From GlobeNewswire: 2024-05-20 05:00:00

The Global Connected Motorcycle Market is set to grow from USD 97.86 million in 2023 to USD 384.73 million by 2033, with a CAGR of 14.67% driven by IoT integration and increased demand for smart two-wheeler mobility. Metropolitan areas are expected to be major markets, but high upfront costs remain a barrier. Driver assistance technology will dominate the market, while embedded hardware and safety applications like MAI are set to see significant growth. Asia Pacific is projected to lead the market due to increasing two-wheeler sales, while Europe is expected to grow rapidly. Key players in the market include KTM AG, BMW, Kawasaki, and others. In July 2023, BMW Motorrad updated its emergency call system, which will come standard in some 2023 models. The market is segmented by service, hardware, application, and region, with forecasts available until 2033. Other related reports cover topics such as Automotive LiDAR, Automotive Components, Electric Air Taxi, and HD Map for Autonomous Vehicles. Spherical Insights & Consulting offers market research and analysis for industry insights.



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