Connected Motorcycle Market: Introduction
The automotive industry is witnessing significant technological advancements in manufacturing processes, design, electronics, etc., across the globe. Connected motorcycle is a relatively new technology incorporated in motorcycles to provide smart and intelligent two-wheeler mobility. Connected motorcycles are equipped with IoT devices enabling seamless internet connectivity in motorcycles and data sharing. Connected motorcycles will allow the rider to monitor four major areas of the bike: ride data sharing, charging, bike status & alerts, and system upgrades & updates.
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Global Connected Motorcycle Market: Competition Landscape
Panasonic Corporation was founded in 1918 and is headquartered in Kadoma, Osaka, Japan. The company operates in the business of electronics and non-electronics equipment. The company provides its products and services to various industries such as automotive, home appliances, and others. The company has over 273,858 employees. It has operations in Europe & CIS, North America, China & North Asia, Middle East & Africa, Latin America, and Asia & Oceania regions.
Zero Motorcycles was founded in 2006 and is headquartered in Scotts Valley, California, the U.S. The company develops electric motorcycles across the U.S. It provides mobility solutions for two-wheeler users by providing electric motorcycles that are lightweight and include IoT-enabled device.
On February 25, 2019, Zero Motorcycles announced a new motorcycle enabled with IoT device. The company has showcased the motorcycle at two different exhibitions held in Amsterdam and in New York.
Aeris was founded in 1992 and is headquartered in San Jose, California, the U.S. The company designs cellular network exclusively for machines. The company is known for providing flexible, efficient, and reliable M2M data transmission cellular network globally. Moreover, it develops telematics, medical devices, and remote machines.
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Global Connected Motorcycle Market: Dynamics
Rise in Demand for Technologically Advanced Motorcycles
There is an increase in demand for technologically advanced motorcycles. Nowadays, motorcycles are equipped with several electronic systems and devices that can enable the motorcycle to easily locate and navigate, and monitor motorcycle performance. Moreover, the demand for e-motorcycles is increasing, which is among the latest technologies being used in two wheelers. Motorcycles are equipped with IoT devices and powered by Artificial Intelligence (AI), which is expected to drive the connected motorcycles market during the forecast period.
Global Connected Motorcycle Market: Segmentation
The global connected motorcycle market can be segmented based on:
- Propulsion Type
Global Connected Motorcycle Market, by Technology
In terms of technology, the global connected motorcycle market can be classified into:
- Ride Sharing Data
Global Connected Motorcycle Market, by Propulsion Type
Based on propulsion type, the global connected motorcycle market can be bifurcated into:
- IC Engine
- Electric Engine
The report on the global connected motorcycle market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segments. The report also maps the qualitative impact of various factors on market segments and regions.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
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The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
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Below is a snapshot of these quadrants.
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2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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