Two-wheeler Connectivity Systems Market – Growth, Trends, And Forecast (2020 – 2025)
Two-wheeler Connectivity Systems market has been thoroughly scrutinized and then carefully demarcated by geographic locations which are based on major economic regions and their topographical regions. Growing competition and the changing market dynamics has been highlighted. Aggressive market players are profiled with attributes of company overview, financial overview, business strategies, product portfolio and recent developments. The Market share and Market size prominent players for 2020 to 2025 are profiled in this report.
The Two-wheeler Connectivity Systems market is highly competitive and consists of a number of major players: Robert Bosch GmbH, Continental AG, Starcom Systems LTD, BMW Group, TE Connectivity, KPIT Technologies Limited, Autotalks LTD, Panasonic Corporation, Aeris Communications, Fabricacion Componentes Motocicletas S.A
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Scope of the Report
The Two-Wheeler Connectivity Systems Market is anticipated to register a CAGR of above 5% during the forecast period (2020 -2025). Smart, connectivity systems assist the commuter with a better ride and enhanced safety features. With connected system solutions, riders will have access to digital information and entertainment while riding their two-wheelers.
Key Market Trends
Sale of Electric Two-Wheelers Poised to Boost Market Growth
Electric motorcycles and scooters are driving the market of the two-wheeler connected system market. Although Electric two-wheelers are in their initial phase now every conventional OEM is launching their electric models and new startups are marking their presence into this market. New electric motorcycles come with the latest technology for better connectivity and safety of the rider.
For instance, at CES 2020 Damon Motorcycles launched the Hypersport. It is an electric superbike that comes equipped with Damons CoPilot advanced warning system by BlackBerry QNX technology. In 2019, Zero Motorcycles launched the SR/F, an IoT based connected electric motorcycle. It comes with Cypher III, a customizable dashboard and Zeros next-generation app which allows rider and motorcycle to share critical information such as bike status, alerts, charging, ride data sharing, and system upgrades and updates.
Governments are also pushing hard to promote and provide more fuel to the growth of electric two-wheelers. For instance, in 2019, the Indian government has announced that all two-wheelers less than 150 cc produced in India after March 31, 2025, should be electric.
European Region Expected to Lead the Market
Europe is anticipated to hold the major share in the two-wheeler connectivity systems market over the forecast period. Motorcycles registrations in the European Union increased by 8% in 2019. Also, the sales figure for the electric segment has seen a double-digit growth of 46.7% compared to 2018.
Germany, France, Italy are witnessing an increasing number of startups as well as established conventional motorcycle manufacturers launching new two-wheeler connectivity systems in the market. For instance,
Boschs rider assistance systems provide adaptive cruise control, forward collision systems, and blind-spot detection. Bosch claims that these systems can prevent one in seven accidents. This technology of Bosch will be adopted in bikes from Ducati and KTM. Along with that Bosch is also developing connectivity systems that will alert two-wheeler on the network about the speed and position of other vehicles. This system would be very useful during low visibility situations, and blind corners. In case of an accident, an emergency call feature will automatically notify emergency services with GPS coordinates of the bike.
Audi and Ducati jointly showcased the demonstration of C-V2X technology, in this demonstration is the part of Ducati 2025 roadmap. The technology performs intersection collision warning, cross-traffic turn collision risk warning, and warning in case of sudden braking of the front vehicle.
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What are the market factors that are explained in the report?
–Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
–Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
–Analytical Tools: Two-wheeler Connectivity Systems Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, feasibility study, and investment return analysis have been used to analyzed the growth of the key players operating in the market.
The research includes historic data from 2015 to 2020 and forecasts until 2025 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.
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