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Connected Motorcycle Market, by Service

RA00084

Connected Motorcycle Market, by Service (Infotainment, Vehicle management & telematics, Driver assistance, Insurance, Safety), Hardware (Tethered, Embedded), Network Type (Dedicated short range communication, Cellular V2X), Communication Type (V2I, V2V), End User (Commercial, Private), Calling Service (bCall, iCall, eCall), Regional Analysis (North America, Europe, Asia-Pacific, LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026

RA00084

Pages: NA

Jan 2020

The increase in the number of fatal due to road accidents in the recent times, that happen because of unsafe driving, unsafe road environment and improper thinking of the driver. These occurrences of accidents can be avoided by the introduction of connected motorcycles with intelligent transportation system (ITS). ITS provides a wide range of systems, technologies and concepts that relate to progressive computation of motorcycle mobility. ITS provides information about road infrastructure to enhance motorcycle reliability and traffic safety. ITS is also provides information to the vehicle owners about the position of the vehicle, current status of the vehicle and other details.

The Connected Motor Vehicles Provides Advanced Safety Features Than Other Vehicles:

Growing awareness about real time safety and increase in the demand for advanced driving assistance systems to provide better safety and comfort to the driver are anticipated to drive the connected motorcycles market growth. In addition, Intelligent Transportation Systems (ITS) offer a number of ways to improve protection for motorcyclists, which will boost the growth of the market in the coming years. Moreover, the connected systems provide daytime running lights and adaptive front lighting to the motorcycles. These lighting systems offer optimized nighttime vision to the driver, and in case of poor visibility conditions these systems adjust the intensity and angle of the headlight. This aspect will further drive the growth of the market in the coming years.

Continuous focus on design specifications along with government initiatives are projected to create investment opportunity for the growth of connected motorcycle market:

Growing advancements in the ITS by adoption of IoT and 5G connectivity is estimated to generate growth opportunities in the global connected motorcycle market. This adoption is due to improved technology specifications, design, and operation of the connected motorcycle. In addition, increase in the government initiatives towards intellectual transport systems to avoid roadway accidents by improving roadway infrastructure is also predicted to drive the growth of the market.

Driver assistance is estimated to be most lucrative till the end of 2026:

Vehicle management & telematics service held a substantial share of the global market. This system is a type of telematics technology that support the vehicle management by monitoring the vehicle information. Telematics system collects the data including vehicle activity, engine diagnostics and vehicle location. Driver assistance service will experience a notable growth during the estimated period. This is due to an increase in the adoption of driver assistance service by the various premium motorcycle manufacturers across the globe. The driver assistance system is one of the fast-growing safety applications to reduce vehicle accidents and fatalities, which is anticipated to boost market growth in the coming years.

Cellular V2X is estimated to be most lucrative till the end of 2026:

Cellular V2X service will witness a significant growth in the projected time period. The cellular V2X service enables connectivity among vehicles and can exchange real time road traffic updates and roadway hazard information. In addition, growing mobile network upgradation, such as 4G and 5G networks, facilitates the fast connectivity of the vehicles. Dedicated short range communication (DSRC) service held the majority of the connected motorcycle market share in 2018. This growth is majorly because some road areas prefer conventional DSRC that display signs like do not pass warnings or help in traffic data collection, safety inspection and others. Moreover, DSRC was designed with permitting technologies that offer safety applications and communication between vehicles with the roadway infrastructure to minimize accidents. This factor is anticipated to drive the connected motorcycle market growth during the projected time.

eCall is predicted to be most lucrative till the end of 2026:

eCall (Emergency Call) service helps in a situation when a driver meets with an accident. These services provide geographical coordinates, vehicle information and other details to an emergency care centers. bCall (Breakdown Call) service helps the driver in a condition when the motorcycle breaks down. bCall service contacts the nearby service centers and transfers the vehicle diagnostic status to the service centers.

Embedded hardware is predicted to be most lucrative till the end of 2026

Embedded hardware is anticipated to hold a major market share in the overall connected motorcycle industry. It is a GPS based electronic control system and it provides roadway condition and traffic surveillance by sensors, cameras.

