Connected Motorcycle Market
Fatpos Global has released a report titled “Connected Motorcycle Market - Analysis of Market Size, Share & Trends for 2014 – 2020 and Forecasts to 2031” which is anticipated to reach USD 4,759.3 million by 2031. According to a study by Fatpos Global, the market is anticipated to portray a CAGR of 48.3% between 2021 and 2031. According to the report, During the forecast period, the market is expected to benefit from factors such as increased premium motorcycle sales around the world, increasing need for motorcycle safety as well as driver assistance, and increasing demand for usage-based insurance & infotainment system in motorcycles will all contribute to the connected motorcycle market's growth. The market will also benefit from impending legislation for driver safety in motorbikes in nations all over the world.
The market report on the global Connected Motorcycle Market includes in-depth insights as:
The estimated value of the market was USD 92.2 million in the year 2021.
Global Connected Motorcycle in Asia-Pacific held the largest market share in the year 2020.
Global Connected Motorcycle market is classified based on Service into Driver Assistance, Infotainment, Safety, Vehicle Management, and Telematics and Insurance.
Based on Connectivity Solution, global Connected Motorcycle is fragmented into Integrated, Embedded, and Tethered
Based on Propulsion, the global Connected Motorcycle is fragmented into Integrated combustion engines (ICE) and electric motorcycles.
Key players are likely to focus on product innovations and expansion through mergers to retain their positions in developed markets.
“The increase in the market of the global connected motorcycle market due to a rise in the popularity of connection solutions in automobiles and an increase in the safety features offered by connected motorcycles. However, the market's expansion is hampered by the possibility of data tampering and also the lack of seamless and standardized communication infrastructure. Incorporating 5G – connectivity to power connected mobility, on the other hand, is expected to create a significant opportunity for the connected motorbike market to grow throughout the projected period.”, said a lead analyst at Fatpos Global.
A connected motorbike is a smart mobility system that connects motorcyclists to a telematics control unit via a cellular connection (TCU). It comes equipped with cutting-edge technology that alerts the user about Vehicles traffic, potholes, road bends, oil level, tire pressure, and battery life. It also enables remote monitoring by, among other things, tracking stolen vehicles, obtaining data for performance analysis, and delivering operational information, roadside help, and over-the-air (OTA) upgrades.
Global Connected Motorcycle market is divided into driving assistance, infotainment, safety, vehicle management, telematics, and insurance, depending based on service type. The driver assistance sector has the highest share of the market and is projected to continue to do so during the projected period. The significant development in the need for warning and alert systems to moderate the speed and minimize possible road fatalities & crashes is credited with this supremacy. Lane change alerts, traffic jam warnings, on-board signs, green light augmentation speed recommendations, and other driver aid services are available.
Key Players in the Market
Some of the key players operating in the global Connected Motorcycle Market are Aeris, Autotalks Ltd, BMW AG, Continental AG, E-Novia, KPIT, Panasonic Corporation, Robert Bosch GmbH, Triumph Motorcycles, Vodafone Limited, and Other prominent players.
Get Valuable Insights into Global Connected Motorcycle Market
In the new report, Fatpos Global thrives to present an unbiased analysis of the global Connected Motorcycle Market that covers the historical demand data as well as the forecast figures for the period, i.e., 2021-2031. The study includes compelling insights into growth that is witnessed in the market. The Global Connected Motorcycle market is classified based on Service into Driver Assistance, Infotainment, Safety, Vehicle Management, and Telematics and Insurance. Based on the Connectivity Solution, the global Connected Motorcycle is fragmented into Integrated, Embedded, and Tethered. Based on Propulsion, the global Connected Motorcycle is fragmented into Integrated combustion engines (ICE) and electric motorcycles. Geographically, the market is segmented into North America, Latin America, Europe, Asia Pacific and the Middle East, and Africa.
