Connected Motorcycle Market Report
RA00084
Connected Motorcycle Market, by Service (Infotainment, Vehicle management & telematics, Driver assistance, Insurance, Safety), by Hardware (Tethered,Embedded, and Integrated), End-Use Industry (Commercial, Private),and Regional Analysis (North America, Europe, Asia Pacific, and LAMEA): Global Opportunity Analysis and Industry Forecast, 2019–2026
Update Available On-Demand
Global Industry Insights of Connected Motorcycle, 2026:
The global connected motorcycle market forecast shall be $543.5 million by 2026,surging from $20.4 million in 2018 at a healthyrate of 46.4%.Asia-Pacific connected motorcycle market is projected to rise at a noteworthy CAGR of 49.0% by registering a revenue of $207.2 million, throughout the analysis period.Strategic alliances coupled withthe strong existence of OEM manufacturers in this region are expected to accelerate the Asia-Pacific market growth.
The connected motorcycles are self-driving bikes that have ability to connect with other bikesor to the surrounding infrastructure. Connected motorcycleshavea highly advanced system that primarily reads the road and provides alerts to the rider forpotholes,traffic, obstacles,construction, or road curves.
Driving Factors: The Increasing popularity-anddemand for connected motorcyclesworldwide, is anticipated to drive theglobal connected motorcycle market
Increase in the strategic alliances among the key players is one of the significant factors for the growth of connected motorcycle market, throughout the forecast period. For instance, Kawasaki,Honda, Yamaha, and BMW Motorrad jointly they have established the CMC (Connected Motorcycles Consortium). The CMC aims to offer technological innovation and road traffic safety through the Cooperative Intelligent Transport Systems(C-ITS). These advancements are anticipated to boost the growth of the global connected motorcycle market. In addition, premium motorcycles gaining in popularity and sales which is further expected to drive the global connected motorcycle market. Furthermore, connected motorcycles may play acrucial role in the future of mobility offering features such asconvenience, automotive infotainment,road-safety, improved performance, andreduction in maintenance cost.
Market Restraint: Lack of IoT infrastructure in the middle-east and developing countries projected to obstruct the growth of the global connected motorcyclesindustry
Loweravailability of connected devices and standards and lack of IoT-enabled infrastructure in developing economies is anticipated to restrain the growth of the market.
A motor-cycle intelligent biometric voice command system is anticipated to create huge opportunities in the global market
The rising promises of the connected motorcycles are highlighted by multiple established global companies.Also, growth in the government initiatives towards intellectual transport systems to avoid roadway accidents by the improvisation of roadway infrastructure is anticipated to propel the connected motorcycle market.IoT-enabled motorcycles are becoming tremendously popular in consumers. IoT-enabled motorcycles are built with bio-sensors that measure a rider's health to decrease road accidents. Key players aredesigning a mobile app with the help of IoT to make the interconnection between the motorcycles, owner, and service facility. Moreover, this app also allowsconnecting with the repairing shopsif theowner experiences mechanical issues with the motorcycles.This highly advanced app allows the bike to send that diagnostic information directly to the mechanic over the internet without any human interventions. These connected motorcycle market trends are anticipated to augment the opportunities of connected motorcycle market.
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The global driver assistance segment shall experience the positive growth in the global market and it is projected to surpass $105.5 million by 2026, increasing from $3.7 million in 2018. A dramatic increase in road traffic accidents is one of the significant factors may positively impact this segment in the global market. For instance, as per, WHO (World Health Organization), more than half of all road traffic accident deaths are occurring among road users as such motorcyclists, pedestrians, and cyclists. This factor may lead to boost the growth of driving assistance segment in the global market.Moreover, the global established companies BMW Motorrad are focusing more on to develop self-driving motorcycle for more convenience and to road safety purpose.
The tethered segment for the connected motorcycle market shall witness a significant growth in the global market and it is anticipated to cross $183.5 million during the projected period.A tethered system for motorcycles has highly advanced software algorithms with multiple pieces of hardware to deliver safety. The tethered safety system for connected motorcycles is significantly precise and effective which will propel the growth of global connected motorcycle market.
