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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
