Connected Motorcycle Market Report by 2030 - PowerPoint PPT Presentation

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Connected Motorcycle Market Report by 2030

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the surging penetration of sports and luxury bikes in emerging economies, such as India and China, and other nations of Asia-Pacific (APAC) and Latin America, Middle East, and Africa (LAMEA) will result in the progress of the connected motorcycle market during 2020–2030. – PowerPoint PPT presentation

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Title: Connected Motorcycle Market Report by 2030


1
2022
Connected Motorcycle Market Key Reasons For the
Present
2
According to the World Health Organization (WHO),
over 1.35 million deaths are caused due to road
accidents globally. About 93 of these deaths
occur in low-and middle-income countries, even
though they only possess around 60 of the
world's automobiles. Since a large number of
bikers are involved in these accidents, bike
manufacturers are being coerced to integrate
advanced rider-assistance systems to improve
their safety. In an attempt to minimize road
accident cases, motorcycle manufacturers and road
safety authorities are focusing on connected
motorcycles, as these offer enhanced safety
features. Moreover, the surging penetration of
sports and luxury bikes in emerging economies,
such as India and China, and other nations of
Asia-Pacific (APAC) and Latin America, Middle
East, and Africa (LAMEA) will result in the
progress of the connected motorcycle market
during 20202030. The increasing adoption of
these two-wheelers is due to the rising per
capita income and soaring purchasing power of the
people in these regions. Besides, the rising
integration of artificial intelligence (AI) with
the internet of things (IoT) will also amplify
the use of connected motorcycles, as these
technologies offer increased safety and better
strategic management.
3
According to PS Intelligence, the APAC connected
motorcycle market will witness the fastest growth
in the coming years. This can be credited to the
surging integration of connected features in the
sports and luxury motorcycles being sold in the
region. Moreover, the strong presence of
motorcycle manufacturers in China and India,
owing to the abundant raw materials, cheap labor,
constant technological advancements, and relaxed
government regulations, will boost the production
of connected motorcycles. For instance,
10,020,000 motorcycles were sold in India during
Financial Year 20202021, many with connected
features. Thus, the increasing adoption of
sports and luxury bikes and growing concerns
regarding road accidents and fatalities will
boost the integration of connected features in
motorcycles in the coming years.
4
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customers interests at the core while carrying
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the reliability and accuracy of information and
data provided in its market research
publications. However, the information in
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based on primary interviews of officials from
various companies or organizations. PS
Intelligence is not responsible for any incorrect
data provided by the key industry players of the
concerned domain. the information or analysis in
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based on research and should not be interpreted
as statements of fact. Information in this report
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Intelligence does not endorse any product,
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