Connected Motorcycle Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 0.41 Billion |
| Market Size (2029) | USD 2.78 Billion |
| CAGR (2024 - 2029) | 46.91 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Connected Motorcycle Market Analysis
The Connected Motorcycle Market size is estimated at USD 0.41 billion in 2024, and is expected to reach USD 2.78 billion by 2029, growing at a CAGR of 46.91% during the forecast period (2024-2029).
The COVID-19 pandemic hindered the growth of the connected motorcycles market due to shutdowns of manufacturing units and travel restrictions. In addition, virtually with no activity in tourism, the aftermarket segment of the connected motorcycle market witnessed a slowdown. However, post-pandemic, with the easing of restrictions, demand started restoring in 2021.
Factors like technology advancements, advancements in vehicle safety, the introduction of driver-assist systems in motorcycles, and rapidly growing logistics in the retail and e-commerce sectors have been significantly driving the connected motorcycle market. In addition, increased smartphone utilization and internet penetration may further enhance the market's growth during the forecast period. However, a lack of proper connectivity infrastructure and increasing cyber threats like data hacking are anticipated to restrain the market's growth.
The increasing internet penetration and improvements in internet connectivity and 5G to support vehicle-to-vehicle and vehicle-to-infrastructure connectivity and the increased demand for features like driving assistance systems, real-time safety, navigation, and GPS monitoring are driving the market.
Asia-Pacific is expected to hold a significant share in the market, followed by Europe and North America, during the forecast period. The demand for electric motorcycles and individual mobility for adventure trips, etc., is increasing. The presence of global players like Yamaha, Suzuki, and Honda and increasing awareness about the benefits of connected motorcycles will positively impact the regional market.
Connected Motorcycle Market Trends
This section covers the major market trends shaping the Connected Motorcycle Market according to our research experts:
Infotainment Segment Anticipated to Hold Significant Share in the Market
The infotainment segment of the market is expected to grow significantly over the forecast period, as demand for such systems in vehicles is increasing. As infotainment systems have become an integral part of motorcycles, they are used for gathering information regarding the motorcycle on the TFT displays or electronic instrument clusters to keep the rider well informed about the vehicle.
Companies such as KTM, Harley-Davidson, and Kawasaki are offering connected motorcycles equipped with such infotainment systems to attract customers. They are being equipped with hi-tech features, such as connecting to a smartphone or a smart wearable. For instance, KTM AG's KTM My Ride Paid app (USD 9) allows users to use the TFT display for navigation.
These infotainment systems are also installed with features like route guidance and navigation, which help the rider reach easily and provide accurate traffic information in real-time. Other features include lane change warnings, traffic signal warnings, and vehicle conditions. For instance,
- Triumph launched the My Triumph Connectivity System, available for Street Triple RS and Tiger 800. The connectivity system has an inbuilt Google navigation system, music, phone operation, and bike status monitoring. It is the first connectivity system globally to be launched with integrated GoPro control. The rider can capture their ride on a camera and intuitively access and control key GoPro functions through the motorcycle's TFT instruments and left-hand switch cube.
Thus, to capture the growing market share, companies are offering innovative solutions to their consumers to strengthen their position in the market. For instance,
- In October 2020, Yamaha Motor Company launched the FZ series with Bluetooth-connected features. This app features vehicle location, trip details, hazard mode, and an e-lock feature. The Yamaha Connect X app costs INR 3,000 and can be installed in FZ & FZS-Fi V3 variants.
Thus, such developments in the infotainment segment are expected to boost the connected motorcycle market during the forecast period.
Asia-Pacific Anticipated to Lead the Market During the Forecast Period
The two-wheeler trend is changing across Asia, as consumers' awareness of high-end specs bikes is growing rapidly, allowing connected motorcycles to make space in the market. Major motorcycle competitors such as Bajaj, Honda, and KTM have already entered the connected vehicle market. KTM has already provided the Duke 390 with connected motorcycle specs. It has an infotainment system with a TFT display and smartphone connection through Bluetooth.
Product launches, strategic collaborations, and agreements by key players may further enhance the market's growth during the forecast period. For instance,
- In April 2021, Niu RQI launched an electric motorcycle for the Chinese and European markets. The electric sports bike has advanced technology features that include 5G IoT with ride data capabilities, an IoT-connected battery pack, a fully digital dashboard, anti-theft GPS tracking, and Bluetooth connectivity.
- In January 2021, Qianjiang Motor, a two-wheeler manufacturer owned by Geely and the parent company of Benelli, launched an electric sports bike with a digital TFT instrument panel. It has Bluetooth capability and an app, allowing users to check motorcycle charge, performance, geo-fencing, etc.
With growing motorcycle sales and advancements in technology supporting connected motorcycles, large manufacturers in the country may contribute to the development of the connected motorcycles market in Asia-Pacific over the forecast period.
Connected Motorcycle Industry Overview
The connected motorcycles market is moderately consolidated, with several players accounting for a significant share in the market. The major players in the market are adopting several growth strategies, including product launches, collaborations, and partnerships, and offering technologically updated products to strengthen their position in the market. For instance,
- In September 2020, Continental AG announced an investment in Aeye, as a part of its strategy to enhance its short-range LiDAR technology. The first production series is scheduled for launch in 2024.
- In October 2020, Yamaha introduced a Bluetooth-enabled technology for motorcycles with the introduction of the Yamaha Connect X Application. The Bluetooth connectivity features will be initially available with the Yamaha FZS-FI Dark Knight BS6 variant. They can be installed as an add-on accessory in the entire series of Yamaha FZ-FI and Yamaha FZS-FI 150 cc motorcycles.
