The global connected motorcycle market is experiencing a significant growth, and will grow considerably in next few years. Connected motorcycle is a vehicle which connect rider to the vehicle through cellular connection for the telematics control unit with cloud services. This connected vehicle concept helps to enhance rider services and security. Connected Motorcycles are preferred by riding lover consumers due to its features including security, safety and GPS system. This technology stores all the record at cloud, which can be easily accessed by the consumer from anywhere. Moreover, consumer can monitor the real time performance of its vehicle. However, the high cost of the system restricts the consumption by middle class consumers which may hamper the growth of the market. Innovations in the automobile industry paves the way for improved and better vehicle with safety and security than other vehicles will help to drive the market growth. 

Market scope and structure analysis:

COVID-19 scenario analysis : 

• Economic crisis occurring due to lockdown across the world affects the money transfer operator segment greatly.

• All countries in the globe are currently focusing on the health care sector. Therefore, the production related the automobile industry has being stopped.

• Migrant employees and laborers will return to their native countries, which in turn, will impact the economy of the countries they were employed in. However, they have better skills and experience, which can favor their native countries.

• Research and development activities for vehicles technology will be limited, as researchers need to stay at home during the lockdown.

• There will be a drop in inward connected vehicles due to loss of employments and homecoming of workers.

Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis

Surge in adoption of safety and security features in automobile industry, rise in the preference of consumer shifting towards premium motorcycles, and increasing focus by manufacturers in automobile industry on superior performance and real-time diagnostics are the factors that drive the growth of global connected motorcycle market. However, high cost of the product, absence of connected standards and uniform platform, and lack of IOT-enabled infrastructure may hinder the market growth. Contrarily, investments in automation, launches of new and technologically advanced products, increase in the consumer demand for smartphone integration and digital dashboards, and government initiatives for smart cities and intelligent transport systems present new pathways in the industry and act as an opportunity for the growth of the global market. The global connected motorcycle market trends are as follows:

Increasing focus by manufacturers in automobile industry on superior performance and real-time diagnostics

The trend of motorcycle riding is rising in the youth generation across the globe owing to the movies in the Hollywood and Bollywood related to the car and bikes. Moreover, attractive marketing strategies and launch of various design of vehicles rises demand for advance vehicles by youth. Youth consumers are very much selective about the performance and real-time diagnostics. Therefore, increasing focus by manufacturers in automobile industry on superior performance and real-time diagnostics rises the demand for connected motorcycle and responsible to drive the growth of the market.

In January 2020, -Damon Motorcycles – the manufacturer of electric motor bikes has launched the Hypersport™, its flagship product. This product is the world’s smartest, safest, and most powerful electric motorcycle at CES 2020. This product was launched to improve its product portfolio.

Surge technological innovations in automobile industry 

The demand for technologically advance bike is rising owing to the consumers demand from youth consumers. The consumers are eager to welcome the combination of smart technology and automobile industry. The female consumers are also inclining towards vehicles. Technological developments is implementing across all the industries. Therefore, raising technological innovation in the automobile industry raises the demand for connected vehicles which helps to drive the growth of the market. In February 2020, Hero MotoCorp the leading manufacturer of vehicles in India has launched connected mobility cloud-based solution which would be offered initially with four models — XPulse 200, Pleasure+, Passion XPRO and HF Deluxe. 

Key segments covered:

Key benefits of the report:

• This study presents the analytical depiction of the global connected motorcycle industry along with the current trends and future estimations to determine the imminent investment pockets.

• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global connected motorcycle market share.

• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global connected motorcycle market growth scenario.

• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the global connected motorcycle market. 

• The report provides a detailed global Connected Motorcycle market analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the connected motorcycle market research report:

• What are the leading market players active in the connected motorcycle market?

• What the current trends will influence the connected motorcycle market in the next few years?

• What are the driving factors, restraints, and opportunities in the connected motorcycle market?

• What are the projections for the future that would help in taking further strategic steps?