Market Trends of Two-wheeler Connectivity Systems Industry
Sale of Electric Two-wheelers Poised to Boost Market Growth
- The demand for electric motorcycles is growing around the world. As technological advancements in electric motorcycles are increasing, and the market is witnessing the entry of new players, demand will continue to grow over the years to come.
- Concerns over emissions, increasing consumer awareness, and increasing investments by government authorities to develop electric vehicle charging infrastructure are expected to propel the demand for electric motorcycles.
- With the growing demand for electric motorcycles, many new players have gained a significant market share over the past few years, and existing conventional motorcycle manufacturers are also trying to enter this market. For instance,
- Zero's current product portfolio includes FX, a small on- and off-road capable 'dual-sport' motorcycle starting at USD 9,300, and the SR/S sports bike starting at USD 20,000. The SR/S bike can reach 124 miles per hour and has a range of about 200 miles when equipped with an enhanced battery. Zero offers its motorcycles an app that lets users modify the bikes' various performance parameters, like maximum speed, power, torque, and regenerative braking.
- India is one of the major two-wheeler markets in the world. For the past few years, the country has attracted various global players and several new startups into the market with the launch of new electric motorcycles. Moreover, this trend will continue as many new players have announced new product launches.
- Such factors are likely to drive the demand over the coming years.
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Europe Expected to Lead the Market
- Europe is anticipated to hold the major share in the two-wheeler connectivity systems market over the forecast period. A total of 950,400 motorcycles were registered in the main European markets in 2022, compared to 949,480 units in 2021.
- Germany, France, and Italy are witnessing an increasing number of startups and established conventional motorcycle manufacturers launching new two-wheeler connectivity systems in the market. For instance,
- Bosch's 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 ranging from Ducati and KTM. Bosch is also developing connectivity systems that will alert two-wheelers 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 the GPS coordinates of the bike.
- Audi and Ducati jointly showcased C-V2X technology as part of the Ducati 2025 roadmap. The technology performs intersection collision warnings, cross-traffic turn collision risk warnings, and warning in case of sudden braking of the vehicle ahead.
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