Commercial segment for connected motorcycle market shall have a dominant market share in the global market and it is anticipated to register a revenue of $271.7 million by 2026, during the projected period. This integrated system can inform motorcyclists about vehicle maintenance to minimize the problem of sudden breakdown of the motorcycle.This leads to an increase in the demand from the consumer for their commercial use, which is anticipated to drive the growth of the global market.Moreover, newer collaborations involving automobile manufacturers, suppliers, government policy makers, technology companies, and telecom operators are ensuring a better two-wheeler driving experience with enhanced safety through technological innovations.The private end-useindustry held a significant market share in the global connected motorcycle market size in 2018. The growth is mainly because of the extensively increasing disposable income in the developed and developing countries and growth in per-capita income of individuals.
Asia-Pacific connected motorcycle market was valued at $6.7 million in 2018 and is expected grow at a significant CAGR during the forecast period.Significantly rising sales of premium bikes, growing disposable incomes, and optimal adoption of technological innovations in Asian countries such as China, Singapore, India, and Malaysia are projected to foster the growth of the connected motorcycle market in the Asian Market.Moreover, in order to prevent increasing road accidents,the connected motorcycle is a considerable option. This factor may also drive the growth of the Asian market.For instance, as per WHO (World Health Organization),Regional rates of road traffic deaths in South-East Asia isaround 20.7 deaths per 100,000 population.Furthermore, the increasing importance of Asian consumers globally and brand preferences are also anticipated to augment the demand of the connected motorcycle market.
Leading connected motorcycle market players are BMW AG,Autotalks Ltd., KPIT,Panasonic Corporation, Robert Bosch GmbH, Vodafone Idea Limited, Starcom Systems Ltd, Continental AG,TE Connectivity, and DXC Technology Company.Connected motorcycle market players are emphasizing on Merger & acquisition and advanced product developments.These are the frequent strategies followed by established organizations. For instance, in January2019,Panasonic Automotivehas announced that they are collaborating withHarley-Davidson for providing connectivity solutions of motor-bike.
Porter’s Five Forces Analysis for Connected motorcycle market:
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Bargaining Power of Suppliers: Geographical spread, high number of suppliers and a rise in need for superior quality raw material are creating low bargainingpower to suppliers. Moreover, increased demand for a brand name is become key factor that will influence the power of suppliers. The bargaining power of the supplier is LOW.
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Bargaining Power of Buyer: Buyers have high negotiation power, majorly because of the significant variety of connected motorcycles, in the global market. In the connected motorcycle market, the competition has grown higher and it has led to price competition among the global rival brands. So, the negotiation power of the buyers has grown dramatically. The bargaining power of the buyer is VERY STRONG.
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Threat of New Entrants: TheNew players do not pose any huge threat for the existing market brands. HR expenses as well as high-level of investment and marketing anticipate low risks of entrants.In addition, high-level of financial investment is needed to penetrate a new brand. The bargaining power of the new entrant is LOW.
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Threat of Substitutes: There is massivecompetition and an extensive rise in the number of emerging brands of small cars. Also, due to growing concern about the environment in several parts across the globe, people use public transport for less distance and as analternative for the connected motorcycle.The threat of substitutes is LOW.
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Competitive Rivalry in the Market: Ahigh number of brands in the global market and market players are emphasizing mainly on technological advances, pricing, and customer convenience. Competitive Rivalry in the Market is HIGH
| 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 |
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| Segmentation by Hardware |
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| Segmentation by End-Use Industry |
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| Key Countries Covered | U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, China, Japan, India, Australia, South Korea, Rest of Asia-Pacific, Brazil, Saudi Arabia, United Arab Emirates, Rest of LAMEA |
| Key Companies Profiled |
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Q1. What is the size of connected motorcycles market?
A. The global connected motorcycles market forecast will be $XX million by 2026 and it has been increasing from $XX million in 2018.
