Connected Motorcycle Trends and Forecast
The future of the global connected motorcycle market looks promising with opportunities in the commercial and private markets. The global connected motorcycle market is expected to reach an estimated $0.3 billion by 2030 with a CAGR of 32.3% from 2024 to 2030. The major drivers for this market are increasing integration of safety and security functionalities in motorcycles and growing inclination for high-end motorbikes, rising need for enhanced capabilities, and instantaneous diagnoses.
Lucintel forecasts that embedded will remain the largest segment over the forecast period due to independence from external devices.
Within this market, commercial will remain the largest segment due to integrated motorcycles enhancing maintenance awareness.
Europe will remain the largest region over the forecast period due to presence of key market players.
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Emerging Trends in the Connected Motorcycle Market
Several budding trends shape the future of the Connected Motorcycle market. These have been an indication of the recent advances in technology, a change in consumer preference, and how the industry is working out its standards.
• 5G Integration: The adaptation of 5G technology enhances connectivity and amplifies the data transfer rate for motorcycles. Real-time communication is enabled between vehicles, infrastructure, and riders by better navigation, enhancing safety features in riding. The integration of 5G technology enables higher reactivity and more powerful connectivity in various applications.
• Advanced Safety Features: Also, it can be viewed that connected motorcycles possess more value-added safety features such as collision avoidance, adaptive cruise control, and automated emergency braking, which would enhance bikersÄX%$%X riding safety through real-time warnings and automated responses with a view to preventing accidents.
• Improved Vehicle-to-Everything Communication: V2X communication allows a connected motorcycle to interact with other vehicles, traffic lights, and infrastructure, while it improves situational awareness and enhances traffic management, making riding safer and more efficient. With the V2X, communications will provide features such as real-time traffic updates and hazard warnings.
• Smartphone Integration and App Connectivity: Connected motorcycles are increasingly offering integrations with smartphones and mobile applications as a norm. A biker now has an unprecedented level of convenience and control over everything in real time, from navigation to vehicle performance. This also opens the door for app connectivity in such areas as remote vehicle tracking and theft prevention.
• Sustainable and Eco-Friendly Solution: There is increased focus on the development of eco-friendly connected motorcycles, integrating electric powertrains and smart technologies that can optimize energy efficiency. Indeed, all these sustainable solutions have been attracting the interest of eco-conscious consumers and rhyming with global trends for carbon footprint reduction.
Trends that are currently emerging in this market include 5G Integrations, Advanced Safety Features, V2X Communication, Smartphone Connectivity, and Sustainable Solutions. The era of innovation will mark a change in the face of riding. These trends are thus forming the future of connected motorcycles in ways that improve their safety, efficiency, and environmental sustainability.
Recent Developments in the Connected Motorcycle Market
New developments within the realm of the Connected Motorcycle industry are rapidly changing with technological innovations, not to mention changing consumer demands. It is such development that may define the future of the industry, hence affecting the connected motorcycle design and usage.
• 5G Connectivity: The introduction of 5G into connected motorcycles is enabling them to transfer data at higher speeds and in a more reliable way. This means real-time connectivity between vehicles and infrastructure will be possible, which will enhance navigation, safety features, and overall performance.
• Advanced Safety Features: Connected motorcycles will also embed safety technologies such as collision avoidance systems, automated braking, and advanced rider assistance for protection. These can enhance the ridersÄX%$%X safety by updating them in real time and sending automatic responses to avoid potential hazards.
• Advanced Navigation Systems: Talking about navigation, the latest connected motorcycles have advanced systems that show real-time traffic updates, optimize routes based on the shortest distance criterion, and even provide interactive maps. This makes riding more enjoyable with updated information for users.
• Increased Ecological Sustainability: Greater emphasis is being laid on developing the motorcycle into an eco-friendly connected motorcycle, from having an electric powertrain to using other energy-efficient technologies that minimize the environmental impact from the use of motorcycles and integrate the same with global objectives on sustainability.
• Increased Smartphone Integration: The integration of the smartphone into the connected motorcycle has been on the rise. From smartphone apps offering vehicle diagnostics to locating the motorcycle and alerting capabilities, convenience and increased control over the riding experience are emerging.
Recent development of the Connected Motorcycle market includes 5G connectivity, increased safety features, navigation systems of higher capabilities, making the motorcycle eco-friendly, and integrating various features with smartphones. In this respect, this industry is showing tremendous growth in the field of the development of function, safety, and environmental performance concerning connected motorcycles.
