Connected Motorcycle Market Expected To Rise At A CAGR of 40.4% During 2023-2028 | IMARCGroup.com

PRESS RELEASE

Published April 19, 2023

How Big is the Connected Motorcycle Market ? :

IMARC Group’s latest report, titled “Connected Motorcycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the connected motorcycle market Share. The report also includes competitor and regional analysis, and contemporary advancements in the market. the global connected motorcycle market size reached US$ 91.3 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 723.7 Million by 2028, exhibiting a growth rate (CAGR) of 40.4% during 2023-2028.

Connected Motorcycle (TCU and Cellular Connection):

A connected motorcycle refers to an intelligent mobility solution that connects riders to the telematics control unit (TCU) via a cellular connection. It usually consists of a highly advanced system that alerts the rider regarding potholes, road curves, oil levels, traffic conditions, tire pressure, and battery life. A connected motorcycle also enables remote monitoring by collecting data for performance analytics, tracking stolen vehicles, offering roadside assistance, operational information, and over-the-air (OTA) updates, etc. In addition to this, it utilizes cellular V2X and dedicated short-range communication networks to assist drivers. As a result, the connected motorcycle is extensively utilized for private and commercial purposes across the globe.

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Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being

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 Future Demand and Advanced Technology and Development:

The rising number of road accidents and the inflating need for driver safety are propelling the adoption of vehicles with advanced assistance features, which is among the primary factors driving the connected motorcycle market. Besides this, the launch of several policies by government bodies across countries to minimize fatal roadway mishaps and the escalating demand for a comfortable and safe riding experience are further augmenting the market growth. Moreover, the growing popularity of connected motorcycle solutions that provide automatic collision notification, remote diagnostics, maintenance reminders, etc., is catalyzing the global market.

Apart from this, leading app developers are creating two-wheeler-specific applications to facilitate bike status, tamper alerts, and vehicle location, which is acting as another significant growth-inducing factor. Additionally, the elevating usage of smartphones and the development of enhanced 5G networks are also stimulating the market growth. In line with this, the increasing integration of smart sensors and the Internet of Things (IoT) with these solutions to measure health and deliver real-time warnings to riders is expected to bolster the connected motorcycle market in the coming years.

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Key Market Segmentation:

Breakup by Service:

Driver Assistance
Infotainment
Safety
Vehicle Management and Telematics
Insurance

Breakup by Hardware:

Embedded
Tethered

Breakup by Network Type:

Cellular V2X
Dedicated Short Range Communication

Breakup by End User:

Private
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)

Key Highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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