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Connected Motorcycle Market

Connected Motorcycle Market Forecasts to 2028 – Global Analysis By Hardware (Tethered, Integrated, Embedded), Technology (Ride Sharing Data, Charging, Navigation), Communication Type, Motorcycle Type, and By Geography

4.2 (57 reviews)
Published: April 2022 ID: SMRC18939
4.2 (57 reviews)
Published: April 2022 ID: SMRC18939

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Connected Motorcycle Market is accounted for $53.51 million in 2021 and is expected to reach $1035.94 million by 2028 growing at a CAGR of 52.7% during the forecast period. Connected motorcycles are innovations introduced to provide intelligent and smart mobility to customers. Providing networking features to motorcycles using connectivity solutions make driving of motorcycles much safer and comfortable.

Market Dynamics:

Driver:

Increasing safety and security feature


Connected motorcycles consist of highly advanced system that essentially reads roads and provides alert notification to rides of traffic, potholes, construction, obstacles, and road curves. Motorcycle accidents have become a major concern for OEMs as well as government and road safety authorities. One of the primary functions of connected motorcycle is to warn riders in case of circumstances where there is a chance of approaching danger. The inclusion of safety features in the upcoming motorcycles would drive the demand for connectivity services and other related components and software platforms.

Restraint:

Lack of a unified platform with connected standards


Motorcycle connection standards are limited. Standard communication or connectivity platform is required for V2I or V2V communications to deliver seamless and reliable connectivity as harmonized technical standard is a must for interoperability. Standard regulations and frameworks for connected vehicles are still in development in countries like China, Japan, and the US. Future adoption of fully connected vehicles or motorcycles will be uncertain till there is a harmonized platform in place.

Opportunity:

Integration of 5G connectivity to power connected mobility


5G network provides a new kind of network that is designed to connected everything and everyone together including objects, machines, and devices. Adoption of 5G in connected mobility enables more reliable communication and offer improved safety of connected motorcycle and smart cities. The availability of a fast and reliable 5G network enables OEMs to process a large volume of real-time data on the cloud. With increasing technical developments in cloud platforms and the availability of 5G networks, intelligent instrument clusters are expected to become a standard feature in the premium two-wheeler segment.

Threat:

Privacy and security of user data


Connectivity technology in motorcycles is expected to improve flow of traffic and safety, but they also represent a potential new target for hackers and cybercriminals. Growth in complexities of communications and software interfaces make connected motorcycles more vulnerable to cyber-attacks. The convenience of repair ability and luxury features come with the risk of data privacy and security. For instance, when a rider connects his/her phone to the motorcycle via Bluetooth, contact data and files are synced to the system including names, addresses, numbers, emails, messages, and even personal images.

The embedded segment is expected to be the largest during the forecast period

The embedded segment is estimated to have a lucrative growth as these systems can offer advanced safety features that require onboard GPS, cellular connectivity, and superior control unit to be reliable. Embedded hardware is superior to tethered hardware. For real-time safety features, connectivity systems cannot depend on smartphones or any other inferior quality dongles. Therefore, embedded hardware will be a preferred choice of motorcycle manufacturers to offer reliable safety features in the future.

The emergency call (eCall) segment is expected to have the highest CAGR during the forecast period

The emergency call (eCall) segment is anticipated to witness the fastest CAGR growth during the forecast period as these systems automatically dials the emergency number and dials the nearby emergency call center. The systems also gather a data of time of the accident, accurate position, and description of the crashed vehicle. The eCall function can be manually triggered in case the rider wants to contact the emergency center.

Region with highest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to increasing demand and development of OEMs, growing urbanization and rapid growth in motorcycle sales. With a steady increase in disposable income and rising demand for high-performance motorcycles, the region has attracted a number of premium motorcycle manufacturers.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period owing to significant demand for an extensive range of motorcycles such as standard, sports, cruisers, and touring. The increasing adoption of advanced technologies such as 5G connectivity will help the regional market show healthy growth in the forthcoming years.

Key players in the market

Some of the key players profiled in the Connected Motorcycle Market include Zero Motorcycles, Inc, Yamaha, Triumph Motorcycles, TE Connectivity Ltd, Suzuki, Robert Bosch GmbH, Panasonic Corporation, KTM AG (Pierer mobility AG), Kawasaki Heavy Industries, Ltd., Hero MotoCorp Ltd., Harley Davidson, Continental AG, BMW, Autotalks Ltd. and Aeris.