Strategic Growth Opportunities for Connected Motorcycle Market
Strategic growth opportunities exist for the key applications in the Connected Motorcycle market. It helps in further encouraging the market expansion and competitive positioning of the market.
• Expansion into Emerging Markets: With the rapid development of middle-class people in some of the countries and growing acceptance, motorcycles present vast opportunities for further expansion into emerging markets. Companies can tap into new customer bases to capture increased demand for advanced and connected motorcycles in these regions.
• Advanced Safety Solutions: So, investment in state-of-the-art safety features like collision avoidance and automated emergency braking may give the manufacturer a much-needed headstart over competitors in aggressive markets. Enhanced state-of-the-art safety features are in great demand from consumers who are safety-conscious, and also it helps to meet evolving regulatory standards.
• Smart City Infrastructure Integration: The next integration of connected motorcycles will be done with smart city initiatives, thereby opening up an altogether different dimension in handling urban traffic for safety. Such integration may result in some very interesting solutions that can update traffic status in real time and also ensure better urban mobility.
• Electrification and Hybridization of Models: Development of electric and hybrid connected motorcycles addresses the increased focus on sustainability. Environmentally friendly options might just be what there is a growing need for amongst ecologically-sensitive consumers and importantly help reach regulatory goals related to emissions.
• Improved Mobile Connectivity and Applications: This can be furthered by the development of mobile connectivity features, put together with user-friendly app development, in order to enhance the rider experience. Some advanced functionalities being offered through apps include remote diagnostics and personalized riding data, which are some of the key factors that may impress technology-savvy customers and result in customer satisfaction.
Further opportunities for growth still arise from emerging markets, developing advanced safety solutions, integration with smart cities, innovative models of electric motorcycles, and increasing mobile connectivity. By taking advantage of these opportunities, a way can be provided to enhance competitiveness and support the evolution of the industry further.
Connected Motorcycle Market Driver and Challenges
The drivers and challenges include technological advancements, economic factors, and regulatory considerations. The following report highlights critical information necessary in establishing a way through the Connected Motorcycle market and reaching growth by understanding such factors.
The factors responsible for driving the connected motorcycle market include:
1. Technological Advancements: Innovative 5G connectivity technologies and advanced navigation systems are foreseen that shall power a connected motorcycle. These technologies make motorcycles perform better, safer, and easier to operate while, at the same time, enhancing the experience for riders. Hence, the demand for connected motorcycles would be more.
2. Growing Demand for Safety Features: Driving factors are seen with increasing demand for features such as collision avoidance and automated braking by consumers. To live up to these expectations and meet the regulatory requirements, the manufacturers are integrating such features.
3. Increased Emphasis on Environmental Sustainability: The desire for eco-friendly solutions and adoption of electric and hybrid motorcycles thus drive the market. Several factors contribute to the emergence of eco-friendly connected motorcycles, including growing consumer concerns and regulatory drives toward environmental sustainability.
Challenges in the connected motorcycle market are:
1. High Costs of Development: These advanced features of connectivity and safety come at a price, which eventually eats into profitability. While manufacturers need to keep these costs in check, customers will still require continued innovative solutions.
2. Regulatory Compliance: Compliance with increasingly demanding regulatory requirements for safety and environmental performance remains another challenge. Far more investment in compliance will be needed for a company to stay ahead of the penalties and assure access to as many markets as possible, including adapting to changing regulations.
3. Data Security Concerns: Collection and onward transfer of data in a connected motorcycle raise security and privacy issues. Strong measures for data protection will go a long way towards ensuring that the associated risks are minimized and help to obtain trust from the consumers.
The driving factors for the Connected Motorcycle market include increasing technological advancement, need for safety, growing environmental focus, integration of connected motorcycles into the smart city ecosystem, and expansion in use of smartphones. However, substantial issues to be taken into consideration are increasing cost within the development process, observance of regulations, and the security of data. Balancing these factors will be crucial to achieve success in this market.
List of Connected Motorcycle Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. through these strategies connected motorcycle companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the connected motorcycle companies profiled in this report include-
• BMW
• Triumph Motorcycles
• Robert Bosch
• Panasonic
• Vodafone Automotive
Connected Motorcycle by Segment
The study includes a forecast for the global connected motorcycle by hardware, service, network, end-use, and region.
