Motorcycle Navigation System Market by End-user and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR71314
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The motorcycle navigation system market share is expected to increase by USD 78.38 million from 2021 to 2025, and the market’s growth momentum will accelerate at a CAGR of 4.53%.

This motorcycle navigation system market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (aftermarket and OEM) and geography (Europe, North America, APAC, MEA, and South America). The motorcycle navigation system market report also offers information on several market vendors, including BMW Group, Garmin Ltd., MiTAC Holdings Corp., Polaris Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., SW-MOTECH GmbH and Co. KG, and TomTom International BV among others.

What will the Motorcycle Navigation System Market Size be in 2021?

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Motorcycle Navigation System Market: Key Drivers and Trends

The distraction of using smartphones while riding is notably driving the motorcycle navigation system market growth, although factors such as the expensive motorcycle navigation system technology 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 navigation system industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • One of the key factors driving growth in the motorcycle navigation system market is the distraction of using smartphones while riding.
  • Smartphones have recently become popular as a navigation device as they are inbuilt with a GPS.
  • Motorcycle riding requires continuous focus and frequently looking at the smartphone screen for directions is bad as it leads to distractions.
  • The distraction of a couple of seconds, while riding, can be dangerous for the rider as well as pedestrians.
  • The drawback is driving the need for devices that navigate through audio by syncing smartphones and a Bluetooth-compatible headset or helmet to provide audible directions to the rider.
  • The growing demand for motorcycle touring is another major factor supporting the motorcycle navigation system market share growth.
  • Improved products and features on heavyweight motorcycles are driving the trend of long-distance touring and the subsequent need for navigation.
  • BMW Group introduced a navigation system that synchronizes with their ConnectedRide platform to deliver the motorcycle's information to the helmet display.
  • Honda's Gold Wing offers Honda Navigation System, which is vibration-resistant, waterproof, and dustproof. It can also transmit audio directions to an in-helmet speaker.

This motorcycle navigation system 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 2021-2025.

Who are the Major Motorcycle Navigation System Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • BMW Group
  • Garmin Ltd.
  • MiTAC Holdings Corp.
  • Polaris Inc.
  • Robert Bosch GmbH
  • Samsung Electronics Co. Ltd.
  • SW-MOTECH GmbH and Co. KG
  • TomTom International BV

 

This statistical study of the motorcycle navigation system market encompasses successful business strategies deployed by the key vendors. The motorcycle navigation system market is concentrated 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 navigation system 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. 

Which are the Key Regions for Motorcycle Navigation System Market?

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47% of the market’s growth will originate from Europe during the forecast period. UK, Germany, Italy, and France are the key markets for motorcycle navigation system market in Europe. Market growth in this region will be faster than the growth of the market in MEA and South American regions.

The high market adoption rate and presence of leading automotive OEMs such as BMW Motorrad will facilitate the motorcycle navigation system market growth in Europe 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.

What are the Revenue-generating End-user Segments in the Motorcycle Navigation System Market?

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The motorcycle navigation system market share growth by the aftermarket segment will be significant during the forecast period. This report provides an accurate prediction of the contribution of all the segments to the growth of the motorcycle navigation system market size and actionable market insights on post COVID-19 impact on each segment.

 

Motorcycle Navigation System Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 4.53%

Market growth 2021-2025

$ 78.38 million

Market structure

Concentrated

YoY growth (%)

2.97

Regional analysis

Europe, North America, APAC, MEA, and South America

Performing market contribution

Europe at 47%

Key consumer countries

US, UK, Germany, Italy, and France

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

BMW Group, Garmin Ltd., MiTAC Holdings Corp., Polaris Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., SW-MOTECH GmbH and Co. KG, and TomTom International BV

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Factors Covered in this Motorcycle Navigation System Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive motorcycle navigation system market growth during the next five years
  • Precise estimation of the motorcycle navigation 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 navigation system industry across Europe, North America, APAC, MEA, and South America
  • 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 navigation system market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by End-user

    • Market segments
    • Comparison by End-user
    • Aftermarket - Market size and forecast 2020-2025
    • OEM - Market size and forecast 2020-2025
    • Market opportunity by End-user

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • APAC - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • BMW Group
      • Garmin Ltd.
      • MiTAC Holdings Corp.
      • Polaris Inc.
      • Robert Bosch GmbH
      • Samsung Electronics Co. Ltd.
      • SW-MOTECH GmbH and Co. KG
      • TomTom International BV

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      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.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The motorcycle navigation system market growth will increase by $78.38 million during 2020-2025.
      The motorcycle navigation system market is expected to grow at a CAGR of 4.53% during 2020-2025.
      Technavio has segmented the motorcycle navigation system market by end user (Aftermarket and OEM) and geographic (Europe, North America, APAC, MEA, and South America).
      BMW Group, Garmin Ltd., MiTAC Holdings Corp., Polaris Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., SW-MOTECH GmbH and Co. KG, TomTom International BV are a few of the key vendors in the motorcycle navigation system market.
      Europe will register the highest growth rate of 46.68% among the other regions. Therefore, the motorcycle navigation system market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the motorcycle navigation system market growth are:
      • Distraction by smartphones while riding is pushing demand for navigation systems
      The motorcycle navigation system market vendors should focus on grabbing business opportunities from the aftermarket segment as it accounted for the largest market share in the base year.
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