Based on the “Connected Two Wheeler Market-Global Industry Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F” report by TechSci Research, the Global Connected Two Wheeler Market is expected to experience a rapid Compound Annual Growth Rate (CAGR) in the coming years.
The automotive industry is witnessing significant technological advancements in manufacturing methods, design, and electronics on a global scale. Connected two-wheelers represent technologically advanced vehicles equipped with Internet of Things (IoT) devices and powered by Artificial Intelligence (AI), providing users with seamless internet connectivity and intelligent mobility. These vehicles’ connectivity systems manage comfort and safety functions such as thermal management, enhanced lighting, tire pressure monitoring, keyless start, and emergency calls. Features like GPS tracking, safety systems, and security systems assist riders in monitoring crucial aspects like bike status, riding statistics, system updates, battery charging, and alerts. The rider can operate the device through the dashboard.
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The growing awareness among consumers about the safety features offered by connected two-wheelers, coupled with advancements in connectivity technology, is expected to drive market demand. Moreover, the increasing adoption of smartphones and the internet is likely to fuel market growth. The integration of 5G connectivity to enhance connected mobility is also anticipated to significantly boost the connected two-wheeler industry. Additionally, the expanding logistics sector in retail and e-commerce industries will drive the demand for connected two-wheelers. The global connected two-wheeler market is expected to expand alongside the rising adoption of connectivity solutions in vehicles and the improvement of safety features in connected two-wheelers.
The Global Connected Two Wheeler Market can be categorized based on vehicle type, propulsion type, service type, connectivity type, end-user, region, and competitive landscape. Under vehicle types, the connected two-wheeler market is segmented into scooters/mopeds and motorcycles. While the scooter/moped segment currently leads the market, advancements in technology are making motorcycles increasingly promising. The market is primarily divided into three service types: Driver Assistance, Infotainment, and Safety. Infotainment services, including turn-by-turn navigation, calls, texts, and music controls, are driving the market within the service type category. In terms of connectivity, the market is divided into Integrated, Embedded, and Tethered. Embedded connectivity includes an electronic control unit, GSM module, GLONASS/GPS system, and necessary sensors. This segment is gaining substantial market share due to its features. The market is segmented by end-users into private and commercial categories. The commercial segment is leading the market, largely driven by E-commerce platforms and delivery partners who use connected two-wheelers for supply chain and logistics services.
Some of the major players operating in the Global Connected Two-Wheeler Market include:
- 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
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“”In order to improve the performance of two-wheelers, many auto manufacturing businesses are investing in cutting-edge technology and safety features. ” E-Commerce companies are also investing in connected two wheelers to increase their supply chain services, which is resulting in the rapid growth of the Global Connected Two Wheeler Market,”said Mr. Karan Chechi, Research Director with TechSci Research, a research-based management consulting firm.
“Connected Two Wheeler Market- Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F, Segmented By Vehicle Type (Scooter/Moped, Motorcycle), By Propulsion Type (Internal Combustion Engine (ICE), Electric), By Service Type (Driver Assistance, Infotainment and Safety), By Connectivity Type (Integrated, Embedded and Tethered), By End- User (Private, Commercial) and By Region,” has evaluated the future growth potential of Global Connected Two Wheeler Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Connected Two Wheeler Market.
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