Connected Motorcycle Market Size, Share, Trends, Growth 2032

Connected Motorcycle Market Insights

According to Zion Market Research, the global Connected Motorcycle Market was worth USD 111.42 Million in 2023. The market is forecast to reach USD 2670.69 Million by 2032, growing at a compound annual growth rate (CAGR) of 42.33% during the forecast period 2024-2032.

The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Connected Motorcycle industry over the next decade.

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This report analyzes and estimates the Connected Motorcycle market at global, regional, and country level. The research study provides historic data from 2018 to 2022 along with forecast from 2024 to 2032 based on value (USD Million). The report offers detailed insights of the Connected Motorcycle market drivers and restraints along with their impact analysis at global level from 2024 to 2032.

The report covers in-depth analysis of the strategies adopted by major competitors in the global Connected Motorcycle market. To understand the competitive landscape in the global Connected Motorcycle market, an analysis of Porter’s Five Forces model is also included. The research study comprises of market attractiveness analysis, wherein all the segments are benchmarked on the basis of their market size and growth rate.

Connected Motorcycle Market: Growth Drivers

Increasing consumer demand for high safety and driver assistance features in their motorcycles for a comfortable and safe drive is one of the primary factors anticipated to fuel the growth of the global Connected Motorcycle market. The mass commercialization of connected motorcycles along with the rising future availability of 5G technology will supplement the Connected Motorcycles market expansion.

Additionally, the increasing developments in OEMs in various regions, especially Japan, and the collaborations among myriad automotive industries are expected to propel the market expansion. Furthermore, the need for standardization of traffic flow in urban regions to decrease overcrowding and lessen fatal accidents is projected to bolster the demand for driver assistance services in motorcycles, thereby booming the Connected Motorcycle market during the forecast timeframe.

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The partnering of governments of major countries with car manufacturers and road infrastructure developers for developing an intelligent traffic management system to analyze real-time information would help increase the sales of connected motorcycles across the globe. Moreover, the escalating demand for telematics-based vehicle management services is estimated to grow with an increasing preference for high-performance connected motorcycles.

Connected Motorcycle Market: Segmentation

The research study provides a decisive view on the global Connected Motorcycle market based on Service, Network Type, Communication Type, Hardware, Calling Service, End-User, and Region.

On the basis of service, the global Connected Motorcycle market is segregated into Driver Assistance, Safety, Vehicle Management & Telematics, Infotainment, and Insurance.

Based on network type, the market is segmented into Cellular V2X and Dedicated Short Range Communication.

In terms of communication type, the market for connected motorcycle is sectored into V2V and V2I.

By Hardware, the market is divided into Embedded and Tethered.

On the basis of calling service, the global Connected Motorcycle market is categorized into eCall, bCall, and iCall.

By end-user, the market is classified into Private and Commercial.

Connected Motorcycle Market: Report Scope

Connected Motorcycle Market: State Analysis

The regional segmentation comprises the past, present, and estimated demand for the Middle East & Africa, North America, Asia Pacific, Latin America, and Europe. The regional segment is further split into the U.S., Canada, Mexico, UK, France, Germany, China, Japan, India, South Korea, Brazil, and Argentina among others.

Connected Motorcycle Market: Competitive Analysis

Some of the key players in the global Connected Motorcycle market are Continental AG

• Panasonic Corporation
• TE Connectivity
• BMW Motorrad
• Robert Bosch GmbH
• Starcom Systems
• Autotalk
• Vodafone
• KPIT

The report on the global Connected Motorcycle market is segmented into:

By Service Segmentation Analysis

• Driver Assistance
• Infotainment
• Safety
• Vehicle Management & Telematics
• Insurance

By Hardware Segmentation Analysis

• Embedded
• Tethered

By Network Type Segmentation Analysis

• Cellular V2X
• Dedicated Short Range Communication

By Communication Type Segmentation Analysis

• V2V
• V2I

By End-User Segmentation Analysis

• Private
• Commercial

By Calling Service Segmentation Analysis

• eCall
• bCall
• iCall

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa