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The global ATV electronics system market size has the potential to grow by USD 117.07 million during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by geography (APAC, Europe, MEA, North America, and South America) and type (lighting system, advanced electronic systems, audio system, and other electronic systems). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Acewell International Co. Ltd., Amphenol Corp., Continental AG, HELLA GmbH & Co. KGaA, Hirschmann Automotive GmbH, KSR International Co., Monroe Engineering LLC, Novotechnik Messwertaufnehmer OHG, TE Connectivity Ltd., and ZF Friedrichshafen AG.
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The market is fragmented, and the degree of fragmentation will increase during the forecast period. The key players in the market are focusing on various growth strategies, including R&D, the launch of new ATV models, and the expansion of manufacturing facilities to expand the geographical reach and gain significant market shares and revenue. Novotechnik Messwertaufnehmer OHG, TE Connectivity Ltd., and ZF Friedrichshafen AG. are some of the major market participants. Although the accelerating growth momentum will offer immense growth opportunities, the availability of substitutes for ATVs will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this ATV electronics system market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and provides information on the products offered by various companies. Moreover, this ATV electronics system market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading ATV electronics system companies, including:
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North America was the largest market for the ATV electronics system in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing adoption of ATVs in agriculture, high per capita income, and the tendency to spend on recreational activities will significantly influence the growth of the ATV electronics system market in the region.
Almost 64% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets of ATV electronics systems in North America. Market growth in this region will be slower than the growth of the market in APAC and MEA.
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The ATV lighting system segment includes driving lights, spotlights, floodlights, dual-beam lights, trail lights, and backup lights. To enhance visibility, ATV operators prefer beam lights and spotlights. Moreover, the preference for LED lights is higher than the conventional halogen lights because LED lights reduce the power consumption and enhance battery life. Additionally, various campaigns are being undertaken by event organizers to promote the use of ATVs.
However, market growth in this segment will be slower than the growth of the market in advance electronic systems and audio system segments. This report provides an accurate prediction of the contribution of all the segments to the growth of the ATV electronics system market size.
The rising number of recreational and adventure sports activities is driving the demand for off-road vehicles, such as ATVs. The sales of ATVs increases with the growing mountain racing and dirt racing activities and enthusiasts. ATVs can operate in a variety of terrains, such as mud, soft surfaces, hard surfaces, snow, and other types of surfaces. Therefore, these are highly preferred for agriculture, military, and forest applications. Moreover, enhanced broadcasting services for off-road events are driving the demand for ATVs and other off-road vehicles. The growing application areas will significantly influence the ATV electronics system market growth over the forecast period.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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