Market Forecast By Hardware (Embedded, Tethered), By Communication Type (V2V, V2I), By Network Type (C-V2X, DSRC) And Competitive Landscape
Product Code: ETC4568679 | Publication Date: Jul 2023 | Updated Date: Jan 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Report Name | Turkey Connected Motorcycle Market |
Forecast period | 2025-2031 |
CAGR | 7.8% |
Growing Sector | Automotive |
The Turkey Connected Motorcycle Market report comprehensively covers the market by Hardware, Communication type and Network 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.
Turkey Connected Motorcycle Market is growing at a rapid pace and is expected to grow more in future. Connected motorcycles, also known as smart motorcycles, are vehicles equipped with advanced connectivity features such as GPS navigation and smartphone integration. These features provide riders with improved safety, convenience and entertainment while on the road.
According to 6Wresearch, the Turkey Connected Motorcycle Market is projected to grow at a CAGR of 7.8% during the forecast period. The growth of the Turkey Connected Motorcycle Market is primarily driven by an increased emphasis on safety and security, technological advancements, and the rising popularity of on-bike connectivity. The country's rapidly expanding automotive sector also contributes to the growth of this market. Additionally, the growing trend of autonomous and smart motorcycles is propelling the market forward. The advancements in technology, increasing disposable income of consumers, and government initiatives promoting the adoption of smart transportation solutions. Furthermore, the rising popularity of motorcycling as a leisure activity is also contributing to the growth of this market. With an increasing number of riders looking for technologically advanced motorcycles, manufacturers are investing heavily in R&D to develop advanced models.
Despite the significant growth potential, there are also challenges that could impede the connected motorcycle market in Turkey. One of the major challenges is the high cost associated with these advanced vehicles, making them less accessible to a large portion of the population. Moreover, concerns over data privacy and security may also hinder consumer adoption of connected motorcycles. Additionally, limited infrastructure for charging electric motorcycles poses a challenge for their widespread adoption.
Key players in the Turkey Connected Motorcycle Market include prominent names like BMW, Honda, Yamaha, KTM, and Harley-Davidson among others. Currently, BMW holds a significant market share in the Turkey Connected Motorcycle Market. However, with the rising demand for connected motorcycle technology, other companies have the opportunity to make substantial gains and enhance their presence.
The Turkish government has been actively promoting the adoption of connected vehicles, including motorcycles, to improve road safety and reduce emissions. Turkey announced a new action plan called Turkey's National Technology Move which aims to accelerate the development and commercialization of advanced technologies in various sectors, including transportation. This is expected to further drive the growth of the connected motorcycle market in Turkey.
The Turkey Connected Motorcycle Market is expected to continue its growth trajectory in the coming years. As the popularity of connected motorcycles continues to rise, the market is expected to witness further advancements and innovations in technology. The integration of artificial intelligence, augmented reality, and blockchain technology is likely to enhance the capabilities of connected vehicles even more. Other factors such as increasing investments from key players and government initiatives towards promoting sustainable transportation are also expected to drive market growth. In addition, the growing trend of shared mobility and ride-sharing services may also create new opportunities for the connected motorcycle market in Turkey.
According to Dhaval, Research Manager, 6Wresearch, the Embedded hardware holds a dominant segment due to its extensive implementation in motorcycle connectivity solutions.
In terms of communication type, the V2V segment is expected to hold the dominant share in the Turkey Connected Motorcycle market, driven by its ability to offer seamless connectivity.
Based on the network type, the C-V2X segment is set to witness significant growth, attributed to the increasing production of motorcycles equipped with integrated connectivity features.
The report offers a comprehensive study of the following 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 Turkey Connected Motorcycle Market Overview |
3.1 Turkey Country Macro Economic Indicators |
3.2 Turkey Connected Motorcycle Market Revenues & Volume, 2021 & 2031F |
3.3 Turkey Connected Motorcycle Market - Industry Life Cycle |
3.4 Turkey Connected Motorcycle Market - Porter's Five Forces |
3.5 Turkey Connected Motorcycle Market Revenues & Volume Share, By Hardware, 2021 & 2031F |
3.6 Turkey Connected Motorcycle Market Revenues & Volume Share, By Communication Type, 2021 & 2031F |
3.7 Turkey Connected Motorcycle Market Revenues & Volume Share, By Network Type, 2021 & 2031F |
4 Turkey Connected Motorcycle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Turkey Connected Motorcycle Market Trends |
6 Turkey Connected Motorcycle Market, By Types |
6.1 Turkey Connected Motorcycle Market, By Hardware |
6.1.1 Overview and Analysis |
6.1.2 Turkey Connected Motorcycle Market Revenues & Volume, By Hardware, 2021 - 2031F |
6.1.3 Turkey Connected Motorcycle Market Revenues & Volume, By Embedded, 2021 - 2031F |
6.1.4 Turkey Connected Motorcycle Market Revenues & Volume, By Tethered, 2021 - 2031F |
6.2 Turkey Connected Motorcycle Market, By Communication Type |
6.2.1 Overview and Analysis |
6.2.2 Turkey Connected Motorcycle Market Revenues & Volume, By V2V, 2021 - 2031F |
6.2.3 Turkey Connected Motorcycle Market Revenues & Volume, By V2I, 2021 - 2031F |
6.3 Turkey Connected Motorcycle Market, By Network Type |
6.3.1 Overview and Analysis |
6.3.2 Turkey Connected Motorcycle Market Revenues & Volume, By C-V2X, 2021 - 2031F |
6.3.3 Turkey Connected Motorcycle Market Revenues & Volume, By DSRC, 2021 - 2031F |
7 Turkey Connected Motorcycle Market Import-Export Trade Statistics |
7.1 Turkey Connected Motorcycle Market Export to Major Countries |
7.2 Turkey Connected Motorcycle Market Imports from Major Countries |
8 Turkey Connected Motorcycle Market Key Performance Indicators |
9 Turkey Connected Motorcycle Market - Opportunity Assessment |
9.1 Turkey Connected Motorcycle Market Opportunity Assessment, By Hardware, 2021 & 2031F |
9.2 Turkey Connected Motorcycle Market Opportunity Assessment, By Communication Type, 2021 & 2031F |
9.3 Turkey Connected Motorcycle Market Opportunity Assessment, By Network Type, 2021 & 2031F |
10 Turkey Connected Motorcycle Market - Competitive Landscape |
10.1 Turkey Connected Motorcycle Market Revenue Share, By Companies, 2024 |
10.2 Turkey Connected Motorcycle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |