Global Motorcycle Infotainment Market Worth USD323 Million by 2023

ReleaseWire

pune, India -- (SBWIRE) -- 02/02/2019 -- The rapid economic growth, availability of easy financing, and brand awareness across countries in APAC such as India, China, and Japan will encourage players to expand their businesses to these markets. The integration of electronics such as collision avoidance systems, infotainment, connected systems, and drive-by-wire technologies will boost the adoption of these systems in the market.

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The global motorcycle infotainment system market is driven by the availability of cheap labor, favorable business environment, government subsidies, and abundance of resources in emerging nations. The integration of collision avoidance systems, infotainment, connected systems, and drive-by-wire technologies will boost revenues in the global market. The market research report provides in-depth market analysis and segmental analysis of the global motorcycle infotainment system market by product, application, and geography.

The global motorcycle infotainment system market is projected to generate revenues of around $323 million by 2023, growing at a CAGR of approximately 14% during 2017-2023. This market research report also offers market size analysis in terms of unit shipment values during the forecast period. Get Sample Brochure at https://www.reportsnreports.com/contacts/requestsample.aspx?name=1730979.

The report considers the present scenario of the global motorcycle infotainment system market and its market dynamics for the period 2018-2023. It covers a detailed overview of various market growth enablers, restraints, and trends. The study covers both the demand and supply sides of the market. It also profiles and analyzes the leading companies and various other prominent companies operating in the market.

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Motorcycle Infotainment System Market- Dynamics

The growing demand for premium motorcycles across emerging markets will drive the growth of the global motorcycle infotainment market. The rapid economic development, increase in per capita income, and availability of lucrative financing options is enabling consumers to invest in premium motorbikes in the developing markets. Leading manufacturers such as Bosh and Continental are investing in making safety electronics affordable for end-users in the global market. The launch of these initiatives will augment the growth of the global motorcycle infotainment market.

Some of the safety electronics used by motorcycles are traction control, cornering ABS, active/semi-active suspension, and laser lights and HUD systems. The introduction of vehicle to vehicle technology supports short-range communication technology to exchange location, speed, heading, braking mode, and other information with nearby vehicles. These systems will help avoid a collision and increase the adoption of advanced technologies in the global motorcycle infotainment market. Recently, in 2017, Bosch announced a prototype vehicle-to-vehicle communication system.

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The OEM segment occupied over 3/4th of the market share in 2017, growing at a CAGR of approximately 14% during the forecast period. The growing demand for wear-and-tear and crash-relevant parts is driving the growth of this segment in the global market. Revenues related to digital services are expected to increase three-fold during the forecast period. The launch of innovative aftermarket products with advanced features is gaining immense popularity in the motorcycle infotainment system market.

Market Segmentation by Product
- Motorcycle
- Trikes

Market Segmentation by Application
- OEM
- Aftermarket

Key Vendor Analysis

The global motorcycle infotainment system market is diverse and the level of competition among the players varies across regions. APAC is among the most competitive region in the global market. The increasing adoption of electric vehicles and growing demand for premium products is creating lucrative opportunities for leading vendors in the APAC market. The OEMs are leveraging rapid advancement in technologies to sustain the intense competition in the market. The key players are competing on the basis of prices and product differentiation to gain a larger global market share. The economic development in Latin American and Middle Eastern regions will encourage companies to expand their businesses to these regions in the global market.

The major vendors in the global market are:
- HARMAN International (Samsung)
- Garmin
- TomTom International
- Bosch
- Continental AG
- Polaris Industries

Key market insights include:

The analysis of global motorcycle infotainment system market provides market size and growth rate for the forecast period 2018-2023.

It offers comprehensive insights into current industry trends, trend forecast, and growth drivers in the global motorcycle infotainment system market.

The report provides the latest analysis of market share, growth drivers, challenges, and investment opportunities.

It offers a complete overview of market segments and the regional outlook of the global motorcycle infotainment system market.

The report offers a detailed overview of the vendor landscape, competitive analysis, and key market strategies to gain competitive advantage.

Few Points from List of Exhibits:

Exhibit 1 Segmentation of Global Motorcycle Infotainment System Market

Exhibit 2 Market Size Calculation Approach 2017

Exhibit 3 Global Motorcycle Infotainment System Market Overview

Exhibit 4 Dual-income Households in the US (1970 vs. 2015)

Exhibit 5 Motorcycle Sales in India 2013-2017 (150 cc to 500 cc)

Exhibit 6 Motorcycle Sales in India 2013-2017 (500 cc and above)

Exhibit 7 APAC Real GDP Growth (annual percentage change)

Exhibit 8 Global Luxury Goods Market 2016 ($ billion)

Exhibit 9 Growth in Labor Costs in Various Chinese Cities in 2016

Exhibit 10 Global Motorcycle Infotainment System Market by Value Chain 2017

Exhibit 11 Global Motorcycle Infotainment System Market: Historical Data 2015-2016

Exhibit 12 Global Motorcycle Infotainment System Market 2017-2023 ($ million)

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