Motorcycle ADAS Market Set to Skyrocket to $2.86 Billion by 2032 Amid Rising Safety Concerns and Technological Advancements

The global Motorcycle Advanced Driver Assistance System (ADAS) market, which was valued at USD 1.65 Billion in 2023, is expected to burgeon and reach USD 2.86 Billion by 2032, marking a consistent expansion at a CAGR of 6.3% during the period of 2024-2032, reveals the latest report from Dataintelo.

This impressive growth can be attributed to the dawn of autonomous vehicles and the growing demand for enhanced safety and convenience features in motorcycles. The market is observing a constant rise underpinned by factors including evolution in auto-industry, technological progressions, and an increased level of awareness about road safety. A promising surge in motorcycle sales and the proliferation of Internet of Things (IoT) in the automotive sphere are also supporting the growth of the ADAS market.

Another critical factor propelling the market growth is the increasing number of road accidents worldwide. The unstable nature of motorcycles compared to four-wheel vehicles raises the vulnerability to accidents. Responding to this, manufacturers are heavily investing in research and development to design advanced rider assistance systems capable of mitigating the accidents and risks associated with motorcycling. Various ADAS features such as collision warnings, adaptive cruise control, and traffic signal recognition are now being integrated into motorcycles for enhanced safety and efficiency.

The market is further strengthened by the regulatory bodies that encourage the installation of safety systems in motorcycles. Global standardization authorities are laying out frameworks that either encourage or mandate the installation of specific assistance systems. The establishment of these regulations has led ADAS to become a vital part of modern motorcycles, thereby fostering the market growth

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/83711

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The motorcycle advanced driver assistance system (ADAS) market has been segmented on the basis of𝐓𝐲𝐩𝐞
● Gasoline Motorcycles
● Electric Motorcycles

𝐂𝐚𝐭𝐞𝐠𝐨𝐫𝐲
● Cruiser
● Sport
● Touring
● Standard
● Dirt

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
● OEM
● Aftermarket

𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭𝐬
● Sensors
● Cameras
● ECUs

𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬
● TPMS
● ACC
● BSD
● ABS
● TCS

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● 𝐀𝐧𝐭𝐡𝐨𝐧𝐲 𝐁𝐞𝐬𝐭 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 𝐋𝐢𝐦𝐢𝐭𝐞𝐝.
● BMW Motorrad
● 𝐁𝐨𝐬𝐜𝐡 𝐋𝐢𝐦𝐢𝐭𝐞𝐝
● BWI
● Continental
● Ducati
● Garmin
● Honda
● Motorcycle Cruise Controls
● NXP Semiconductors
● Suzuki
● TVS Motor
● ZF Friedrichshafen



Segment Analysis:

The motorcycle advanced driver assistance system (ADAS) market is comprehensively segmented based on different aspects. Under type, the market is bifurcated into Gasoline Motorcycles and Electric Motorcycles. The former has traditionally dominated the market due to its affordability and wide usage worldwide. Nevertheless, with rising environmental concerns and advancing technology, electric motorcycles are likely to witness substantial growth and possibly overtake gasoline motorcycles in the future. The market's categorization includes Cruiser, Sport, Touring, Standard, and Dirt. Each category offers different benefits to the riders, and the market for them is depending on specific user requirements and preferences.

By application, the motorcycle advanced driver assistance system (ADAS) market is segmented into OEM and Aftermarket. The OEM segment has seen significant growth due to the growing motorcycle production with advanced features. The aftermarket segment is also growing as more riders are retrofitting their existing motorcycles with advanced systems for safer and more comfortable rides. In terms of components, the market is divided into Sensors, Cameras, and ECUs, all of which play a crucial role in the functioning of these systems. Lastly, the features that could be integrated with these systems include TPMS, ACC, BSD, ABS, and TCS; their combined utilization can enhance the overall safety and performance of motorcycles.

Regional Analysis:

The regional dynamics of the motorcycle advanced driver assistance system (ADAS) market can be dissected into Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. The Asia Pacific region, particularly countries like China, India, and Japan, secures a significant share due to escalating motorcycle sales and a large population base. North America and Europe have substantial potential for market growth, attributed to the high adoption of advanced automotive technologies and strict safety regulations. Latin America and the Middle East & Africa might showcase moderate growth, with increasing motorcycle usage and expanding the automotive industry in several nations. Renowned market participants such as Anthony Best Dynamics Limited, BMW Motorrad, and Bosch Limited, among others, significantly contribute to market growth across these regions

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/83711

Market Drivers:

1. Increasing demand for safety features: The increasing number of motorcycle accidents has intensified the demand for advanced safety features. Motorcycle ADAS offers features like traction control system, adaptive cruise control, and gear shift assist, etc., that significantly decrease accident rates.

2. Enhanced riding experience: The ADAS systems also offer features like smartphone connectivity, traffic sign recognition, and blind-spot detection which enhances the riding experience.

3. Regulatory mandates: Many countries have mandated the inclusion of certain ADAS features in all vehicles including motorcycles. Such mandates are driving the growth of the Motorcycle ADAS market.

4. Technological advancements: The rapid advancement in technology has made it possible to produce compact and inexpensive safety systems. This has aided the inclusion of these systems in motorcycles.

Opportunities:

1. Growing market for high-performance motorcycles: High-performance motorcycles often include such advanced systems as a standard feature. The growing market for these motorcycles offers ample opportunity for the Motorcycle ADAS market.

2. Rapid urbanization and increasing traffic density: Rapidly growing urban areas and increasing traffic density have made traffic navigation and parking a stressful task. ADAS can significantly ease these tasks, leading to increased demand.

3. Emergence of autonomous and electric motorcycles: The emergence of autonomous and electric motorcycles presents a key opportunity for the growth of the Motorcycle ADAS market.

4. Integration with IoT and AI: Motorcycle ADAS systems are becoming more sophisticated through integration with technologies like IoT and AI. This opens up opportunities for the development of innovative features and subsequently market growth

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