V2V communication type is predicted to be most lucrative till the end of 2026

V2V (Vehicle to Vehicle) communication type comprises a wireless system where vehicles send information to each other and this information includes vehicle location, speed, in case of loss of stability of the vehicle and others. In addition, V2V technology is most powerful and it facilitates blind spot detection, adaptive vehicle control and provide 360-degree awareness of nearby hazards. V2I (Vehicle to Infrastructure) communication type can detect the surrounding infrastructure and provide drivers with real time advices about traffic blocking, road conditions, roadway accidents and availability of parking.

Commercial end user is anticipated to be lucrative during the projected time

Commercial end user is expected to experience a noteworthy growth during the forecast period. This increase in the market size is because of rise in the consumer requirement of connected services for their commercial use. This system can inform the driver about vehicle maintenance to avoid sudden breakdown of the vehicle. Private end user held the global connected motorcycle market size in 2018. The growth is majorly owing to the increase in per-capita income of individuals and disposable income of the people for the advanced and premium motorcycles.

Asia-Pacific region will have enormous opportunities for the market investors to grow over the coming years

Asia-Pacific region is expected to grow at a faster rate, and is projected to generate a substantial revenue during the forecast period. The Asia-Pacific region registered more than 90.0% of global motorcycle revenue in 2018 and is continuously increasing. The motorcycle manufacturers are adopting connected systems to help the driver to know their vehicle’s performance. The global connected motorcycles market was dominated by Europe in 2018, because of the presence of premium motorcycle brands such as BMW, Ducati and Triumph; these companies have collaborated with connected systems manufacturers to produce connected motorcycles.

Key Participants in global Connected Motorcycles Market:

Product development and joint ventures are the most common strategies followed by the market players

Key Participants in global Connected Motorcycles Market
 

Source: Research Dive Analysis

The top gaining manufacturers in the global connected motorcycle market are Autotalks Ltd., BMW AG, Panasonic Corporation, KPIT, Robert Bosch GmbH, TE Connectivity, Vodafone Idea Limited, Starcom Systems Ltd, Continental AG and among others. These manufacturers are continuously increasing their efforts on new product launches, new technology developments and collaborations to gain majority of the market share in the overall connected motorcycles industry. For instance, in April 2019, Vodafone Idea Limited is collaborated with MAPFRE and launched “Connected Insurance” for motorcycles, which is aimed to protect motorists and their motorbikes.

Aspect

Particulars

  Historical Market Estimations

  2018-2019

  Base Year for Market Estimation

  2018

  Forecast timeline for Market Projection

  2019-2026

  Geographical Scope

  North America, Europe, Asia-Pacific, LAMEA

  Segmentation by Service

  • Infotainment
  • Vehicle management & telematics
  • Driver assistance
  • Insurance
  • Safety

  Segmentation by Hardware

  • Tethered
  • Embedded

  Segmentation by Network Type

  • Dedicated short range communication
  • Cellular V2X

  Segmentation by Communication Type

  • V2V
  • V2I

  Segmentation by End User

  • Commercial
  • Private

  Segmentation by Calling Service

  • bCall
  • iCall
  • eCall

  Key Countries Covered

U.S., Canada, Germany, France, Spain, Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia

  Key Companies Profiled

  • Autotalks Ltd.
  • BMW AG
  • Panasonic Corporation
  • KPIT
  • Robert Bosch GmbH
  • TE Connectivity
  • Vodafone Idea Limited
  • Starcom Systems Ltd
  • Continental AG

Source: Research Dive Analysis


FREQUENTLY ASKED QUESTIONS?
 

A. The global connected motorcycles market forecast will be $XX million by 2026 and it has been increasing from $XX million in 2018.

A. Autotalks Ltd., Panasonic Corporation, Robert Bosch GmbH and Vodafone Idea Limited are some of the key players in the global connected motorcycles market.

A. Asia-Pacific possess great investment opportunities for the investors to witness the most promising growth in the coming years.

A. Asia Pacific connected motorcycles market is projected to grow at XX% CAGR during the forecast period.

A. Product development, and joint ventures are the key strategies opted by the operating companies in this market.

A. BMW AG, Vodafone Idea Limited and Continental AG are investing more on R&D activities for developing new products and technologies.

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