Connected Motorcycle Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

Key Highlights

The connected motorcycle market was valued at USD 147.2 million in 2023, and it will increase to USD 3,960.1 million, powering at more than 60% CAGR, by 2030.

The increasing traffic congestion and the rising prevalence of road fatalities associated with motorcycles are major factors driving the growth of this industry.

As per the Insurance Institute for Highway Safety/Highway Loss Data Institute, in 2021, around 6,084 motorcyclists died in crashes, the highest number since 2019, rising at 21%.

The industry is likely to advance substantially due to the surging traffic congestion in urban areas. This is because of the swift urbanization due to which most populace is shifting toward metropolitan and urban cities for greater connectivity and easy availability of resources.

This is leading to mass migration, leading to a greater number of motorcycles/vehicles on the roads, causing traffic congestion as well as longer commute times.

Many individuals have two-wheelers, such as scooters and motorcycles, because of their affordability, efficiency, and mobile means of transport.

This has led to a substantial need for motorcycles in Asian as well as some European nations. These nations have an increasing requirement for flexible commuting options and connected automobile technology.

Market Insights

The embedded category was the largest contributor to the industry in 2023, with approximately 70% share. This embedded connectivity includes an electronic control unit, a GSM system, a GLONASS/GPS, and other important sensors.

The tethered hardware category will advance at a faster compound annual growth rate, of 60.5%, in the years to come.

Tethered hardware devices for connected motorcycles, via technologically enhanced software algorithms and various hardware systems, offer safety and security features.

The MAI category led the industry in 2023, with a 35% share. This can be because of the increasing road fatalities, due to ignorance of motorcycle tactics on roads.

Vehicle-to-vehicle (V2V) accounted for the largest share of the industry in 2023, of approximately 70%. This is because of the improved safety of automobiles armed with communication systems, less emphasis on external infrastructure, and production as per government rules.

The OEM category was the largest contributor to the industry, and it will also advance at a faster CAGR in the years to come.

OEMs examine important information like riding mode, speed, drivers' profiles, and parking location, as per their driving behavior.

Europe led the industry in 2023, with approximately 45% share. The dominance is because of the strict safety and driving regulations in this region.

The high acceptance of connected motorcycles in Europe among customers is further boosting the regional industry expansion.

APAC will advance at the fastest rate, of 60.8%, in the years to come. This is primarily because of a high parc number and fondness for motorcycles in this region.

The connected motorcycle industry is highly fragmented, because of many international and domestic companies. The constant arrival of new players is impacting the recognized and new service providers.

Major players are progressively concentrating on collaborations with communication technology and software firms to improve their services and enhance their market presence.

