According to IMARC Group latest report titled” Connected Motorcycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth. The Global Connected Motorcycle Market to exhibit moderate growth during the next five years.
Market Trends:
A connected motorcycle refers to an advanced mobility solution that connects riders to the telematics control unit (TCU) through a cellular connection. It has a highly advanced system that provides real-time information to the rider about traffic conditions, potholes, road curves, oil level, tire pressure, and battery life. The connected motorcycle enables remote monitoring by tracking stolen vehicles, collecting data for performance analytics, and offering operational information, roadside assistance and over-the-air (OTA) updates.
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The escalating number of road accidents, along with the growing emphasis on driver safety, is primarily driving the demand for connected motorcycles across the globe. Moreover, several initiatives are undertaken by road safety authorities worldwide to minimize fatal road accidents. Additionally, the extensive dependence on smartphones and the rising penetration of 5G networks are also contributing to the market growth. Furthermore, numerous app developers are creating two-wheeler-specific applications that provide motorcycle status, tamper alerts, vehicle location, automatic collision notification, remote diagnostics and maintenance reminders of the vehicle. Besides this, the key market players are integrating smart sensors, Big Data, and the Internet-of-Things (IoT) technologies to measure vehicle health and deliver real-time warnings to riders. All the factors mentioned above will further continue to propel the connected motorcycle market in the coming years.
Competitive Landscape with Key players:
The report has also analysed the competitive landscape of the market with some of the key players being.
- 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
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Connected Motorcycle Market Segmentation:
Our report has categorized the market based on Region, Service, Hardware, Network Type and End User.
Market Breakup by Service:
- Driver Assistance
- Infotainment
- Safety
- Vehicle Management and Telematics
- Insurance
Market Breakup by Hardware:
- Embedded
- Tethered
Market Breakup by Network Type:
- Cellular V2X
- Dedicated Short Range Communication
Market Breakup by End User:
- Private
- Commercial
Market Breakup by Region:
- North America
- Asia-Pacific
- Europe
- Latin America
- Middle East and Africa
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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