&MRR, Mono Camera, and Stereo Camera), vehicle (CV & Off-highway), Application (ACC, AEB,BSD, FCW & IPA) and Region – Global Forecast to 2027

“Government law enforcement for safety features in vehicles to reduced accident rates will positively fuel the market for commercial vehicle & off-highway radar market.” The commercial vehicle & off-highway radar market is projected to grow at a CAGR of 27.4% during the forecast period, from USD 153 million in 2020 to USD 831 million by 2027. The advancement in the ADAS technology is a key factor that drives the commercial vehicle & off-highway radar market. The increase in road accidents caused by high speed and abnormal vision is another key factor that drives the commercial vehicle & off-highway radar market. “Mono camera is expected to have the largest market share during the forecast period, by component type.” The primary reason that drives the growth......
$4950

Tires Market for OE & Replacement by Rim Size (13-15, 16-18, 19-21,>21 inches), Replacement Market, by Aspect Ratio (<60, 60-70, >70), Section Width (<200, 200-230,>230 mm), Season, Vehicle Type, Retreading Market, and Region – Global Forecast to 2025

“Increasing average miles driven by vehicle and growing vehicle parc would drive the tires after market” The tires after market, by value, is projected to grow to USD 113.1 billion by 2025 from USD 101.7 billion in 2019, at a CAGR of 1.8%. The growth in automobile ownership per capita and the shifting demand of customers towards use of low rolling resistance tires and increase in average miles driven by the vehicle will boost the future growth of the tires market. North America to be the largest market for retreading The higher fleet of light commercial vehicles, as well as heavy commercial vehicle coupled with relatively higher average miles, is driving the demand of the retreading market. Additionally, the growing retreading facilities in this region is further projected to ......
$4950

Automotive Shielding Market by Shielding (Heat, EMI), Heat Application (Engine, Turbocharger, Battery Management, Fuel Tank), EMI Application (ACC, ECU, LDW, BSD, AEB, FCW, DMS), Material Type, Vehicle (PC, LCV, HCV), and Region – Global Forecast to 2025

“The increasing focus on compliance with the automotive EMC standards is driving the growth of the automotive shielding market.” The global automotive shielding market size is projected to grow from USD 20.2 billion in 2020 to USD 24.7 billion by 2025, at a CAGR of 4.1%. The market is driven by automotive EMC standards and rigorous test procedures employed by the OEMs to avoid failures of electronics-based critical safety systems. Automotive EMC standards are regulated by authorities such as International Standards Organization (ISO), SAE International, International Electro technical Commission (IEC), and others. These authorities have set EMC standards to limit the radiation levels from vehicle electronics. Thus, automotive OEMs and tier 1 component manufacturers are investing hea......
$4950

Automotive Diagnostic Scan Tools Market by Workshop Equipment, Vehicle, Handheld Scan Tools (Scanner, Code Reader, Digital Pressure Tester, TPMS Tool, Battery Analyzer), Offering, Connectivity, and Region – Global Forecast to 2025

“Increasing the number of automotive service stations and stringent emission norms will likely drive the automotive diagnostic scan tools market.” The automotive diagnostic scan tools market is estimated to be USD 41.0 billion in 2020 and is projected to grow at a CAGR of 5.2% during the forecast period, to reach a market size of USD 52.9 billion by 2025. An increase in the number of automotive workshops in organized as well as unorganized market has resulted in the increased demand for tools and equipment that provide quick and accurate diagnosis of a vehicle’s problems. The automotive diagnostic scan tools market is anticipated to see a substantial growth in countries such as China, India, and Mexico, owing to the introduction of stringent emission regulations and the growing nu......
$4950

Electric Vehicle Insulation Market by Product Type (TIM, Foamed Plastic, Ceramic), Application (Under the Bonnet & Battery Pack, Interior), Propulsion Type (BEV, PHEV), Insulation Type (Thermal, Electrical, Acoustic) and Region – Global Forecast to 2024

“The thermal interface materials segment is estimated to witness the highest growth rate between 2019 and 2024.” The electric vehicle insulation market size is estimated to grow from USD 1.3 billion in 2019 to USD 4.2 billion by 2024, at a CAGR of 26.7%. The thermal interface materials in the product type segment is estimated to witness the higher growth rate between 2019 and 2024. The growth is attributed to the growing demand for thermal management in batteries, with the increasing production of electric vehicles. “Growing demand for BEV is expected to drive the electric vehicle insulation market.” The market in the electric vehicle insulation propulsion type is driven mainly by the increasing production of BEV. The emission-free technology of BEV accompanied by an incre......
$5650

