How Has the Connected Motorcycle Market Size Evolved in Recent Years?
The connected motorcycle market has seen considerable growth due to a variety of factors.
• The connected motorcycle market has seen exponential growth in recent years. It is expected to increase from $0.23 billion in 2024 to $0.33 billion in 2025, growing at a compound annual growth rate (CAGR) of 44.5%.
This growth can be attributed to advances in GPS technology, early connectivity features, the rise in smartphone use, initial safety regulations, and pioneering initiatives in smart vehicles.
What are the Market Size and Expected Growth Rates for the Connected Motorcycle Market?
The connected motorcycle market is expected to maintain its strong growth trajectory in upcoming years.
• The connected motorcycle market is projected to reach $1.44 billion by 2029, with a CAGR of 44.2%.
The rapid growth is driven by concerns over road safety, regulatory mandates, consumer demand for safety and connectivity, evolving infrastructure, and market competition. Trends include 5G connectivity, autonomous riding technology, personalized rider experiences, over-the-air updates, and AI-driven safety systems.
Which Key Drivers Are Propelling The Connected Motorcycle Market's Growth?
The growing demand for electric motorcycles is expected to drive the growth of the connected motorcycle market. Electric motorcycles, powered by batteries instead of gasoline engines, are gaining popularity due to environmental concerns, rising fuel costs, and urban traffic congestion. Connected motorcycles enhance the user experience by providing tools for managing battery life, safety, and maintenance. According to the Office of Energy Efficiency and Renewable Energy, 1.1 million e-bikes were sold in the US in 2022, more than four times the number sold in 2021, signaling the growth of the connected motorcycle market.
What Are The Key Segments Within The Global Connected Motorcycle Market?
The connected motorcycle market covered in this report is segmented –
1) By Type: Sport, Tour, Roadster, Heritage, Adventure, Other Types
2) By Connectivity Solution: Integrated, Embedded, Tethered
3) By Service: Driver Assistance, Safety, Entertainment, Well Being, Vehicle Management, Mobility Management
4) By Propulsion: Immigration And Customs Enforcement (ICE), Electric
5) By End User: Private, Commercial
Subsegments:
1) By Sport: High-Performance Sport Motorcycles, Supersport Motorcycles, Track-Focused Motorcycles
2) By Tour: Touring Motorcycles, Cruiser Tour Motorcycles, Touring Bikes With Advanced Connectivity Features
3) By Roadster: Naked Bikes, Street Motorcycles, Urban Commuter Motorcycles
4) By Heritage: Classic Motorcycles, Retro-Style Motorcycles, Café Racers
5) By Adventure: Adventure Touring Motorcycles (Adv), Dual-Sport Motorcycles, Off-Road Adventure Bikes With Connectivity
6) By Other Types: Electric Motorcycles, Custom Motorcycles, Scooters With Connectivity Features
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Which Emerging Market Trends Are Altering The Connected Motorcycle Industry?
Companies in the connected motorcycle market are focusing on developing advanced technologies such as AI and sensors to maintain their market position. Verge Motorcycles launched the Starmatter Software and Intelligence Platform in January 2024, integrating AI and sensor technology for a more personalized and safe riding experience, offering real-time adaptive learning, collision detection, adaptive cruise control, and automated emergency braking.
Who Are the Key Players In The Connected Motorcycle Market?
Major companies operating in the connected motorcycle market are:
• Bayerische Motoren Werke AG
• Verizon Communications Inc.
• Honda Motor Co. Ltd.
• Amazon Web Services Inc.
• Panasonic Corporation
• International Business Machines Corporation
• Continental AG
• Suzuki Motor Corporation
• Yamaha Motor Co. Ltd.
• TE Connectivity Ltd.
• Kawasaki Heavy Industries Ltd.
• Harley-Davidson Inc.
• Vodafone Group plc
• Hero MotoCorp Ltd.
• Robert Bosch GmbH
• IAV GmbH
• KPIT Technologies Ltd.
• Triumph Motorcycles Limited
• Aeris Communications Inc.
• Zero Motorcycles Inc.
• Autotalks Ltd.
• Ducati Motor Holding S.p.A.
What Are The Regional Insights Into The Connected Motorcycle Market?
Europe was the largest region in the connected motorcycle market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the connected motorcycle market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
