Connected Motorcycle Market is Projected to Grow $757 Million by 2027, at a CAGR of 54.7%.
The report “ Connected Motorcycle Market by Hardware (Embedded, Tethered), Calling Service, Communication Type (V2V, V2I), Network Type (C-V2X, DSRC), End-User (Private, Commercial), Service, Motorcycle Type, Application, Propulsion & Region – Global Forecast to 2027″ , size is projected to grow from USD 55 million in 2021 to USD 757 million by 2027, at a CAGR of 54.7%. Factors such as rising premium motorcycle sales around the world, growing demand for motorcycle safety and driver assistance along with growing demand for usage-based insurance and infotainment systems in motorcycles will boost the demand for the connected motorcycle market. The upcoming regulations for rider safety in motorcycles in countries around the world will also boost the market. Commercial segment is estimated to account for the largest market during the forecast period Commercial users of connected motorcycles include fleet managers, insurance providers, and other service providers. All t...