Connected Motorcycle Market - Growth, Trends, and Forecast (2020 - 2025)
|出版商||Mordor Intelligence Pvt Ltd||商品編碼||938167|
|出版日期||內容資訊||英文 90 Pages
|連網型摩托車市場-成長，趨勢，預測(2020年∼2025年) Connected Motorcycle Market - Growth, Trends, and Forecast (2020 - 2025)|
|出版日期: 2020年05月01日||內容資訊: 英文 90 Pages||
The Connected Motorcycles Market anticipated to register a CAGR of over 40 %, during the forecast period (2020 - 2025).
Driver Assistance system is Expected to be the Market Leader
The rising number of vehicles on road are one of the reasons for increasing road accidents. This has generated demand for warn and alert systems to notify the riders regarding the increasing speed or any other malfunctioning in the vehicle which can be a possible reason for accident. ADAS System in motorcycles include adaptive cruise control, forward collision warning, traffic sign recognition, brake active system, and Lane departure warning. The inclusion of ADAS system to motorcycles will provide more safety and traction control for the vehicle which will enhance the driving experience of the rider. The adaptive cruise control system will have huge potential because of its capability to adjust the speed according to the surrounding environment. This system will help in avoiding speed limits violations, increase in fuel efficiency.
Major players are forming strategic partnership to improve the driver assist system to gain advantage over rivals.
Asia-Pacific is Expected to be the Market Leader During the Forecast Period
The Asia-Pacific connected motorcycles market is estimated to grow at the highest CAGR during the forecast period. The growth of the Asia-Pacific region is due to increased urbanization and vehicle sales in the region in the last two decades. According to SIAM, the two-wheeler sales in India grew with a rate of around 7% during the 2015-19 periodThe demand for motorcycle in the region is on the rise, in year 2019-19, India which is the world's largest market for motorcycles, reached a production volume of 24.5 million units, 5.8% up from the previous year, and sales volumes of 21.18 million units, up 4.9%. The ASEAN countries which include south Asian nations like Thailand, Malaysia, Indonesia, Singapore, represents the 22.4% of the global two-wheeler market and in the 2019 consolidated the position with sales up 5.3%, at the second highest level ever of 13.75 million units. Indonesia, the largest country in the region and the third in the World, reported 6.5 million sales, up 1.3% from the previous year. The motorcycles are developing in the region with a very rapid pace people are opting for motorcycles with added features and OEMs in the region are also providing features to attract more demand. Earlier, motorcycles were used to commute from one place to another but now there is a demand for riding bikes, people are going on long road trips with their bikes, so they require more safety and advanced features which can help them during the trip. For instance, the motorcycle manufacturer Royal Enfield, in India, organises a trip to Leh-Ladakh, riders from different parts of the country join together on their Royal Enfield and travel.
In April 2018, Ducati has announced that they will be offering advanced rider assistance system for motorcycles by the end of 2020.
Major players such as Yamaha, Suzuki, Kawasaki etc. in the region are spending heavily to improve the connectivity between the automobiles. For instance, in January 2018, Panasonic starts mass production of telematics control unit, a new product jointly developed with Ficosa. Panasonic has developed the TCU, which integrates Ficosa's automotive antenna technology and Panasonic's wireless communication technology, and a cloud server that interfaces with the TCU. This TCU has been applied to Honda vehicles in Thailand as accessary parts since the beginning of January 2018.
The Connected motorcycles market is highly fragmented, with several players accounting for significant amounts of shares in the market. Some of the prominent companies in the connected motorcycles market are Continental AG, TE Connectivity, Panasonic Corporation, Aeris and others. The major players are investing heavily in R&D of products and incorporation of new technologies.