Q2. Which are the leading companies in the connected motorcycles market?
A. Autotalks Ltd., Panasonic Corporation, Robert Bosch GmbH and Vodafone Idea Limited are some of the key players in the global connected motorcycles market.
Q3. Which region possesses greater investment opportunities in the coming future?
A. Asia-Pacific possess great investment opportunities for the investors to witness the most promising growth in the coming years.
Q4. What is the growth rate of Asia-Pacific Market?
A. Asia Pacific connected motorcycles market is projected to grow at XX% CAGR during the forecast period.
Q5. What are the strategies opted by the leading players in this market?
A. Product development, and joint ventures are the key strategies opted by the operating companies in this market.
Q6. Which companies are investing more on R&D practices?
A. BMW AG, Vodafone Idea Limited and Continental AG are investing more on R&D activities for developing new products and technologies.
Q7. What is the size of the connected motorcycle market?
A. The global connected motorcycle marketsize was over $20.4million in 2018 and is projected to reach $543.5million by 2026.
Q8. Which are the major companies in the connected motorcycles Market
A. Auto talks Ltd., BMW AG, and Panasonic Corporationare some of the key players in the global connected motorcycles Market.
Q9. Which region possesses greater investment opportunities in the coming future?
A. The Asia-Pacificregion possesses great investment opportunities for the investors to witness the most promising growth in the future.
Q10. What is the growth rate of the Asia-Pacific market?
A. The Asia-Pacific marketconnected motorcycles Marketis anticipated to grow at 49.0% CAGR during the forecast period.
Q11. What are the strategies opted by the leading players in this market?
A. Technological advancements, product development, along with joint ventures are the key strategies opted by the operating companies in this market.
Q12. Which companies are investing more on R&D practices?
A. KPIT and Robert Bosch GmbHCompanyare investing more on R&D activities for developing new products and technologies.
1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.4.1.Assumptions
1.4.2.Forecast parameters
1.5.Data sources
1.5.1.Primary
1.5.2.Secondary
2.Executive Summary
2.1.360° summary
2.2.Service trends
2.3.Hardware trends
2.4.End-Use Industry trends
3.Market overview
3.1.Market segmentation & definitions
3.2.Key takeaways
3.2.1.Top investment pockets
3.2.2.Top winning strategies
3.3.Porter’s five forces analysis
3.3.1.Bargaining power of consumers
3.3.2.Bargaining power of suppliers
3.3.3.Threat of new entrants
3.3.4.Threat of substitutes
3.3.5.Competitive rivalry in the market
3.4.Market dynamics
3.4.1.Drivers
3.4.2.Restraints
3.4.3.Opportunities
3.5.Technology landscape
3.6.Regulatory landscape
3.7.Patent landscape
3.8.Market value chain analysis
3.9.Strategic overview
4.Connected Motorcycle Market, by Service
4.1.Infotainment
4.1.1.Market size and forecast, by region, 2019-2026
4.1.2.Comparative market share analysis, 2019&2026
4.2.Vehicle management & telematics
4.2.1.Market size and forecast, by region, 2019-2026
4.2.2.Comparative market share analysis, 2019&2026
4.3.Driver assistance
4.3.1.Market size and forecast, by region, 2019-2026
4.3.2.Comparative market share analysis, 2019&2026
4.4.Insurance
4.4.1.Market size and forecast, by region, 2019-2026
4.4.2.Comparative market share analysis, 2019&2026
4.5.Safety
4.5.1.Market size and forecast, by region, 2019-2026
4.5.2.Comparative market share analysis, 2019&2026
5.Connected Motorcycle Market, by Hardware
5.1.Tethered
5.1.1.Market size and forecast, by region, 2019-2026
5.1.2.Comparative market share analysis, 2019&2026
5.2.Embedded
5.2.1.Market size and forecast, by region, 2019-2026
5.2.2.Comparative market share analysis, 2019&2026
5.3.Integrated
5.3.1.Market size and forecast, by region, 2019-2026
5.3.2.Comparative market share analysis, 2019&2026
6.Connected Motorcycle Market,by End-Use Industry
6.1.Commercial
6.1.1.Market size and forecast, by region, 2019-2026
6.1.2.Comparative market share analysis, 2019&2026
6.2.Private
6.2.1.Market size and forecast, by region, 2019-2026
6.2.2.Comparative market share analysis, 2019&2026
7.Connected Motorcycle Market, by region
7.1.North America
7.1.1.Market size and forecast, by service, 2019-2026
7.1.2.Market size and forecast, by hardware, 2019-2026
7.1.3.Market size and forecast, by network type, 2019-2026
7.1.4.Market size and forecast, by communication type, 2019-2026
7.1.5.Market size and forecast, by end use industry type, 2019-2026
7.1.6.Market size and forecast, by country, 2019-2026
7.1.7.Comparative market share analysis, 2019&2026
7.1.8.U.S.
