Future of Motorcycle Sensors Market Growth, Opportunities & Competitive Dynamics (2023-2032)

Sensors are the devices used to detect the change in the system and covert the physical phenomenon into measurable analogue voltage converted into the human-readable display. Motorcycle sensors are vital devices used for passing on the change in the performance characteristics of the motorcycle to the other electronics which consists of a computer processor. The sensors are used in advanced systems which help in cutting down fuel consumption and hydrocarbon emission. The growing concern for rider's safety is triggering the growth of the motorcycle sensors market. Modern-day motorcycles have more than 20 sensors such as an anti-lock braking sensor (ABS), lean-angle sensing traction control, wheelie control, and tire pressure monitoring sensors. Safety features such as crash avoidance systems and blind-spot detection are influencing purchasing decisions of consumers. Moreover, an increasing number of motorcycle manufacturers adopting advanced cruise control systems is further boosting the demand for motorcycle sensors across the world. In addition, the sensors provide a greater level of onboard safety and comfort to motorcycle riders.

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COVID-19 Impact Analysis

Due to COVID-19, the governments in major countries have announced lockdown which caused numerous business shutdown. Moreover, motorcycle production has also been halted globally thus, affecting the demand for motorcycle sensors. Furthermore, due to social distancing norms and other restrictions led to the unavailability of labor required for hardware production which further delayed the manufacturing process.

COVID-19 had a positive impact on the two-wheelers market since people started preferring personalized transport for traveling. In addition, the sale of electric vehicles has increased than the previous year. Motorcycle sensors are an evolving sector that had a negative impact due to the pandemic. Therefore, the sale of electric vehicles is expected to drive the growth of the motorcycle sensors market in the post-pandemic phase.

Top Impacting Factors

Rise in motorcycle production, increase in demand for motorcycle with advanced features, and surge in government regulations to improve safety of riders is expected to drive growth of the market.

However, malfunction of sensors and counterfeit manufacturing of sensors hamper growth of the market.

Moreover, rise in demand for affordable motorcycle, rise in demand for electric motorcycle, and rise in R&D development for new & advanced technology can act as an opportunity to drive the growth of the market.

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Market Trends

Government regulations to improve the safety of riders

Government across all the major countries have made regulations to install safety measures in the vehicle due to the high number of road accidents leading to death.

For instance, Indian government has made the installation of ABS (Anti-Lock Braking System) mandatory for 2-wheeler from April 2019. Whereas, European Union has made ABS mandatory for two-wheelers with engines above 125 cc from January 2016. This new development is expected to drive the growth of the motorcycle sensors market.

Demand for motorcycles with advanced features

With the rise in consumers' disposable income, luxury motorcycles with advanced features are gaining popularity. For instance, the new trend is the development of oxygen monitoring sensors to control the air-fuel ratio. The global motorcycle industry is witnessing rapid developments and enhancement in the field of powertrain, safety, comfort, and convenience technology.

Moreover, the automotive industry R&D for developing autonomous motorcycles driven by onboard computers and sensors will create a demand for motorcycle sensors.

Robert Bosch GmbH is working on sensors for adaptive cruise control, forward-collision warning system, and blind-spot detection system. Thus, the demand for rapid electrification of mechanical components and adoption of advanced driver-assistance systems (ADAS) in motorcycles is expected to drive growth of the motorcycle sensors market.

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Key Benefits of the Report

This study presents the analytical depiction of the motorcycle sensors market along with the current trends and future estimations to determine the imminent investment pockets.

The report presents information related to key drivers, restraints, and opportunities along with the challenges of the motorcycle sensors market.
The current market is quantitatively analyzed from 2020 to 2030 to highlight the motorcycle sensors market growth scenario.

The report provides detailed motorcycle sensors market analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Research Report

Which are the leading market players active in the motorcycle sensors market?

What would be the detailed impact of COVID-19 on the market?

What current trends would influence the market in the next few years?

What are the driving factors, restraints, and opportunities in the motorcycle sensors market?

What are the projections for the future that would help in taking further strategic steps

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