Connected Motorcycle Market is predicted to reach USD 2.99 billion at a CAGR of 55.90% during the forecast period 2023-2032

Market Research Future (MRFR) has published on the “Global Connected Motorcycle Market”.


The connected motorcycle market is estimated to register a CAGR of 55.90% during the forecast period of 2023 to 2032.


MRFR recognizes the following companies as the key players in the global Connected Motorcycle market— Continental AG, Robert Bosch GmbH, Telit, Yamaha Motors, KTM, Ducati, Honda, Panasonic Corporation, BMW Motorrad, Harley Davidson.


Market Highlights


The global connected motorcycle market is accounted to register a CAGR of 55.90% during the forecast period and is estimated to reach USD 2.99 billion by 2032.


Connected motorcycles offer a wide range of features such as real-time GPS navigation, music streaming, and smartphone integration, which appeal to tech-savvy riders seeking a more enjoyable and connected journey. Additionally, the demand for improved communication and connectivity while riding, including features like hands-free calling and messaging, drives the adoption of connected motorcycle technology. Further, the growing popularity of group rides and social connectivity features within connected motorcycle systems fosters a sense of community among riders, further incentivizing the adoption of these systems.


Segment Analysis


The global Connected Motorcycle market has been segmented based on communication type, network type and service.


On the basis of communication type, the market is segmented into V2V and V2I. The V2V segment was attributed to holding the largest market share in 2022, as it allows real-time information with nearby vehicles, reducing the risk of accidents.


Based on network type, the global Connected Motorcycle market has been segmented into C-V2X and DSRC. The DSRC segment was expected to hold the largest market share in 2022, as it offers low-latency and high-reliability communication.


Based on service, the global Connected Motorcycle market has been segmented into Driver Assistance, Safety, Vehicle Management & Telematics, Infotainment and Insurance. The infotainment segment was expected to hold the largest market share in 2022, as it provides riders a rich and immersive digital experiences.


Browse In-depth Details [Table of Content, List of Figures, List of Tables] of @ Connected Motorcycle market Research Report


Regional Analysis


The global Connected Motorcycle market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Connected Motorcycle market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Connected Motorcycle market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Connected Motorcycle market comprises of Middle East, Africa, and Latin America.


The largest market share for Connected Motorcycle was maintained by the North American regional sector. This increase is attributed to the increasing demand for advanced safety and security features, reflecting a strong emphasis on rider protection and accident prevention. Additionally, the region's robust technological infrastructure and a consumer base familiar with connected technologies contribute to the adoption of these systems. The regulatory environment, which encourages the integration of connected technology for enhanced road safety, further accelerates market growth in North America.


Moreover, the Europe market has been persistently growing over the forecast period. The demand for Connected Motorcycle is driven by by stringent safety regulations and a strong focus on road safety, leading to a growing demand for advanced safety features such as collision warning systems and real-time GPS tracking, which are integral components of connected motorcycle technology. Additionally, the region's tech-savvy consumer base and the desire for enhanced riding experiences contribute to the rapid adoption of connected motorcycle systems.


Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period, due to the region's rapidly growing middle-class population and increasing urbanization, leading to a surge in motorcycle ownership and the demand for advanced, tech-enabled features. Additionally, governments in some Asian countries are emphasizing road safety and have implemented regulations that encourage the adoption of connected motorcycle technology, further propelling market growth.


Furthermore, the rest of the world's Connected Motorcycle market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the growing demand for advanced technology and connectivity features in motorcycles, along with the increasing popularity of two-wheelers for commuting and leisure. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.


Key Findings of the Study



  • The global Connected Motorcycle market is expected to reach USD 2.99 billion by 2032, at a CAGR of 55.90% during the forecast period.

  • The Asia-Pacific region accounted for the fastest-growing global market as the governments in some Asian countries are emphasizing road safety and have implemented regulations that encourage the adoption of connected motorcycle technology.

  • Based on service, the infotainment segment was attributed to holding the largest market in 2022, with an approximate market share of 45–65%.

  • Continental AG,,Robert Bosch GmbH, Telit, Yamaha Motors, KTM, Ducati, Honda, Panasonic Corporation, BMW Motorrad, Harley Davidson.

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Pages 128
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