Motorcycle Navigation System Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

Published: Oct 2021

Pages: 120

SKU: IRTNTR71314

Snapshot

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. 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. Furthermore, this report extensively covers market segmentation by end-user (aftermarket and OEM) and geography (Europe, North America, APAC, MEA, and South America).

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:

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	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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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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Table of Contents

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

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

Appendix

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

Methodology

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.

INFORMATION 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

DATA 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

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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