Report Coverage

Details

Published Year:

2021

Estimated Market Size in 2020:

USD 53.51 million

Estimated Period:

2021

Compound Annual Growth Rate (CAGR)  from 2020 to 2028:

52.7%

Predicted 2028 Value:

USD 1035.94 million

Forecast Years:

2022-2028

Tables, Graphs & Figures

324

Chapters Covered:

Network Type, Hardware, Service Provider, Technology, Communication Type, Motorcycle Type, Service, Propulsion, Calling Service, Application, End User, and Region

Core Drivers and Opportunities:

  • Rising trend of connectivity solutions in vehicles
  • Increase in safety features provided by connected motorcycles

Restraining Factors & Market Threats:

  • Lack of IoT-enabled infrastructure
  • Absence of connected standards and uniform platform


Key Developments:

In October 2021: Continental AG partnered with Sennheiser to develop an AI-based collision warning system for motorcycles as part of its safety division for connected motorcycles. Both companies also received the CLEPA innovation award for this development in 2021.

In October 2021: Kawasaki announced the development of a hybrid-electric motorcycle with connected mobility and AI bike assists. The motorcycle will use the company’s Rideology app along with add-on features for achieving a new level of connected mobility.

In September 2021: Suzuki launched its new motorcycle based on the streetfighter, in the form of the new GSX-S1000GT. It picks up where the old GSX-S1000F left off, but ventures further into sport touring territory and takes on the Kawasaki Ninja 1000SX.
 
Network Types Covered:
• Dedicated short-range communication (DSRC)
• Cellular-V2X
 
Hardwares Covered:

• Tethered
• Integrated
• Embedded
 
Service Providers Covered:
• Original Equipment Manufacturer (OEM)
• Third-Party
 
Technologies Covered:
• Ride Sharing Data
• Charging
• Navigation
 
Communication Types Covered:
• Vehicle to Infrastructure (V2I)
• Vehicle to Vehicle (V2V)
 
Motorcycle Types Covered:
• Tour
• Sport
• Roadster
• Heritage
• Adventure
 
Services Covered:
• Vehicle Management & Telematics
• Well-being
• Infotainment/Entertainment
• Safety
• Mobility management
• Insurance
• Driver Assistance
 
Propulsions Covered:
• Electric
• Internal Combustion Engine (ICE)
 
Calling Services Covered:
• Breakdown call (bCall)
• Emergency call (eCall)
• Information call (iCall)

Applications Covered:
• Weather Advisory
• Traffic Warning
• Road Repair Warning
• Optimal Signal Speed Advisory
• Lane Change Warning
• Intersection Movement Assist
• Emergency Brake Light
• Collision Warning
• Approach Indication

End Users Covered:
• Private
• Commercial

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand
o South Korea
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Key Questions Answered In The Report

The Global Connected Motorcycle Market is majorly driven by the increase in safety features provided by connected motorcycles and the rising trend of connectivity solutions in vehicles.

The embedded segment is growing at a highest CAGR owing to the increasing demand in the automotive industry as well as the intensifying usage owed to its non-dependency on external devices.

Asia Pacific dominated with a significant market share due to the growing urbanization and rapid growth in motorcycle sales in the region.

North America market is growing at a highest CAGR owing to the significant demand for an extensive range of motorcycles and the increasing adoption of advanced technologies.

Key players in the Connected Motorcycle Market include Zero Motorcycles, Inc, Yamaha, Triumph Motorcycles, TE Connectivity Ltd, Suzuki, Robert Bosch GmbH, Panasonic Corporation, KTM AG (Pierer mobility AG), Kawasaki Heavy Industries, Ltd., Hero MotoCorp Ltd., Harley Davidson, Continental AG, BMW, Autotalks Ltd. and Aeris.

1 Executive Summary       
         
2 Preface        

 2.1 Abstract       
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology     
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions     
         
3 Market Trend Analysis       
 3.1 Introduction      
 3.2 Drivers       
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats       
 3.6 Technology Analysis     
 3.7 Application Analysis     
 3.8 End User Analysis      
 3.9 Emerging Markets      
 3.10 Impact of Covid-19      
         
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry      
          
5 Global Connected Motorcycle Market, By Network Type   

 5.1 Introduction      
 5.2 Dedicated short-range communication (DSRC)   
 5.3 Cellular-V2X      
         
6 Global Connected Motorcycle Market, By Hardware   
 6.1 Introduction      
 6.2 Tethered       
 6.3 Integrated      
 6.4 Embedded      
         
7 Global Connected Motorcycle Market, By Service Provider   
 7.1 Introduction       
 7.2 Original Equipment Manufacturer (OEM)    
 7.3 Third-Party      
         
