Overview and ScopeThe connected motorcycle market consists of revenues earned by entities by providing services such as remote vehicle diagnostics, real-time traffic updates, a global positioning system (GPS) navigation assistance, vehicle tracking and recovery, and personalized ride analytics. The market value includes the value of related goods sold by the service provider or included within the service offering. The connected motorcycle market also includes sales of connected helmets, motorcycle communication systems, motorcycle dash cams, motorcycle tracking and anti-theft devices, and rider assistance systems. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
Sizing and ForecastThe connected motorcycle market size has grown exponentially in recent years. It will grow from $0.16 billion in 2023 to $0.23 billion in 2024 at a compound annual growth rate (CAGR) of 44.2%. The growth in the historic period can be attributed to the development of global positioning system (GPS) technology, early connectivity features, growth in smartphone usage, initial safety regulations, and pioneering smart vehicle initiatives.
The connected motorcycle market size is expected to see exponential growth in the next few years. It will grow to $1.00 billion in 2028 at a compound annual growth rate (CAGR) of 44.3%. The growth in the forecast period can be attributed to growing concerns about road fatalities and accidents, regulatory mandates, consumer demand for safety and connectivity, evolving infrastructure, and competitive market dynamics. Major trends in the forecast period include a rise in 5 G-enabled connectivity, advancements in autonomous riding technology, personalized rider experiences, the proliferation of over-the-air updates, and increased adoption of artificial intelligence-driven safety systems.
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Segmentation & Regional InsightsThe connected motorcycle market covered in this report is segmented –
1) By Type: Sport, Tour, Roadster, Heritage, Adventure, Other Types2) By Connectivity Solution: Integrated, Embedded, Tethered3) By Service: Driver Assistance, Safety, Entertainment, Well Being, Vehicle Management, Mobility Management4) By Propulsion: Immigration And Customs Enforcement (ICE), Electric5) By End User: Private, Commercial
Europe was the largest region in the connected motorcycle market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected motorcycle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market GrowthThe growing demand for electric motorcycles is expected to propel the growth of the connected motorcycle market going forward. Electric motorcycles are two-wheeled vehicles powered by electric motors and batteries instead of internal combustion engines. The growing demand for electric motorcycles is due to environmental concerns, rising fuel costs, technological advancements, government incentives, and urban traffic congestion. Connected motorcycles significantly enhance the functionality and user experience of EV motorcycles. They provide vital tools for battery management, safety, maintenance, and overall efficiency, making EV motorcycles more practical and appealing to a broader range of users. For instance, in December 2023, according to the Office of Energy Efficiency and Renewable Energy, a US-based government agency, the number of e-bikes sold in the US in 2022 was 1.1 million, over four times the number sold in 2021. Therefore, the growing demand for electric motorcycles is driving the growth of the connected motorcycle market.
Key Industry PlayersMajor companies operating in the connected motorcycle market are Bayerische Motoren Werke AG, Verizon Communications Inc., Honda Motor Co. Ltd., Amazon Web Services Inc., Panasonic Corporation, International Business Machines Corporation, Continental AG, Suzuki Motor Corporation, Yamaha Motor Co. Ltd., TE Connectivity Ltd., Kawasaki Heavy Industries Ltd., Harley-Davidson Inc., Vodafone Group plc, Hero MotoCorp Ltd., Robert Bosch GmbH, IAV GmbH, KPIT Technologies Ltd., Triumph Motorcycles Limited, Aeris Communications Inc., Zero Motorcycles Inc., Autotalks Ltd., Ducati Motor Holding S.p.A.
The connected motorcycle market report table of contents includes:
1. Executive Summary2. Market Characteristics3. Market Trends And Strategies4. Impact Of COVID-195. Market Size And Growth6. Segmentation7. Regional And Country Analysis...27. Competitive Landscape And Company Profiles28. Key Mergers And Acquisitions29. Future Outlook and Potential Analysis
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According to IMARC Group latest report titled” Connected Motorcycle Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the market is currently witnessing strong growth.
The Global Connected Motorcycle Market to exhibit moderate growth during the next five years.Market Trends:A connected motorcycle refers to an advanced mobility solution that connects riders to the telematics control unit (TCU) through a cellular connection.
The connected motorcycle enables remote monitoring by tracking stolen vehicles, collecting data for performance analytics, and offering operational information, roadside assistance and over-the-air (OTA) updates.Request to get the sample report: https://www.imarcgroup.com/connected-motorcycle-market/requestsampleThe escalating number of road accidents, along with the growing emphasis on driver safety, is primarily driving the demand for connected motorcycles across the globe.
Moreover, several initiatives are undertaken by road safety authorities worldwide to minimize fatal road accidents.
Additionally, the extensive dependence on smartphones and the rising penetration of 5G networks are also contributing to the market growth.
Besides this, the key market players are integrating smart sensors, Big Data, and the Internet-of-Things (IoT) technologies to measure vehicle health and deliver real-time warnings to riders.
Connected Worker is a customizable suite of rugged hardware and software solutions that help workers be more accurate and efficient.
They enable workers to focus on tasks, and help organizations increase productivity and reduce incident response time.Connected Worker is a customizable suite of rugged hardware and software solutions that help workers be more accurate and efficient.
They enable workers to focus on tasks, and help organizations increase productivity and reduce incident response time.
Oil & Gas and manufacturing are the most widely used area which took up about 62.43% of the global total in 2018 totally.Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-connected-worker-2019-2024-808 According to this study, over the next five years the Connected Worker market will register a 14.6% CAGR in terms of revenue, the global market size will reach US$ 7660.2 million by 2024, from US$ 3872.6 million in 2019.
This study considers the Connected Worker value generated from the sales of the following segments: Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
ManufacturingConstructionMiningOil and GasOthers This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
