According to a new market research report from the IoT analyst firm Berg Insight, the number of active bicycle telematics systems in Europe and North America will reach 3.9 million in 2028, up from 1.7 million active units in 2023. The adoption of bicycle telematics systems has picked up speed in recent years. There are both aftermarket and OEM telematics solutions available on the market. The main use case for bicycle telematics systems is stolen vehicle tracking and theft prevention. Bicycle theft is a growing concern and millions of bicycles are stolen every year in Europe and North America. Telematics solutions have proved to be an effective measure for protecting bicycles.

Bicycle OEMs have also introduced services such as predictive maintenance and vehicle diagnostics, crash detection services, over-the-air software updates and connected navigation. Bicycle OEMs can use such services to differentiate their offering as well as improve the user experience. The main application for aftermarket bicycle telematics systems is stolen vehicle tracking and some solutions then also include stolen vehicle recovery services.

Click out to Linkedin to read the rest of the article by Martin Cederqvist – Senior Analyst at Berg Insight