motorcycle ADAS Market size to surpass around US$ 2.6 billion by 2031

The global motorcycle ADAS market was valued at US$ 1.2 billion in 2021 and it is anticipated to grow up to US$ 2.6 billion by 2031, at a CAGR of 7.7% during the forecast period.

Global Motorcycle ADAS report from Global Insight Services is the single authoritative source of intelligence on Motorcycle ADAS market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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Major Players in the Global Motorcycle ADAS Market

The key players studied in the global motorcycle ADAS market are Bajaj Auto Limited (India)Continental AG (Germany)IPG Automotive GmbH (Germany)KTM Sportmotorcycle GmbH (Austria)M-ADAS (Israel)Mechanical Simulation Corporation (US)Robert Bosch GmbH (Germany)Sensata Technologies, Inc. (US)Yamaha Motor Co., Ltd. (Japan), and ZF Friedrichshafen AG (Germany).

Global Motorcycle ADAS Market Segmental Overview

The report analyses the global motorcycle ADAS market based on component, system, propulsion, and region.

Global Motorcycle ADAS Market by Component

Based on component, it is segmented into ECU, sensors, gear assitors, and others. The ECU segment is expected to have the largest motorcycle ADAS market share in 2021. Motorcycle manufacturers will move from carburetors to electronic systems to comply with regulations. Electronically controlled systems enable motorcycles (and other small engine applications) to meet stricter emissions regulations. Due to multiple benefits, the ECU segment is expected to receive the main market attraction resulting in market growth.

Global Motorcycle ADAS Market by System

Based on system, it is segmented into ABS, ACC, TCS, and others. The ABS segment is expected to dominate the market during the forecast period. Factors attributing to the growth of the ABS segment is increasing motorbikes accidents due to brake failure and increasing awareness regarding road safety among consumers. Adaptive cruise control is the second dominating segment in the market owing to the increasing demand for accurate bike data for improvement of future bike performances. Due to the abovementioned factors, the ABS segment is expected to dominate the market during the forecast period.

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Market Drivers and Trends

Motorbikes are the most used conveyance option to travel from one location to another. They let the riders move through constricted spaces, are fast & highly maneuverable, and offer a thrilling experience while traveling on different terrains. Over the years, different kinds of motorcycles such as sport, cruiser, touring, and mopeds have been launched to cater to different customer needs. With an increasing number of cars fitted with advanced navigation, infotainment, telematics, and autonomous technologies, the demand for such bike features is anticipated to increase in the coming years.

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