8 Global Connected Motorcycle Market, By Technology   
 8.1 Introduction      
 8.2 Ride Sharing Data      
 8.3 Charging       
 8.4 Navigation      
         
9 Global Connected Motorcycle Market, By Communication Type  
 9.1 Introduction      
 9.2 Vehicle to Infrastructure (V2I)     
 9.3 Vehicle to Vehicle (V2V)     
         
10 Global Connected Motorcycle Market, By Motorcycle Type   
 10.1 Introduction      
 10.2 Tour       
 10.3 Sport       
 10.4 Roadster       
 10.5 Heritage       
 10.6 Adventure      
         
11 Global Connected Motorcycle Market, By Service    
 11.1 Introduction      
 11.2 Vehicle Management & Telematics    
 11.3 Well-being      
 11.4 Infotainment/Entertainment     
 11.5 Safety       
 11.6 Mobility management     
 11.7 Insurance      
 11.8 Driver Assistance      
         
12 Global Connected Motorcycle Market, By Propulsion   
 12.1 Introduction      
 12.2 Electric       
 12.3 Internal Combustion Engine (ICE)    
         
13 Global Connected Motorcycle Market, By Calling Service   
 13.1 Introduction      
 13.2 Breakdown call (bCall)     
 13.3 Emergency call (eCall)     
 13.4 Information call (iCall)     
         
14 Global Connected Motorcycle Market, By Application   

 14.1 Introduction      
 14.2 Weather Advisory      
 14.3 Traffic Warning      
 14.4 Road Repair Warning     
 14.5 Optimal Signal Speed Advisory    
 14.6 Lane Change Warning     
 14.7 Intersection Movement Assist     
 14.8 Emergency Brake Light     
 14.9 Collision Warning      
 14.10 Approach Indication     
         
15 Global Connected Motorcycle Market, By End User    
 15.1 Introduction      
 15.2 Private       
 15.3 Commercial      
         
16 Global Connected Motorcycle Market, By Geography   
 16.1 Introduction      
 16.2 North America      
  16.2.1 US      
  16.2.2 Canada      
  16.2.3 Mexico      
 16.3 Europe       
  16.3.1 Germany      
  16.3.2 UK      
  16.3.3 Italy      
  16.3.4 France      
  16.3.5 Spain       
  16.3.6 Rest of Europe     
 16.4 Asia Pacific      
  16.4.1 Japan      
  16.4.2 China      
  16.4.3 India      
  16.4.4 Australia      
  16.4.5 New Zealand     
  16.4.6 South Korea     
  16.4.7 Rest of Asia Pacific     
 16.5 South America      
  16.5.1 Argentina     
  16.5.2 Brazil      
  16.5.3 Chile      
  16.5.4 Rest of South America    
 16.6 Middle East & Africa     
  16.6.1 Saudi Arabia     
  16.6.2 UAE      
  16.6.3 Qatar      
  16.6.4 South Africa     
  16.6.5 Rest of Middle East & Africa    
         
17 Key Developments       
 17.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 17.2 Acquisitions & Mergers     
 17.3 New Product Launch     
 17.4 Expansions      
 17.5 Other Key Strategies     
         
18 Company Profiling       
 18.1 Zero Motorcycles, Inc     
 18.2 Yamaha        
 18.3 Triumph Motorcycles     
 18.4 TE Connectivity Ltd      
 18.5 Suzuki        
 18.6 Robert Bosch GmbH      
 18.7 Panasonic Corporation      
 18.8 KTM AG (Pierer mobility AG)     
 18.9 Kawasaki Heavy Industries, Ltd.     
 18.10 Hero MotoCorp Ltd.      
 18.11 Harley Davidson       
 18.12 Continental AG      
 18.13 BMW        
 18.14 Autotalks Ltd.      
 18.15 Aeris       


