Connected Motorcycle Market Share, Growth, Forecast and Global Industry Outlook 2024 – 2030
Anticipated Growth in Revenue:
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:
Maximize Market Research (MMR) has published a comprehensive analysis of the "Connected Motorcycle Market." Their in-depth market assessments integrate key technical advancements within the industry, covering a range of specialized topics such as high-tech systems and advanced industrial technologies. The report on the Connected Motorcycle Market encompasses a detailed competitive landscape, pricing analysis, and crucial insights into pricing trends and demand. It also includes essential business information for a thorough understanding of the market dynamics.
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Connected Motorcycle Market Report Scope and Research Methodology:
The Connected Motorcycle Market Report delivers a thorough analysis of market dynamics, highlighting emerging trends, drivers, constraints, opportunities, and challenges on both global and regional scales. Conducted by Maximize Market Research, the study involved primary surveys with product dealers, global suppliers, and market participants, and was enriched with insights from a team of subject matter experts closely monitoring the Connected Motorcycle Market industry. Utilizing a bottom-up approach, the report estimates the Connected Motorcycle Market size and includes information on ongoing development initiatives and key projects in the development phase that may influence the global Connected Motorcycle Market positively or negatively. This approach ensures a comprehensive understanding of the market landscape and future projections.
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.
What is the expected growth of Connected Motorcycle Market By Services Segmentation?
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.
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What is Connected Motorcycle Market Segmentation:
By Services
Driver Assistance
Infotainment
Safety
Vehicle Management & Telematics
Insurance
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
Some of the current players in the Connected Motorcycle Market are:
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:
The report provides an in-depth regional analysis of the Connected Motorcycle Market, examining market drivers, opportunities, limitations, and challenges across North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America. It highlights the major players in each region and their contributions to overall market growth, offering insights into how regional dynamics impact the global Connected Motorcycle Market.
Key questions answered in the Connected Motorcycle Market are:
- What are the emerging applications and trends in the Connected Motorcycle Market?
- How can recent industry trends be leveraged to create new revenue opportunities in the Connected Motorcycle Market?
- What are the key segments within the Connected Motorcycle Market?
- Who are the leading companies in the Connected Motorcycle Market, and what does their portfolio include?
- What defines Connected Motorcycle Market?
- What was the historical market size of Connected Motorcycle Market?
- What is the current growth rate of the Connected Motorcycle Market?
- What factors are anticipated to drive growth in the Connected Motorcycle Market?
- What are the various segments within the Connected Motorcycle Market?
- Who are the major players in the Connected Motorcycle Market?
- What are the different segments covered in the Connected Motorcycle Market?
- What growth strategies are companies pursuing to expand their presence in the Connected Motorcycle Market?
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