Product Code: 11963

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by hardware
- 1.4.2. Market size breakdown, by service
- 1.4.3. Market size breakdown, by communication
- 1.4.4. Market size breakdown, by calling service
- 1.4.5. Market size breakdown, by network
- 1.4.6. Market size breakdown, by service provider
- 1.4.7. Market size breakdown, by application
- 1.4.8. Market size breakdown, by end user
- 1.4.9. Market size breakdown, by region
- 1.4.10. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Revenue, by Hardware (2017-2030)
6.3. Market Revenue, by Service (2017-2030)
6.4. Market Revenue, by Communication (2017-2030)
6.5. Market Revenue, by Calling Service (2017-2030)
6.6. Market Revenue, by Network (2017-2030)
6.7. Market Revenue, by Service Provider (2017-2030)
6.8. Market Revenue, by Application (2017-2030)
6.9. Market Revenue, by End User (2017-2030)
6.10. Market Revenue, by Region (2017-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Revenue, by Hardware (2017-2030)
7.3. Market Revenue, by Service (2017-2030)
7.4. Market Revenue, by Communication (2017-2030)
7.5. Market Revenue, by Calling Service (2017-2030)
7.6. Market Revenue, by Network (2017-2030)
7.7. Market Revenue, by Service Provider (2017-2030)
7.8. Market Revenue, by Application (2017-2030)
7.9. Market Revenue, by End User (2017-2030)
7.10. Market Revenue, by Country (2017-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Revenue, by Hardware (2017-2030)
8.3. Market Revenue, by Service (2017-2030)
8.4. Market Revenue, by Communication (2017-2030)
8.5. Market Revenue, by Calling Service (2017-2030)
8.6. Market Revenue, by Network (2017-2030)
8.7. Market Revenue, by Service Provider (2017-2030)
8.8. Market Revenue, by Application (2017-2030)
8.9. Market Revenue, by End User (2017-2030)
8.10. Market Revenue, by Country (2017-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Revenue, by Hardware (2017-2030)
9.3. Market Revenue, by Service (2017-2030)
9.4. Market Revenue, by Communication (2017-2030)
9.5. Market Revenue, by Calling Service (2017-2030)
9.6. Market Revenue, by Network (2017-2030)
9.7. Market Revenue, by Service Provider (2017-2030)
9.8. Market Revenue, by Application (2017-2030)
9.9. Market Revenue, by End User (2017-2030)
9.10. Market Revenue, by Country (2017-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Revenue, by Hardware (2017-2030)
10.3. Market Revenue, by Service (2017-2030)
10.4. Market Revenue, by Communication (2017-2030)
10.5. Market Revenue, by Calling Service (2017-2030)
10.6. Market Revenue, by Network (2017-2030)
10.7. Market Revenue, by Service Provider (2017-2030)
10.8. Market Revenue, by Application (2017-2030)
10.9. Market Revenue, by End User (2017-2030)
10.10. Market Revenue, by Country (2017-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Revenue, by Hardware (2017-2030)
11.3. Market Revenue, by Service (2017-2030)
11.4. Market Revenue, by Communication (2017-2030)
11.5. Market Revenue, by Calling Service (2017-2030)
11.6. Market Revenue, by Network (2017-2030)
11.7. Market Revenue, by Service Provider (2017-2030)
11.8. Market Revenue, by Application (2017-2030)
11.9. Market Revenue, by End User (2017-2030)
11.10. Market Revenue, by Country (2017-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Revenue, by Hardware (2017-2030)
12.3. Market Revenue, by Service (2017-2030)
12.4. Market Revenue, by Communication (2017-2030)
12.5. Market Revenue, by Calling Service (2017-2030)
12.6. Market Revenue, by Network (2017-2030)
12.7. Market Revenue, by Service Provider (2017-2030)
12.8. Market Revenue, by Application (2017-2030)
12.9. Market Revenue, by End User (2017-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Revenue, by Hardware (2017-2030)
13.3. Market Revenue, by Service (2017-2030)
13.4. Market Revenue, by Communication (2017-2030)
13.5. Market Revenue, by Calling Service (2017-2030)
13.6. Market Revenue, by Network (2017-2030)
13.7. Market Revenue, by Service Provider (2017-2030)
13.8. Market Revenue, by Application (2017-2030)
13.9. Market Revenue, by End User (2017-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Revenue, by Hardware (2017-2030)
14.3. Market Revenue, by Service (2017-2030)
14.4. Market Revenue, by Communication (2017-2030)
14.5. Market Revenue, by Calling Service (2017-2030)
14.6. Market Revenue, by Network (2017-2030)
14.7. Market Revenue, by Service Provider (2017-2030)
14.8. Market Revenue, by Application (2017-2030)
14.9. Market Revenue, by End User (2017-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Revenue, by Hardware (2017-2030)
15.3. Market Revenue, by Service (2017-2030)
15.4. Market Revenue, by Communication (2017-2030)
15.5. Market Revenue, by Calling Service (2017-2030)
15.6. Market Revenue, by Network (2017-2030)
15.7. Market Revenue, by Service Provider (2017-2030)
15.8. Market Revenue, by Application (2017-2030)
15.9. Market Revenue, by End User (2017-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Revenue, by Hardware (2017-2030)
16.3. Market Revenue, by Service (2017-2030)
16.4. Market Revenue, by Communication (2017-2030)
16.5. Market Revenue, by Calling Service (2017-2030)
16.6. Market Revenue, by Network (2017-2030)
16.7. Market Revenue, by Service Provider (2017-2030)
16.8. Market Revenue, by Application (2017-2030)
16.9. Market Revenue, by End User (2017-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Revenue, by Hardware (2017-2030)
17.3. Market Revenue, by Service (2017-2030)
17.4. Market Revenue, by Communication (2017-2030)
17.5. Market Revenue, by Calling Service (2017-2030)
17.6. Market Revenue, by Network (2017-2030)
17.7. Market Revenue, by Service Provider (2017-2030)
