Projection of Revenue Growth:
The Connected Motorcycle Market size was valued at USD 98.5 Mn in 2023 and market revenue is growing at a CAGR of 13.7 % from 2023 to 2030, reaching nearly USD 241.97 Mn by 2030.
Connected Motorcycle Market Overview:
Leading research company Maximize Market Research has released an extensive analysis on the "Connected Motorcycle Market." A thorough examination of price, demand, business insights, and the competitive environment is provided in this research. It provides estimates for the projected term and covers the foundation year of the market.
Connected Motorcycle Market Scope:
A thorough overview of the Connected Motorcycle Market business, including a breakdown of the many Connected Motorcycle Market and their subsets, is provided in the Connected Motorcycle Market report. Primary and secondary research approaches are used to collect the data. The research offers projections for the Connected Motorcycle Market based on current market trends and scenarios for both product and geographic categories. This study offers a thorough analysis of the global Connected Motorcycle Market with a particular emphasis on the specifics of the major companies, such as their product offerings, costs, portfolios, yearly revenue ranges, expansion plans, and geographic reach.
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Connected Motorcycle Market Dynamics:
The connected motorcycle market has undergone a transformation because to technological developments, which have made it more vibrant and consumer-friendly. A new era of connectedness has been brought about by the confluence of IoT, AI, and telematics, which has made motorbikes into smart vehicles with expanded capabilities. IoT makes it possible for motorcycles and other items to communicate seamlessly, allowing for real-time data transmission and remote control features. Through smartphone apps or other devices, riders can run diagnostic checks and remotely access and manage elements like security systems and ignition.
Segment Covered in the Connected Motorcycle Market:
By Services
Driver Assistance
Infotainment
Safety
Vehicle Management & Telematics
Insurance
Based on Services: In 2023, the Info Infotainment sub-category led the Connected Motorcycle Market's Service segment. Within the Service segment, the Info Infotainment sub-segment insists on being in charge. This superiority is supported by a combination of cutting-edge features that improve riding and user-centric technologies. Infotainment systems allow for the seamless integration of communication, navigation, and entertainment features, meeting the various needs of passengers.
By Hardware
Embedded
Tethered
By Network Type
Cellular V2X (C-V2X)
Dedicated Short Range Communication (DSRC)
by Communication Type
Vehicle-To-Vehicle (V2V)
Vehicle-To-Infrastructure (V2I)
By End-user
Commercial
Private
List of the Key Players in the Connected Motorcycle Market:
Europe
1. Bosch (Germany)
2. Continental AG (Germany)
3. BMW Motorrad (Germany)
4. Ducati Motor Holding S.p.A. (Italy)
5. Piaggio & C. S.p.A. (Italy)
6. MV Agusta Motor S.p.A. (Italy)
7. Triumph Motorcycles Ltd. (UK)
Asia Pacific
1. Yamaha Motor Co., Ltd. (Japan)
2. Honda Motor Co., Ltd. (Japan)
3. KTM AG (Austria)
4. Suzuki Motor Corporation (Japan)
5. Kawasaki Heavy Industries, Ltd. (Japan)
6. TVS Motor Company (India)
7. Hero MotoCorp Ltd. (India)
8. Royal Enfield (India)
9. Bajaj Auto Ltd. (India)
North America
1. Harley-Davidson, Inc. (USA)
2. Zero Motorcycles Inc. (USA)
3. Polaris Inc. (USA)
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Connected Motorcycle Market Regional Insights:
In 2023, the Connected Motorcycle Market was led by the Asia Pacific Region. The Asia Pacific region's large population, especially in countries like China, India, and other Southeast Asian countries, provides a sizable consumer base for motorbikes, which explains the market's dominance in the connected motorcycle space. Rapid urbanization and the growth of the middle class have increased demand for technologically advanced automobiles, particularly linked motorcyclists. Significant infrastructure development and technology developments are also taking place in Asia Pacific, which makes it easier to integrate linked features into motorcycles.
Key questions answered in the Connected Motorcycle Market are:
- What is Connected Motorcycle Market?
- What was the market size of Connected Motorcycle Market?
- What is the growth rate of the Connected Motorcycle Market?
- What factors are expected to drive growth in the Connected Motorcycle Market?
- What are the different segments within the Connected Motorcycle Market?
- What strategies are companies considering to enhance their presence in the Connected Motorcycle Market?
- What are the emerging industry applications and trends in the Connected Motorcycle Market?
- What recent trends in the industry could create additional revenue opportunities in the Connected Motorcycle Market?
- Who are the leading companies in the Connected Motorcycle Market, and what are their key offerings?
- Which segments are included in the Connected Motorcycle Market?
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