Market Forecast By Hardware (Embedded, Tethered), By Communication Type (V2V, V2I), By Network Type (C-V2X, DSRC) And Competitive Landscape
Product Code: ETC4568689 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 300 | |
South Africa Connected Motorcycle Market report thoroughly covers the market by Network Type, Hardware, and Communication Type. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The motorcycle industry in South Africa has been steadily growing, with an increase in demand for various types of motorcycles including commuter bikes, cruisers, and sports bikes. The connected motorcycle market in South Africa is experiencing a period of significant growth, driven by advancements in telematics and the increasing penetration of IoT technology. These motorcycles come equipped with smart features such as GPS navigation, real-time tracking, and advanced safety systems like automated collision alerts and emergency call functions.
According to 6Wresearch, South Africa Connected Motorcycle Market size is expected to grow at a significant CAGR of 5.5% during the forecast period 2024-2030. One of the primary drivers for connected motorcycle technology is safety and security. With advanced sensors and telematics systems, connected motorcycles can provide real-time information on road conditions, traffic congestion, and potential hazards. Another driver for the adoption of connected motorcycles is cost savings. These motorcycles can provide real-time data on fuel efficiency, maintenance needs, and potential issues.
This can lead to significant cost savings. Connected motorcycles also offer added convenience and comfort for riders. With features like GPS navigation, music streaming, hands-free calling, and voice control, riders can stay connected while driving. The market expansion is further bolstered by rising consumer demand for enhanced safety and convenience, as well as the increasing popularity of ride-hailing services and shared mobility solutions, contributing to the South Africa Connected Motorcycle Market growth. One of the major challenges for the growth of the connected motorcycle market in South Africa is infrastructure. The country still lags in proper road and communication infrastructure, making it difficult for these motorcycles to fully utilize their capabilities. The cost of these advanced motorcycles is high which is a significant challenge for the market. There is a lack of awareness about connected motorcycle technology among South African riders. Many are still not familiar with the benefits and features these motorcycles offer, making it challenging for companies to market and sell them effectively.
One of the leading players in the connected motorcycle market in South Africa is BMW Motorrad, a subsidiary of the German automotive giant BMW Group. The company offers a range of smart and connected motorcycles with features such as GPS navigation, smartphone connectivity, and emergency call functions. Another major player is Harley-Davidson which has introduced its own version of connected motorcycles with features like voice-activated controls and mobile app integration. KTM AG, a leading Austrian motorcycle manufacturer, also offers connected motorcycles in the South African market with features such as real-time data monitoring and navigation systems.
The South African government has been actively promoting the adoption of connected technology in the automotive industry, including the motorcycle sector. The Department of Trade and Industry (DTI) launched a new incentive program aimed at promoting research and development in advanced manufacturing technologies, including connected vehicles. The program offers financial support to companies investing in these technologies and aims to position South Africa as a leader in this emerging market. Additionally, the government has also introduced regulations and standards for connected vehicles to ensure safety and security for consumers.
South Africa connected motorcycle market share is expected to increase in the coming years. Factors that are driving the market are increasing urbanization, a growing middle class, and rising demand for convenient and efficient transportation. Moreover, advancements in technology and increasing awareness about the benefits of connected motorcycles are also contributing to market growth. The market is expected to witness a shift towards electric and hybrid-connected motorcycles in the future, as consumers become more environmentally conscious.
According to Dhaval, Research Manager, 6Wresearch, the Embedded segment dominates the market. Embedded offers advanced features such as real-time data collection and analysis, automatic emergency response, and remote diagnostics.
Based on the Network Type, the C-V2X segment is the fastest-growing in the market. This enables motorcycles to communicate with other vehicles, infrastructure, and pedestrians through a cellular network. C-V2X offers a range of features such as collision avoidance, emergency braking, and improved navigation, making it a popular choice among consumers.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Africa Connected Motorcycle Market Overview |
3.1 South Africa Country Macro Economic Indicators |
3.2 South Africa Connected Motorcycle Market Revenues & Volume, 2020 & 2030F |
3.3 South Africa Connected Motorcycle Market - Industry Life Cycle |
3.4 South Africa Connected Motorcycle Market - Porter's Five Forces |
3.5 South Africa Connected Motorcycle Market Revenues & Volume Share, By Hardware, 2020 & 2030F |
3.6 South Africa Connected Motorcycle Market Revenues & Volume Share, By Communication Type, 2020 & 2030F |
3.7 South Africa Connected Motorcycle Market Revenues & Volume Share, By Network Type, 2020 & 2030F |
4 South Africa Connected Motorcycle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Africa Connected Motorcycle Market Trends |
6 South Africa Connected Motorcycle Market, By Types |
6.1 South Africa Connected Motorcycle Market, By Hardware |
6.1.1 Overview and Analysis |
6.1.2 South Africa Connected Motorcycle Market Revenues & Volume, By Hardware, 2020 - 2030F |
6.1.3 South Africa Connected Motorcycle Market Revenues & Volume, By Embedded, 2020 - 2030F |
6.1.4 South Africa Connected Motorcycle Market Revenues & Volume, By Tethered, 2020 - 2030F |
6.2 South Africa Connected Motorcycle Market, By Communication Type |
6.2.1 Overview and Analysis |
6.2.2 South Africa Connected Motorcycle Market Revenues & Volume, By V2V, 2020 - 2030F |
6.2.3 South Africa Connected Motorcycle Market Revenues & Volume, By V2I, 2020 - 2030F |
6.3 South Africa Connected Motorcycle Market, By Network Type |
6.3.1 Overview and Analysis |
6.3.2 South Africa Connected Motorcycle Market Revenues & Volume, By C-V2X, 2020 - 2030F |
6.3.3 South Africa Connected Motorcycle Market Revenues & Volume, By DSRC, 2020 - 2030F |
7 South Africa Connected Motorcycle Market Import-Export Trade Statistics |
7.1 South Africa Connected Motorcycle Market Export to Major Countries |
7.2 South Africa Connected Motorcycle Market Imports from Major Countries |
8 South Africa Connected Motorcycle Market Key Performance Indicators |
9 South Africa Connected Motorcycle Market - Opportunity Assessment |
9.1 South Africa Connected Motorcycle Market Opportunity Assessment, By Hardware, 2020 & 2030F |
9.2 South Africa Connected Motorcycle Market Opportunity Assessment, By Communication Type, 2020 & 2030F |
9.3 South Africa Connected Motorcycle Market Opportunity Assessment, By Network Type, 2020 & 2030F |
10 South Africa Connected Motorcycle Market - Competitive Landscape |
10.1 South Africa Connected Motorcycle Market Revenue Share, By Companies, 2023 |
10.2 South Africa Connected Motorcycle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |