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Motorcycle Electronics Market Segmented By types of motorcycles such as Cruiser, Sport bike, Dual sport bike, Adventure Tourer and Scooter with Application type such as Lighting, Bluetooth accessories, Motorcycle Grip heater, Lap Timer, Switches & Knobs, Display
The motorcycle market has evolved significantly from complete mechanical systems in the past to electronics systems in the present. Efficiency of a motorcycle greatly depends on power to weight ratio, advanced electronics in the motorcycle has not only enabled new features and characteristics, but has also helped to significantly reduce weight of the vehicle.
Technological advancements such as antilock braking system (ABS), i3s technology, Blue core technology, Self-balancing technology are example for the same. A motorcycle has various electronics parts such as Engine control unit (ECU), GPS system, Immobilizer system, semi-active suspension system, hybrid system, sequential gear technology, etc.
Electronics is now a days integrated in various systems of a motorcycle such as engine management, driver safety, motorcycle tracking, lighting system, fuel injection systems, ignition systems, safety of motorcycle, connecting with other motorcycles through intercoms, telematics related to motorcycle, action cameras etc. Motorcycle electronics market has witnessed significant investment from various OEMs due to leverage existing growth opportunities in the market.
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Existing government norms and continual focus on vehicle and rider safety has brought a lot of investment in the motorcycle electronics market for developing new technologies. Furthermore, technologies such as engine management systems, exhaust gas recirculation (EGR) helps in monitoring and reduction of emissions from a motorcycle hence triggering the global motorcycle electronics market.
Furthermore, increasing the demand of luxury and ultra-luxury motorcycles, which are well equipped with advanced technologies are expected to drive the growth of global motorcycle electronics market. Moreover, electronic devices required less maintenance and fault can be detect easily by standard diagnostic tools making them a robust and durable choice.
Furthermore, better handling and passenger safety are the factor which hike the Global Motorcycle Electronics Market in forecast period. Manufacturer in the market are focusing on implementing future motorcycles with new technology such as Electronic Cruise Control (ECC), and Internet of Thing (IOT), Motorcycle Airbag Jackets, Immobilizer System.
Apart from these factors, the motorcycle electronics market is expected to witness significant demand from the aftermarket. With the changing demographics and advancing technology, riders want their bikes to be well equipped with the advanced features available in the market.
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There are some key Participants of the global Motorcycle Electronics Market:
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Asia Pacific is a major market for motorcycles, thus the region is anticipated to hold a lion share in the market thus, dominating the global motorcycle electronics market owning to high demand of motorcycle from countries such as India and China. China is expected to emerge as technology leader in the global market and will be a major exporter of cheap electronic products.
Middle East and Africa region is also anticipated to have a strong foot hold in the global market. Further, with respect to North America and Europe, high demand for premium motorcycle from countries such as Germany, France and the U.S. is expected to fuel growth of the global motorcycle electronics market. Market in the Latin America is anticipated to maintain a slow growth owing to low consumer spending
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