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.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
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:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
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?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.