Market Size of Two-wheeler Connectivity Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 46.00 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | Europe |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Two-Wheeler Connectivity Systems Market Analysis
The two-wheeler connectivity systems market was valued at USD 187.86 million, and it is expected to reach USD 1.87 billion during the forecast period, registering a CAGR of above 46%.
- The COVID-19 pandemic hindered the growth of the two-wheeler market due to shutdowns of manufacturing units and travel restrictions. In addition, with virtually no activity in tourism, the aftermarket segment of the connectivity systems in the two-wheeler market also witnessed a slowdown. As the market gains momentum, it is expected to witness positive growth over the forecast period.
- Smart connection systems provide a better experience and greater safety measures for commuters. Due to linked system solutions, riders will have access to digital information and entertainment while riding their two-wheelers. The rise of linked two-wheelers is expected to create possibilities for connected motorcycles and app developers. Market companies must improve existing applications and develop two-wheeler-specific apps. After the advent of electric motorbikes, the market for two-wheeler connection systems has seen tremendous expansion. The necessity of knowing vital facts such as battery state, driving range, and so on is a major factor in developing electric two-wheeler networking systems.
- Factors like technology advancements, advancements in vehicle safety, the introduction of driver-assist systems in motorcycles, and rapidly growing logistics in the retail and e-commerce sectors have been significantly driving demand for the connected motorcycle market.
- Increasing internet penetration and improvements in Internet connectivity and speed 5G to support vehicle-to-vehicle and vehicle-to-infrastructure, along with the increase in demand for features, like driving assistance systems, real-time safety, navigation, and GPS monitoring, are expected to contribute to market growth.
Two-Wheeler Connectivity Systems Industry Segmentation
The two-wheeler connectivity systems are technologies that allow motorcycles and scooters to communicate with other devices, such as smartphones or other vehicles, to provide riders with useful information and features.
The two-wheeler connectivity systems market is segmented by feature type, powertrain type, network type, and geography. By feature type, the market is segmented into driver assistance, safety, vehicle management, infotainment, and other features. By powertrain type, the market is segmented into ICE and electric. By network type, the market is segmented into Vehicle-to-everything (V2X) and Dedicated short-range communication (DSRC). By geography, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.
The report offers market size and forecast in value (in USD) for all the above segments.
| By Feature Type | |
| Driver Assistance | |
| Safety | |
| Vehicle Management | |
| Infotainment | |
| Other Features |
| By Powertrain Type | |
| Internal Combustion Engine | |
| Electric |
| By Network Type | |
| Vehicle-to-everything (V2X) | |
| Dedicated short-range communication (DSRC) |
| By Geography | |||||||
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Two-wheeler Connectivity Systems Market Size Summary
The two-wheeler connectivity systems market is poised for significant growth, driven by advancements in technology and increasing demand for smart features in motorcycles. The market, which faced challenges during the COVID-19 pandemic due to manufacturing shutdowns and travel restrictions, is now recovering and expected to expand rapidly. The integration of smart connection systems is enhancing the riding experience by providing digital information and entertainment, as well as improved safety measures. The rise of electric motorbikes has further fueled this growth, as the need for monitoring essential data like battery status and driving range becomes crucial. Factors such as technological advancements, vehicle safety improvements, and the introduction of driver-assist systems are also contributing to the market's expansion. The growing penetration of the internet and advancements in connectivity, including 5G, are expected to support the demand for features like real-time safety, navigation, and GPS monitoring.
The market is characterized by a mix of established players and new startups, with Europe anticipated to hold a major share. Countries like Germany, France, and Italy are seeing increased activity from both startups and conventional manufacturers launching new connectivity systems. Companies like Bosch are leading the way with innovative rider assistance systems and connectivity solutions that enhance safety and communication between vehicles. The demand for electric motorcycles is on the rise, driven by concerns over emissions and increased consumer awareness, with significant investments in charging infrastructure further propelling this trend. The entry of new players and the efforts of existing manufacturers to adapt to the electric motorcycle market are reshaping the competitive landscape. As the market continues to evolve, the focus on developing two-wheeler-specific apps and enhancing connectivity features is expected to drive further growth.
Two-wheeler Connectivity Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Sale of Electric Two-wheelers Poised to Boost Market Growth
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1.2 Market Restraints
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1.2.1 Lack of Connectivity Infrastructure
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Value in USD)
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2.1 By Feature Type
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2.1.1 Driver Assistance
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2.1.2 Safety
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2.1.3 Vehicle Management
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2.1.4 Infotainment
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2.1.5 Other Features
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2.2 By Powertrain Type
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2.2.1 Internal Combustion Engine
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2.2.2 Electric
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2.3 By Network Type
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2.3.1 Vehicle-to-everything (V2X)
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2.3.2 Dedicated short-range communication (DSRC)
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Japan
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2.4.3.4 South Korea
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 Rest of the World
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2.4.4.1 Brazil
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2.4.4.2 South Africa
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2.4.4.3 United Arab Emirates
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2.4.4.4 Other Countries
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Two-wheeler Connectivity Systems Market Size FAQs
What is the current Two-wheeler Connectivity Systems Market size?
The Two-wheeler Connectivity Systems Market is projected to register a CAGR of greater than 46% during the forecast period (2024-2029)
Who are the key players in Two-wheeler Connectivity Systems Market?
Robert Bosch GmbH , Continental AG , TE Connectivity , Panasonic Corporation and Autotalks LTD are the major companies operating in the Two-wheeler Connectivity Systems Market.
