Industry Background:
Since the Automobile industry has shown numerous technological advancements as well as automation in the existing motorcycles. In addition to this, the number of governments across the globe has stringent government regulations regarding vehicle and driver safety. These advanced driver assistance systems (ADAS) help drivers in better controlling their vehicles and avoids accidents. It also reduces the stress of the driver and provides comfort. Moreover, due to continues technological advancements the Motorcycle ADAS market will show significant business growth in the forecasted period.
This growth is primarily driven by These Systems enable Risk-Free Driving with Reduced Stress and Favorable Government Legislations for Driving Safety.
Globally, a noticeable market trend is evident IoT as well as Artificial Intelligence Enabled Advanced Driving Assistance Systems
. The Sensor Systems sector in the Europe region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Continental Ag [Germany], Delphi Automotive PLC [United States], Robert Bosch Gmbh [Germany], BMW Motorrad (Germany), Honda Motor Company (Japan), Ducati Motor Holding S.p.A. (Italy), Garmin Ltd. (United States), ZF Friedrichshafen (Germany), Aisin Seiki Co. Ltd. [Japan], Autoliv Inc [Sweden], Denso Corporation [Japan] and Valeo [France] etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On October 29, 2018, the technology company 'Continental' has acquired one of the leading specialists in and manufacturers of vehicle antennas "Kathrein Automotive GmbH" (a subsidiary of Kathrein SE). Kathrein Automotive and its entire workforce are expected to become part of Continental in the first quarter of 2019. Kathrein Automotive has over 1,000 employees in a total of eight locations in Brazil, China, Germany, Mexico, Portugal, and the USA. The two parties have agreed not to disclose the purchase price.
Regulatory Insights:
Recently in August 2018, European Union has made it mandatory for automotive manufacturers to deploy ADAS such as lane departure warning systems (LDWS) and autonomous emergency braking systems (AEBs) in all heavy commercial vehicles weighing more than 7,000 kilograms. Also, to achieve NCAP’s (New Car Assessment Program) highest rating, a car is required to have active safety systems.
Market Drivers
- These Systems enable Risk-Free Driving with Reduced Stress
- Favorable Government Legislations for Driving Safety
Market Trend
- IoT as well as Artificial Intelligence Enabled Advanced Driving Assistance Systems
- Growing Use of Technically Trustworthy and Reliable Sensors
Restraints
- Complex Initial Product Designs as well as Comparatively Expensive Solutions
- Significant Post Purchase Maintenance in Motorcycle ADAS
Opportunities
Robust Growth of Automobile Industry Especially Motorcycles and Rising Disposable Income and Growing Awareness About ADAS System
Challenges
Lack of Skilled ADAS System Developers and Threat of Substitutes
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Motorcycle Advanced Driver Assistance System Study Sheds Light on
The Motorcycle Advanced Driver Assistance System Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Motorcycle Advanced Driver Assistance System industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Motorcycle Advanced Driver Assistance System industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.