Connected Motorcycle Market to Grow at a CAGR of 47.9% | Leading Players Robert Bosch, Continental AG, TE Connectivity, Panasonic Corporation

Delvens published an exclusive report, titled, "Connected Motorcycle Market to Grow at a CAGR of 47.9% | Leading Players Robert Bosch, Continental AG, TE Connectivity, Panasonic Corporation". The Connected Motorcycle Market research survey offers an inclusive evaluation of the market and includes crucial future predictions, industry documentations and market reality. This Connected Motorcycle Market report reveals a comprehensive study of the collected information, with key players, sellers, and market dealers, along with key aspects influencing the market.

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Motorbikes that have internet access and other cutting-edge technology are known as connected motorcycles. Riders can interact with their motorcycles, other riders, and the environment using these technologies, which also offer them improved safety, ease, and entertainment features.
More motorcycles are becoming connected, giving riders access to various cutting-edge features and powers previously only found in automobiles and other vehicles. Among the essential characteristics of connected motorcycles are:

GPS navigation systems: With the aid of vocal instructions or a touchscreen display, these systems enable users to find their way to their location while receiving turn-by-turn guidance and real-time traffic reports.

Smartphone connectivity: Riders can use their cell phones to link to many connected motorcycles, allowing them to manage audio, make calls, and access other applications and services while traveling.

Advanced rider assistance systems (ARAS): To help motorcyclists prevent collisions, these systems use sensors and other technologies to identify possible traffic dangers and give them real-time input, such as warnings or automatic braking.

Cloud-based data analytics: In order to create more sophisticated safety and efficiency technologies, connected bikes can gather data on rider behaviour, such as speed, acceleration, stopping, and cornering.

Vehicle-to-vehicle (V2V) communication: Some connected bikes have the ability to interact with other moving vehicles, giving riders warnings about possible dangers or traffic conditions up ahead.
In addition to these features, linked bikes can also offer useful data to other stakeholders and motorcycle makers, helping them to better understand passenger behaviour and tastes and create more sophisticated and efficient safety and performance technologies.

Overall, it is anticipated that the rising adoption of electric bikes, rising demand for improved safety features, and the rising appeal of motorbike ride-sharing services will all contribute to the development of the connected motorcycle market. Connected motorcycles are anticipated to grow in importance within the motorcycle business over the coming years with ongoing invention and investment in this field.

Driving Factors of the Market

Increased demand for advanced safety features
Advanced safety features on connected bikes, like ARAS, can reduce the risk of accidents and increase passenger security. The Connected motorcycle market is expanding as a result of users placing a greater focus on safety.

Rising Adoption of electric motorcycles

As riders look for more sustainable and ecologically responsible means of transit, electric bikes are growing in popularity. Electric bikes perfectly match connected technologies because they can help maximize battery life and charging.

Growing popularity of motorcycle ride-sharing services

In many areas of the globe, motorcycle ride-sharing services like Uber and Lyft are growing in popularity. To give passengers a seamless and easy experience, these services frequently depend on connected bikes.

Advances in Technology:

As technology develops, it becomes more available and cheaper, which makes it simpler for motorcycle manufacturers to incorporate cutting-edge features into their products.

Changing consumer preferences

Motorcycles are one example of a product that consumers are progressively looking for that has cutting-edge features and capabilities. Riders are now able to take advantage of a variety of cutting-edge features and powers that were previously unattainable thanks to the increasing availability of connected motorbikes.

Solutions to Your Market Challenges

1. Cost

Many riders may find it difficult to embrace connected motorcycles and associated technologies due to their high price.
Manufacturers of motorcycles and tech firms can try to solve this problem by cutting costs through economies of scale and ongoing invention.

2. Security & Privacy

Motorcycles with internet connections are susceptible to hacking and assaults, which may jeopardize passenger security and privacy.
Stakeholders must give cybersecurity and privacy safeguards top priority and put strong security procedures in place to prevent unauthorized access if they are to successfully handle this issue.

3. Integration and Compatibility

It can be difficult to guarantee that all linked motorbike components are completely integrated and compatible with one another given the variety of technologies and systems accessible.
Manufacturers of motorcycles and tech firms can collaborate to standardize methods and guarantee system interoperability in order to resolve this issue.

