Global Motorcycle Inertial Measurement Unit Sensor Market 2017-2021

Overview of the global motorcycle inertial measurement unit (IMU) sensor market

Market research analysts at Technavio predict that the global motorcycle inertial measurement unit (IMU) sensor market will grow steadily at a CAGR of more than 11% by 2021. The advancements in IMU manufacturing technologies is identified as one of the primary growth factors for this market. Modern IMUs are equipped with sensor-fusion software and are used in applications such as automatic screen rotation, gesture recognition, step-counting, personal navigation, and free-fall detection. Data integration in the IMUs from multiple sensors eliminates several deficits of individual sensors when calculating the accurate position and the orientation of information. Vendors are also able to achieve low production costs, which has resulted in the availability of certain combo sensors at lower costs than discrete sensors. The unit shipments of motorcycle IMU sensors are projected to overtake discrete sensors by the end of the forecast period. The increase in R&D investments results in the development of advanced versions of IMUs, efficient gyroscopes, and accelerators, which will drive the market’s growth.

The adoption of micro-electro-mechanical system (MEMS) technologies in the motorcycle sensors is one of the key trends that will contribute to the growth of this market in the  coming years. The unique selling proposition of navigation sensors in the MEMS (MEMS IMUs) is their small size, low cost, and light weight. Continuous developments in MEMS sensors are expected to give rise to sensors that are small, economical, and reliable.  Moreover, the augmented MEMS IMUs are preferred by the defense sector for smart munitions, missile and aircraft autopilots, fire control systems, radar antenna motion compensation, and tactical missile guidance systems. The MEMS IMUs that are developed for the motorcycle industry are likely to become standard and provide the same degree of reliability as their defense counterparts.

Competitive landscape and key vendors  

The motorcycle IMU sensor market consists of only two key vendors that supply IMU sensors to almost all motorcycle manufacturers. Other vendors in the market are also into the production of IMU sensors for automotive applications such as passenger cars. These vendors have a huge potential to enter the motorcycle IMU sensor market due to their vast experience. There is also the presence of other vendors who manufacturer IMU sensors for automotive and other industrial applications.

The leading vendors in the market are -

• Bosch Sensortec
• Continental

Segmentation by vehicle type and analysis of the motorcycle IMU sensor market

• Super-sport motorcycles
• Other heavyweight motorcycles

During 2016, the super-sport motorcycles segment accounted for the major shares of the motorcycle IMU sensor market. Factors such as the increasing number of racing events and the high adoption of sports motorcycles across the world, will contribute to the growth of this industry segment in the coming years.

Geographical segmentation and analysis of the motorcycle IMU sensor market

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the motorcycle IMU sensor market throughout the forecast period. The fast adoption of advanced automotive technologies and the rising demand for heavyweight motorcycles such as cruisers, adventure tourer motorcycles, and super-sport motorcycles, will drive the demand for IMU sensors in this region.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global motorcycle inertial measurement unit (IMU) sensor market?
• What are the key market trends impacting the growth of the global motorcycle inertial measurement unit (IMU) sensor market?
• What are the challenges to market growth?
• Who are the key vendors in the global motorcycle inertial measurement unit (IMU) sensor market?
• What are the market opportunities and threats faced by the vendors in the global motorcycle inertial measurement unit (IMU) sensor market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global motorcycle inertial measurement unit (IMU) sensor market?

Technavio also offers customization on reports based on specific client requirement.

An inertial measurement unit is a device that uses combinations of accelerometers and gyroscopes to measure and report a body’s specific force, surrounding magnetic field, and angular rate. This upcoming market research report on the global motorcycle inertial measurement unit sensor market is an essential part of Technavio’s automotive industry and offers insights into important segments like the automotive electronics sector. This upcoming market research report on the global motorcycle inertial measurement unit sensor market also covers vendors like Continental Automotive, Honeywell International Inc., LORD Sensing Systems, Murata Manufacturing, Bosch Sensortec, and Texas Instruments.

Market research analysts at Technavio conduct an extensive primary and secondary research to develop holistic market solutions by considering factors such as market drivers, key vendors, and growth potential of the market. This market study offers a complete analysis of the automotive electronics sector by gathering information from research journals, expert opinions, and consumer survey.

This market research report on the global motorcycle inertial measurement unit sensor market also takes into account the growth of related markets like the global motorcycle advanced driver assistance system (ADAS) market and global automotive engine actuators market, which are anticipated to grow at a CAGR of nearly 27% and 8%, respectively, by 2021. In the current digital age, navigation is proving to be a very essential factor. Research analyst at Technavio suggests that the need for better navigation techniques might lead to a rise in the demand for inertial measurement unit sensors over the next few years. This report on the global motorcycle inertial measurement unit sensor market also covers geographies like the APAC, EMEA, and the Americas.

The upcoming research report on the global motorcycle inertial measurement unit sensor market also covers key business intelligence areas such as key drivers, emerging trends, growth potential, and opportunities and challenges faced by the industry in the automotive electronics market. Apart from thi, it also covers related sectors of the automotive electronics industry like automotive services, automotive components, and auto accessories.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.