Rise in government initiatives for promotion of e-mobility, strict emission norms imposed on fossil-fuel powered commercial vehicles, and reduction of cost of electric vehicle batteries drive
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The Global Connected Trucks Market is anticipated to grow at a CAGR of over 15% during the forecast period, due to the growing demand for vehicle connectivity in logistics and transportation business. Moreover, reduction in vehicle recalls due to vehicle data updates coupled with the increasing demand for infotainment is further escalating the growth of the market. In terms of range, the Dedicated Short Range Communication (DSRC) segment is anticipated to grow at the highest CAGR during the forecast period owing to rising radar and LiDAR based safety systems such as blind spot detection and adaptive cruise control.
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PORTLAND, Ore., Feb. 15, 2021 /PRNewswire/ Allied Market Research published a report, titled, Connected Motorcycle Market
by Connectivity Network (Cellular and Dedicated Short-Range Communication (DSRC)), Connectivity Solution (Integrated, Embedded, and Tethered), Calling Service (Emergency Call (eCall), Breakdown Call (bCall), and Information Call (iCall)), Services (Driver Assistance, Safety, Entertainment, Well-being, Vehicle Management, and Mobility Management) and Type (Sport, Tour, Roadster, Heritage, Adventure, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027. According to the report, the global connected motorcycle industry was estimated at $35.6 million in 2019, and is anticipated to hit $304.1 million by 2027, registering a CAGR of 39.6% from 2020 to 2027.