4. Technical Expertise

It takes specialized technological knowledge, which can be hard to locate and keep, to develop and sustain connected motorcycle technologies.
Stakeholders can engage in training and development programs to make sure that a skilled workforce is accessible to support the expansion of the industry in order to resolve this issue.

5. Regulatory Compliance

A number of laws and standards, including safety and emissions requirements, apply to connected bikes.

Stakeholders can work to remain current on regulatory requirements and work with regulators to create standards and guidelines that support market expansion while assuring safety and environmental protection to handle this issue.

In general, overcoming these obstacles will call for industry-wide cooperation and invention as well as continuous investment in R&D and training. By collaborating to find solutions, the connected motorcycle industry can continue to expand and offer users cutting-edge features and capabilities.

Dynamic Trends of the Connected Motorcycle Market

One area of the global motorcycle market that is expanding quickly is the connected motorcycle market. Motorcycles with cutting-edge connectivity features, such as sensors, GPS systems, and digital communication devices, are what this industry is characterized by. Riders can access a variety of features and powers thanks to these technologies, including hands-free calling, weather reports, and real-time traffic updates.

The market for connected motorcycles is being propelled by a number of important factors, including the rise of electronic bicycles, the demand for safety and convenience features, and the advent of new business models like ride-sharing services. Additionally, as new and innovative technologies continue to be developed, the industry is expanding and offering new possibilities to participants.
Due to rising customer demand for connected features and the advancement of new technologies, the global market for connected motorcycles is anticipated to expand over the coming years.
According to Delvens, The Connected Motorcycle Market size is projected to reach a CAGR of 47.9% from 2023 to 2030.

The market for connected motorcycles is anticipated to expand at the fastest rate in Asia-Pacific, thanks to the region's rising demand for ride-sharing services and the acceptance of electric bicycles. Due to the rising demand for ease and safety features as well as the existence of established motorcycle makers in these areas, North America and Europe are also anticipated to be important marketplaces for connected motorcycles.

The connected motorcycle market is a dynamic and rapidly growing segment of the motorcycle industry, offering significant opportunities for innovation, growth, and investment in the years ahead.

Key Market Players & their Development in Recent Times

BMW Motorrad

A new edition of the BMW Motorrad Connected software, which provides improved guidance and route planning features, was released by BMW Motorrad in 2021. A new feature of the software is the ability to find and travel to local electric motorbike recharge sites.

Harley Davidson

The H-DTM Connect Service was introduced by Harley-Davidson in 2021. It offers users real-time motorbike condition reports, position monitoring, and other features. The service is accessible through the Harley-Davidson app and is offered on a few Harley-Davidson versions.

Honda Motor Co.

Honda unveiled the Rebel 1100 in 2021, a brand-new motorbike with a number of cutting-edge features, including Honda's Smart Key system, which enables riders to activate the motorcycle without a physical key. Honda's Dual Clutch Transmission (DCT) technology, which offers seamless speed shifts and a better riding experience, is also a component of the Rebel 1100.

Yamaha Motor Co.

Yamaha stated in 2021 that it is creating a new framework for electric bikes that will include a variety of models with cutting-edge networking features. Although the business has not yet given many specifics about the platform, functions like real-time navigation and remote monitoring tools are anticipated.

Bosch

MySPIN, a new linked motorbike platform from Bosch that will give users access to a variety of features and functions like audio streaming, navigation, and messaging, will be released in 2020. The platform can be incorporated into various motorbike types and is compatible with of motorbike types and is compatible with both Android and iOS smartphones.

These latest advancements demonstrate how important market participants are to continue to innovate and engage in the connected motorcycle market. As the industry develops, we can anticipate more improvements and advances in connected motorbike technology from these and other market participants can anticipate more improvements and advances in connected motorbike technology from these and other market participants as the industry develops.

Conclusion to the Market

In conclusion, the market for connected motorcycles is a new and quickly expanding sector of the motorbike industry, pushed by factors like rising demand for cutting-edge safety features, rising acceptance of IoT and AI technologies, and expanding trends in connectedness and digitization.
While the market still encounters some obstacles, such as high prices and security worries, major players in the sector are spending a lot of money on R&D to get around these problems and advance the market. As a result, in the upcoming years, we can anticipate ongoing development and innovation in the connected motorcycle market, with new players joining the market and current players increasing their capabilities and product offerings.
Overall, the market for connected motorcycles offers a sizable chance for producers, suppliers, and other industry players to profit from the rising interest in connected and intelligent motorbike technology.

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