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

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:

• 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.

• 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.

• 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.

• 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.

• 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

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
 

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