Connected Motorcycle Market by Hardware [Analysis by Value from 2018 to 2030]:
• Embedded
• Tethered
Connected Motorcycle Market by Service [Analysis by Value from 2018 to 2030]:
• Driver Assistance
• Infotainment
• Safety
• Vehicle Management & Telematics
• Insurance
Connected Motorcycle Market by Network [Analysis by Value from 2018 to 2030]:
• Cellular V2X
• Dedicated Short Range Communication
Connected Motorcycle Market by End-Use [Analysis by Value from 2018 to 2030]:
• Commercial
• Private
• Others
Connected Motorcycle Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Connected Motorcycle Market
The Connected Motorcycle market represents one of the most evolving markets owing to the contribution of technological innovations, increasing demand for safety features, and growing adoption of smart technologies. Key markets such as the United States, China, Germany, India, and Japan are already well advanced in order to adopt new development in technology in one way or another.
• United States: The market for the connected motorcycle in the U.S. is growing at quite a fast pace, with increased focus on advanced safety feature inclusions and connectivity. Many firms in the space integrate GPS tracking, real-time diagnostics, and emergency response into their products. The United States also leads in integrating voice control and smartphone connectivity to improve the riding experience and safety. Even more significant are the regulatory supports toward advanced safety technologies propelling the market forward.
• China: China is moving ahead in the technology of connected motorcycles by investing hugely in intelligent features and integrating AI. The market is gathering momentum with the introduction of sophisticated connectivity solutions such as 4G/5G integrations, enabling data sharing and diagnostics in real time, even from remote locations. Also, the vast domestic market and support from the government for technological advancements are driving the growth of connected motorcycles.
• Germany: Given the strong automotive technology base, Germany is innovating in the field of connected motorcycles. German manufacturing works on advanced integration of ADAS and automated navigation capabilities. Safety considerations with high levels of testing drive the quality and reliability of connected motorcycles developed within the country. Blockchain for Better Security and Data Management
• Germany: The connected motorcycle market in India is driven by rising demand from the end-consumer for the infotainment system, safety, and convenience feature. Some of the key features involved are real-time tracking of a vehicle, anti-theft, and smartphone connectivity. The market is also increasingly witnessing the growth in affordable connected solutions that cater to a large proportion of consumers with the help of emerging interest in smart mobility solutions.
• Japan: Japan is among those pioneering countries in the sector of connected motorcycles, mainly based on advanced technology and innovation. The Japanese manufacturers are integrating advanced connectivity features, including highly developed navigation systems, collision avoidance, and vehicle-to-everything communication. Strong automotive industries and technological know-how provide the essential drive to Japan for the development of sophisticated connected motorcycle solutions.
Features of the Global Connected Motorcycle Market
Market Size Estimates: Connected motorcycle market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Connected motorcycle market size by various segments, such as by hardware, service, network, end-use, and region in terms of value ($B).
Regional Analysis: Connected motorcycle market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different hardware, service, network, end-use, and regions for the connected motorcycle market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the connected motorcycle market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
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FAQ
Q1. What is the connected motorcycle market size?
Answer: The global connected motorcycle market is expected to reach an estimated $0.3 billion by 2030.
Q2. What is the growth forecast for connected motorcycle market?
Answer: The global connected motorcycle market is expected to grow with a CAGR of 32.3% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the connected motorcycle market?
Answer: The major drivers for this market are increasing integration of safety and security functionalities in motorcycles and growing inclination for high-end motorbikes, rising need for enhanced capabilities, and instantaneous diagnoses.
Q4. What are the major segments for connected motorcycle market?
Answer: The future of the connected motorcycle market looks promising with opportunities in the commercial and private markets.
Q5. Who are the key connected motorcycle market companies?
Answer: Some of the key connected motorcycle companies are as follows:
• BMW
• Triumph Motorcycles
• Robert Bosch
• Panasonic
• Vodafone Automotive
Q6. Which connected motorcycle market segment will be the largest in future?
Answer: Lucintel forecasts that embedded will remain the largest segment over the forecast period due to independence from external devices.
Q7. In connected motorcycle market, which region is expected to be the largest in next 5 years?
Answer: Europe will remain the largest region over the forecast period due to presence of key market players.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the connected motorcycle market by hardware (embedded and tethered), service (driver assistance, infotainment, safety, vehicle management & telematics, and insurance), network (cellular V2X and dedicated short range communication), end-use (commercial, private, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Connected Motorcycle Market, Connected Motorcycle Market Size, Connected Motorcycle Market Growth, Connected Motorcycle Market Analysis, Connected Motorcycle Market Report, Connected Motorcycle Market Share, Connected Motorcycle Market Trends, Connected Motorcycle Market Forecast, Connected Motorcycle Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.