According to a new market report published by Lucintel, the future of the global connected motorcycle market looks promising with opportunities in private and commercial segments. The global connected motorcycle market is expected to grow with a CAGR of 49% from 2021 to 2026. The major drivers for this market are increasing customer demand for driver assistance and safety, comfortable riding experience, and adoption of cloud services.
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In this market, embedded and tethered are the major hardware used to manufacture connected motorcycle. On the basis of comprehensive research, Lucintel forecasts that embedded will remain the largest segment and it is also expected to witness the highest growth over the forecast period due to its non-dependency on external devices and it includes an electronic control unit, a GSM module, a GLONASS/GPS system and other essential sensors.
Within the global connected motorcycle market, the commercial segment is expected to witness the highest growth over the forecast period due to the new revenue opportunities for OEMs and third-party service providers, and on-board sensors collect essential vehicle information such as speed, riding mode, trip information, and parking locations.
APAC is expected to remain the largest market and witness the highest growth rate over the forecast period due to the increasing disposable income, growing adoption of technological innovations, and growing sales of premium bikes.
Emerging trends, which have a direct impact on the dynamics of the industry, include of emergence of 5G network, rise in trend of connectivity solutions and innovations in the automobile industry. Aeris, Autotalks LTD, BMW Group, Continental AG, DXC Technology, Embien Technologies, Facomsa, and Triumph Motorcycles are among the major suppliers of the connected motorcycle market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global connected motorcycle market by service, hardware, network type, communication type, end user and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Connected Motorcycle Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global connected motorcycle market by service, hardware, network type, communication type, end user and region, as follows:
By Service [Value ($ Million) from 2015 to 2026]:
Driver assistance
Infotainment
Safety
Vehicle management & telematics
Insurance
By Hardware [Value ($ Million) from 2015 to 2026]:
By Network Type [Value ($ Million) from 2015 to 2026]:
Cellular V2X
Dedicated short range communication
By Communication Type [Value ($ Million) from 2015 to 2026]:
By End User [Value ($ Million) from 2015 to 2026]:
By Region [Value ($ Million) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.