Connected Motorcycle Global Market Report 2024

A connected motorcycle is equipped with advanced technology that enables it to connect to other devices and systems, often through the Internet of Things (IoT). This connectivity enhances the riding experience by providing real-time data, improving safety, and offering additional features for convenience and entertainment.

The main types of connected motorcycles include sport, tour, roadster, heritage, adventure, and others. Sport motorcycles are designed for high-performance riding, featuring powerful engines, aggressive styling, and advanced suspension systems. The various connectivity solutions are integrated, embedded, and tethered, while the services provided by connected motorcycles encompass driver assistance, safety, entertainment, well-being, vehicle management, and mobility management. The propulsion types include internal combustion engines (ICE) and electric, catering to various end-users such as private and commercial sectors.

The connected motorcycles market research report is one of a series of new reports that provides connected motorcycles market statistics, including connected motorcycles industry global market size, regional shares, competitors with a connected motorcycles market share, detailed connected motorcycles market segments, market trends, and opportunities, and any further data you may need to thrive in the connected motorcycles industry. This connected motorcycle research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The connected motorcycle market size has grown exponentially in recent years. It will grow from $0.16 billion in 2023 to $0.23 billion in 2024 at a compound annual growth rate (CAGR) of 44.2%. The growth in the historic period can be attributed to the development of global positioning system (GPS) technology, early connectivity features, growth in smartphone usage, initial safety regulations, and pioneering smart vehicle initiatives.

The connected motorcycle market size is expected to see exponential growth in the next few years. It will grow to $1.0 billion in 2028 at a compound annual growth rate (CAGR) of 44.3%. The growth in the forecast period can be attributed to increasing concerns about road fatalities and accidents, regulatory mandates, consumer demand for safety and connectivity, evolving infrastructure, and competitive market dynamics. Major trends during this period include the rise of 5G-enabled connectivity, advancements in autonomous riding technology, personalized rider experiences, the proliferation of over-the-air updates, and increased adoption of artificial intelligence-driven safety systems.

The increasing demand for electric motorcycles is anticipated to drive the growth of the connected motorcycle market. Electric motorcycles are two-wheeled vehicles powered by electric motors and batteries instead of internal combustion engines. This rising demand is fueled by environmental concerns, rising fuel costs, technological advancements, government incentives, and urban traffic congestion. Connected motorcycles enhance the functionality and user experience of electric motorcycles by providing vital tools for battery management, safety, maintenance, and overall efficiency, making them more practical and appealing to a broader range of users. For instance, the Office of Energy Efficiency and Renewable Energy reported in December 2023 that 1.1 million e-bikes were sold in the US in 2022, more than four times the number sold in 2021. Therefore, the growing demand for electric motorcycles is boosting the connected motorcycle market.

Leading companies in the connected motorcycle market are developing innovative technologies such as AI and sensor technology to maintain their market position. AI in connected vehicles involves using advanced computational algorithms and machine learning techniques to improve functionality, safety, and efficiency. Sensor technology involves using various sensors to gather data about the vehicle's environment, status, and operation. For example, in January 2024, Verge Motorcycles Inc., a US-based electric two-wheeler manufacturer, launched the Starmatter Software and Intelligence Platform to revolutionize motorcycling with AI, sensor technology, and game engines. This platform offers real-time adaptive learning and personalizes the ride by analyzing rider behavior and environmental conditions. Its advanced sensor suite enhances safety with features such as collision detection, adaptive cruise control, and automated emergency braking. This integration not only elevates safety and performance but also transforms the overall user experience, setting a new standard in connected motorcycling.

In April 2022, Ultraviolette Automotive, an India-based automobile company, acquired Triloki Smart Systems for an undisclosed amount. This acquisition aims to enhance Ultraviolette's Automotive Intelligence Platform (AIP) across multiple products and regions, improving the user experience and performance of its electric vehicles. Triloki Smart Systems, based in India, specializes in connected motorcycle technologies.

Major companies operating in the connected motorcycle market are Bayerische Motoren Werke AG, Verizon Communications Inc., Honda Motor Co. Ltd., Amazon Web Services Inc., Panasonic Corporation, International Business Machines Corporation, Continental AG, Suzuki Motor Corporation, Yamaha Motor Co. Ltd., TE Connectivity Ltd., Kawasaki Heavy Industries Ltd., Harley-Davidson Inc., Vodafone Group plc, Hero MotoCorp Ltd., Robert Bosch GmbH, IAV GmbH, KPIT Technologies Ltd., Triumph Motorcycles Limited, Aeris Communications Inc., Zero Motorcycles Inc., Autotalks Ltd., Ducati Motor Holding S.p.A.

Europe was the largest region in the connected motorcycle market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected motorcycle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the connected motorcycle market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The connected motorcycle market consists of revenues earned by entities by providing services such as remote vehicle diagnostics, real-time traffic updates, a global positioning system (GPS) navigation assistance, vehicle tracking and recovery, and personalized ride analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. The connected motorcycle market also includes sales of connected helmets, motorcycle communication systems, motorcycle dash cams, motorcycle tracking and anti-theft devices, and rider assistance systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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