The Connected Motorcycle Market size was valued at US 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, a leading business consultancy, has released an extensive report on the “Connected Motorcycle Market.” This comprehensive study offers valuable business insights, including demand and pricing analysis, along with a detailed look at the competitive environment. The report thoroughly examines the current state of the Connected Motorcycle Market, providing forecasts extending to the predicted year.
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Connected Motorcycle Market Scope and Methodology:
The “Connected Motorcycle Market” report highlights the current trends driving market growth and future opportunities. It combines both qualitative and quantitative research, focusing on data interpretation, pattern recognition, and deriving actionable insights from the Connected Motorcycle Market. The analysis takes a comprehensive, top-down approach to evaluate different market segments and geographical regions while also assessing the strategies employed by key players in the Connected Motorcycle Market.
The study also offers a detailed overview of the major players’ strategies, including partnerships, collaborations, acquisitions, and mergers. A SWOT analysis has been conducted to evaluate the overall market position of companies, identifying strengths, weaknesses, opportunities, and threats. The report further includes profitability assessments, return on investment analysis, and Porter’s Five Forces framework to examine market dynamics.
Connected Motorcycle Market Dynamics:
The connected motorbike market has been transformed by technological breakthroughs, which have increased its vibrancy and customer appeal. A new era of connectivity has been brought about by the confluence of IoT, AI, and telematics, which has made motorcycles smarter vehicles with more features. IoT makes it possible for motorcycles and other items to communicate seamlessly, allowing for remote operation and real-time data transmission. Through smartphone apps or other devices, riders can remotely access and operate elements like security systems and ignition. They can also conduct diagnostic checks thanks to this connectivity.
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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
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Connected Motorcycle Market Key Players:
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)
Connected Motorcycle Market Regional Insights:
The report emphasizes regional dynamics to assess the performance of the Connected Motorcycle Market across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. These distinct regional segments provide a more detailed understanding of the market’s structure and the unique dynamics within each specific geographic area.
The following important questions are addressed in the Connected Motorcycle Market:
- What is the definition of the Connected Motorcycle Market?
- What was the size of Connected Motorcycle Market in the past?
- What is the projected growth rate of the Connected Motorcycle Market?
- What are the key factors expected to drive the growth of the Connected Motorcycle Market?
- What is the expected Compound Annual Growth Rate (CAGR) for the Connected Motorcycle Market over the forecast period?
- What are the main segments within the Connected Motorcycle Market?
- Which region is anticipated to experience the highest growth in the Connected Motorcycle Market?
- What strategies are market players adopting to expand their presence in the Connected Motorcycle Market?
- What are the emerging opportunities and trends in the Connected Motorcycle Market?
- What recent industry developments can be leveraged to create additional revenue streams for the Connected Motorcycle Market?
- Who are the prominent players in the Connected Motorcycle Market, and what are their product portfolios?
- What market segments are included in the Connected Motorcycle Market analysis?
- Who are the major companies leading the Connected Motorcycle Market?
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