Enjoy complimentary customisation on priority with our Enterprise License!
Technavio’s market research report predicts that the global motorcycle immobilizer market will grow at a CAGR of nearly 8% through the predicted timeline, ranging from 2017 – 2021. One of the primary drivers of the market’s growth is the rising motorbike security and insurance claims. Based on the statistics from the motorcycle industry association, about 43% of motorcycle insurance claims were thefts in England and Wales in 2012. To counter this, it is anticipated that the insurance companies in the future may consider a claim of a motorcycle theft based on inspection of the immobilizer fitted onto a motorcycle. Moreover, the anti-theft devices will need to have a security and safety approval by organizations such as Thatcham, a safety test approval authority, for the use of immobilizers in motorcycles driving the market’s growth.
One of the latest trends that will gain traction in the global motorcycle immobilizer market is the usage of bike security system using fingerprint GSM and GPS. The biometrics recognition system using GSM and GPS is a safe, dependable, and a cost-effective form of theft alarm system. Moreover, the tentative outcome of biometric recognition shows that it can be a capable way of reducing the theft of motorcycles in the future.
The global motorcycle immobilizer market is at its developing stage with limited suppliers and is facing intense competition among the reputed vendors. The manufacturers in the market mainly offer electronic immobilizers, engine immobilizers, remote keyless entry systems, and transponder-based car immobilizer systems fixed in the cruiser and sports bikes to differentiate their products from competitors.
Key vendors in the market include:
Other prominent vendors include Atmel Corporation, Infineon Technologies, Microchip Technology, NXP Semiconductors, Sandhar Technologies, and Scorpion Automotive.
During 2016, the cruiser bikes segment dominated the application segment and are expected to continue the domination over the next four years. Factors like rising penetration of cruiser bikes and increasing number of manufacturer mergers will drive the growth in developing countries during the forecasted period.
In terms of geography, the Americas dominated the market for motorcycle immobilizers during 2016 and is expected to grow higher over the next four years. The major contributing factor for the region’s growth is the increasing demand for motorcycles and high rate of motorcycle thefts.
Technavio also offers customization on reports based on specific client requirement.
PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by application
PART 07: Geographical segmentation
PART 08: Decision framework
PART 09: Drivers and challenges
PART 10: Market trends
PART 11: Vendor landscape
PART 12: Key vendor analysis
PART 13: Appendix
Tags: engine immobilizer, motorbike security, automotive parts manufacturers, automotive components, automotive industry overview, automotive industry outlook,
Get lifetime access to our
Technavio Insights
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.