Market Forecast By Hardware (Embedded, Tethered), By Communication Type (V2V, V2I), By Network Type (C-V2X, DSRC) And Competitive Landscape
Product Code: ETC4568673 | 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 | Bangladesh Connected Motorcycle Market |
Forecast period | 2025-2031 |
CAGR | 9.5% |
Growing Sector | Private |
Bangladesh Connected Motorcycle Market Report thoroughly covers the market by Hardware, Communication Type and Network Type. The Bangladesh Connected Motorcycle Market Outlook report provides an unbiased and detailed analysis of the ongoing Bangladesh Connected Motorcycle Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
Bangladesh Connected Motorcycle Market is experiencing a burgeoning growth, reflecting the global rise in demand for more intelligent and safer motorcycles. This market segment is characterized by the integration of advanced technologies in motorcycles that offer connectivity solutions, real-time navigation, vehicle management, and enhanced safety features. The increasing awareness among consumers about the benefits of connected features, coupled with the rising trend of smart transportation systems in Bangladesh, is propelling the market forward.
According to 6Wresearch, Bangladesh Connected Motorcycle Market is projected to rise at a CAGR of 9.5% during the period of 2025-2031. One of the major drivers includes increasing demand for affordable transportation options among the young population as there is a rise in cost of living and inadequate public transport system which have made motorcycles a more viable option for daily commuters.
Additionally, the limited infrastructure and urban traffic congestion have fuelled a surge in motorcycle demand as their agility allows riders to navigate heavy traffic, making them a convenient choice for many and in turn fuels the Bangladesh Connected Motorcycle Market Growth. Furthermore, the growing tech-savviness among young adults in Bangladesh has boosted the popularity of connected motorcycles. As smartphones and internet access become more widespread, the demand for motorcycles with advanced connectivity features has surged and which in turn lead to the market growth.
However, there are also some challenges faced by the Bangladesh Connected Motorcycle Industry, such as the lack of proper regulations and guidelines for these advanced motorcycles. As technology continues to evolve, there is a need for clear guidelines to ensure the safety and security of riders. Additionally, there is a limited awareness among consumers about the benefits and features of connected motorcycles which has led to slower adoption rates, hindering the market's growth potential. Furthermore, the high initial cost of connected motorcycles is also a barrier for some consumers as these bikes come with advanced technology and connectivity features and are more expensive than traditional motorcycles, making it difficult for some individuals to afford them.
Some Key Players in the Bangladesh Connected Motorcycle Market include names like Yamaha, Honda, and Bajaj. These companies have a strong presence in the market and offer a diverse range of connected motorcycles and are investing in research and development to improve the features of the connected motorcycles to meet the demand from the consumers.
The government initiatives such as implementation of various policies to support the growth of the connected motorcycle market which contribute to the growth of the market. Additionally, the government also invests in infrastructure development to improve road conditions and reduce traffic congestion which drives the demand for motorcycles as a mode of transportation in Bangladesh and leads to the growth of the market. Furthermore, the government has shown interest in regulating the use of connected motorcycles by introducing guidelines and regulations to ensure the safety and security of riders. This will likely lead to increased consumer confidence in using these advanced vehicles and in turn fuels the market growth.
Bangladesh Connected Motorcycle Market is witnessing significant growth which can be attributed to the increasing demand for affordable transportation options among the young population. Along with this the lack of proper infrastructure and traffic congestion, growing tech-savviness among young adults and the government initiatives such as investment in infrastructure development to improve road conditions and reduce traffic congestion which drives the demand for motorcycles as a mode of transportation in Bangladesh will lead to the growth of the Bangladesh Connected Motorcycle Market in coming years.
According to Ravi Bhandari, Research Head, 6Wresearch, the embedded hardware segment is one of the prominent segments in the industry and will continue to dominate the Bangladesh Connected Motorcycle Market Share in the coming years due to the increasing demand for advanced connectivity features and seamless integration with smartphones, which is provided by embedded hardware.
Based on Communication Type, the V2V (Vehicle-to-Vehicle) segment is expected to grow at steady pace in the coming years due to the increasing adoption of vehicle-to-vehicle communication technology, which allows motorcycles to communicate with each other and exchange information about their surroundings, improving safety on the roads.
Based on Network Type, the C-V2X (Cellular Vehicle-to-Everything) segment is the leading segment due to the use of cellular networks for communication, allowing for a wider range of connectivity options and better data transmission.
The report offers a comprehensive study of the subsequent 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 Bangladesh Connected Motorcycle Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Connected Motorcycle Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Connected Motorcycle Market - Industry Life Cycle |
3.4 Bangladesh Connected Motorcycle Market - Porter's Five Forces |
3.5 Bangladesh Connected Motorcycle Market Revenues & Volume Share, By Hardware, 2021 & 2031F |
3.6 Bangladesh Connected Motorcycle Market Revenues & Volume Share, By Communication Type, 2021 & 2031F |
3.7 Bangladesh Connected Motorcycle Market Revenues & Volume Share, By Network Type, 2021 & 2031F |
4 Bangladesh Connected Motorcycle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Connected Motorcycle Market Trends |
6 Bangladesh Connected Motorcycle Market, By Types |
6.1 Bangladesh Connected Motorcycle Market, By Hardware |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Connected Motorcycle Market Revenues & Volume, By Hardware, 2021 - 2031F |
6.1.3 Bangladesh Connected Motorcycle Market Revenues & Volume, By Embedded, 2021 - 2031F |
6.1.4 Bangladesh Connected Motorcycle Market Revenues & Volume, By Tethered, 2021 - 2031F |
6.2 Bangladesh Connected Motorcycle Market, By Communication Type |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Connected Motorcycle Market Revenues & Volume, By V2V, 2021 - 2031F |
6.2.3 Bangladesh Connected Motorcycle Market Revenues & Volume, By V2I, 2021 - 2031F |
6.3 Bangladesh Connected Motorcycle Market, By Network Type |
6.3.1 Overview and Analysis |
6.3.2 Bangladesh Connected Motorcycle Market Revenues & Volume, By C-V2X, 2021 - 2031F |
6.3.3 Bangladesh Connected Motorcycle Market Revenues & Volume, By DSRC, 2021 - 2031F |
7 Bangladesh Connected Motorcycle Market Import-Export Trade Statistics |
7.1 Bangladesh Connected Motorcycle Market Export to Major Countries |
7.2 Bangladesh Connected Motorcycle Market Imports from Major Countries |
8 Bangladesh Connected Motorcycle Market Key Performance Indicators |
9 Bangladesh Connected Motorcycle Market - Opportunity Assessment |
9.1 Bangladesh Connected Motorcycle Market Opportunity Assessment, By Hardware, 2021 & 2031F |
9.2 Bangladesh Connected Motorcycle Market Opportunity Assessment, By Communication Type, 2021 & 2031F |
9.3 Bangladesh Connected Motorcycle Market Opportunity Assessment, By Network Type, 2021 & 2031F |
10 Bangladesh Connected Motorcycle Market - Competitive Landscape |
10.1 Bangladesh Connected Motorcycle Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Connected Motorcycle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |