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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.
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.
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.
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.
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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 type
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
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