List of Tables        
1 Global Connected Motorcycle Market Outlook, By Region (2020-2028) ($MN) 
2 Global Connected Motorcycle Market Outlook, By Network Type (2020-2028) ($MN)
3 Global Connected Motorcycle Market Outlook, By Dedicated short-range communication (DSRC) (2020-2028) ($MN)
4 Global Connected Motorcycle Market Outlook, By Cellular-V2X (2020-2028) ($MN) 
5 Global Connected Motorcycle Market Outlook, By Hardware (2020-2028) ($MN) 
6 Global Connected Motorcycle Market Outlook, By Tethered (2020-2028) ($MN) 
7 Global Connected Motorcycle Market Outlook, By Integrated (2020-2028) ($MN) 
8 Global Connected Motorcycle Market Outlook, By Embedded (2020-2028) ($MN) 
9 Global Connected Motorcycle Market Outlook, By Service Provider (2020-2028) ($MN)
10 Global Connected Motorcycle Market Outlook, By Original Equipment Manufacturer (OEM) (2020-2028) ($MN)
11 Global Connected Motorcycle Market Outlook, By Third-Party (2020-2028) ($MN) 
12 Global Connected Motorcycle Market Outlook, By Technology (2020-2028) ($MN) 
13 Global Connected Motorcycle Market Outlook, By Ride Sharing Data (2020-2028) ($MN)
14 Global Connected Motorcycle Market Outlook, By Charging (2020-2028) ($MN) 
15 Global Connected Motorcycle Market Outlook, By Navigation (2020-2028) ($MN) 
16 Global Connected Motorcycle Market Outlook, By Communication Type (2020-2028) ($MN)
17 Global Connected Motorcycle Market Outlook, By Vehicle to Infrastructure (V2I) (2020-2028) ($MN)
18 Global Connected Motorcycle Market Outlook, By Vehicle to Vehicle (V2V) (2020-2028) ($MN)
19 Global Connected Motorcycle Market Outlook, By Motorcycle Type (2020-2028) ($MN)
20 Global Connected Motorcycle Market Outlook, By Tour (2020-2028) ($MN) 
21 Global Connected Motorcycle Market Outlook, By Sport (2020-2028) ($MN) 
22 Global Connected Motorcycle Market Outlook, By Roadster (2020-2028) ($MN) 
23 Global Connected Motorcycle Market Outlook, By Heritage (2020-2028) ($MN) 
24 Global Connected Motorcycle Market Outlook, By Adventure (2020-2028) ($MN) 
25 Global Connected Motorcycle Market Outlook, By Service (2020-2028) ($MN) 
26 Global Connected Motorcycle Market Outlook, By Vehicle Management & Telematics (2020-2028) ($MN)
27 Global Connected Motorcycle Market Outlook, By Well-being (2020-2028) ($MN) 
28 Global Connected Motorcycle Market Outlook, By Infotainment/Entertainment (2020-2028) ($MN)
29 Global Connected Motorcycle Market Outlook, By Safety (2020-2028) ($MN) 
30 Global Connected Motorcycle Market Outlook, By Mobility management (2020-2028) ($MN)
31 Global Connected Motorcycle Market Outlook, By Insurance (2020-2028) ($MN) 
32 Global Connected Motorcycle Market Outlook, By Driver Assistance (2020-2028) ($MN)
33 Global Connected Motorcycle Market Outlook, By Propulsion (2020-2028) ($MN) 
34 Global Connected Motorcycle Market Outlook, By Electric (2020-2028) ($MN) 
35 Global Connected Motorcycle Market Outlook, By Internal Combustion Engine (ICE) (2020-2028) ($MN)
36 Global Connected Motorcycle Market Outlook, By Calling Service (2020-2028) ($MN)
37 Global Connected Motorcycle Market Outlook, By Breakdown call (bCall) (2020-2028) ($MN)
38 Global Connected Motorcycle Market Outlook, By Emergency call (eCall) (2020-2028) ($MN)
39 Global Connected Motorcycle Market Outlook, By Information call (iCall) (2020-2028) ($MN)
40 Global Connected Motorcycle Market Outlook, By Application (2020-2028) ($MN) 
41 Global Connected Motorcycle Market Outlook, By Weather Advisory (2020-2028) ($MN)
42 Global Connected Motorcycle Market Outlook, By Traffic Warning (2020-2028) ($MN)
43 Global Connected Motorcycle Market Outlook, By Road Repair Warning (2020-2028) ($MN)
44 Global Connected Motorcycle Market Outlook, By Optimal Signal Speed Advisory (2020-2028) ($MN)
45 Global Connected Motorcycle Market Outlook, By Lane Change Warning (2020-2028) ($MN)
46 Global Connected Motorcycle Market Outlook, By Intersection Movement Assist (2020-2028) ($MN)
47 Global Connected Motorcycle Market Outlook, By Emergency Brake Light (2020-2028) ($MN)
48 Global Connected Motorcycle Market Outlook, By Collision Warning (2020-2028) ($MN)
49 Global Connected Motorcycle Market Outlook, By Approach Indication (2020-2028) ($MN)
50 Global Connected Motorcycle Market Outlook, By End User (2020-2028) ($MN) 
51 Global Connected Motorcycle Market Outlook, By Private (2020-2028) ($MN) 
52 Global Connected Motorcycle Market Outlook, By Commercial (2020-2028) ($MN) 
         
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

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