Global Motorcycle Advanced Driver Assistance System (ADAS) Market 2019-2023 | 18% CAGR Projection Over the Next Five Years | Technavio

Technavio has announced its latest market research report titled global motorcycle advanced driver assistance system (ADAS) market 2019-2023. (Graphic: Business Wire)

LONDON--()--The global motorcycle advanced driver assistance system (ADAS) market is expected to post a CAGR of more than 18% during the period 2019-2023, according to the latest market research report by Technavio.

A key factor driving the growth of the global motorcycle advanced driver assistance system (ADAS) market size is the increasing demand for ACC in motorcycles. The preference for ACC in motorcycles is increasing significantly, as ACC technology provides the rider with better side view clearance and helps to enhance the performance of the motorcycle. These systems combine long-range radar with the short-range radar, that enables better safety and driving assistance even when the visibility is low. Thus, the growing adoption of the ACC system, which is a sub-component of ADAS, will drive market growth during the forecast period.

As per Technavio, the increasing demand for adaptive headlights in motorcycles will have a positive impact on the market and contribute to its growth significantly over the forecast period. This global motorcycle advanced driver assistance system (ADAS) market 2019-2023 research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Global Motorcycle Advanced Driver Assistance System (ADAS) Market: Increasing demand for adaptive headlights in motorcycles

The headlight is one of the crucial parts of a motorcycle that provides illumination in the dark. The drawbacks of conventional headlights have led to the development of adaptive headlight technology. The adaptive headlight tilts according to the rider’s lean-angle by means of servomotor, thus allowing them to see around the corner while turning. This reduces the risk of riding in the dark. Thus, the development of adaptive headlights will be a key trend in the motorcycle ADAS market during the forecast period.

“Apart from the increasing demand for adaptive headlights in motorcycles, other factors such as the growth in the number of start-ups offering ADAS technology and the introduction of new innovative products will have a significant impact on the motorcycle ADAS market growth during the forecast period,” says a senior analyst at Technavio.

Global Motorcycle advanced driver assistance system (ADAS) Market: Segmentation Analysis

This market research report segments the global motorcycle ADAS market by product (ABS, ACC, TCS, and others), and geographic regions (North America, Europe, APAC, South America, and MEA).

The North American region led the motorcycle advanced driver assistance system (ADAS) market in 2018, followed by Europe, APAC, South America, and MEA respectively. The dominance of the motorcycle ADAS market share in North America can be attributed to factors such as the growing demand for heavyweight motorcycles, and the wide presence of aftermarket vendors in the region.

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Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market definition
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com

Release Summary

The global motorcycle advanced driver assistance system (ADAS) market is expected to post a CAGR of more than 18% during the period 2019-2023.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
www.technavio.com