- In January 2020, Canada's Damon motorcycles launched a connected motorcycle 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.
- In 2019, BOSCH introduced its Advanced Rider Assistance Systems (ARAS) with front collision avoidance and Help Connect (for emergencies). The ARAS were to be equipped in motorcycles manufactured by Ducati, Kawasaki, and KTM by mid to end of 2020.
Some of the major players in the market are Robert Bosch, Continental AG, TE Connectivity, and Panasonic Corporation.
Connected Motorcycle Market Leaders
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Robert Bosch GmBH
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Panasonic Corporation
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Continental AG
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TE Connectivity Ltd
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KPIT Technologies Ltd
*Disclaimer: Major Players sorted in no particular order
Connected Motorcycle Market News
- In November 2021, Suzuki Motorcycle launched Suzuki Avenis connected motorcycle in India. It comes with features such as caller ID, SMS alert, WhatsApp alert, speed exceeding warning, phone battery level display, and the estimated time of arrival. It is connected with iOS and Android platforms.
- In February 2021, Autotalks Ltd and Commsignia completed C-Roads cross-border testing in Austria and France, proving that Commsignia's ITS-G5 V2X solutions, namely the RS4 roadside unit (RSU) and OB4 on-board unit (OBU), which use Autotalks V2X radios with verification acceleration and embedded HSM (Hardware Security Module), are fully compliant with the pan-European C-Roads project specifications for ITS-G5 communication.
- In September 2020, BMW announced the launch of a new TFT display with a built-in navigation system via the Connectivity App installed on the smartphone, which will replace the turn-by-turn navigation used on the BMW TFT Dash.
- In September 2020, Continental AG announced an investment in Aeye as a part of its strategy to enhance its short-range LiDAR technology. The first production series is scheduled for launch in 2024.
Connected Motorcycle Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Industry Attractiveness - Porter's Five Forces Analysis
4.3.1 Bargaining Power of Buyers/Consumers
4.3.2 Bargaining Power of Suppliers
4.3.3 Threat of New Entrants
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Service
5.1.1 Driver Assistance
5.1.2 Infotainment
5.1.3 Safety
5.2 By End User
5.2.1 Private
5.2.2 Commercial
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Rest of the World
5.3.4.1 South America
5.3.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 BMW Motorrad
6.2.2 TE Connectivity Ltd
6.2.3 Autotalks
6.2.4 Vodafone Group PLC
6.2.5 Panasonic Corporation
6.2.6 Continental AG
6.2.7 Robert Bosch GmbH
6.2.8 Aeris Communication Inc.
6.2.9 Starcom Systems Ltd
6.2.10 KPIT Technologies Ltd
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Connected Motorcycle Industry Segmentation
A connected motorcycle is a new technology where motorcycles are equipped with IoT devices, enabling seamless internet connectivity in motorcycles and data sharing. The connectivity system monitors and controls safety, comfort, and security functions, such as advanced light and heat management, keyless starting of the bike, and tire pressure monitoring, and helps one attend emergency calls.
The connected motorcycles market report covers the latest trends, COVID-19 impact, and technological developments. The scope of the report covers segmentation by service type, end-user, and geography. By service type, the market is segmented into driver assistance, infotainment, and safety. By end user, the market is segmented into private and commercial.
By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. For each segment, the market sizing and forecast have been done based on value (in USD million).
| By Service | |
| Driver Assistance | |
| Infotainment | |
| Safety |
| By End User | |
| Private | |
| Commercial |
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Connected Motorcycle Market Research FAQs
How big is the Connected Motorcycle Market?
The Connected Motorcycle Market size is expected to reach USD 0.41 billion in 2024 and grow at a CAGR of 46.91% to reach USD 2.78 billion by 2029.
What is the current Connected Motorcycle Market size?
In 2024, the Connected Motorcycle Market size is expected to reach USD 0.41 billion.
Who are the key players in Connected Motorcycle Market?
Robert Bosch GmBH, Panasonic Corporation , Continental AG, TE Connectivity Ltd and KPIT Technologies Ltd are the major companies operating in the Connected Motorcycle Market.
Which is the fastest growing region in Connected Motorcycle Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Connected Motorcycle Market?
In 2024, the Europe accounts for the largest market share in Connected Motorcycle Market.
What years does this Connected Motorcycle Market cover, and what was the market size in 2023?
In 2023, the Connected Motorcycle Market size was estimated at USD 0.28 billion. The report covers the Connected Motorcycle Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Connected Motorcycle Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Connected Motorcycle Industry Report
The Global Connected Motorcycle Market Report provides a comprehensive industry analysis, focusing on the market size, market share, and market growth. The report is segmented by service type, end user, and geography, offering a detailed market overview and industry outlook. The market forecast and market predictions are provided in terms of value, highlighting the industry trends and market segmentation across North America, Europe, Asia-Pacific, and the rest of the world.
The report includes industry reports and industry research, providing valuable industry information and market data. It also features a market review and market analysis, emphasizing the market leaders and market value. The report example and report pdf are available for download, offering insights into the industry statistics and market outlook.
The market growth rate is analyzed, showcasing the market forecast and market growth trends. The report also covers industry sales and industry size, providing a detailed industry overview. Research companies can benefit from the market segmentation and market value data, which highlight the industry trends and market outlook.
In summary, this report offers a thorough market analysis, including market data and industry statistics. It provides an in-depth industry overview and industry outlook, making it a valuable resource for understanding the global connected motorcycle market.
Connected Motorcycle Market Report Snapshots