17.8. Market Revenue, by Application (2017-2030)
17.9. Market Revenue, by End User (2017-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Revenue, by Hardware (2017-2030)
18.3. Market Revenue, by Service (2017-2030)
18.4. Market Revenue, by Communication (2017-2030)
18.5. Market Revenue, by Calling Service (2017-2030)
18.6. Market Revenue, by Network (2017-2030)
18.7. Market Revenue, by Service Provider (2017-2030)
18.8. Market Revenue, by Application (2017-2030)
18.9. Market Revenue, by End User (2017-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Revenue, by Hardware (2017-2030)
19.3. Market Revenue, by Service (2017-2030)
19.4. Market Revenue, by Communication (2017-2030)
19.5. Market Revenue, by Calling Service (2017-2030)
19.6. Market Revenue, by Network (2017-2030)
19.7. Market Revenue, by Service Provider (2017-2030)
19.8. Market Revenue, by Application (2017-2030)
19.9. Market Revenue, by End User (2017-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Revenue, by Hardware (2017-2030)
20.3. Market Revenue, by Service (2017-2030)
20.4. Market Revenue, by Communication (2017-2030)
20.5. Market Revenue, by Calling Service (2017-2030)
20.6. Market Revenue, by Network (2017-2030)
20.7. Market Revenue, by Service Provider (2017-2030)
20.8. Market Revenue, by Application (2017-2030)
20.9. Market Revenue, by End User (2017-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Revenue, by Hardware (2017-2030)
21.3. Market Revenue, by Service (2017-2030)
21.4. Market Revenue, by Communication (2017-2030)
21.5. Market Revenue, by Calling Service (2017-2030)
21.6. Market Revenue, by Network (2017-2030)
21.7. Market Revenue, by Service Provider (2017-2030)
21.8. Market Revenue, by Application (2017-2030)
21.9. Market Revenue, by End User (2017-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Revenue, by Hardware (2017-2030)
22.3. Market Revenue, by Service (2017-2030)
22.4. Market Revenue, by Communication (2017-2030)
22.5. Market Revenue, by Calling Service (2017-2030)
22.6. Market Revenue, by Network (2017-2030)
22.7. Market Revenue, by Service Provider (2017-2030)
22.8. Market Revenue, by Application (2017-2030)
22.9. Market Revenue, by End User (2017-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Revenue, by Hardware (2017-2030)
23.3. Market Revenue, by Service (2017-2030)
23.4. Market Revenue, by Communication (2017-2030)
23.5. Market Revenue, by Calling Service (2017-2030)
23.6. Market Revenue, by Network (2017-2030)
23.7. Market Revenue, by Service Provider (2017-2030)
23.8. Market Revenue, by Application (2017-2030)
23.9. Market Revenue, by End User (2017-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Revenue, by Hardware (2017-2030)
24.3. Market Revenue, by Service (2017-2030)
24.4. Market Revenue, by Communication (2017-2030)
24.5. Market Revenue, by Calling Service (2017-2030)
24.6. Market Revenue, by Network (2017-2030)
24.7. Market Revenue, by Service Provider (2017-2030)
24.8. Market Revenue, by Application (2017-2030)
24.9. Market Revenue, by End User (2017-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Revenue, by Hardware (2017-2030)
25.3. Market Revenue, by Service (2017-2030)
25.4. Market Revenue, by Communication (2017-2030)
25.5. Market Revenue, by Calling Service (2017-2030)
25.6. Market Revenue, by Network (2017-2030)
25.7. Market Revenue, by Service Provider (2017-2030)
25.8. Market Revenue, by Application (2017-2030)
25.9. Market Revenue, by End User (2017-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Revenue, by Hardware (2017-2030)
26.3. Market Revenue, by Service (2017-2030)
26.4. Market Revenue, by Communication (2017-2030)
26.5. Market Revenue, by Calling Service (2017-2030)
26.6. Market Revenue, by Network (2017-2030)
26.7. Market Revenue, by Service Provider (2017-2030)
26.8. Market Revenue, by Application (2017-2030)
26.9. Market Revenue, by End User (2017-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Revenue, by Hardware (2017-2030)
27.3. Market Revenue, by Service (2017-2030)
27.4. Market Revenue, by Communication (2017-2030)
27.5. Market Revenue, by Calling Service (2017-2030)
27.6. Market Revenue, by Network (2017-2030)
27.7. Market Revenue, by Service Provider (2017-2030)
27.8. Market Revenue, by Application (2017-2030)
27.9. Market Revenue, by End User (2017-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Revenue, by Hardware (2017-2030)
28.3. Market Revenue, by Service (2017-2030)
28.4. Market Revenue, by Communication (2017-2030)
28.5. Market Revenue, by Calling Service (2017-2030)
28.6. Market Revenue, by Network (2017-2030)
28.7. Market Revenue, by Service Provider (2017-2030)
28.8. Market Revenue, by Application (2017-2030)
28.9. Market Revenue, by End User (2017-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Yamaha Motor Company Limited
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. Kawasaki Heavy Industries
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. Suzuki Motor Corporation
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. Harley Davidson
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. BMW AG
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. KTM AG
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Robert Bosch GmbH
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. Continental AG
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Autotalks Ltd.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Panasonic Corporation
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. International Business Machines Corporation
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Connected Motorcycle Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)