Dublin, July 12, 2023 (GLOBE NEWSWIRE) -- The "Connected Two Wheeler Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Vehicle Type (Scooter/Moped, Motorcycle), By Propulsion Type, By Service Type, By Connectivity Type, By End- User, and By Region" report has been added to ResearchAndMarkets.com's offering.
Global Connected Two Wheeler market is expected to grow significantly to 2028
The development of cutting-edge technology, improvement in automobile safety features, the arrival of electric vehicles, and fast-rising logistics in the retail and e-commerce sector are the major factors for the growth of the Global Connected Two Wheeler Market..
Evolution of Technology
The integration of mobile devices into the vehicle network to enhance and personalize navigation, communication, and entertainment capabilities has been one of the most important drivers of the connected Two wheeler sector.
In-vehicle connection applications continue to grow, necessitating greater bandwidth demands to accommodate high-quality displays. Manufacturers are releasing new models with increased connectivity and capacity to meet consumer requests. To gather all mobility information, the connected devices have a built-in GPS, SIM card, and accelerometer.
IoT-enabled motorcycles are outfitted with biosensors that can assess the health of riders to decrease traffic accidents. Multinational corporations use the Internet of Things to create mobile applications that connect motorcycles, owners, and service facilities. These technologies are expected to drive growth in the Global Connected Two Wheeler Market.
Rising Focus on Safety Concerns
A technologically advanced system that can read the roadways and send warning notifications about road curves, potholes, traffic, buildings, and other impediments is used in connected bikes. According to the National Highway Traffic Safety Administration, 76% of 5,458 accidents in the United States in 2020 involved riders, and 24% involved passengers.
Furthermore, 34% of motorcycle fatalities in 2020 were caused by rider errors such as overspeeding, under-turning, running wide on a curve due to excess speed, or a fall due to over-braking. A traffic jam warning (TJW), for example, alerts drivers about traffic jams and shows alternate routes to riders or slows their speed to avoid this problem.
The motorcycle approach indication (MAI) is a safety feature on these motorcycles that informs riders when another motorcyclist is approaching. Given the global data on two-wheeler accidents, several motorcycle manufacturers are compelled to incorporate modern driver-aid systems in freshly built motorcycles to improve rider safety.
Increased Demand for Electric Motorcycles
Electric motorcycles are becoming increasingly popular around the world. As technology improvements in electric bikes accelerate and new companies enter the market, demand will continue to rise in the coming years.
Concerns about emissions, more consumer knowledge, and increased government investments in the construction of EV charging infrastructure are projected to drive demand for electric motorbikes. Incentives provided by governments in various countries play an important role in increasing demand.
High Risk of Data Hacking
Connected two-wheeler technology also exemplifies possible hazards posed by fraudsters and hackers. Because of the increasing complexity of communications and software flaws, these motorcycles are extremely vulnerable to cyber-attacks.
Furthermore, adequate safety and security measures, as well as effective and robust network security solutions, are required because network infractions can result in the loss of data privacy, a negative influence on vehicle safety, and even an accident. It also includes GPS services for accurately identifying and navigating motorcycles.
As a result, anyone with public access to GPS satellite data can influence the vehicle's trajectory and lead the rider astray. This raises safety and security concerns for the rider. As a result, data hacking may stifle the expansion of the market.
Competitive Landscape
Key players are developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach and to be future ready.
Company Profiles: Detailed analysis of the major companies present in the Global Connected Two Wheeler Market.
- BMW AG
- Robert Bosch Gmbh
- Vodafone Group PLC
- Continental AG
- KPIT Technologies Ltd
- TE Connectivity Ltd
- Aeris Communication Inc.
- Autotalks Ltd.
- Starcom Systems Ltd
- Panasonic Corporation
Market Dynamics
Market Drivers
- Evolution of Technology
- Rising Focus on Safety Concerns
- Increase demand of Electric motorcycles
Market Trends and Developments
- Emerging new technologies
- Increasing Shared Mobility
Market Challenges
- High risk of Data hacking
Report Scope:
Connected Two-Wheeler Market, By Vehicle Type:
- Scooter/Moped
- Motorcycle
Connected Two-Wheeler Market, By Propulsion Type:
- ICE
- Electric
Connected Two-Wheeler Market, By Service Type:
- Driver Assistance
- Infotainment
- Safety
Connected Two-Wheeler Market, By Connectivity Type:
- Integrated
- Embedded
- Tethered
Connected Two-Wheeler Market, By End User:
- Private
- Commercial
Connected Two-Wheeler Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe & CIS
- Germany
- Russia
- France
- Spain
- Italy
- United Kingdom
- Switzerland
- Netherlands
- Austria
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Malaysia
- Indonesia
- Thailand
- South America
- Argentina
- Brazil
- Colombia
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
For more information about this report visit https://www.researchandmarkets.com/r/1v72ho
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