7.1.8.1.Market size and forecast, by service, 2019-2026
7.1.8.2.Market size and forecast, by hardware, 2019-2026
7.1.8.3.Market size and forecast, by end use industry type, 2019-2026
7.1.8.4.Comparative market share analysis, 2019&2026
7.1.9.Canada
7.1.9.1.Market size and forecast, by service, 2019-2026
7.1.9.2.Market size and forecast, by hardware, 2019-2026
7.1.9.3.Market size and forecast, by end use industry type, 2019-2026
7.1.9.4.Comparative market share analysis, 2019&2026
7.1.10.Mexico
7.1.10.1.Market size and forecast, by service, 2019-2026
7.1.10.2.Market size and forecast, by hardware, 2019-2026
7.1.10.3.Market size and forecast, by end use industry type, 2019-2026
7.1.10.4.Comparative market share analysis, 2019&2026
7.2.Europe
7.2.1.Market size and forecast, by service, 2019-2026
7.2.2.Market size and forecast, by hardware, 2019-2026
7.2.3.Market size and forecast, by end use industry type, 2019-2026
7.2.4.Market size and forecast, by country, 2019-2026
7.2.5.Comparative market share analysis, 2019&2026
7.2.6.Germany
7.2.6.1.Market size and forecast, by service, 2019-2026
7.2.6.2.Market size and forecast, by hardware, 2019-2026
7.2.6.3.Market size and forecast, by end use industry type, 2019-2026
7.2.6.4.Comparative market share analysis, 2019&2026
7.2.7.UK
7.2.7.1.Market size and forecast, by service, 2019-2026
7.2.7.2.Market size and forecast, by hardware, 2019-2026
7.2.7.3.Market size and forecast, by end use industry type, 2019-2026
7.2.7.4.Comparative market share analysis, 2019&2026
7.2.8.France
7.2.8.1.Market size and forecast, by service, 2019-2026
7.2.8.2.Market size and forecast, by hardware, 2019-2026
7.2.8.3.Market size and forecast, by end use industry type, 2019-2026
7.2.8.4.Comparative market share analysis, 2019&2026
7.2.9.Spain
7.2.9.1.Market size and forecast, by service, 2019-2026
7.2.9.2.Market size and forecast, by hardware, 2019-2026
7.2.9.3.Market size and forecast, by end use industry type, 2019-2026
7.2.9.4.Comparative market share analysis, 2019&2026
7.2.10.Italy
7.2.10.1.Market size and forecast, by service, 2019-2026
7.2.10.2.Market size and forecast, by hardware, 2019-2026
7.2.10.3.Market size and forecast, by end use industry type, 2019-2026
7.2.10.4.Comparative market share analysis, 2019&2026
7.2.11.Rest of Europe
7.2.11.1.Market size and forecast, by service, 2019-2026
7.2.11.2.Market size and forecast, by hardware, 2019-2026
7.2.11.3.Market size and forecast, by end use industry type, 2019-2026
7.2.11.4.Comparative market share analysis, 2019&2026
