Connected Motorcycle Market to Rev Up to $304.1 Million Globally by 2027, Accelerating at a 39.6% CAGR : AMR
Connected Motorcycle Industry
๐ฐ ๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ - https://www.alliedmarketresearch.com/request-sample/A06422
Cellular connectivity in connected motorcycles offer various advantages and is the most effective way to ensure a reliable connectivity, low latency, and security. In addition, in coming days, 5G cellular technology is anticipated to become an integral part of connectivity and interoperability required for efficient function of these cellular networks. Moreover, technology companies are joining connected motorcycle consortium, collaboration between manufacturers, suppliers, and others, working together with a focus of making motorcycle a part of the future connected mobility. For instance, on April 26, 2018, Autotalks, a semiconductor company focused on development of vehicle-to-everything (V2X) communications, joined Connected Motorcycle Consortium. In addition, Autotalks launched 5.9 GHz band DSRC-based V2M solution in 2017, based on second-generation V2X chipset that allows motorcyclists to receive alert on road situations to avoid accidents.
Growth in trend of connectivity solutions in vehicles propel growth of the connected motorcycle market2. In addition, increase in safety features provided by connected motorcycles also fuel growth of the connected motorcycle market. However, threat of data hacking and lack of seamless and uniform connectivity infrastructure hinder the market growth. Conversely, incorporation of 5G connectivity to power connected mobility is anticipated to provide remunerative opportunities to key players for the market expansion.โ
๐๐ก๐ ๐๐๐ฅ๐ฅ๐ฎ๐ฅ๐๐ซ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐๐จ๐ฆ๐ข๐ง๐๐ญ๐ ๐๐ฒ ๐๐๐๐-
Based on connectivity network, the cellular segment accounted for more than four-fifths of the global connected motorcycle market share in 2019, and is expected to rule the roost by the end of 2027, due its ability for a reliable connectivity, low latency, security, and others. The dedicated short-range communication segment, on the other hand, would register the fastest CAGR of 43.3% during the forecast period, owing to its ability to offer high-speed communication even in the presence of obstruction and operate in extreme conditions.
๐ฐ ๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ - https://www.alliedmarketresearch.com/purchase-enquiry/A06422
๐๐ก๐ ๐ข๐ง๐ญ๐๐ ๐ซ๐๐ญ๐๐ ๐ฌ๐๐ ๐ฆ๐๐ง๐ญ ๐ญ๐จ ๐ฆ๐๐ข๐ง๐ญ๐๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐ฆ๐ข๐ง๐๐ง๐ญ ๐ฌ๐ก๐๐ซ๐-
Based on connectivity solution, the integrated segment contributed to more than two-fifthsof the global connected motorcycle market revenue in 2019, and is projected to lead the trail by 2027. This is because it offers improved readability in all weather conditions and optimal user experience. At the same time, the tethered segment would grow at the fastest CAGR of 43.3% throughout the forecast period, due to surge in trend of internet connectivity solution for vehicles.
๐๐ฎ๐ซ๐จ๐ฉ๐, ๐๐จ๐ฅ๐ฅ๐จ๐ฐ๐๐ ๐๐ฒ ๐๐จ๐ซ๐ญ๐ก ๐๐ฆ๐๐ซ๐ข๐๐, ๐ก๐๐ฅ๐ ๐ญ๐ก๐ ๐ฆ๐๐ฃ๐จ๐ซ ๐ฌ๐ก๐๐ซ๐ ๐ข๐ง ๐๐๐๐-
Based on geography, Europe, followed by North America, held the major share in 2019, generating more than two-fifths of the global connected motorcycle market3. Top automobile companies and insurance companies in the continent are collaborating for the development of new range of connected motorcycle to improve the road safety and reduce the number of accidents on roads. This factor has contributed to the market growth. Simultaneously, the region across LAMEA would exhibit the fastest CAGR of 47.4% from 2020 to 2027, due to introduction of new range of connected technology such as emergency calling, driver assistance, and others by the motorcycle manufactures in the region.
๐๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ-
Aeris
Autotalks Ltd.
BMW AG
Hero MotoCorp Ltd.
Kawasaki Heavy Industries, Ltd.
KTM AG (PIERER Mobility AG)
Robert Bosch GmbH
Triumph Motorcycles
Yamaha Motor Co., Ltd.
Zero Motorcycles, Inc.
๐ฐ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/connected-motorcycle-market/purchase-options
๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐๐ ๐๐ก๐ ๐๐ญ๐ฎ๐๐ฒ
On the basis of connectivity network, the dedicated short-range communication segment is anticipated to exhibit a remarkable growth during the forecast period.
On the basis of connectivity solution, the integrated segment is the highest contributor to the global market, in terms of revenue.
On the basis of region, LAMEA is the fastest growing region, followed by Asia-Pacific, North America, and Europe.
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐ฎ๐ญ๐จ๐ฆ๐จ๐ญ๐ข๐ฏ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
https://www.alliedmarketresearch.com/connected-rail-market-A12176 - Connected Rail Market Size, Share, Competitive Landscape and Trend Analysis Report, by Service, By Rolling Stock, By Safety and Signaling System : Global Opportunity Analysis and Industry Forecast, 2021-2031
https://www.alliedmarketresearch.com/electric-vehicle-charging-connector-market-A106800 - Electric Vehicle Charging Connector Market Size, Share, Competitive Landscape and Trend Analysis Report, by Type, by Charging Level, by Charging Speed, by End User : Global Opportunity Analysis and Industry Forecast, 2023-2032
https://www.alliedmarketresearch.com/automotive-telematics-market - Automotive Telematics Market Size, Share, Competitive Landscape and Trend Analysis Report, by Channel, Vehicle Type, Application and Connectivity Solution : Global Opportunity Analysis and Industry Forecast, 2019-2026
David Correa
Allied Market Research
+1 800-792-5285
email us here
Visit us on social media:
Facebook
X
1 https://www.alliedmarketresearch.com/connected-motorcycle-market-A06422
2 https://www.prnewswire.com/news-releases/connected-motorcycle-market-to-reach-304-1-mn-globally-by-2027-at-39-6-cagr-allied-market-research-301228136.html
3 https://www.alliedmarketresearch.com/press-release/connected-motorcycle-market.html
