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Motorcycle Advanced Driver Assistance System (ADAS) Market Size to Grow by USD 711.4 million | Increasing Number of Road Accidents to Drive Market Growth

NEW YORK, May 2, 2022 /PRNewswire/ — A motorcycle advanced driver assistance system (ADAS) is an electronic system that assists riders. It is specifically designed with a safe human-machine interface, which increases safety. It also has features such as automation to avoid human errors.

Technavio has announced its latest market research report titled Motorcycle Advanced Driver Assistance System Market by Product and Geography – Forecast and Analysis 2020-2024

According to Technavio, the motorcycle advanced driver assistance system (ADAS) market size is estimated to grow by USD 711.4 mn from 2021 to 2026. In addition, the report projects that the market will progress at a CAGR of 8.7% during the forecast period.

Technavio offers additional insights into the market dynamics of the advanced driver assistance system (ADAS) market. Download an Exclusive Sample Report Now

Motorcycle Advanced Driver Assistance System (ADAS) Market: Driver

The increasing number of road accidents is driving the growth of the motorcycle advanced driver assistance system (ADAS) market. Road accidents can lead to several injuries, chronic health complications, or death. For example, according to the WHO, about 1.35 million fatalities occur due to road accidents every year across the world, and the number of people facing non-fatality injuries ranges from 20 to 50 million. Therefore, people are adopting protective motorcycle riding gear owing to the growing awareness about the implications of road accidents. ADAS is increasingly being preferred as a safety function in motorcycles. This, in turn, will drive the motorcycle ADAS market growth during the forecast period.

Do you want to learn about other drivers impacting the growth of the advanced driver assistance system (ADAS) market? Request an Exclusive Sample Report Now

Motorcycle Advanced Driver Assistance System (ADAS) Market: Challenge

The dependence of ADAS on connectivity leading to data security concerns is challenging the growth of the motorcycle advanced driver assistance system (ADAS) market. The currently designed ADAS works on intelligent systems where connectivity with other vehicles and objects is a vital part of the safety features. ADAS needs to be linked to the communication system of a vehicle directly to enable complete autonomous driving, which is leading to the issue of data security. Thus, the use of ADAS requires additional protection to prevent illegal transfer of data or hacking of vehicle systems. Moreover, there are concerns over the safety and security of data and vehicle systems among motorcycle riders. These factors will challenge the motorcycle advanced driver assistance system (ADAS) market growth during the forecast period.

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Motorcycle Advanced Driver Assistance System (ADAS) Market: Segmentation Analysis

This market analysis report segments the motorcycle advanced driver assistance system (ADAS) market by product (ABS, ACC, TCS, and others) and geography (North America, APAC, Europe, South America, and the Middle East and Africa).

APAC will account for the highest market growth share during the forecast period, owing to factors such as high disposable income and zeal for motorcycle riding. Market growth in this region will be faster than the growth of the market in other regions. China and India are the key countries for the motorcycle advanced driver assistance system (ADAS) market in APAC.

Learn about the contribution of each segment of the advanced driver assistance system (ADAS) market. Download a Sample Report

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Motorcycle Advanced Driver Assistance System (ADAS) Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 8.7%

Market growth 2022-2026

USD 711.4 million

Market structure

Fragmented

YoY growth (%)

8.1

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 37%

Key consumer countries

US, Canada, China, India, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Bayerische Motoren Werke AG, Brakes India Pvt. Ltd., BWI Group, Continental AG, Ducati Motor Holding Spa, GUBELLINI s.a.s. di Diego Gubellini and C., Hitachi Ltd., Honda Motor Co. Ltd., Kawasaki Heavy Industries Ltd., Nissin Kogyo Co. Ltd., Piaggio and C. Spa, PIERER Mobility AG, Ride Vision Ltd., Rider Dome, Robert Bosch GmbH, Suzuki Motor Corp., TVS Motor Co. Ltd., Yamaha Motor Co. Ltd., and ZF Friedrichshafen AG

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Product

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

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

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

Cision

Cision

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SOURCE Technavio

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