Connected Motorcycle Market Predictions Exhibit Massive Growth by 2027
The report " Connected Motorcycle Market by Service (Driver Assistance, Safety, Vehicle Management & Telematics, Infotainment, Insurance), Network (Cellular, DSRC), Calling Service (eCall, bCall), End User, Communication, Hardware, and Region - Global Forecast to 2027" , is projected to grow from USD 39 million in 2019 to USD 912 million by 2027, at a CAGR of 48.3%. The increasing focus on advanced safety and driver assistance features for motorcyclists would drive the connected motorcycle market. The demand for telematics-based vehicle management services is expected to rise with growing preference for high-performance motorcycles. Embedded hardware is expected to be the largest segment of the connected motorcycle market The embedded hardware segment is expected to be the largest market during the forecast period. The embedded connectivity module comprises a GPS/GLONASS system, a GSM (global system for mobile communication) module, electronic control unit, and othe...