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Global Increasing Focus on Safety & Driver Assistance Features is Driving the Growth of the Connected Motorcycle Market - ResearchAndMarkets.com

January 22, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 22, 2020--

The “Connected Motorcycle Market by Service (Driver Assistance, Safety, Vehicle Management & Telematics, Infotainment, Insurance), Network (Cellular, DSRC), Calling Service (eCall, bCall), End User, Communication, Hardware, and Region - Global Forecast to 2027” report has been added to ResearchAndMarkets.com’s offering.

The global connected motorcycle market is projected to grow from USD 39 million in 2019 to USD 912 million by 2027, at a CAGR of 48.3%.

The market is driven by the rising demand for safety and comfort of motorcyclists. Increasing initiatives by motorcycle manufacturers and road safety authorities to minimize fatal road accidents would increase the demand for connected safety features. OEMs are proactively including advanced rider assistance systems in their upcoming motorcycles to increase rider safety. Existing safety systems such as motorcycle stability control can be more effective if these systems can communicate with other road users to provide scenario-based safety features for motorcyclists. Asia Pacific is estimated to lead the connected motorcycle industry due to increasing motorcycle sales in the region.

Demand for vehicle management & telematics services is likely to drive the growth of the connected motorcycle market during the forecast period.

The demand for vehicle management solutions would increase during the forecast period due to the wide usage of low-cost Bluetooth modules in automotive and need for easy access to electric motorcycle battery status and timely diagnosis of high-performance engines. Low-cost Bluetooth modules can be easily integrated into budget segment motorcycles. Hence, connectivity services are not limited to high-end premium motorcycles. Budget motorcycles would offer limited but essential services to attract new customers. Also, electric motorcycles now have features that allow riders track real-time battery status and plan their trip accordingly.

Asia Pacific connected motorcycle market is expected to grow at the highest CAGR during the forecast period.

The Asia Pacific region comprises major motorcycle markets such as China, India, Indonesia, Philippines, and Vietnam. The region accounted for more than 90% of the global motorcycle sales in 2018. As two-wheelers are a preferred mode of transportation due to affordability and low maintenance, Asian countries such as India, Thailand, Indonesia, and Vietnam have a high motorcycle penetration. Mid and budget segment motorcycles dominate the market in these countries. However, with a steady increase in disposable income and rising demand for high-performance motorcycles, the region has attracted a number of premium motorcycle manufacturers.

The region is home to some of the most innovative motorcycle manufacturers such as Honda, Kawasaki, Yamaha, and Suzuki. These OEMs are taking active participation in the Connected Motorcycle Consortium to develop connectivity services for motorcycles. Increasing collaborations to provide a safe and comfortable riding experience will boost the adoption of connected motorcycles in the region.

Europe is estimated to be the largest connected motorcycle market in 2019.

Europe is estimated to be the largest market for connected motorcycles in 2019. Leading OEMs such as BMW Motorrad and Triumph Motorcycles have introduced connected motorcycles. These companies plan to launch an increasing number of connected motorcycles in 2020. Triumph Motorcycles plans to introduce connectivity services in upcoming models such as Street Triple RS, Tiger 900 GT, Street Triple R & RS, and Speed Triple S & RS.

The growth of connected motorcycle market in Europe can be attributed to several innovations and presence of premium motorcycle manufacturers in this region. Europe home to OEMs such as BMW Motorrad, Triumph Motorcycles, and KTM and component manufacturers such as Continental AG and Robert Bosch GmbH. These manufacturers have collaborated to develop connected motorcycles. BMW has already launched connected motorcycles such as F 750 GS, F 850 GS, R 1250 GS, and R 1250 GS Adventure in the European market. Other manufacturers are expected to follow suit with their connectivity services offerings.

