Expect rapid adoption of embedded two-wheeler OEM telematics systems: Berg Insight

Gothenburg, Sweden (June 21, 2024) – According to a new market research report from the IoT analyst firm Berg Insight, the number of active two-wheeler OEM telematics systems will grow at a CAGR of 37.1 percent from 11.1 million in 2023 to reach 53.8 million in 2028. The report focuses on motor-powered two-wheelers including motorcycles, mopeds and scooters. Only some of the largest two-wheeler OEMs offer embedded telematics services today.

“Most major motorcycle OEMs have started to consider including embedded telematics systems. Important drivers for telematics adoption include safety and security services such as emergency and roadside assistance services and stolen vehicle tracking solutions. The increasing uptake of electric two-wheelers is also a major catalyst for adoption”, said Martin Cederqvist, Senior Analyst at Berg Insight.

Aftermarket telematics solutions have been available on the market for many years already. The main aftermarket telematics use cases are stolen vehicle tracking and theft prevention. The penetration rate of embedded OEM telematics solutions will increase in the coming years, but there will still be plenty of opportunities for aftermarket telematics service providers. The number of aftermarket two-wheeler telematics systems in active use is forecasted to grow at a CAGR of 14.7 percent from 13.8 million at the end of 2023 to reach 27.4 million in 2028. “The Asia-Pacific region accounts for the largest number of active aftermarket telematics systems followed by RoW including regions such as Africa, the Middle East and Latin America”, said Mr Cederqvist.

Even though the industry is in an early stage, some two-wheeler OEMs offer connected services today.  Examples include BMW Motorrad in Europe, LiveWire and Zero Motorcycles in the US, Hero MotoCorp, TVS Motor, Bajaj Auto (Chetak) and Royal Enfield in India as well as Yadea, NIU Technologies, Segway-Ninebot and Sunra in China. “BMW Motorrad has been the pioneer in terms of telematics adoption. The company has offered emergency call telematics services in Europe since 2017. The emergency call telematics services were further expanded to BMW Motorrad vehicles in North America in 2023”, continued Mr Cederqvist.

The two-wheeler aftermarket telematics market is served by a wide range of companies. Some are large companies that have installed bases of hundreds of thousands of telematics devices for various vehicle types. There are also specialised companies that solely focus on telematics solutions for two-wheelers. Many telematics service providers offer solutions both for the OEM and the aftermarket segment. Examples of two-wheeler telematics service providers include Mapit IoT and Scorpion Automotive from Europe; SVR Tracking and Find it Now from North America; Carsystem and Lojack Argentina (Strix) from South America; Ajjas, Fleettrack, iTriangle Infotech, Onelap Telematics and Trak N Tell from India; WanWayTech from China as well as Tracker Connect from South Africa. There are also a range of companies that provide hardware telematics devices for two-wheelers. These companies either focus on the aftermarket, OEM or both segments. Examples of such companies include Actia, ERM Advanced Telematics, Jimi (Concox), Panasonic, Positioning Universal, Queclink Wireless Solutions, Teltonika and Tramigo.

The Motor-Powered Two-Wheeler Telematics Market

What are the latest trends on the connected motorcycle, scooter and moped market worldwide? At the end of 2023, an estimated 11.1 million active motor-powered two-wheeler OEM telematics systems and 13.8 million aftermarket telematics systems were in use globally. The addressable market is large as there were about 778 million registered motorcycles, scooters and mopeds at the end of 2022. Get up to date with the latest industry trends in this new 75-page market report, The Motor-Powered Two-Wheeler Telematics Market – 1st Edition.

Highlights from this report:

• Insights from numerous interviews with market leading companies.
• New data on two-wheeler populations and new registrations worldwide.
• Descriptions of two-wheeler telematics systems and associated concepts.
• Case studies of 23 two-wheeler OEM telematics offerings.
• Detailed profiles of 29 two-wheeler telematics service providers.
• In-depth analysis of market trends and key developments.
• Market forecasts by region and segment lasting until 2028.

This report answers the following questions:

• What is the current status of the two-wheeler OEM telematics industry?
• Which are the key two-wheeler telematics applications?
• What telematics offerings are available from the leading two-wheeler OEMs today?
• What business models are used by two-wheeler OEMs?
• What types of aftermarket telematics products are offered on the market?
• What are the future applications for two-wheeler telematics?
• Which are the key future trends in this industry?
• How will the market evolve in Europe, North America, Asia-Pacific and RoW?

Access the Report

• The Motor-Powered Two-Wheeler Telematics Market – 1st Edition.

About Berg Insight

Berg Insight is a dedicated IoT market research firm based in Sweden. We have been specialising in all major IoT verticals such as fleet management, car telematics, smart metering, smart homes, mHealth and industrial M2M since 2004. Our vision is to be the most valuable source of intelligence for our customers. Berg Insight offers numerous market reports, detailed market forecast databases and advisory services. We provide custom research tailored to your requirements including focussed research papers, business case analysis, go-to-market strategies and bespoke market forecasting. We have provided analytical services to 1,400 clients in 72 countries on six continents to date. Our customers range from many of the world’s largest mobile operators, IT companies and telecom vendors, to venture capitalists, technology start-ups and specialist consultants. For more information, please visit www.berginsight.com.

Source: Berg Insight