Global Motorcycle Sensors Market 2024-2028
The motorcycle sensors market is forecasted to grow by USD 6.95 bn during 2023-2028, accelerating at a CAGR of 6.72% during the forecast period. The report on the motorcycle sensors market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the increasing usage of electric components in motorcycles, growing adoption of advanced safety and comfort systems in the motorcycle industry, and advancements in imu manufacturing technologies to increase demand for IMU sensors.
Technavio's motorcycle sensors market is segmented as below:
By Type
- Process
- Position
- Motion
- Others
By Distribution Channel
By Geographical Landscape
- APAC
- Europe
- North America
- Middle East and Africa
- South America
This study identifies the development of oxygen monitoring sensors to control air-fuel ratio as one of the prime reasons driving the motorcycle sensors market growth during the next few years. Also, the development of a complete sensor box imbibing multiple degrees of freedom and connected riders through the use of intuitive sensor-based technology: M2M communication will lead to sizable demand in the market.
The report on the motorcycle sensors market covers the following areas:
- Motorcycle sensors market sizing
- Motorcycle sensors market forecast
- Motorcycle sensors market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading motorcycle sensors market vendors that include 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. Also, the motorcycle sensors market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.