Transparency Market Research in its new report titled, “Motorcycle Infotainment System Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the motorcycle infotainment system market. The TMR report anticipates that the rise in the demand from bikers will drive the motorcycle infotainment system market during the forecast period i.e, 2018-2026. People from countries in Europe and North America prefer a motorcycle while travelling out of town. These people generally demand for luxury vehicles that are equipped with all the accessories needed while travelling. Consequently, the motorcycle infotainment system is a highly preferred accessory by consumers of luxury class motorcycles. Another key driver of the motorcycle infotainment system is the adoption of advanced technologies. Consumers exhibit a high rate of adoption to advanced technologies, which in turn is estimated to boost the demand for motorcycle infotainment system during the forecast period, says the report.
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The TMR report has segregated the motorcycle infotainment system market based on mode, components, position, motorcycle type, sales channel, and geography. On the basis of mode, the motorcycle infotainment system market is segregated into two segments. The portable motorcycle infotainment system is highly popular among consumers as it can be used with any motorcycle. Portable infotainment systems are easy to mount and easy to unmount, which makes them easy to carry anywhere. Integration of the navigation system with the motorcycle infotainment system, integration of rider’s mobile phone with infotainments system, and other advanced features such as Google assistant has offered lucrative opportunities for the motorcycle infotainment system market. Based on components, the motorcycle infotainment system market is classified into two major segments. Among these, the software segment of the market is major revenue generating segment. The software used in an infotainment system need to be updated periodically. Consequently, the software segment accounts for a major share of the revenue generated by the infotainment system. On the basis of position, the motorcycle infotainment system market is segregated into two prime segments. Motorcycle body mounted infotainments systems are highly preferred by consumers.
In terms of motorcycle type, the motorcycle infotainment system market is split into two prominent segments. Trikes are gaining popularity among consumers in countries in North American and Europe. Therefore, the trike segment of the motorcycle infotainment system market is anticipated to expand in the near future. Based on sales channel, the motorcycle infotainment system market is classified into two segments. Different types of motorcycle infotainments systems are available in the aftermarket and at comparatively cheap prices. Owing to which aftermarket segment of the market seems to be the attractive segment. On a geographical standpoint, the motorcycle infotainment system market is segmented into five prominent regions. North America and Europe are technologically advanced regions and witness a significant demand for advanced motorcycle features such as infotainment systems. These regions are experiencing a considerable demand for luxury motorcycles, which in turn has boosted the demand for motorcycle infotainment systems. Some of the major players operating in the global motorcycle infotainment system market are profiled in this report and these include Robert Bosch GmbH, Polaris Industries Inc., Siemens AG, Continental AG, and Bain & Company.
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