Key Benefits of Buying the Report:

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.3 Market Scope

1.4 Limitations

1.5 Stakeholders

2 Research Methodology

2.1 Research Data

2.2 Market Size Estimation

2.3 Market Breakdown and Data Triangulation

2.4 Assumptions

2.5 Risk Assessment & Ranges

3 Executive Summary

4 Premium Insights

4.1 Connected Motorcycle Market to Grow at A Significant Rate During the Forecast Period (2019-2027)

4.2 Europe is Estimated to Lead the Global Connected Motorcycle Market in 2019

4.3 Connected Motorcycle Market, By Hardware and End User

4.4 Connected Motorcycle Market, By Service

4.5 Connected Motorcycle Market, By Hardware

4.6 Connected Motorcycle Market, By Network Type

4.7 Connected Motorcycle Market, By Communication Type

4.8 Connected Motorcycle Market, By End User

5 Market Overview

5.1 Introduction

5.2 Operational Data

5.3 Market Dynamics

5.4 Impact of Market Dynamics

5.5 Revenue Shift Driving Market Growth

5.6 Revenue Missed: Opportunities for Motorcycle Connectivity Service Providers

5.7 Connected Motorcycle Market, Scenarios (2020-2027)

6 Industry Trends

6.1 Introduction

6.2 Technological Overview

6.3 Porters Five Forces

6.4 Connected Motorcycle: Technology Roadmap

7 Connected Motorcycle Market, By Calling Service

7.1 Introduction

7.2 Emergency Call (eCall)

7.3 Breakdown Call (bCall)

7.4 Information Call (iCall)

7.5 Market Leaders

8 Connected Motorcycle Market, By Service

8.1 Introduction

8.2 Research Methodology

8.3 Assumptions

8.4 Driver Assistance

8.5 Infotainment

8.6 Safety

8.7 Vehicle Management & Telematics

8.8 Insurance

8.9 Market Leaders

9 Connected Motorcycle Market, By Hardware

9.1 Introduction

9.2 Research Methodology

9.3 Assumptions

9.4 Embedded

9.5 Tethered

9.6 Market Leaders

10 Connected Motorcycle Market, By Communication Type

10.1 Introduction

10.2 Research Methodology

10.3 Assumptions

10.4 V2V

10.5 V2I

10.6 Market Leaders

11 Connected Motorcycle Market, By Network Type

11.1 Introduction

11.2 Research Methodology

11.3 Assumptions

11.4 Cellular V2X (C-V2X)

11.5 Dedicated Short Range Communication (DSRC)

11.6 Market Leaders

12 Connected Motorcycle Market, By End User

13 Connected Motorcycle Market, By Region

13.1 Introduction

13.2 Operational Data

13.3 Asia Pacific

13.4 Europe

13.5 North America

13.6 Latin America

13.7 Rest of the World (RoW)

14 Recommendations

14.1 Europe Will Be the Key Market for Connected Motorcycle

14.2 Connected Features in Budget Motorcycles Can Be A Key Focus for Manufacturers

14.3 Conclusion

15 Competitive Landscape

15.1 Overview

15.2 Market Ranking Analysis

15.3 Competitive Leadership Mapping

15.4 Strength of Product Portfolio

15.5 Business Strategy Excellence

15.6 Winners vs Losers

15.7 Competitive Scenario

16 Company Profiles

16.1 Robert Bosch GmbH

16.2 Continental AG

16.3 Starcom Systems LTD

16.4 Vodafone

16.5 BMW Group

16.6 TE Connectivity

16.7 Panasonic Corporation

16.8 Aeris

16.9 Kpit

16.10 Autotalks LTD

16.11 DXC Technology

16.12 Iav

16.13 Facomsa

16.14 Other Key Players

16.14.1 Asia Pacific Kawasaki Embien Technologies

16.14.2 Europe Piaggio Group Telefnica Cubic Telecom E-Novia Triumph Motorcycles

16.14.3 North America Harman

For more information about this report visit https://www.researchandmarkets.com/r/n99za0

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