The global motorcycle sensors market to grow at a CAGR of 13.41% during the period 2017-2021.
Global Motorcycle Sensors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. To calculate the market size, the report considers OEM integration/fitment of sensors in motorcycles.
One trend in the market is development of oxygen monitoring sensor to control air-fuel ratio. The global motorcycle industry is witnessing rapid developments and enhancements in the field of powertrain, safety, comfort, and convenience technology. Leading suppliers have been working on the sensor technology front to make the modern systems more functional and accurate than ever.
According to the report, one driver in the market is increasing use of electronic components per motorcycle. The worldwide demand for powered motorcycles is on the rise. This demand is enabling the rapid electrification of mechanical components and driving the adoption of ADAS in motorcycles. The primary goal of the automotive industry is an autonomous motorcycle electronically driven by the onboard computers. The motorcycle should ideally navigate with the help of information received from its connected vehicle network and from the Internet of Things (IoT).
Further, the report states that one challenge in the market is improper tuning of sensors can impede riding experience. With increasing use of sensors in the modern motorcycles available in the market, the motorcycle has become interactive in nature.