Connected Motorcycle Market Size (2024 - 2029)

The connected motorcycle market is projected to experience substantial growth over the forecast period, driven by advancements in technology, vehicle safety, and the increasing demand for driver-assist systems. The market's expansion is further supported by the rising utilization of smartphones and internet penetration, which enhance connectivity features such as vehicle-to-vehicle and vehicle-to-infrastructure communication. Despite challenges like inadequate connectivity infrastructure and cyber threats, the market is poised for growth, with the Asia-Pacific region expected to capture a significant share. The post-pandemic recovery and the growing interest in electric motorcycles and individual mobility also contribute to the market's positive outlook.

Market Size of Connected Motorcycle Industry

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Connected Motorcycle Market Summary
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

Major Players

Connected Motorcycle Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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 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
By Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle-East and Africa
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Connected Motorcycle Market Size Summary

The connected motorcycle market is poised for significant growth, driven by technological advancements and increasing demand for enhanced vehicle safety and driver-assist systems. The market, which faced setbacks during the COVID-19 pandemic due to manufacturing shutdowns and travel restrictions, has been recovering since 2021. Key factors propelling the market include the rise in smartphone usage, improved internet connectivity, and the integration of 5G technology, which supports vehicle-to-vehicle and vehicle-to-infrastructure communication. Despite challenges such as inadequate connectivity infrastructure and cybersecurity threats, the market is expected to expand rapidly, with Asia-Pacific anticipated to hold a substantial share, followed by Europe and North America. The growing popularity of electric motorcycles and the presence of major players like Yamaha, Suzuki, and Honda further bolster the market's prospects.

The infotainment segment is expected to experience significant growth, as demand for advanced systems in motorcycles increases. Companies like KTM, Harley-Davidson, and Kawasaki are introducing connected motorcycles with high-tech features, such as smartphone and smart wearable connectivity, navigation, and real-time safety alerts. Strategic collaborations, product launches, and technological innovations are key strategies employed by major players to capture market share. Notable developments include Yamaha's Bluetooth-enabled technology and Suzuki's connected motorcycle with advanced alert features. The market's moderate consolidation is evident with significant contributions from companies like Robert Bosch, Continental AG, and Panasonic Corporation, which are actively investing in enhancing connectivity technologies. These advancements and strategic initiatives are expected to drive the connected motorcycle market's growth over the forecast period.

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Connected Motorcycle Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 1.3.1 Bargaining Power of Buyers/Consumers

      2. 1.3.2 Bargaining Power of Suppliers

      3. 1.3.3 Threat of New Entrants

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Service

      1. 2.1.1 Driver Assistance

      2. 2.1.2 Infotainment

      3. 2.1.3 Safety

    2. 2.2 By End User

      1. 2.2.1 Private

      2. 2.2.2 Commercial

    3. 2.3 By Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 India

        2. 2.3.3.2 China

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Rest of the World

        1. 2.3.4.1 South America

        2. 2.3.4.2 Middle-East and Africa

Connected Motorcycle Market Size FAQs

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.

In 2024, the Connected Motorcycle Market size is expected to reach USD 0.41 billion.

Connected Motorcycle Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)