Connected Motorcycle Market High-Flying Market Size to Drive Big Profits in the Future | BMW AG, Hero MotoCorp Ltd., Kawasaki Heavy Industries

PRESS RELEASE
Published January 9, 2024

Report Ocean recently added a research report on “Connected Motorcycle Market”. The report includes an extensive analysis of the market’s characteristics, COVID-19 impact, size and growth, segmentation, regional and country breakdowns, competitive environment, market shares, trends, and strategies. In addition, it traces the development of the market over time and projects regional market growth. It compares the market to other markets and situates it in relation to the larger market.

Connected motorcycles can be defined as vehicles that are equipped with wireless connectivity network that allows motorcycles to access internet and share data with riders as well as service centers. In addition, connected motorcycles are equipped with additional features, which provides ride with additional features such as vehicle diagnosis, navigation, and driver assistance. Moreover, connected motorcycles also offer emergency calling services, which automatically calls service centers for help in case of an accident.

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The connected motorcycle market has witnessed significant growth over the years, owing to growth in trend of connected mobility and increase in demand for security and safety features. The global connected motorcycle market is segmented into connectivity network, connectivity solution, calling service, services, type, and region. On the basis of connectivity network, the market is categorized into cellular and dedicated short-range communication. By connectivity solution, it is segregated into integrated, embedded, and tethered.

Depending on calling service, it is fragmented into emergency call (eCall), breakdown call (bCall), and information call (iCall). On the basis of services, it is classified into driver assistance, safety, entertainment, well-being, vehicle management, and mobility management. By type, it is divided into sport, tour, roadster, heritage, adventure, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players analyzed in the Connected Motorcycle market include Aeris, Autotalks Ltd., BMW AG, Hero MotoCorp Ltd., Kawasaki Heavy Industries, Ltd., KTM AG (PIERER Mobility AG), Robert Bosch GmbH, Triumph Motorcycles, Yamaha Motor Co., Ltd., Zero Motorcycles, Inc. and others.

Key Developments in the Connected Motorcycle Market Related Study:

Introduction to Connected Motorcycle Market

The Connected Motorcycle market is undergoing transformative developments propelled by the integration of advanced connectivity technologies into motorcycles. As the automotive industry embraces the era of smart and connected vehicles, motorcycles are not exempt from this evolution. Key trends and innovations are reshaping the Connected Motorcycle market, enhancing safety, connectivity, and overall rider experience.

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Integration of IoT and Telematics Technologies

A pivotal development in the Connected Motorcycle market is the integration of Internet of Things (IoT) and telematics technologies. These systems enable motorcycles to communicate with other vehicles, infrastructure, and external platforms. By leveraging sensors and connectivity, motorcycles can provide real-time data on their status, location, and performance, contributing to enhanced safety and personalized riding experiences.

Enhanced Rider Assistance Systems

Connected motorcycles are incorporating advanced rider assistance systems that leverage connectivity to enhance safety and convenience. Features such as collision warning systems, blind-spot detection, and adaptive cruise control utilize data from sensors and communication modules to provide riders with real-time information and assist in mitigating potential risks on the road.

Connectivity for Navigation and Location-Based Services

The integration of connectivity into motorcycles enables advanced navigation and location-based services. Connected motorcycles can access real-time traffic data, weather updates, and points of interest, providing riders with optimized route guidance. This connectivity enhances the overall navigation experience, contributing to efficient and enjoyable rides.

Vehicle-to-Everything (V2X) Communication

Connected motorcycles are increasingly adopting Vehicle-to-Everything (V2X) communication, allowing them to communicate with other vehicles and infrastructure elements. V2X technology enables motorcycles to receive information about surrounding traffic conditions, road hazards, and signals, enhancing situational awareness and promoting safer riding practices.

Smartphone Integration and Mobile Apps

Smartphone integration is a prevalent trend in the Connected Motorcycle market, with manufacturers developing dedicated mobile apps to complement motorcycle connectivity. These apps often offer features such as remote vehicle monitoring, maintenance alerts, and social connectivity for riders. Seamless integration with smartphones enhances the overall connectivity experience and fosters a sense of community among riders.

