A recent report published by Infinium Global Research on the motorcycle infotainment system market provides an in-depth analysis of segments and sub-segments in the global as well as regional motorcycle infotainment system market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional motorcycle infotainment system market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of the global motorcycle infotainment system market. According to the report, the global motorcycle infotainment system market is projected to grow at a CAGR of 13.61% over the forecast period of 2019-2025.
Market Insight
The motorcycle component industry is evolving as the new technological advancements are developing. The infotainment systems were primarily developed and integrated into cars and big vehicles. But as technology improves the infotainment systems became smaller and dynamic. Today, infotainment systems are integrated into motorcycles to provide the riders with greater control and comfort. The motorcycle infotainment system market is competitive and fragmented in nature. The number of small local players along with the well-establish market players are competing with each other, maintaining the competitiveness of the market. The key players including Robert Bosch GmbH, Alpine Electronics, Inc., Continental AG, Harman International Industries, Inc., and others are focusing on collaboration with the electronic device manufacturers and developing innovative products with competitive prices.
The increase in demand for the infotainment system among bikers is the major factor driving the motorcycle infotainment system market. The growing awareness among the riders regarding safety and comfort has augmented the demand for motorcycle infotainment systems. Moreover, the growing adoption of the infotainment systems across all vehicle segments is expected to boost the motorcycle infotainment system market. Technological advancements have made the electronic components inexpensive, which makes them favorable to be integrated into lower-end motorcycle variants. This contributes to the growth of the market. Furthermore, the rising need for continuous connectivity is further propelling the motorcycle infotainment system market. However, the distraction of the rider while driving, which may cause accidents is the major factor hampering the growth of the motorcycle infotainment system market. Additionally, the collaboration of OEMs with electronic manufacturers is expected to provide opportunities for the motorcycle infotainment system suppliers in the future.
In terms of geography, the motorcycle infotainment system market in North-America generates the highest revenue. The motorcycle infotainment system market in this region holds a large amount of share of the global market. The domination of the North-America region in the motorcycle infotainment system market attributes to the technological advancements and growing demand for advanced features in motorcycles. Moreover, the presence of the key market players in the region is expected to boost the growth of the Motorcycle Infotainment System market in North-America.
Segment Covered
The report on global motorcycle infotainment system market covers segments such as motorcycle type, component, and sales channel. On the basis of motorcycle type, the sub-markets include motorcycles, and trikes. On the basis of component, the sub-markets include software, and hardware. On the basis of sales channel, the sub-markets include aftermarket, and OEMs.
Companies Profiled:
The report provides profiles of the companies in the market such as Robert Bosch GmbH, Alpine Electronics, Inc., Bombardier Recreational Products, Inc., Polaris Industries Inc., Continental AG, Garmin Ltd., Harman International Industries, Inc., TomTom N.V., Sena Technologies, Inc., Siemens AG, and Other Companies.
Report Highlights:
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of motorcycle infotainment system market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
