The two-wheeler connectivity systems industry is expected to reach USD 1278.96 million by 2027 while registering a CAGR of above 46% during 2022-2027.
- The connected motorcycle is the latest technology integrated into motorcycles to offer intelligent and smart two-wheeler mobility.
- The rising customer demand for driver assistance and safety features for a safe and comfortable riding experience is expected to drive the market demand.
Read our related report on the Automotive connector market
Premium Players in the Two-Wheeler Market Space
- In February 2022, Bosch India announced that it is working on low-cost ADAS Tech. The focus is on two- and three-wheelers since they are light and well-suited for electric mobility.
- In December 2021, Harley-Davidson Inc. announced that it would create a separate listing for its LiveWire electric motorcycle unit by merging the business with special purpose acquisition company AEA-Bridges Impact Corp. It also unveiled The Harley Davidson LiveWire electric motorcycle, developed in collaboration with Panasonic Automotive.
- In September 2021, Autotalks announced the first-ever global V2X solution launch. Autotalks’ deployment-ready 2nd generation V2X (Vehicle to Everything) chipset is the only available solution capable of supporting both DSRC and C-V2X direct communications (PC5 protocol) at the highest security level. The chipset supports DSRC based on 802.11p/ITS-G5 standards and C-V2X based on 3GPP specifications.
Also, read our related report on the Automotive battery management systems market
Future Trends in the Two–Wheeler Market
- The battery swapping technology is expected to grow at a significant rate. For instance, in April 2021, Hero MotoCorp of India announced their future electric two-wheelers would be based on battery swapping technology. They have collaborated with Gogoro for the battery swapping technology. Yamaha Motors also announced the launch of the EC-05 electric scooter, which has battery swapping and uses Gogoro’s technology.
- In the future, the trend of usage-based insurance policies is expected to rise. American Family Insurance company provides customers with a discount of 10%-20% when they sign up with a usage-based insurance policy. The company uses only a mobile app to determine rider driving behavior.
- As a cost-effective measure, manufacturers such as Honda and Suzuki launched new motorcycles with connectivity features. The bike does not have a large TFT HMI (human-machine interface). Instead, it has a small backlit screen that can show navigation (front and sideways arrow). The two-wheelers also use Bluetooth technology and display the required information on a mobile phone. This innovation has led to the introduction of connectivity features at a lower price. This trend is expected to be seen in the future as well.