Transparency Market Research in its new report titled, “Motorcycle Advanced Driver Assistance System Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the motorcycle advanced vehicle control system market. The TMR report anticipates that the rise in the rise in demand for active safety systems in motorcycles owing to the rise in number of accidents and injuries drive the motorcycle advanced vehicle control system market during the forecast period i.e, 2018-2026. Rapid technological innovation in the motorcycle manufacturing industry owing to demand of advanced safety systems is a prime factor boosting the expansion of the motorcycle advanced driver assistance system market during the forecast period. Benefits of motorcycle advanced driver assistance systems such as automation, vehicle efficiency, technology, and better traction are expected to boost the market, says the report.
The TMR report has segregated the motorcycle advanced driver assistance system market based on application, vehicle, component, component sales channel, and region. In terms of application, the motorcycle advanced driver assistance system market is categorized into four segments. Among these, the anti-lock brake system segment accounts for a prominent share of the market. The anti-lock brake system is a safety system that allows the wheel of the vehicle to maintain tractive contact with the road surface, according to the motorist’s inputs, while braking, preventing the wheels from locking up, and avoiding uncontrolled skidding. Based on vehicle, the motorcycle advanced driver assistance system market is divided into gasoline motorcycles and electric motorcycles. Among these, the gasoline motorcycles segment accounts for a prominent share of the market owing to higher sales of the gasoline motorcycles and increase in demand for safety systems from end-users, especially in developed countries. The segment is expected to maintain its dominant position in the market during the forecast period.
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On a geographical standpoint, the motorcycle advanced driver assistance system market is divided into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Of these, Europe holds majority share of the global motorcycle advanced driver assistance system market owing to the high rate of adoption of the systems and development of the automotive sector infrastructure, leading to an increased production of vehicles with safety systems, especially in Germany, France, the U.K., and Spain. Major motorcycle manufacturers are present in this region, thereby fueling the motorcycle advanced driver assistance system market. Implementation of safety systems by regulatory bodies in the region is also a key factor that is estimated to propel the motorcycle advanced driver assistance system market during the forecast period. Some of the key players operating in the global advanced vehicle control system market are profiled in this report to give a better competitive analysis and these include Robert Bosch GmbH, Continental AG, Ducati Motor Holding S.p.A, NXP Semiconductors, BMW Motorrad, ZF Friedrichshafen AG, Honda, Garmin Ltd., Suzuki Motor Corporation, and TVS Motor Company.
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