According to a recent market research report by the IoT analyst firm Berg Insight, the number of active two-wheeler OEM telematics systems is expected to grow at a compound annual growth rate (CAGR) of 37.1%, rising from 11.1 million in 2023 to 53.8 million by 2028. The report centres on motor-powered two-wheelers, including motorcycles, mopeds, and scooters. Currently, only a few of the largest two-wheeler OEMs provide embedded telematics services.
“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 for many years, with primary uses being stolen vehicle tracking and theft prevention. While the penetration rate of embedded OEM telematics solutions is expected to rise, there will still be ample opportunities for aftermarket telematics service providers.
The number of active aftermarket two-wheeler telematics systems is forecasted to grow at a CAGR of 14.7% , from 13.8 million at the end of 2023 to 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,” added Mr Cederqvist.
Despite the industry being in its early stages, some two-wheeler OEMs already offer connected services. 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, among others. “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 large firms have installed bases of hundreds of thousands of telematics devices for various vehicle types, while specialised companies focus solely on telematics solutions for two-wheelers.
Many telematics service providers cater to both OEM and aftermarket segments. Examples of two-wheeler telematics service providers include Mapit IoT and Scorpion Automotive from Europe; SVR Tracking and Find It Now from North America, to name a few. Additionally, there are companies that supply hardware telematics devices for two-wheelers, either focusing on the aftermarket, OEM, or both segments. These include Actia, ERM Advanced Telematics, Jimi (Concox), Panasonic, Positioning Universal, Queclink Wireless Solutions, Teltonika, and Tramigo.
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