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.
Regional analysis for the global connected motorcycle market includes:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa (MEA)
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
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