7.3.Asia Pacific
7.3.1.Market size and forecast, by service, 2019-2026
7.3.2.Market size and forecast, by hardware, 2019-2026
7.3.3.Market size and forecast, by end use industry type, 2019-2026
7.3.4.Market size and forecast, by country, 2019-2026
7.3.5.Comparative market share analysis, 2019&2026
7.3.6.China
7.3.6.1.Market size and forecast, by service, 2019-2026
7.3.6.2.Market size and forecast, by hardware, 2019-2026
7.3.6.3.Market size and forecast, by end use industry type, 2019-2026
7.3.6.4.Comparative market share analysis, 2019&2026
7.3.7.India
7.3.7.1.Market size and forecast, by service, 2019-2026
7.3.7.2.Market size and forecast, by hardware, 2019-2026
7.3.7.3.Market size and forecast, by end use industry type, 2019-2026
7.3.7.4.Comparative market share analysis, 2019&2026
7.3.8.Australia
7.3.8.1.Market size and forecast, by service, 2019-2026
7.3.8.2.Market size and forecast, by hardware, 2019-2026
7.3.8.3.Market size and forecast, by end use industry type, 2019-2026
7.3.8.4.Comparative market share analysis, 2019&2026
7.3.9.Rest of Asia Pacific
7.3.9.1.Market size and forecast, by service, 2019-2026
7.3.9.2.Market size and forecast, by hardware, 2019-2026
7.3.9.3.Market size and forecast, by end use industry type, 2019-2026
7.3.9.4.Comparative market share analysis, 2019&2026
7.4.LAMEA
7.4.1.Market size and forecast, by service, 2019-2026
7.4.2.Market size and forecast, by hardware, 2019-2026
7.4.3.Market size and forecast, by end use industry type, 2019-2026
7.4.4.Market size and forecast, by country, 2019-2026
7.4.5.Comparative market share analysis, 2019&2026
7.4.6.Latin America
7.4.6.1.Market size and forecast, by service, 2019-2026
7.4.6.2.Market size and forecast, by hardware, 2019-2026
7.4.6.3.Market size and forecast, by end use industry type, 2019-2026
7.4.6.4.Comparative market share analysis, 2019&2026
7.4.7.Middle East
7.4.7.1.Market size and forecast, by service, 2019-2026
7.4.7.2.Market size and forecast, by hardware, 2019-2026
7.4.7.3.Market size and forecast, by end use industry type, 2019-2026
7.4.7.4.Comparative market share analysis, 2019&2026
7.4.8.Africa
7.4.8.1.Market size and forecast, by service, 2019-2026
7.4.8.2.Market size and forecast, by hardware, 2019-2026
7.4.8.3.Market size and forecast, by end use industry type, 2019-2026
7.4.8.4.Comparative market share analysis, 2019&2026
8.Company profiles
8.1.BMW AG
8.1.1.Business overview
8.1.2.Financial performance
8.1.3.Product portfolio
8.1.4.Recent strategic moves & developments
8.1.5.SWOT analysis
8.2.Autotalks Ltd.
