The Global Connected Motorcycle Market is expected grow at a compound annual growth rate of 47.7% in the forecast period of 2020 to 2027 and is expected to reach USD 883.30 million by 2027. The rapid rise in the need of safety as well as security features in vehicles is a significant factor driving the market growth rate.
Likewise, the high demand of smartphone integrated digital dashboards as well as rapid increase in government initiatives towards the development of smart cities and intelligent transport system will produce lucrative opportunities for the growth of the connected motorcycle market.
According to Data Bridge Market Research the market for connected motorcycle is expected to gain growth because of the rise in preferences towards premium motorcycles. Also the high demand of superior performance and real time diagnostics and rapid rise in the adoption of cloud services and emergence of 5G networks are also expected to fuel the demand of the connected motorcycle market over the forecast period of 2020 to 2027. Whereas, the unavailability of internet of things enabled infrastructure along with dearth of uniform platform are expected to hinder the growth of the connected motorcycle market in the aforementioned forecast period.
Now the question is which are the other regions that connected motorcycle market is targeting? Data Bridge Market Research has estimated large growth in Asia-Pacific due to better disposable income as well as the high adoption of technological innovations.
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Connected motorcycle market is segmented on the basis of countries into the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
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Key Market Competitors Covered in the Report
Above are the key players covered in the report, to know about more and exhaustive list of connected motorcycle companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-connected-motorcycle-market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Global Connected Motorcycle Market – Industry Trends and Forecast to 2027