Global Connected Motorcycle Market to Witness Stellar CAGR During the Forecast Period

Connected motorcycles is the new age technology in the IoT and automotive industry. These motorcycles are self-driving vehicles that have ability to connect to the surrounding infrastructure or with other riders. The highly advanced system of these connected motorcyclesprovides alerts to the rider by primarily reading the roads by notingtraffic, potholes, obstacles, road curves, and construction activities on the roads.

As per Research Dive blog , the connected motorcycles are helping in improving lives by monitoring things like routes and potential accident spots on the roadways. Now, IoT in combination with big data is syndicating with edge devices in orderto deliver real-time warnings. This is further preventing one of the most fatal disasters on the roadways i.e. motorcycle accidents.

Recent Developments in Connected Motorcycle Market

Using Internet of Things (IoT) technology in motorcycles provides more precision and safety to the riders as well as the people present on the roadways. The smart sensors in the connected motorcycles notifies the rider regarding the maintenance of the vehicle which helps in preventing the problem of motorcycle breakdown. The technology is advancing and the top gaining players of the global connected motorcycles industry are coming up with new technological advancements and novel products by focusing on consumers’ safety.

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For instance, in 2016, Yamaha, Honda, and BMW Motorrad together founded the Connected Motorcycle Consortium (CMC). It was followed soon after by Suzuki, KTM, and Kawasaki. The main objective behind founding CMC is establish the basis for technological innovations that integrates motorcycles in a cooperative intelligent transport system (C-ITS), which ensures safety on-road through networked communications and connectivity between them.

In 2017, an Israel-based company of fabless semiconductor, Autotalks, launched a novel connected motorcycle namely, “bike to-vehicle (B2V)”. The focus of the company behing introducing this technology was to prevent motorcycle accidents.

In April 2018,Autotalks joined the CMC (Connected Motorcycle Consortium). The company is working with the members of CMC with an aim to realize the uniform vision of motorcycles platform. The focus of Autotalks is to enhance the co-operative intelligent systems of transportation applications in motorcycles to help reduce road accidents.

In February 2019,the California-based Zero Motorcycles launched a new IoT-enabled motorcycle. Zero Motorcycles is a leading provider of IoT-enabled and electric motorcycles cross the U.S. The company also showcased the new connected motorcycle at different exhibitions in New York and Amsterdam.

Forecast Analysis of Connected Motorcycles Industry

Global connected motorcycle market is estimated to witness a positive growth during the forecast period. Technology is playing a crucial role in creating massive opportunities for the vendors in the global market. Increasing trend towards IoT-enabled motorcycles is also predicted to drive the market growth from 2019 to 2026. However, lack of IoT infrastructure in the developing economies is restricting the growth of connected motorcycle market.

Rising popularity of premium bikes and versatile applications of connected motorcycles all across the globe are substantial factors giving substantial uplift to the growth of connected motorcycle market in the coming years. As per the Research Dive report statistics, the connected motorcycle market is expected to rise at a CAGR of 46.4% by the end of 2026. Geographically, the Asia Pacific region is likely to create huge growth opportunities for the prominent players in the market owing to rising per-capita income of people and increasing sales of premium bikes in this region. In addition, the report profiles prominent players operating in the global market who are focusing more on introducing technology innovations and novel product development to maintain a strong position in the global industry.

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