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Growth Opportunities in Connectivity Technology in the Two-wheeler Market, 2024 2028
Growth Opportunities in Connectivity Technology in the Two-wheeler Market, 2024 2028
Two-wheelers' Multiple Applications and Electrification Policies Will Create Growth Opportunities for Revenue-driven Business Models Using Connectivity Technology in Two-wheelers
02-Aug-2024
Global
Market Research
Description
This Frost & Sullivan analysis of two-wheeler (2W) connectivity provides insights into the technological development and innovations that will transform the 2W industry. It outlines future growth opportunities in major connected technology areas, such as connected services, advanced rider assistance systems, shared mobility services, and electric 2W (E2W) strategies. Frost & Sullivan has elaborated forecast scenarios based on several factors that are likely to accelerate the adoption of 2W connectivity technology. The geographic coverage includes leading 2W markets in Asia, Europe, North America, and Latin America.
Two-wheeler connectivity technologies allow a vehicle to communicate with other devices using embedded, tethered, and Bluetooth communication technologies. Tethered connectivity technology relies on the rider’s smartphone to enable the 2W’s connectivity features, for which the smartphone’s Bluetooth or WiFi connection pairs the smartphone application with the 2W dashboard. The system is relatively inexpensive but offers limited functionality. In contrast, embedded connectivity technology relies on the 2W’s telematics control unit (TCU) to enable 2W’s connectivity features 24/7. A TCU’s embedded subscriber identity module (eSIM) establishes a cellular connection, offering seamless and independent connectivity functions. This technology enables many connectivity functions.
The penetration rate of connected E2Ws and internal combustion engine (ICE) 2Ws will grow at a compound annual growth rate (CAGR) of 39% and 43.3%, respectively, between 2023 and 2028. By 2028, connectivity technology’s penetration rate will reach 80% in E2Ws and 60% in ICE 2Ws. While tethered connectivity technology is predominant in ICE 2Ws, software-centric E2W platforms feature embedded connectivity technology. Regarding the industry’s structure, start-ups dominate the 2W market, and the entry of traditional OEMs in the next 2 to 3 years will accelerate E2W markets and drive connectivity technology adoption. Embedded connectivity, V2X, and IoT are important areas that will undergo rapid advancements in 2Ws in the next 3 to 5 years.
Author: Deepan Chinnaswamy
Table of Contents
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on Connectivity Technology in the Two-wheeler Industry
Scope of Analysis
Segmentation by 2W Type
Segmentation by 2W Connectivity Technology
Key OEM Competitors by Region
Segmentation by Region
Competitive Environment
Key Competitors by Major Components
Connected Technology in 2Ws—Key Findings
Tethered and Embedded Connectivity
Select Players in the Connected Two-wheelers Ecosystem
Connectivity Type Adoption by Select OEMs—Overview
Cybersecurity in 2Ws
Evolution of 2W Connectivity
Tethered and Embedded Connectivity in 2Ws
Distribution Channels
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Considerations
Connected Technology Adoption in ICE 2Ws—Global
Connected Technology Adoption in ICE 2Ws—Asia
Connected Technology Adoption in ICE 2Ws—Europe
Connected Technology Adoption in ICE 2Ws—North America
Connected Technology Adoption in ICE 2Ws—Latin America
Connected Technology Adoption in E2Ws—Global
Connected Technology Adoption in E2Ws—Asia
Connected Technology Adoption in E2Ws—Europe
Connected Technology Adoption in E2Ws—North America
Connected Technology Adoption in E2Ws—Latin America
Forecast Analysis
Connected 2W Ecosystem
Key OEM and Supplier Partnerships
Connected 2W Technology Landscape
Competitive Environment
Connected Motorcycle Consortium (CMC)
C-ITS Roadmap
2W HMI Characteristics
Connected 2W Value Chain
Top 10 Connectivity Features in E2Ws
Top 10 Connectivity Features in ICE 2Ws
Key Trends Defining the Future of Connected 2Ws
2W Connectivity Hardware Roadmap
ICE 2W OEM Smartphone App Landscape
ICE 2W OEM Smartphone App Landscape (continued)
E2W OEM Smartphone App Landscape
E2W OEM Smartphone App Landscape (continued)
Connectivity Transformations in Motorcycles 2022–Q12024
Connected Motorcycles—Market Development
Key Trends in the Global 2W Industry
Top Trends Driving 2W Connectivity
1. Electrification
2. Smartphone App Integration
3. Data Analytics
4. OTA Updates
5. Cybersecurity
6. V2X
7. AI-powered Assistants
8. Cloud Connectivity
9. IoT Integration
10. Consortiums
Honda—OEM Feature Strategy
Honda—Roadmap
BMW Motorrad—OEM Feature Strategy
BMW Motorrad—Roadmap
Harley-Davidson—OEM Feature Strategy
Harley-Davidson—Roadmap
LiveWire—OEM Feature Strategy
LiveWire—Roadmap
Ather Energy—OEM Feature Strategy
Ather Energy—Roadmap
Niu Technologies—OEM Feature Strategy
Niu Technologies—Roadmap
Growth Opportunity 1—Growing Demand for Electric Two-wheelers
Growth Opportunity 1—Growing Demand for Electric Two-wheelers (continued)
Growth Opportunity 2—Ride-sharing and Last-mile Delivery Services
Growth Opportunity 2—Ride-sharing and Last-mile Delivery Services (continued)
Growth Opportunity 3—Enhanced Rider Safety and Security Systems
Growth Opportunity 3—Enhanced Rider Safety and Security Systems (continued)
Best Practices Recognition
Frost Radar
Benefits and Impacts of Growth Opportunities
Next Steps
List of Exhibits
Legal Disclaimer
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Popular Topics
| Deliverable Type | Market Research |
|---|---|
| Author | Deepan Chinnaswamy |
| Industries | Automotive |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Two-Wheeler Connectivity Technologies |
| Keyword 2 | Connected Two-Wheeler Market |
| Keyword 3 | Connectivity Technology |
| Podcast | No |
| WIP Number | MH56-01-00-00-00 |