Overview of the global motorcycle jacket turn light indicator market
According to Technavio's research analysis on the global motorcycle jacket turn light indicator market, stringent safety regulations in developed and economically strong nations will be one of the major factors that will have a positive impact on this market's growth till 2021. The increasing safety concerns of motorcycle commuters across numerous nations, including Germany, the UK, France, the US, and Australia will lead to the sales of the motorcycle jacket turn light indicators. These countries have high initiatives with respect to safety regulations for the motorcycle riding as the sales of motorcycles in these regions from the performance category is high. Moreover, wide targets have been introduced by authorities for zero fatalities on the road for the motorcycle commuters by 2025. These regulations will draw attention toward enhancing the visibility for motorcycle commuters. Our market research analysts predict that in terms of units, this market will grow at a CAGR of close to 16% by 2021.
The adoption of smart jacket technology is one of the key trends that will contribute to the market growth in the forthcoming years. The smart jacket is designed with a certain level of intelligence to track human body gestures and conditions such as heartbeat, body temperature, movement of body parts, and emergency alert system. Also, this jacket will support a wireless transmitter for connectivity, accelerometer, electric adaptor for transmitting signals to LED, heartbeat monitoring, temperature sensors, and an intelligent circuit board for system integration. These features will raise the demand for optimized technology of motorcycle jacket turn light indicator and lead to the growth of the smart jacket market.
Competitive landscape and key vendors
The motorcycle jacket turn light indicator market is presently driven by innovation as the technology is still in the R&D phase. The vendors selling these products will face the trouble of market standards and authentications for their product. However, these vendors find it easier and profitable to increase their product portfolio with TLI jacket. The industry is likely to grow during the forecast period due to the strong focus on global motorcycle rider safety by improving their visibility.
The leading vendors in the market are ?
The other prominent vendors in the market are Neon Moto and LED Clothing Studio.
Segmentation by type and analysis of the motorcycle jacket turn light indicator market
TLI jacket strap-on
Motorcycle jacket TLI
During 2016, the TLI jacket strap-on type accounted for the major shares of the motorcycle jacket turn light indicator market. Factors such as the option to be worn on apparel or safety jacket and the increasing motorcycle sale will contribute to the growth of this industry segment in the coming years.
Geographical segmentation and analysis of the motorcycle jacket turn light indicator market
This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the motorcycle jacket turn light indicator market throughout the forecast period. The increased adoption of motorcycle jacket turn light indicators and the presence of major motorcycle brands in the region will drive the market growth in the 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 jacket turn light indicator market?
What are the key market trends impacting the growth of the global motorcycle jacket turn light indicator market?
What are the challenges to market growth?
Who are the key vendors in the global motorcycle jacket turn light indicator market?
What are the market opportunities and threats faced by the vendors in the global motorcycle jacket turn light indicator 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 jacket turn light indicator market?
Technavio also offers customization on reports based on specific client requirement.
A motorcycle jacket turn light indicator includes LED lights, wires, batteries as some of the major components. The concept of using LED lights within the jacket will help to get the attention of the driver specifically at night. The jacket fitted with LED indicators consists of LED strips that are attached to battery packs. The upcoming report on the global motorcycle jacket turn light indicator market is an essential component in theautomotiveindustry. Our market research reports for theautomotive electronicssector comprises of an in-depth analysis of a wide range of business assessment parameters such as market size, technological advancements, prominent vendors, and key insights.
To get a comprehensive overview of the market, Technavio uses extensive primary and secondary research comprising of the study of factors such as market size, emerging markets, technological advancements, and growth potential. Using tools such as market size and market growth assessment and vendor assessment across different geographical regions such as the Americas, EMEA, and APAC, the upcoming report on global motorcycle jacket turn light indicator market will help clients in managing the resources across different geographical regions efficiently.
The report on global motorcycle jacket turn light indicator market also presents an overview of the level of competition in the market by covering vendors such as LED Clothing Studio, Ryde Bright, Adaptive Technologies, NeonMoto, and Visivax. The demand for more safety features from the end consumers is expected to drive the demand for motorcycle jacket turn light indicators over the next few years.
The upcoming research report on the global motorcycle jacket turn light indicator market also recognizes key drivers, emerging trends, technological advancements, and opportunities and challenges experienced by the automotive electronics industry. Technavio also provides deep-dive market assessments into the sectors such as automotive services, wheels and tires, and auto accessories.
Our market research methodology for the global motorcycle jacket turn light indicator market
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.