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With a CAGR of 40.6% between 2023 and 2030, the global connected motorbike market is expected to grow from its 2022 valuation of $35.9 mln to reach $304.8 mln by 2030. Revenue-wise, the global connected motorcycle market in 2019 was led by Europe, while LAMEA is expected to develop at a staggering clip over the course of the forecast.
Connectivity for people, machines, and things is accelerated via 5G networks. Increased use of this system has improved motorcycle safety and allowed for more consistent communication. Furthermore, 5G technology drastically decreases the air latency by around a millisecond, allowing devices to get responses to requests much more quickly. To further facilitate enhanced connectivity between these motorcycles and external devices, many telecommunications firms are developing cutting-edge 5G networks.
There will be monetary gains from implementing 5G technology. The 5G Automobile Association conducted a study showing that by 2035, Europe would receive about 43 million euros in revenue from traffic efficiency and improvement in road safety, thanks in large part to the implementation of collaborative intelligent transportation systems (C-ITS). As a result, the introduction of 5G connectivity to the linked mobility is anticipated to cause a significant shift in the industry. Examples include the 5G IoT connection solutions for electric two-wheelers that were announced by Vodafone and Idea in October 2019. An IoT-based solution, including a bike location, geofencing, and real-time bike data and analysis, are provided by Vodafone Creative Business Services to Revolt Intellicorp as part of the agreement.
The performance, stability, handling, and controls of various motorcycle categories, such as cruisers, adventure bikes, scooters, and sport bikes, vary widely. Motorcyclists require a high level of agility and awareness because they have so little protection in the event of an accident. OEMs, governments, and road safety agencies all have a vested interest in reducing the prevalence of motorbike accidents. In the United States, for instance, motorcyclists account for 34 percent of road fatalities. NHTSA estimates that of the 5,458 motor vehicle incidents in the United States in 2020, 76% included riders and 24% involved passengers. Governments and motorcyclists also worry a lot about collisions with stationary objects. Rider mistake, such as excessive speed, insufficient handling, running wide on a curve, or a fall due to over braking, was a factor in 34% of motorcycles colliding fatally with stationary objects in 2020.
Motorcycles have a sparse standardisation of connectivity. Harmonised technical standards are essential for interoperability, and without them, it would be impossible for V2I or V2V communications to provide seamless and dependable connectivity. Several European countries, including Germany, Slovenia, Spain, Portugal, France, the Netherlands, and the United Kingdom, will have C-ITS (Cooperative Intelligent Transport Systems) for connected vehicles, road infrastructure, motorcyclists, and railway equipment by October 2019. Road Work Warning (RWW), In-Vehicle Signage (IVS), Other Hazardous Location Notifications (OHLN), and Green Light Optimal Speed Advisory (GLOSA) were among the first services implemented by the consortium. A key issue of user data privacy in Europe has not yet been addressed by the systems.
The introduction of the unified linked platform would be significantly aided by the global adoption of the General Data Protection Regulation (GDPR) for the sharing, tracking, and protection of user data. Even though there is no clear roadmap in place for future rollout and significant safety measures have not yet been included, future deployment is contingent on the success of the initial phase. However, in other nations like China, Japan, and the United States, uniform legislation and frameworks for connected automobiles are still in the works. Until a standardised framework is in place, the widespread use of fully connected cars and bikes is unlikely.
Report Coverage
Global Connected Motorcycle research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Connected Motorcycle report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Connected Motorcycle competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Connected Motorcycle market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Connected Motorcycle market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Connected Motorcycle market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ROBERT BOSCH GmbH, YAMAHA MOTOR CO., LTD, KAWASAKI HEAVY INDUSTRIES, LTD., AUTOTALKS LTD., BMW AG, AERIS, ZERO MOTORCYCLES, INC., TRIUMPH MOTORCYCLES, KTM AG (PIERER Mobility AG), HERO MOTOCORP LTD
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Connected Motorcycle market based on the below-mentioned segments:
Global Connected Motorcycle Market, By Type
Sport
Tour
Roadster
Heritage
Adventure
Others
Global Connected Motorcycle market, By Service
Driver assistance
Safety
Entertainment
Well-being
Vehicle management
Mobility management
Global Connected Motorcycle Market, By Calling Service
Emergency call (eCall)
Breakdown call (bCall)
Information call (iCall)
Global Connected Motorcycle market, Regional Analysis
Connectivity for people, machines, and things is accelerated via 5G networks. Increased use of this system has improved motorcycle safety and allowed for more consistent communication. Furthermore, 5G technology drastically decreases the air latency by around a millisecond, allowing devices to get responses to requests much more quickly. To further facilitate enhanced connectivity between these motorcycles and external devices, many telecommunications firms are developing cutting-edge 5G networks.
