Motorcycle Advanced Driver Assistance System Market by Product and Geography - Forecast and Analysis 2020-2024
- Published: Sep 2020
- Pages: 120
- SKU: IRTNTR44971
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The motorcycle advanced driver assistance system market size has the potential to grow by USD 1.34 billion during 2020-2024, and the market’s growth momentum will accelerate during the forecast period.
This report provides a detailed analysis of the market by product (ABS, ACC, TCS, and others) and geography (North America, APAC, Europe, South America, and MEA). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including BMW AG, BWI Group, Continental AG, D. Gubellini and C. Sas, Ducati Motor Holding Spa, Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., KTM AG, Robert Bosch GmbH, and ZF Friedrichshafen AG.
What will the Motorcycle Advanced Driver Assistance System Market Size be in 2020?
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Who are the Major Motorcycle Advanced Driver Assistance System Vendors?
The market is fragmented. The key vendors in the market are focusing on M&A activities to increase their market shares and expand their regional base. BMW AG, BWI Group, and Continental AG are some of the major market participants. Although the Increasing demand for ACC in motorcycles will offer immense growth opportunities, the low acceptability of ADAS among riders will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
To help clients improve their market position, this motorcycle advanced driver assistance system market forecast report provides a detailed analysis of the market leaders and offers information on the competencies and capacities of these companies. The report also covers details on the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this motorcycle advanced driver assistance system market analysis report also provides information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.
This report provides information on the production, sustainability, and prospects of several leading companies, including:
- BMW AG
- BWI Group
- Continental AG
- D. Gubellini and C. Sas
- Ducati Motor Holding Spa
- Honda Motor Co. Ltd.
- Kawasaki Heavy Industries Ltd.
- KTM AG
- Robert Bosch GmbH
- ZF Friedrichshafen AG
What are the Major Product Segments in the Motorcycle Advanced Driver Assistance System Market?
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The incorporation of ABS in motorcycles significantly reduces the chances of accidents as it reduces the speed as soon as the sensors identify an obstacle in front of the motorcycle. Market growth in this segment will be slower than the growth of the market in the ACC and TCS segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the motorcycle advanced driver assistance system market size.
Which are the Key Markets for Motorcycle Advanced Driver Assistance System?
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APAC was the largest motorcycle advanced driver assistance system market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The growing demand for heavyweight motorcycles and the wide presence of aftermarket vendors will significantly drive motorcycle advanced driver assistance system market growth in this region over the forecast period.
47% of the market’s growth will originate from APAC during the forecast period. India and China are the key markets for motorcycle advanced driver assistance systems in APAC. Market growth in this region will be faster than the growth of the market in other regions.
How will Adaptive Headlights in Motorcycles Influence Motorcycle Advanced Driver Assistance System Market Growth?
The increasing demand for adaptive headlights in motorcycles will be one of the critical motorcycle advanced driver assistance system market trends. Adaptive headlight technology developed by BMW Motorrad in partnership with ZKW Group GmbH helps in overcoming the limitations of conventional headlights. This technology uses a servomotor to tilt the headlights according to the rider’s lean-angle that is calculated by a sensor box and relayed to TCS, ABS, and other functions in a motorcycle. This helps in minimizing the risk of riding in the dark as it allows the rider to see around the corner while turning. Although the adoption of adaptive headlight technology is limited, the introduction of aftermarket vendors is expected to boost the popularity of this technology. The demand for adaptive headlights will further increase with the growing focus on enhancing rider safety during night and declining prices of LED technology. This increasing demand for adaptive headlights in motorcycles is expected to positively impact the growth of the motorcycle advanced driver assistance system market.
The increasing demand for ACC in motorcycles will also contribute to the growth of the motorcycle advanced driver assistance system market. The demand for ACC technology in motorcycles is increasing because of its ability to provide a better side view clearance and enhance the performance of the motorcycle. As ACC combines long-range radar with short-range radar, it improves the safety and driving assistance of motorcycles in low visibility and challenging driving conditions. Also, ACC systems integrated with automatic collision avoidance systems reduces the chances of rear-end crashes, increases the average time headways between vehicles, and reduces the number of critical time headways. ACC systems also help in minimizing fuel consumption in the freeways. These benefits of ACC systems will increase its adoption in motorcycles and consequently fuel the growth of the motorcycle ADAS market at a CAGR of almost 6% during the forecast period.
What are the Key Factors Covered in this Motorcycle Advanced Driver Assistance System Market Report?
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will drive motorcycle advanced driver assistance system market growth during the next five years
- Precise estimation of the motorcycle advanced driver assistance system market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the motorcycle advanced driver assistance system industry across North America, APAC, Europe, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of motorcycle advanced driver assistance system vendors
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- Increasing number of road accidents
- Growth in the number of start-ups offering ADAS technology
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