8.2.1.Business overview
8.2.2.Financial performance
8.2.3.Product portfolio
8.2.4.Recent strategic moves & developments
8.2.5.SWOT analysis
8.3.Panasonic Corporation
8.3.1.Business overview
8.3.2.Financial performance
8.3.3.Product portfolio
8.3.4.Recent strategic moves & developments
8.3.5.SWOT analysis
8.4.KPIT
8.4.1.Business overview
8.4.2.Financial performance
8.4.3.Product portfolio
8.4.4.Recent strategic moves & developments
8.4.5.SWOT analysis
8.5.Robert Bosch GmbH
8.5.1.Business overview
8.5.2.Financial performance
8.5.3.Product portfolio
8.5.4.Recent strategic moves & developments
8.5.5.SWOT analysis
8.6.TE Connectivity
8.6.1.Business overview
8.6.2.Financial performance
8.6.3.Product portfolio
8.6.4.Recent strategic moves & developments
8.6.5.SWOT analysis
8.7.Vodafone Idea Limited
8.7.1.Business overview
8.7.2.Financial performance
8.7.3.Product portfolio
8.7.4.Recent strategic moves & developments
8.7.5.SWOT analysis
8.8.Starcom Systems Ltd
8.8.1.Business overview
8.8.2.Financial performance
8.8.3.Product portfolio
8.8.4.Recent strategic moves & developments
8.8.5.SWOT analysis
8.9.Continental AG
8.9.1.Business overview
8.9.2.Financial performance
8.9.3.Product portfolio
8.9.4.Recent strategic moves & developments
8.9.5.SWOT analysis
8.10.DXC Technology Company
8.10.1.Business overview
8.10.2.Financial performance
8.10.3.Product portfolio
8.10.4.Recent strategic moves & developments
8.10.5.SWOT analysis
Connected motorcycles is the new age technology in the IoT and automotive industry. These motorcycles are self-driving vehicles that have ability to connect to the surrounding infrastructure or with other riders. The highly advanced system of these connected motorcyclesprovides alerts to the rider by primarily reading the roads by notingtraffic, potholes, obstacles, road curves, and construction activities on the roads.
As per Research Dive blog , the connected motorcycles are helping in improving lives by monitoring things like routes and potential accident spots on the roadways. Now, IoT in combination with big data is syndicating with edge devices in orderto deliver real-time warnings. This is further preventing one of the most fatal disasters on the roadways i.e. motorcycle accidents.
Recent Developments in Connected Motorcycle Market
Using Internet of Things (IoT) technology in motorcycles provides more precision and safety to the riders as well as the people present on the roadways. The smart sensors in the connected motorcycles notifies the rider regarding the maintenance of the vehicle which helps in preventing the problem of motorcycle breakdown. The technology is advancing and the top gaining players of the global connected motorcycles industry are coming up with new technological advancements and novel products by focusing on consumers’ safety.
For instance, in 2016, Yamaha, Honda, and BMW Motorrad together founded the Connected Motorcycle Consortium (CMC). It was followed soon after by Suzuki, KTM, and Kawasaki. The main objective behind founding CMC is establish the basis for technological innovations that integrates motorcycles in a cooperative intelligent transport system (C-ITS), which ensures safety on-road through networked communications and connectivity between them.
In 2017, an Israel-based company of fabless semiconductor, Autotalks, launched a novel connected motorcycle namely, “bike to-vehicle (B2V)”. The focus of the company behing introducing this technology was to prevent motorcycle accidents.
In April 2018,Autotalks joined the CMC (Connected Motorcycle Consortium). The company is working with the members of CMC with an aim to realize the uniform vision of motorcycles platform. The focus of Autotalks is to enhance the co-operative intelligent systems of transportation applications in motorcycles to help reduce road accidents.
In February 2019,the California-based Zero Motorcycles launched a new IoT-enabled motorcycle. Zero Motorcycles is a leading provider of IoT-enabled and electric motorcycles cross the U.S. The company also showcased the new connected motorcycle at different exhibitions in New York and Amsterdam.
Forecast Analysis of Connected Motorcycles Industry
Global connected motorcycle market is estimated to witness a positive growth during the forecast period. Technology is playing a crucial role in creating massive opportunities for the vendors in the global market. Increasing trend towards IoT-enabled motorcycles is also predicted to drive the market growth from 2019 to 2026. However, lack of IoT infrastructure in the developing economies is restricting the growth of connected motorcycle market.
Rising popularity of premium bikes and versatile applications of connected motorcycles all across the globe are substantial factors giving substantial uplift to the growth of connected motorcycle market in the coming years. As per the Research Dive report statistics, the connected motorcycle market is expected to rise at a CAGR of 46.4% by the end of 2026. Geographically, the Asia Pacific region is likely to create huge growth opportunities for the prominent players in the market owing to rising per-capita income of people and increasing sales of premium bikes in this region. In addition, the report profiles prominent players operating in the global market who are focusing more on introducing technology innovations and novel product development to maintain a strong position in the global industry.
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