There will be monetary gains from implementing 5G technology. The 5G Automobile Association conducted a study showing that by 2035, Europe would receive about 43 million euros in revenue from traffic efficiency and improvement in road safety, thanks in large part to the implementation of collaborative intelligent transportation systems (C-ITS). As a result, the introduction of 5G connectivity to the linked mobility is anticipated to cause a significant shift in the industry. Examples include the 5G IoT connection solutions for electric two-wheelers that were announced by Vodafone and Idea in October 2019. An IoT-based solution, including a bike location, geofencing, and real-time bike data and analysis, are provided by Vodafone Creative Business Services to Revolt Intellicorp as part of the agreement.
The performance, stability, handling, and controls of various motorcycle categories, such as cruisers, adventure bikes, scooters, and sport bikes, vary widely. Motorcyclists require a high level of agility and awareness because they have so little protection in the event of an accident. OEMs, governments, and road safety agencies all have a vested interest in reducing the prevalence of motorbike accidents. In the United States, for instance, motorcyclists account for 34 percent of road fatalities. NHTSA estimates that of the 5,458 motor vehicle incidents in the United States in 2020, 76% included riders and 24% involved passengers. Governments and motorcyclists also worry a lot about collisions with stationary objects. Rider mistake, such as excessive speed, insufficient handling, running wide on a curve, or a fall due to over braking, was a factor in 34% of motorcycles colliding fatally with stationary objects in 2020.
Motorcycles have a sparse standardisation of connectivity. Harmonised technical standards are essential for interoperability, and without them, it would be impossible for V2I or V2V communications to provide seamless and dependable connectivity. Several European countries, including Germany, Slovenia, Spain, Portugal, France, the Netherlands, and the United Kingdom, will have C-ITS (Cooperative Intelligent Transport Systems) for connected vehicles, road infrastructure, motorcyclists, and railway equipment by October 2019. Road Work Warning (RWW), In-Vehicle Signage (IVS), Other Hazardous Location Notifications (OHLN), and Green Light Optimal Speed Advisory (GLOSA) were among the first services implemented by the consortium. A key issue of user data privacy in Europe has not yet been addressed by the systems.
The introduction of the unified linked platform would be significantly aided by the global adoption of the General Data Protection Regulation (GDPR) for the sharing, tracking, and protection of user data. Even though there is no clear roadmap in place for future rollout and significant safety measures have not yet been included, future deployment is contingent on the success of the initial phase. However, in other nations like China, Japan, and the United States, uniform legislation and frameworks for connected automobiles are still in the works. Until a standardised framework is in place, the widespread use of fully connected cars and bikes is unlikely.
Report Coverage
Global Connected Motorcycle research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Connected Motorcycle report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Connected Motorcycle competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Connected Motorcycle market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2022 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2021 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | ROBERT BOSCH GmbH, YAMAHA MOTOR CO., LTD, KAWASAKI HEAVY INDUSTRIES, LTD., AUTOTALKS LTD., BMW AG, AERIS, ZERO MOTORCYCLES, INC., TRIUMPH MOTORCYCLES, KTM AG (PIERER Mobility AG), HERO MOTOCORP LTD |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Connected Motorcycle Market from 2021 to 2030.
- Market Forecast for Connected Motorcycle Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Connected Motorcycle competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Connected Motorcycle
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Connected Motorcycle market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Connected Motorcycle market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
ROBERT BOSCH GmbH, YAMAHA MOTOR CO., LTD, KAWASAKI HEAVY INDUSTRIES, LTD., AUTOTALKS LTD., BMW AG, AERIS, ZERO MOTORCYCLES, INC., TRIUMPH MOTORCYCLES, KTM AG (PIERER Mobility AG), HERO MOTOCORP LTD
Primary Target Market
- Market Players of Connected Motorcycle
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. INFINITIVE DATA EXPERT has segmented the global Connected Motorcycle market based on the below-mentioned segments:
Global Connected Motorcycle Market, By Type
Sport
Tour
Roadster
Heritage
Adventure
Others
Global Connected Motorcycle market, By Service
Driver assistance
Safety
Entertainment
Well-being
Vehicle management
Mobility management
Global Connected Motorcycle Market, By Calling Service
Emergency call (eCall)
Breakdown call (bCall)
Information call (iCall)
Global Connected Motorcycle market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
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