South Korea Smart Connected On Motorcycle Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 8.8% from 2024 to 2030.
The South Korean "Smart Connected On Motorcycle Market" has seen significant growth, driven by the increasing adoption of advanced technologies in the automotive industry. As motorcycles become an integral part of urban mobility, smart connectivity features are revolutionizing the riding experience, offering enhanced safety, convenience, and performance. This trend aligns with a global shift toward smarter transportation, and South Korea is at the forefront of this transformation.
The rise of smart motorcycles is primarily fueled by consumer demand for features such as real-time navigation, crash detection, and integration with mobile applications. In South Korea, the younger generation, who are tech-savvy and environmentally conscious, seeks out these connected vehicles. Motorcycle manufacturers are rapidly incorporating Internet of Things (IoT) devices, GPS tracking, and advanced rider-assistance systems (ADAS) to meet these preferences. According to recent market studies, the South Korean smart motorcycle market is predicted to grow by 15% annually, emphasizing the critical role of smart technology in the future of motorcycling.
Industries involved in the production of smart connected motorcycles are under significant pressure to innovate and deliver cutting-edge features. The automotive sector, tech companies, and telecom operators are collaborating to enhance connectivity, offering products such as onboard sensors, voice-assisted navigation, and emergency alert systems. These innovations are expected to reduce accidents, improve rider experience, and contribute to sustainability by optimizing fuel efficiency through smart algorithms.
Moreover, these smart connected systems require a robust telecommunications infrastructure. The demand for seamless connectivity between riders and cloud-based systems has led to heightened requirements for 5G network deployment. Manufacturers are also facing pressure to ensure compliance with regulatory standards concerning safety, data privacy, and environmental impact. The industry's growing need for advanced solutions is creating opportunities for new players to enter the market, particularly in the software and hardware development sectors.
The expansion of the South Korean Smart Connected On Motorcycle Market reflects broader global trends where technology is transforming not only how people ride but also how the industry operates. The challenge remains to balance innovation with affordability and reliability, ensuring that the next generation of connected motorcycles can be both accessible and safe for all riders.
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Panasonic Corporation
Robert Bosch GmbH
BMW Motorrad
Starcom Systems
Vodafone
Autotalks
Continental AG
KPIT
TE Connectivity
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Smart Connected On Motorcycle Market
Sport Bikes
Cruisers
Touring Bikes
Dual-Sport Bikes
Electric Motorcycles
Telematics Systems
Advanced Driver Assistance Systems (ADAS)
Vehicle-to-Everything (V2X) Communication
Smartphones Connectivity and App Integration
Wearable Technology Integration
Millennials
Generation X
Baby Boomers
Daily Commuting
Recreational Riding
Long-Distance Touring
Off-Roading
Racing
Entry-Level Motorcycles
Mid-Range Motorcycles
Premium Motorcycles
Luxury Motorcycles
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Smart Connected On Motorcycle Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Smart Connected On Motorcycle Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Smart Connected On Motorcycle Market, By Type
6. South Korea Smart Connected On Motorcycle Market, By Application
7. South Korea Smart Connected On Motorcycle Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Smart Connected On Motorcycle Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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