Robust Evolution in Technology and Increased Safety Features to Drive the Growth of Global Connected Two Wheeler Market in the Forecast Period
Rising demand for
advanced technology, increasing adoption of connected two wheelers by
e-commerce platforms and rising focus on safety features are driving the Global
Connected Two Wheeler market.
According
to the TechSci Research report, "Connected Two Wheeler Market-Global Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F,"
the Global
Connected Two Wheeler Market is
anticipated to register a rapid CAGR in the upcoming years.
Globally,
the automotive industry is seeing significant technological breakthroughs in
manufacturing methods, design, electronics, and so on. Connected two wheelers
are technologically advanced vehicles outfitted with internet of things (loT)
gadgets and powered by artificial intelligence (Al) that give clients a smooth
internet connection as well as intelligent and smart mobility. These vehicle's
connectivity system manages comfort and safety functions like thermal
management and enhanced lighting, tire pressure monitoring, keyless start, and
emergency call. GPS, safety, and security systems, among others, assist riders
in monitoring critical areas such as bike status, riding statistics, system
upgrades and updates, battery charging, and other warnings. The rider can
operate the device via the dashboard.
Consumer
awareness of the safety features provided by connected two wheelers, as well as
technological advancements in connectivity, are projected to fuel market
demand. Furthermore, rising smartphone and internet adoption are likely to
drive market expansion. Incorporating a 5G connection to power-connected
mobility, on the other hand, is predicted to greatly boost the connected
two-wheeler industry. Furthermore, rapid growth in logistics in the retail and
e-commerce industries will increase demand for Connected two-wheelers. The
global connected two-wheeler market is predicted to expand as the adoption of
connection solutions in automobiles grows and the safety features in connected
two wheelers improve.
Browse
more thanXX market data Figures spread through 110 Pages and an in-depth TOC on "Connected Two Wheeler Market"
The Global Connected Two Wheeler Market
can be segmented based on vehicle type,by propulsion type, based on service type, by connectivity type,
by end-user, by region, and competitional landscape. On the basis of vehicle type,
the market for connected two wheelers is segmented into scooter/moped and
motorcycle. The scooter/Moped segment is leading this market but due to the
growing advancement in technology the motorcycle is also showing a lot of potential.
The market has been primarily divided into three types based on service type
including Driver Assistance, Infotainment and Safety. Turn-by-turn navigation,
calls and texts, and music controls are examples of infotainment services and
due to these factors, the infotainment is leading the market in the service type.
Based on Connectivity the market has been divided into Integrated, Embedded and
Tethered. An electronic control unit, a GSM module, a GLONASS/GPS system, and
other necessary sensors are all part of the embedded connectivity module. Due
to these facilities the embedded system is gaining a lot of market in this
segment. On the basis of end-user the market is segmented into two parts,
including private and commercial. The commercial segment is leading the market
because connected two wheelers are mostly used by the E-commerce platforms and
delivery partners for their 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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