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Cybersecurity Measures for Connected Motorcycles

As motorcycles become more connected, the industry is placing increased emphasis on cybersecurity measures. The Connected Motorcycle market is witnessing developments in securing vehicle-to-cloud communication, protecting sensitive rider data, and implementing measures to prevent unauthorized access to critical vehicle systems. Ensuring the cybersecurity of connected motorcycles is crucial for maintaining rider trust and safety.

Data Analytics for Predictive Maintenance

Connected motorcycles are leveraging data analytics for predictive maintenance, allowing manufacturers and riders to anticipate potential issues before they occur. By analyzing data from various sensors and systems, predictive maintenance algorithms can identify patterns and trends, enabling timely servicing and minimizing the risk of breakdowns or component failures during rides.

KEY MARKET SEGMENTS
By Connectivity network
o Cellular
o Dedicated Short-Range Communication

By Connectivity Solution
o Integrated
o Embedded
o Tethered

By Calling Service
o Emergency call (eCall)
o Breakdown call (bCall)
o Information call (iCall)

By Services
o Driver assistance
o Safety
o Entertainment
o Well-being
o Vehicle management
o Mobility management

By Type
o Sport
o Tour
o Roadster
o Heritage
o Adventure
o Others

By Region
o North America
? U.S.
? Canada
? Mexico
o Europe
? UK
? Germany
? France
? Italy
? Rest of Europe
o Asia-Pacific
? China
? India
? Japan
? South Korea
? Rest of Asia-Pacific
o LAMEA
? Latin America
? Middle East
? Africa

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Table of Contents:

  1. Introduction and Scope
    1. Definition and Forecast Parameters
    2. Methodology and Forecast Parameters
    3. Information Sources
  2. Latest Trends Summary
    1. Regional Trends
    2. Product Trends
    3. End-Use Trends
    4. Business Trends
  3. Industry Insights
    1. Industry Fragmentation
    2. Industry Landscape
    3. Vendor Matrix
    4. Technological and Innovative Landscape
  4. Market by Region
    1. North America
    2. Latin America
    3. Europe
    4. Asia Pacific
    5. Middle East and Africa
  5. Company Profiles
    1. Company Overview
    2. Financial Elements
    3. Product Landscape
    4. SWOT Analysis
    5. Systematic Outlook

Answers to Important Questions

  • What is the boom possible of the imported market?
  • Which organization presently dominates the imported market? Will the organization proceed to dominate in the 2024-2032 forecast period?
  • What are the fundamental techniques that gamers need to undertake in the coming years?
  • Which regional market have to invulnerable the biggest market share?
  • How will the aggressive panorama alternate in the future?
  • What must gamers do to adapt to future aggressive changes?
  • What will be the complete manufacturing and consumption in the imported market by using 2032?
  • What are the subsequent key technologies? What influence will they have on the imported industry?
  • Which product section is anticipated to exhibit the best CAGR?
  • Which app is predicted to acquire the biggest market share?

This Report Provides:

  • Assessment of the worldwide enterprise trends, ancient data from 2024, projections for the coming years, and anticipation of compound annual growth expenses (CAGR) via capability of the give up of the forecast period.
  • Discoveries of new market chances and focused marketing methodologies for Market.
  • Discussion of R&D, and the demand for new merchandise launches and applications. Wide-ranging enterprise agency profiles of major contributors in the industry.
  • The composition of the market, in phrases of dynamic molecule varieties and targets, underlining the principal corporation sources and players.
  • The boom in affected man or woman epidemiology and market earnings for the market globally and during the key game enthusiasts and market segments.
  • Study the market in phrases of fashionable and top classification product revenue.
  • Determine commercial enterprise probabilities in the market profits situation via inspecting trends in authorizing and co-development deals.

The Main Goals of Report Are:=

  • To examine and assignment the extent of the international market for the market sector.
  • To Researching the important gamers globally, their SWOT analysis, market value, and market share.
  • To identify, describe, and mission market based totally on type, quit use, and geography.
  • To take a look at the market advantages, challenges, dangers, and constraints in the world’s principal regions.
  • To pick out key traits and variables that are advertising or inhibiting market growth.
  • To decide the excessive increase segments in order to have a look at the market potentialities for stakeholders.
  • To consider every submarket fastidiously in phrases of its very own boom sample and market contribution.
  • To know market possessions, agreements, growth, and the introduction of new merchandise as aggressive advances.
  • To strategically discover the essential gamers and completely take a look at their enlargement plans.

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