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The motorcycle advanced driver assistance system (ADAS) market share is expected to increase by USD 711.4 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.7%.
This motorcycle advanced driver assistance system (ADAS) market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. The motorcycle advanced driver assistance system (ADAS) market report offers information on several market vendors, including Bayerische Motoren Werke AG, Brakes India Pvt. Ltd., BWI Group, Continental AG, Ducati Motor Holding Spa, GUBELLINI s.a.s. di Diego Gubellini and C., Hitachi Ltd., Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Nissin Kogyo Co. Ltd., Piaggio and C. Spa, PIERER Mobility AG, Ride Vision Ltd., Rider Dome, Robert Bosch GmbH, Suzuki Motor Corp., TVS Motor Co. Ltd., Yamaha Motor Co. Ltd., and ZF Friedrichshafen AG among others.
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Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increasing number of road accidents is notably driving the motorcycle advanced driver assistance system (ADAS) market growth, although factors such as dependence of ADAS system on connectivity leading to data security concerns may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the motorcycle advanced driver assistance system (ADAS) industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Motorcycle Advanced Driver Assistance System (ADAS) Market Driver
One of the key drivers fueling the motorcycle advanced driver assistance system (ADAS) market growth is the increasing number of road accidents. Road accidents often result in several injury-related impairments in riders, which could result in disabilities. For instance, a sudden blow to the spinal cord may result in traumatic spinal injuries due to a slipped disk. Moreover, road accidents often result in several chronic health complications that can lead to various forms of disabilities. Therefore, the growing awareness among people about the implications of road accidents is making them more conscious and encouraging them to adopt various protective motorbike riding gear. In view of this, motorcyclists are increasingly preferring ADAS as a safety function in the motorcycle. This, in turn, will drive the motorcycle ADAS market growth during the forecast period.
Key Motorcycle Advanced Driver Assistance System (ADAS) Market Trend
One of the key motorcycle advanced driver assistance system (ADAS) market trends is the introduction of innovative products. For instance, a new technology which is developed by Bosch called the motorcycle-to-car communication system, aids riders by helping the motorcycle to communicate with a car. This technology gives a warning to the car driver about an approaching motorcycle, even when the motorcycle is not in view. It shares parameters like speed, the direction of travel, and position. Likewise, many other companies such as BMW, Continental, and ZF, are working on advanced ADAS solutions and are introducing more innovative safety features for motorcycle ADAS systems. Such introductions of innovative products will propel the motorcycle advanced driver assistance system market growth during the forecast period.
Key Motorcycle Advanced Driver Assistance System (ADAS) Market Challenge
One of the factors challenging the motorcycle advanced driver assistance system (ADAS) market growth is the dependence of ADAS system on connectivity leading to data security concerns. The need for ADAS systems to be linked to the communication system of a vehicle directly to enable complete autonomous driving is leading to the problem of data security. Thus, the use of ADAS requires additional protection to ensure that there is no illegal transfer of data, which could lead to the hacking of vehicle systems. Furthermore, concerns over the safety and security of data and vehicle systems arise among motorcycle riders whenever their motorcycle is connected to any other vehicle or if data sharing is involved. These factors will hinder the motorcycle advanced driver assistance system (ADAS) market growth during the forecast period.
This motorcycle advanced driver assistance system (ADAS) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global motorcycle advance driver assistance system (ADAS) market as a part of the global automotive market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the motorcycle advanced driver assistance system (ADAS) market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the motorcycle advanced driver assistance system (ADAS) market encompasses successful business strategies deployed by the key vendors. The motorcycle advanced driver assistance system (ADAS) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The motorcycle advanced driver assistance system (ADAS) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the motorcycle advanced driver assistance system (ADAS) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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37% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the motorcycle advanced driver assistance system (ADAS) market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The high disposable income and zeal for motorcycle riding will facilitate the motorcycle advanced driver assistance system (ADAS) market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The GDP is likely to witness slow growth during the forecast period due to the ongoing COVID-19 outbreak. However, in 2021, the initiation of large-scale vaccination drives has lifted the lockdown and travel restrictions, which led to the resumption of supply chain activities. This resulted in the increasing demand for motorcycles, which in turn, will increase the demand for the regional motorcycle advanced driver assistance system (ADAS) market during the forecast period.
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The motorcycle advanced driver assistance system (ADAS) market share growth by the ABS segment will be significant during the forecast period. ABS helps in reducing the impact of a collision by reducing the speed of the motorcycle as the sensors help to reduce the speed of identifying an obstacle in front of the motorcycle. Due to this utility of the ABS technology, many countries have made it mandatory for the installation of ABS in all the new motorcycles manufactured in their countries. such factors of ABS technology are anticipated to drive the motorcycle ADAS market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the motorcycle advanced driver assistance system (ADAS) market size and actionable market insights on post COVID-19 impact on each segment.
Motorcycle Advanced Driver Assistance System (ADAS) Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.7% |
Market growth 2022-2026 |
$ 711.4 million |
Market structure |
Fragmented |
YoY growth (%) |
8.1 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 37% |
Key consumer countries |
US, Canada, China, India, and Germany |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Bayerische Motoren Werke AG, Brakes India Pvt. Ltd., BWI Group, Continental AG, Ducati Motor Holding Spa, GUBELLINI s.a.s. di Diego Gubellini and C., Hitachi Ltd., Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Nissin Kogyo Co. Ltd., Piaggio and C. Spa, PIERER Mobility AG, Ride Vision Ltd., Rider Dome, Robert Bosch GmbH, Suzuki Motor Corp., TVS Motor Co. Ltd., Yamaha Motor Co. Ltd., and ZF Friedrichshafen AG |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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