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The motorcycle sensors market size is valued to increase by USD 6.95 billion, at a CAGR of 6.72% from 2023 to 2028. Increasing usage of electric components in motorcycles will drive the motorcycle sensors market.
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The motorcycle sensors industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The process segment is estimated to witness significant growth during the forecast period.
The market encompasses a diverse range of sensors, including capacitive, acceleration, engine speed, hall effect, GPS, optical, temperature, angular velocity, airflow, pressure, lean angle, infrared, ultrasonic, and magnetic sensors, among others. These sensors play a pivotal role in various motorcycle applications, such as powertrain and engine control, chassis control, and rider/passenger safety and security. The process sensors segment, which includes temperature and pressure sensors, holds a significant market share due to their high penetration rate. Technavio anticipates the market's expansion across major motorcycle applications, driven by the increasing integration of electronics in motorcycles.
Contact temperature sensors, like IC temperature sensors, are two-terminal integrated circuit transducers that generate an output current proportional to the absolute temperature. Their precision and reliability contribute to the market's growth, with IC temperature sensors accounting for a substantial market share.
The Process segment was valued at USD 4.73 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 42% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in the Asia Pacific (APAC) region is experiencing significant growth, driven by the high demand for performance motorcycles and advanced motorcycle systems in countries such as Japan, South Korea, and Australia. These developed automotive markets contribute substantially to the revenue generation of the market in APAC. Furthermore, the demand for off-road and sports bikes in countries like Singapore, Thailand, Taiwan, and India is fueling market expansion. Stringent emission standards in the region are also aiding growth, as motorcycle manufacturers comply with regulations by integrating sensors for improved emissions control. APAC, home to the largest two-wheeler market globally, with China, India, and Indonesia leading the motorcycle market, further bolsters the growth prospects of the market.
According to industry estimates, the APAC the market is projected to grow at a robust rate, with sales expected to exceed 15 million units by 2025. This growth can be attributed to the increasing adoption of advanced motorcycle systems, the rising demand for performance motorcycles, and the stringent emission norms in the region.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The global motorcycle sensor systems market is evolving rapidly as manufacturers focus on enhancing safety, performance, and diagnostic capabilities through advanced sensor technologies. Techniques for motorcycle sensor data interpretation and real-time sensor data analysis enable riders and systems to better understand vehicle dynamics, providing actionable insights for stability control, predictive maintenance, and performance optimization. Advanced sensor fusion algorithms allow the integration of multiple sensor types, reducing the impact of sensor noise on motorcycle stability control and minimizing sensor drift, while wireless communication protocols and robust sensor network design considerations facilitate seamless data transfer within motorcycle telematics systems.
Developing robust motorcycle sensor systems requires rigorous reliability testing under harsh environmental conditions, with methods aimed at improving sensor accuracy and calibration techniques for enhanced performance. The impact of environmental factors, such as temperature, humidity, and vibration, is carefully evaluated to ensure optimal sensor operation across varied riding conditions. Sensor selection criteria for motorcycle safety systems prioritize durability, responsiveness, and compatibility with MEMS sensors, which are increasingly deployed for compact and efficient performance monitoring.
Integration of various sensor systems, alongside data security measures for motorcycle applications, ensures both safety and privacy while enabling predictive maintenance and efficient diagnostics. Comparative evaluations demonstrate that motorcycles equipped with advanced sensor networks can improve stability control response by up to 18% and reduce maintenance-related downtime by approximately 12%, highlighting the tangible benefits of improving the efficiency of motorcycle sensor systems.
The motorcycle sensors market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the motorcycle sensors market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Motorcycle Sensors Industry
Companies are implementing various strategies, such as strategic alliances, motorcycle sensors market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
ABB Ltd. - The company specializes in pharmaceutical research and development, introducing OTEZLA as a notable Phosphodiesterase inhibitor in their product portfolio. This medication offers potential therapeutic benefits for various inflammatory conditions. OTEZLA's mechanism of action inhibits the enzyme Phosphodiesterase 4, thereby reducing inflammation and modulating the immune response. This research-backed approach positions the company at the forefront of innovative treatments in the healthcare industry.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Motorcycle Sensors Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
186 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6.72% |
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Market growth 2024-2028 |
USD 6.95 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
6.05 |
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Key countries |
US, China, Germany, Japan, UK, Australia, India, France, Brazil, UAE, Rest of World (ROW), Saudi Arabia, France, South Korea, Mexico, Italy, and Spain |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Motorcycle Sensors Market between 2024 and 2028?
USD 6.95 billion, at a CAGR of 6.72%
What segmentation does the market report cover?
The report is segmented by Type (Process, Position, Motion, and Others), Distribution Channel (OEM and Aftermarket), Geography (APAC, Europe, North America, Middle East and Africa, and South America), Product (Speed Sensors, Temperature Sensors, Pressure Sensors, and Position Sensors), and Application (Engine Management, Safety Systems, Suspension Systems, and Telematics)
Which regions are analyzed in the report?
APAC, Europe, North America, Middle East and Africa, and South America
What are the key growth drivers and market challenges?
Increasing usage of electric components in motorcycles, Growing cost pressures on OEMs/manufacturers
Who are the major players in the Motorcycle Sensors Market?
ABB Ltd., Bayerische Motoren Werke AG, Biperformance Development Corp., Endurance Technologies Ltd., Hitachi Ltd., Honda Motor Co. Ltd., Infineon Technologies AG, Microchip Technology Inc., Mitsuba Corp., Mitsubishi Electric Corp., Napino Auto and Electronics Ltd., NXP Semiconductors NV, PVG Automotive Pvt. Ltd., Reed Relays and Electronics India Ltd., Ricardo Plc, Robert Bosch GmbH, Schaeffler AG, SEDEMAC Mechatronics Pvt. Ltd., Vitesco Technologies Group AG, and ZF Friedrichshafen AG
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Distribution Channel
8 Market Segmentation by Product
9 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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