7.60% CAGR is Expected for Global Motorcycle Immobilizer Market between 2017 and 2021

The latest motorcycle immobilizer market trend is growing use of keyless entry systems. There is an increasing use of keyless entry systems for cars and motorcycles. More than 70% of the vehicles that are made today have remote keyless entry system as a standard or as an option. The remote keyless entry systems comprise a key fob transmitter and a receiver placed inside the vehicle. The purpose of keyless entry systems is to lock and unlock the door of the vehicle and to raise the alarm in case of theft.

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The analysts forecast global motorcycle immobilizer market to grow at a CAGR of 7.60% during the period 2017-2021. An immobilizer is an electronic security device that is used to prevent theft of motorcycles. Based on application, the motorcycle immobilizer market has been categorized into cruiser bikes, sports bikes, and commuter bikes. This report covers the present scenario and the growth prospects of the global motorcycle immobilizer market for 2017-2021. To calculate the market size, the report considers the touring and classic models of motorcycles.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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According to the report, one of the major drivers for this market is increase in motorcycle touring communities and events. Motorcycle touring communities form an important part of motorcycle tourism, which basically involves riding a touring motorcycle optimized for long-distance travel, wherein the travel routes are pre-planned, and the tours last for days. Motorcycle tourism also constitutes a part of adventure sports wherein the motorist would have to undertake camping and attend motorcycle rallies on the way.

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The following companies as the key players in the global motorcycle immobilizer market: Bosch, Continental, Delphi Automotive, Hella, and Mitsubishi Electric Corporation. Other Prominent Vendors in the market are: Atmel Corporation, Infineon Technologies, Microchip Technology, NXP Semiconductors, Sandhar Technologies, and Scorpion Automotive.

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