This report provides Transforma Insights’ view on the Aftermarket Micromobility Devices market. The report covers devices or accessories used with all types of Micromobility Vehicles including bicycles, e-bikes, scooters, and e-scooters, to enhance the safety of the vehicle and riding experience of the rider. These include connected helmets, fitness trackers, navigation devices, smart locks, lights, speed and cadence sensors, tyre pressure monitoring systems (TPMS), and stolen vehicle tracking.
Micromobility vehicles are an integral component of urban transportation offering multiple benefits to both leisure users and commuters. As the use of these vehicles has increased so has the demand for accessories that improve users’ journeys. For instance, Micromobility Helmets are beneficial for riders to enhance their visibility on road with the presence of turn lights, and in some cases cameras for recording the ride. Micromobility Lights are another device type that increases riders’ visibility not only in darkness but also during the day. Stolen Micromobility Tracking devices are useful for faster theft detection and locating stolen vehicles.
The report provides a detailed definition of the sector, analysis of market development and profiles of the key vendors in the space. It also provides a summary of the current status of adoption and Transforma Insights’ ten-year forecasts for the market. The forecasts include analysis of the number of IoT connections by geography, the technologies used and revenue.
A full set of forecast data, including country-level forecasts, sector breakdowns and public/private network splits, is available through the IoT Forecast tool.
This section of the report first talks about the general benefits of micromobility vehicles (such as reducing fuel consumption and congestion) and then explains how the increasing deployment of micromobility vehicles has led to the emergence of another market – Aftermarket Micromobility Devices. It then defines what these devices are and discusses their general benefits like increasing safety and efficiency benefits for the users. It then argues that although aftermarket devices are a considerably cheaper alternative to purchasing a new vehicle for users, there are certain challenges (like component incompatibility) that the market faces.
The report then examines the key factors that are influencing the development of the market, including:
This section first discusses the benefits of using navigation devices like guiding riders along the best possible routes and crash detection. It then charts the major barriers in this market, like the low incremental costs associated with smartphones. It also explains how navigation devices are often used by cyclists and adds that since these devices often necessitate distracting glances at maps, the demand for more intuitive navigation solutions, like AR glasses is also gaining prominence. It then provides a few examples of the devices available in this market, including the Velo 2 by Beeline and Garmin Edge 530.
This section of the report deals with the devices that track the fitness of cyclists and adds that the proliferation of generalised fitness trackers and smart watches has resulted in a small opportunity for niche devices for specific activities. It also discusses a couple of devices in this market including the Garmin HRM Pro Plus and Magene Fitness HRM 30.
This section of the report first talks about the increasing tendency of adding connectivity to helmets and then charts the features of smart helmets, like making hands-free calls and listening to directions. It also talks about a few challenges of connected helmets, such as using connected earbuds along with a basic helmet, which helps riders with navigation alerts and taking calls, without purchasing a dedicated device. At last, it discusses a few examples of devices in this market, like the Lumos Ultra and Sena R1.
This section of the report explains how various lights (like front headlights, rear brake lights, and indicators) are being attached to micromobility vehicles owing to their safety benefits, which, in turn, is leading to the introduction of widespread legislation encouraging these lights. For example, the government of Switzerland has mandated the use of daytime running lights on e-bikes since 2022. It further explains how connected lighting is gaining traction in this space and discusses its benefits, like simplified installation and remote customisation. It also argues that gradually, connected lighting solutions will become even more important for OEMs, which will impact aftermarket sales. It then describes a few examples of devices in this market like the Lumos Firefly and Bontrager Flare RT.
This section of the report explains how traditional gears are now getting replaced by electronic shifting systems, which allow more precise and effortless gear changes for cyclists, leading to better performance and less fatigue. It also talks about some of the challenges of smart gears, like their high initial costs. It then talks about a few examples of these devices in the market including Shimano Di2 and Campagnolo Super Record Wireless.
This section first charts the importance of tyre pressure monitoring for riders (like reducing repair and maintenance costs and minimising wear and tear) and then explains the working of these devices. It also describes a few examples of such devices in this market like the SRAM Quarq TyreWiz and Schrader AIRsistant.
This section first talks about the general features and the benefits of using speed sensors (like being linked to a smartwatch of a cyclist, enabling her/him to improve fitness and performance). It then talks about a few example of these devices like the Kurt Kinetic Magnet-less Speed or Cadence Sensor and the Garmin Speed Sensor 2.
It first discusses the usage of micromobility cameras like to record journeys, allowing riders to record incidences. It also talks about one of the restraints of this technology - privacy, which makes it challenging to implement and less appealing to some users. It also provides the details of a few example devices in this market like the Garmin Varia RCT715 and Cycliq Fly 12 Sport.
This subsection of the report first talks about the issue of the theft of micromobility vehicles and then explains how most of the micromobility vehicles now are connected and have advanced features, which safeguard them against theft. For instance, Mobi Lock, uses LoRa technology for smart locks in bicycles. A rider can lock, unlock, and monitor the status of their bicycle in real-time through a mobile application. It then discusses a few examples of such devices in this market like the Linka Leo 2 Pro GPS Smart Bike Lock and I Lock It.
The key vendors section lists some of the main providers of products and services related to the market, such as Shimano, Sena, Lumos, Bosch, Yamaha Motor Corporation, Trek Bicycle Corporation, and Garmin. The report provides profiles of the various vendors including aspects most relevant to this Application Group, such as product offerings, pricing, financial results, and technology.
In the market forecasts section, we provide a summary of the forecasts from the Transforma Insights IoT Forecast Database:
The report charts the growth in the number of Aftermarket Micromobility devices, which will grow from 41 million in 2024 to 111.2 million in 2034.
Transforma Insights forecasts are compiled on a country-by-country basis. This report includes a regional summary, showing splits between Australasia, Greater China, North America, Europe, Japan, Latin America, MENA, Russia & Central Asia, South East Asia, South Korea, India & South Asia, and Sub-Saharan Africa.
Transforma Insights’ IoT forecasts include splits between the various connectivity technologies as follows: 2G, 3G, 4G, 5G mMTC, 5G non-mMTC, LPWA (non-mMTC), Satellite, Short Range, and Other.
This section discusses which technologies will be used in the aftermarket micromobility application group.
This part of the report discusses the market growth in terms of revenue (module revenue, service wrap revenue, and VAC revenue). Transforma Insights estimates that the revenue in the Aftermarket Micromobility Application Group will grow at a CAGR of 17%.