Service Robotics Market by Environment, Type (Professional and Personal & Domestic), Component, Application (Logistics, Inspection & Maintenance, Public Relations, Marine, Entertainment, Education, & Personal), and Geography – Global Forecast to 2025

“The service robotics market is projected to grow at a CAGR of 22.6% during 2020–2025” The service robotics market is expected to grow from USD 37.0 billion in 2020 and is projected to reach USD 102.5 billion by 2025; it is expected to grow at a CAGR of 22.6% during the forecast period. Service robots are increasingly being adopted for new applications due to various advantages such as increased productivity, streamlined processes, and greater workplace safety. Service robots provide reduction in cost of operation and enables a high ROI. Utilization of IoT with service robots is enabling predictive maintenance, driving down the overall cost. Also, an increase in funding for service robots by the government as well as market players is driving the market. “Professional service......
$5650

Cylinder Deactivation System Market by Component, No. of Cylinders (4 & 6 and Above), Valve Actuation Method (Overhead Camshaft & Pushrod Design), Fuel Type (Gasoline & Diesel), Vehicle Type (Passenger Vehicle & LCV), and Region – Global Forecast to 2025

“Increasing adoption of fuel-efficient technologies and increasing sales of light commercial vehicles are anticipated to trigger the growth of the cylinder deactivation system market.” The global cylinder deactivation system market is projected to grow at a CAGR of 1.9%, to reach USD 5.1 billion by 2025 from an estimated USD 4.6 billion in 2020. Increasing demand for fuel-efficient vehicles, stringent emission norms,and increasing sales of vehicles fitted with larger volume engines are the key growth drivers of the cylinder deactivation system market. However, excessive oil consumption in vehicles and system prone to vibrations and mechanical noise can restrain the growth of the cylinder deactivation system market during the forecast period. “6 cylinders and above segment is ex......
$5650

Smart Airports Market by Application (Landside, Airside, Terminal Side), End Market (Implementation, Upgrades & Services), Type (Airport 2.0, Airport 3.0, Airport 4.0), Operation, System, Airport Size, Technology, and Region – Global Forecast to 2025

“Increasing use of self-service technologies and growing need for real-time information are expected to drive the smart airports market growth” The smart airports market is projected to grow from USD 2.2 billion in 2019 to USD 6.4 billion by 2025, at a CAGR of 19.8% during the forecast period. Smart solutions enable smoother and efficient operations, leading to cost savings in airport operations, such as passenger processing. Smart airports can provide real-time information through SMS services, offer check-ins via self-service kiosks, and facilitate automated baggage handling. They engage with passengers to provide real-time updates through social media & alerts on personal electronic devices. Advancements in high-speed wireless network technology and the number of devices enab......
$5650

Usage-Based Insurance Market for Automotive by Package type, Technology type (OBD-II, Blackbox, Smartphone, Embedded, and Other technologies), Vehicle type, Vehicle age, Device Offering, Electric & Hybrid vehicles, and Region – Global forecast to 2027

“Increasing demand for telematics, connected car services, and IoT in vehicles and high usage of smartphones are driving the growth of the usage-based insurance market globally” The usage-based insurance market is projected to reach USD 125.7 billion by 2027 from an estimated USD 24.0 billion in 2019,at a CAGR of 23.0% during the forecast period. All major players such as UnipolSai Assicurazioni S.p.A, Progressive Casualty Insurance Company, Allstate Insurance Company, State Farm Automobile Mutual Insurance Company, Liberty Mutual Insurance Company, and other UBI technologies providers are developing solutions and technologies that can accurately analyze vehicle data and driver behavior. The companies aim to improve their UBI offerings by accurate determination of premiums. The i......
$5650

In-Vehicle Computer System Market by Application (Safety, Performance, Convenience, and Diagnostic), Offering (Hardware and Software), Vehicle Type (PC and CV), Memory Size (Up to 8 GB, 16GB, 32 GB and above), and Region- Global Forecast to 2025

“The increasing focus on telematics-based preventive maintenance is driving the growth of the in-vehicle computer system market.” The global in-vehicle computer system market is projected to grow from USD 565 million in 2020 to USD 980 million by 2025, at a CAGR of 11.6%. The market is driven by preventive fleet maintenance solutions to optimize operational costs and reduce unexpected downtime. Periodic preventive maintenance would likely surge the demand for in-vehicle computer systems for diagnosis. Many countries have proposed mandates for tougher inspections to comply with the latest safety standards and wider testing scope to accommodate more tests as mandatory. For instance, in May 2018, the EU commissioned a directive for periodic assessment of passenger cars, trucks, heavy-t......
$5650
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