- Motorcycle advanced driver assistance system (ADAS) is an advanced active system that assists motorists while driving. Motorcycle advanced driver assistance systems make rides smarter by achieving higher standards of communication while riding in traffic.
Key Drivers of Motorcycle Advanced Driver Assistance System (ADAS) Market
- A rise in the number of vehicle accidents has prompted regulatory bodies to enact stringent vehicle safety norms. Furthermore, motorcycle users have also been opting for safe, efficient, and convenient riding experience, which is a key factor that is projected to propel the motorcycle advanced driver assistance system market during the forecast period.
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Challenges in Motorcycle Advanced Driver Assistance System (ADAS) Market
- The recent outbreak of COVID-19 pandemic has affected national as well as international automotive supply chains, manufacturing and R&D operations, and consequently, hampered the automotive industry. Post first wave of COVID-19, global economies have started opening automotive manufacturing and supply chain operations. Thus, the COVID impact on the industry seems to have reached a state of normalcy; however, a resurgence in COVID-19 cases in countries across the globe has prompted governments to impose a second round of lockdown restrictions and hence, the uncertainty continues in the automotive and allied ancillary part suppliers industries.
Opportunities in Motorcycle Advanced Driver Assistance System (ADAS) Market
- The motorcycle advanced driver assistance system market is likely to expand at a significant rate owing to a surge in replacement of safety-related motorist action with technology and an increase in the demand for automated systems that are expected to be safer than existing systems.
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Europe to Dominate Global Motorcycle Advanced Driver Assistance System (ADAS) Market
- Based on region, the global motorcycle advanced driver assistance system market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. Europe accounts for a major share of the global motorcycle advanced driver assistance system market owing to the high rate of adoption of systems and the development of the automotive sector infrastructure, leading to an increased production of vehicles with safety systems, especially in Germany, France, the U.K., and Spain. Major motorcycle manufacturers are present in the region, thereby fueling the motorcycle advanced driver assistance system market. Implementation of safety systems by regulatory bodies in the region is also a key factor that is estimated to propel the motorcycle advanced driver assistance system market during the forecast period.
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Key Players Operating in Motorcycle Advanced Driver Assistance System (ADAS) Market
The global motorcycle advanced driver assistance system (ADAS) market is moderately consolidated. A few of the key players operating in the global motorcycle advanced driver assistance system (ADAS) market are:
- Robert Bosch GmbH
- Continental AG
- Ducati Motor Holding S.p.A
- NXP Semiconductors
- BMW Motorrad
- ZF Friedrichshafen AG
- Honda
- Garmin Ltd
- Suzuki Motor Corporation
- TVS Motor Company.
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