The TechSci Research report, "Connected Two Wheeler Market-Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F," predicts a rapid CAGR for the Global Connected Two Wheeler Market in the coming years. The automotive industry is experiencing significant technological advancements in manufacturing methods, design, and electronics globally.
Connected two-wheelers are technologically advanced vehicles with internet of things (IoT) gadgets and powered by artificial intelligence (AI) that provide clients with a smooth internet connection and smart mobility. The vehicle's connectivity system manages comfort and safety functions such as thermal management, enhanced lighting, keyless start, emergency call, and tire pressure monitoring.
The GPS, safety, and security systems assist riders in monitoring critical areas, such as bike status, riding statistics, system upgrades and updates, battery charging, and other warnings, which the rider can operate via the dashboard. Market demand is expected to increase due to consumer awareness of the safety features provided by connected two-wheelers and advancements in connectivity technology, as well as rising smartphone and internet adoption.
Additionally, the incorporation of a 5G connection to power connected mobility is predicted to significantly boost the connected two-wheeler industry. The demand for connected two-wheelers is also expected to increase due to rapid growth in logistics in the retail and e-commerce industries. As the adoption of connection solutions in automobiles grows and the safety features in connected two-wheelers improve, the global connected two-wheeler market is expected to expand.
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The Global Connected Two Wheeler Market can be segmented based on vehicle type,by propulsion type, based on service type, by connectivity type, by end-user, by region, and competitional landscape. On the basis of vehicle type, the market for connected two wheelers is segmented into scooter/moped and motorcycle. The scooter/Moped segment is leading this market but due to the growing advancement in technology the motorcycle is also showing a lot of potential. The market has been primarily divided into three types based on service type including Driver Assistance, Infotainment and Safety. Turn-by-turn navigation, calls and texts, and music controls are examples of infotainment services and due to these factors, the infotainment is leading the market in the service type. Based on Connectivity the market has been divided into Integrated, Embedded and Tethered. An electronic control unit, a GSM module, a GLONASS/GPS system, and other necessary sensors are all part of the embedded connectivity module. Due to these facilities the embedded system is gaining a lot of market in this segment. On the basis of end-user the market is segmented into two parts, including private and commercial. The commercial segment is leading the market because connected two wheelers are mostly used by the E-commerce platforms and delivery partners for their supply chain and logistics services.
Some of the major players operating in the Global Connected Two-Wheeler Market include:
- BMW AG
- Robert Bosch Gmbh
- Vodafone Group PLC
- Continental AG
- KPIT Technologies Ltd
- TE Connectivity Ltd
- Aeris Communication Inc.
- Autotalks Ltd.
- Starcom Systems Ltd
- Panasonic Corporation
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“"In order to improve the performance of two-wheelers, many auto manufacturing businesses are investing in cutting-edge technology and safety features. " E-Commerce companies are also investing in connected two wheelers to increase their supply chain services, which is resulting in the rapid growth of the Global Connected Two Wheeler Market,”said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Connected Two Wheeler Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Vehicle Type (Scooter/Moped, Motorcycle), By Propulsion Type (Internal Combustion Engine (ICE), Electric), By Service Type (Driver Assistance, Infotainment and Safety), By Connectivity Type (Integrated, Embedded and Tethered), By End- User (Private, Commercial) and By Region,” has evaluated the future growth potential of Global Connected Two Wheeler Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Connected Two Wheeler Market.
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