Connected Motorcycle Market Size is estimated to grow at a CAGR of 52% during the forecast period

 

The connected motorcycle market was valued at USD 80 million globally, and over the course of the forecast period, a CAGR of 52% is anticipated. A connected motorcycle is one that uses a variety of connectivity technologies to give the rider access to a variety of infotainment options on the instrument cluster, including navigational data and vehicle alerts.

Global safety regulations coming into effect are greatly expanding this market. The market is expanding dramatically due to the rising demand for electric two-wheelers. The industry is expanding as a result of growing safety concerns among motorbike riders of all stripes. Global urban population growth is a major factor propelling this market's expansion.

 

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Growth Drivers

The market is expanding dramatically due to governments' growing concern for bike riders' safety as well as the increase in electric motorcycle sales. The industry is expanding as a result of increasing urban transportation congestion. Global market expansion is being driven by the fast urbanization and growing industrialization of the world.

The Asia Pacific region's densely populated areas are experiencing a surge in demand for electric vehicles due to the growing need for agile transportation and linked vehicle technology. Over the course of the projection period, urban areas everywhere are expected to become a booming market. The Insurance Institute for Highway Safety reports that, in just two years, the global death toll from motorcycle accidents has risen by 21%.

Report Purpose

The study aims to provide an accurate and expert-verified overview of the global connected motorcycle market, including market values, volumes, trends, segmentation, and pricing. In addition, it provides projections for the short- and medium-term market growth and the effects that COVID-19 has had and will continue to have on it. In-depth research of the major market participants, industry insights and trends, growth drivers and obstacles, and all other elements impacting market expansion are also covered.

Segmentation

Communication Type Analysis

·         Vehicle to Vehicle

·         Vehicle to Infrastructure

By Network Type Analysis

·         Cellular

·         Dedicated Short range communication

By Connectivity Type

·         Embedded Type

·         Integrated

·         Tethered    

By Application

·         Motorcycle approach indication

·         Intersection Movement Assist

·         Forward Collision Warning

·         Left Turning Assist

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Key Players

·         Continental AG

·         Telit

·         KTM

·         Ducati

·         Honda

·         Panasonic

·         BMW Motorrad

·         Harley Davidsons

·         Yamaha Motors

·         Other Players

 

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About Us: -  

xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                   

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Company Name:  xResearch
Contact Person:  James Lin
Email:  sales@xresearch.biz
Phone: +1 718-618-4545

Location: United Arab Emirates

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