1. Market Research
  2. > Automotive
  3. > Motor Vehicle
  4. > Motorcycle Market Trends
Connected Motorcycle Market - Growth, Trends, COVID-19 Impact, and Forecast (2021 - 2026)

Connected Motorcycle Market - Growth, Trends, COVID-19 Impact, and Forecast (2021 - 2026)

  • September 2021
  • 96 pages
  • ID: 6155654
  • Format: PDF
  • Mordor Intelligence LLP

Summary

Table of Contents

Search Inside

The connected motorcycles market was valued at USD 70 million in 2020, and it is expected to reach USD 800 million by 2026, registering a CAGR of more than 40%, during the forecast period (2021 - 2026).

The COVID-19 pandemic had a negative impact on the connected motorcycle market. The worldwide lockdown and social distancing norms implemented due to the pandemic have reduced the number of vehicles sold, worldwide, consequently reducing the market potential for connected motorcycles. Additionally, with virtually no activity in tourism, the aftermarket segment of the connected motorcycle did not register much growth. However, post-pandemic, due to the gradual lockdown relaxation and increasing awareness for advantages of connected vehicles, the market looks forward to economic revival and further growth during the forecast period.

The factors driving growth in the market are growing technological advancements in communication technologies, such as improvement in internet connectivity and speed with the introduction of 5G services to support vehicle-to-vehicle and vehicle-to-infrastructure, along with the increase in demand for features, like driving assistance system, real-time safety, navigation, and GPS monitoring.

Scenario-based safety may be improved if nearby vehicles communicate with each other, with the integration of existing safety systems, such as motorcycle stability control, traction control, etc.
With the increasing income of people in the world, end users prefer technologically advanced products and are equipped with equipment that improves safety while riding and decreases the probability of any road accident. With the inclusion of connectivity features, like Bluetooth, it is expected to be easier for the driver to manage their calls while driving. Thus, this may also reduce the possibility of accidents.

Key Market Trends

Rider Assistance System is Expected to be the Market Leader

The rising number of vehicles on the road is one of the reasons for increasing road accidents. This has generated demand for warn and alert systems to notify the riders regarding the increasing speed or any other malfunctioning vehicle, which can be a possible reason for the accident. ADAS System in motorcycles includes adaptive cruise control, forward collision warning, traffic sign recognition, active brake system, and lane departure warning.

The inclusion of the ADAS system in motorcycles may provide more safety and traction control for the vehicle, enhancing the driving experience of the rider. The adaptive cruise control system is expected to have huge potential due to its capability to adjust the speed according to the surrounding environment. This system is likely to help in avoiding speed limits violations and increase fuel efficiency.

Major players are forming strategic partnerships to improve rider-assist systems for better traction in the market. For instance,

In April 2021, Minda Corporation Limited partnered with Ride Vision to use Artificial Intelligence-enabled Collision Avoidance Systems to be implemented in the Indian motorcycle market.
In December 2019, VTT and KTM Nordic Oy (KTM) started cooperation to equip the KTM motorcycle. The vehicle safety systems and sensors are intended to make motorcycles more visible to other vehicles and traffic safer and more efficient than before.
In March 2019, Suzuki revealed that they are working on an advanced rider assistance system based on radar technology.

Asia Pacific is Expected to be the Market Leader During the Forecast Period

The Asia Pacific connected motorcycles market is estimated to grow significantly during the forecast period. This growth is primarily due to increased urbanization and vehicle sales in the region. For instance, in 2020, major two-wheeler markets, like India, reported huge vehicle sales, despite the pandemic. With India recording 11,214,640 units in sales of two-wheelers in FY 2020, the opportunity for the connected motorcycles market is huge in the country.

Major ASEAN countries registered high volumes of two-wheeler sales in 2020. For instance, major countries, like Thailand, registered 1,516,100 units of motorcycles in 2020, and the Philippines registered a total of 1,206,370 units, indicating the huge market potential for the connected motorcycle market in the ASEAN countries and the Asian region as a whole.

The increased usage of motorcycles for leisure travel is another important market area for the connected motorcycle market. Better safety and warning systems for the riders in high-speed riding scenarios can be achieved via connected motorcycle systems, which can be vital for vehicle and rider safety. Additionally, with constantly growing leisure travel and tourism in the Asian and European regions, these regions are expected to present great opportunities and register a high growth rate for the connected motorcycle market.

Competitive Landscape

The connected motorcycles market is highly fragmented, with several players accounting for significant amounts of shares in the market. Some prominent companies in the connected motorcycles market are Continental AG, TE Connectivity, Panasonic Corporation, Aeris, and others. The major players are investing heavily in the R&D of products and the incorporation of new technologies.

For instance, in January 2020, Canada’s Damon motorcycles revealed connected motorcycles. The motorcycle is equipped with the BlackBerry QNX technology. Its 360-degree advanced warning system has various sensors, such as cameras and radar and non-visual sensors, to detect these threats on the road.
BOSCH introduced its Advanced Rider Assistance Systems (ARAS) in 2019, with front collision avoidance and Help Connect (for emergency). The ARAS was chosen to be equipped in motorcycles manufactured by Ducati, Kawasaki, and KTM by mid to end of 2020.
In October 2019, Vodafone Idea Intellicorp to provide 4G IoT connectivity solutions to the electric two-wheeler. Under the partnership, Vodafone Idea Business Services may provide exclusive IoT-enabled solutions to Revolt Intellicorp to enable features, such as geofencing, bike locator, and real-time bike information and diagnostics.

Reasons to Purchase this report:

The market estimate (ME) sheet in Excel format
3 months of analyst support

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

ReportLinker may already be registered as a supplier with your company. If you want to Order by PO, check with us first and we'll let you know if we are a registered supplier and what the vendor number is. Otherwise, we'll provide you with the necessary information to register ReportLinker as a vendor.

Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at [email protected] to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - [email protected] or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers

Motorcycles Market Trends in China

  • $ 3000
  • September 2021
  • 140 pages

This study focuses on China’s Motorcycles market trends. In the two past decades, the market has been growing at a fast pace. The dramatic expansions of the manufacturing capabilities and rising consume ...

  • China
  • Motorcycle
  • Industry analysis
  • Industrial Production
  • Labour Force

ref:plp2021

Reportlinker.com © Copyright 2021. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on