The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

As per The Business Research Company’s Connected Motorcycle Global Market Report 2024, the connected motorcycle market is expected to show significant growth in the forecast period.

The connected motorcycle market has seen remarkable growth in recent years, reflecting a dynamic shift in how technology integrates with two-wheelers.

• Market Growth: The market grew from $0.16 billion in 2023 to $0.23 billion in 2024, with an impressive compound annual growth rate (CAGR) of 44.2%.
• Driving Factors: This growth has been fueled by advances in global positioning system (GPS) technology, the rise of early connectivity features, increased smartphone usage, safety regulations, and the early adoption of smart vehicle initiatives.

Future Prospects and Trends in Connected Motorcycles

The future of the connected motorcycle market is poised for continued exponential growth, driven by several key factors and emerging trends.

• Forecasted Growth: The market is expected to reach $1.00 billion by 2028, growing at a CAGR of 44.3%.
• Key Growth Drivers: This anticipated growth is attributed to rising concerns over road safety, stricter regulatory mandates, consumer demand for connectivity, infrastructure evolution, and competitive market dynamics.
• Emerging Trends: Notable trends include the rise of 5G-enabled connectivity, advancements in autonomous riding technology, personalized rider experiences, over-the-air updates, and the increased adoption of AI-driven safety systems.

View More On The Connected Motorcycle Market Report 2024 – https://www.thebusinessresearchcompany.com/report/connected-motorcycle-global-market-report

Impact of Electric Motorcycles on the Connected Motorcycle Market

The surge in demand for electric motorcycles is a significant factor propelling the growth of the connected motorcycle market.

• Electric Motorcycle Demand: Growing environmental concerns, rising fuel costs, technological advancements, government incentives, and urban traffic challenges are driving the demand for electric motorcycles.
• Connected Motorcycle Benefits: These connected motorcycles enhance electric vehicle (EV) functionality by providing essential tools for battery management, safety, maintenance, and efficiency.
• Market Influence: The increasing demand for electric motorcycles is making connected motorcycles more practical and appealing, contributing significantly to the market’s expansion.

AI and Sensor Technology: The Future of Connected Motorcycles

Innovations in artificial intelligence (AI) and sensor technology are at the forefront of the connected motorcycle market, driving advancements that redefine safety and user experience.

• AI Integration: AI in connected motorcycles utilizes advanced algorithms and machine learning to enhance functionality, safety, and efficiency.
• Sensor Technology: This technology collects data on the vehicle’s environment, status, and operation, leading to improved safety and performance.
• Case Study: Verge Motorcycles Inc. launched the Starmatter Software and Intelligence Platform in January 2024, which integrates AI, sensor technology, and game engines to revolutionize the riding experience. Features like real-time adaptive learning, collision detection, adaptive cruise control, and automated emergency braking set new standards in connected motorcycling.

Strategic Acquisitions to Enhance Market Position

Strategic acquisitions are playing a pivotal role in enhancing user experience and performance in the connected motorcycle market.

• Ultraviolette Automotive: In April 2022, Ultraviolette Automotive acquired Triloki Smart Systems to scale its Automotive Intelligence Platform (AIP) across multiple products and geographies.
• Acquisition Impact: This move enhances the user experience and performance of Ultraviolette’s electric vehicles, further solidifying its position in the market.

Market Segmentation and Regional Insights

The connected motorcycle market is diverse, with various segments and regional dynamics shaping its growth.

• Market Segments: The market is segmented by type (e.g., Sport, Tour, Roadster), connectivity solution (e.g., Integrated, Embedded), service (e.g., Driver Assistance, Safety), propulsion (e.g., ICE, Electric), and end-user (Private, Commercial).
• Regional Dynamics: Europe was the largest market in 2023, while Asia-Pacific is expected to be the fastest-growing region during the forecast period, indicating a global expansion of the connected motorcycle market.

Request A Sample Of The Global Connected Motorcycle Market Report 2024:

https://www.thebusinessresearchcompany.com/sample_request?id=16380&type=smp

The Connected Motorcycle Global Market Report 2024  provides an in-depth analysis on the connected motorcycle market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the connected motorcycle market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

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