Connected Motorcycle Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Connected Motorcycle Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of Connected Motorcycle Market

The connected motorcycle market size was valued at USD .0982 billion in 2023, and the market is now projected to grow from USD .112 billion in 2024 to USD .326 billion by 2032, exhibiting a CAGR of 14.3% during the forecast period of 2024-2032.

COVID-19 had an impact on the supply chain and demand globally targeting the interconnected motorcycle industry. There was weak buying power among consumers and new product launches were affected by the lockdown measures and generally a very unstable economy. However, the pandemic has also created awareness of just how essential connectivity is to the automotive industry hence promoting the connected motorcycle market growth.

Manufacturers have been integrating networking technology into motorcycle models in a bid to offer the necessary innovative solutions that are of paramount importance to the riders, mainly safety measures as well as convenience. Another factor that may spur the connected motorbike technology trend is the realization of traffic safety. Lastly, these features reduce the likelihood of an accident by enabling a rider to make a correct decision and to react promptly to any road conditions. Favorable measures and policies are being enforced by governments and other authorities to ensure that safer modes of transportation such as automobiles and motorbikes among others adopt new improved safety features as often as possible. In other words, the implication is that with riders seeking safer and more connected riding experiences, the connected motorcycle market share will rise as a whole.

The automobile industry is shifting towards the creation of new technologies to enhance specific satisfaction of automotive safety systems and in-car information accessibility, as well as connectivity solutions. Leading organizations in Europe including BMW and Robert Bosch are taking consistent efforts for enhancing roadside assistance and development by incorporating safety aspects of motorcycles like emergency calls and breakdown calls.

Comprehensive Analysis of Connected Motorcycle Market

A broad categorization of many forms of communication such as Vehicle-to-Vehicle (V2V) and Vehicle-to-Infrastructure (V2I) that enhances traffic flow and safety of the rider is studied to properly analyze the market of connected motorcycles. Using the available connection types, namely, cellular and dedicated short-range communication (DSRC), the market is segmented based on network reliability and durability. In addition, other applications such as Motorcycle Approach Indication (MAI), Intersection Movement Assistance (IMA), Forward Collision Warning (FCA), and Left Turning Assistance (LTA) consist of connectivity types such as Embedded, Integrated, and Tethered connectivity that enhance the riders with superior security and operation.

Due to the strict use and protection regulations inside the vicinity, Europe held a dominant market share in 2023. In 2023, the nearby market is expected to be worth USD 60.4 million.

Continental AG (Germany), Robert Bosch GmbH (Germany), Telit (U.K.), Yamaha Motors (Japan), KTM (Austria), Ducati (Italy), Honda (Japan), Panasonic Corporation (Japan), BMW Motorrad (Germany), and Harley Davidson (U.S.) are some major players in this industry. These groups of companies who are leaders within the discipline offer a stage playing field for all their competitors as they guarantee increase and set requirements for the arena.

The technology assets and intellectual property of Airbiquity were purchased by Karma Automotive, a manufacturer of ultra-luxury vehicles in Southern California, in February 2024.

Segmentation Table

Global Connected Motorcycle Market Scope

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Growth Rate CAGR of 14.3% from 2024 to 2032

Unit Value (USD Million)

By Communication Type Vehicle-to-Vehicle (V2V)

Vehicle-to-Infrastructure (V2I)

By Network Type Cellular

Dedicated Short Range Communication (DSRC)

By Connectivity Type Embedded

Integrated

Tethered

By Application Motorcycle Approach Indication (MAI)

Intersection Movement Assist (IMA)

Forward Collision Warning (FCA)

Left Turning Assist (LTA)

By Region North America (By Communication Type, By Connectivity Type, By Network Type, and By Application)

- U.S. (By Connectivity Type)

- Canada (By Connectivity Type)

- Mexico (By Connectivity Type)

Europe (By Communication Type, By Connectivity Type, By Network Type, and By Application)

- U.K. (By Connectivity Type)

- Germany (By Connectivity Type)

- France (By Connectivity Type)

- Italy (By Connectivity Type)

- Rest of Europe (By Connectivity Type)

Asia Pacific (By Communication Type, By Connectivity Type, By Network Type, and By Application)

- China (By Connectivity Type)

- India (By Connectivity Type)

- Japan (By Connectivity Type)

- South Korea (By Connectivity Type)

- Rest of Asia Pacific (By Connectivity Type)

Rest of the World (By Communication Type, By Connectivity Type, By Network Type, and By Application)


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