Connected Motorcycle Market Share, Size, Trends, Growth Factors, and Forecast 2024-2032

IMARC Group’s latest report, titled “Connected Motorcycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the connected motorcycle market share. The report also includes competitor and regional analysis, along with a breakdown of segments within the industry. the global connected motorcycle market size reached US$ 128.9 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,674.4 Million by 2032, exhibiting a growth rate (CAGR) of 32% during 2024-2032.

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Connected Motorcycle Market Trends:

The global connected motorcycle market is experiencing significant growth driven by the increasing demand for enhanced safety and rider assistance features, as motorcyclists seek advanced systems such as real-time navigation, emergency call functions, and crash detection. Additionally, the rapid advancements in Internet of Things (IoT) technology and the proliferation of high-speed internet connectivity are facilitating the integration of sophisticated telematics and infotainment systems in motorcycles. Along with this, the rising adoption of smart and electric motorcycles is further propelling market growth, as these vehicles often come equipped with advanced connected features. Furthermore, stringent government regulations and initiatives aimed at improving road safety and reducing accidents are encouraging the adoption of connected motorcycle technologies. The growing trend of smart cities and the development of intelligent transportation systems are also positively influencing the market.

Leading Key Players Operating in the Connected Motorcycle Industry:

• 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

Connected Motorcycle Market Growth Analysis:

The scope of the market is extensive, encompassing various segments such as vehicle-to-vehicle (V2V) communication, vehicle-to-infrastructure (V2I) communication, and vehicle-to-everything (V2X) communication. Market growth analysis indicates a significant trend towards the integration of artificial intelligence (AI) and machine learning (ML) in connected motorcycle systems to enhance predictive maintenance, personalized rider experiences, and real-time traffic management. The market is also benefiting from the rising demand for electric motorcycles, which often incorporate advanced connected technologies for efficient energy management and enhanced user convenience. Concurrently, the development of 5G networks is expected to revolutionize the connected motorcycle ecosystem by providing ultra-reliable low-latency communication (URLLC) and massive machine-type communication (mMTC). Moreover, the increasing collaboration between motorcycle manufacturers, technology firms, and telecommunication companies is driving innovation and expanding the market's potential.

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Key Market Segmentation:

Breakup by Service:

• Driver Assistance

• Infotainment

• Safety

• Vehicle Management and Telematics

• Insurance

Based on the service, the market has been divided into driver assistance, infotainment, safety, vehicle management and telematics, and insurance.

Breakup by Hardware:

• Embedded

• Tethered

Based on the hardware, the market has been divided into embedded and tethered.

Breakup by Network Type:

• Cellular V2X

• Dedicated Short Range Communication

Based on the network type, the market has been divided into cellular V2X and dedicated short range communication.

Breakup by End User:

• Private

• Commercial

Based on the end user, the market has been divided into private and commercial.

 Breakup by Region:

• North America (United States, Canada)

• Europe (Germany, France, United Kingdom, Italy, Spain, Others)

• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)

• Latin America (Brazil, Mexico, Others)

• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Based on the region, the market has been divided into North America, Asia Pacific, Europe, Latin America, and Middle East and Africa.

Key Highlights of the Report:

• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Porter’s Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

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