Motorcycle Infotainment System Market
is expected to display higher growth rate in the upcoming period. Rapid surge
in the market is credited to the growing concerns regarding driver and
passenger safety. Furthermore, rising demand for luxury and high-tech
motorcycles is expected to propel the market growth in the forecast period. The
adoption of modern-day electronic techniques and devices has made the
automotive systems more reliable, accurate, and fuel-efficient. Globally,
motorcycle infotainment system market is predicted to generate massive revenue
over the forthcoming period, providing numerous opportunities for industry
participants to invest in research and development of motorcycle infotainment
system.
Growing competition in automotive sector with substantial
increase in the number of automotive original equipment manufacturers (OEMs),
dealers, and additional stakeholders inside the supply chain are anticipated to
drive market growth in the upcoming years. Integration of highly advanced
display, GPS tracker, software, and connectivity module is fostering the growth
of motorcycle infotainment system market over the coming years. The motorcycle
infotainment system allows motorcycle enthusiasts to navigate on unknown
routes. Advanced navigation system curbs the need to stops while searching for
right navigation.
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In addition, the rising competition in automotive sector has
led to instigate latest technology trends, ultimately influencing the market
growth further. Numerous market players are focusing on research and
development of advanced technologies such as holographic dashboard displays.
Automotive display system are part of in-vehicle display technologies that
ensure driver safety, and are expected to find space in variable vehicles
categories in upcoming years.
The motorcycle infotainment system market is broadly
categorized into two major segments based on the application type such as
motorcycles and trikes. Motorcycles segment is growing rapidly in the market
with substantial revenue generation in the last few years. Growing popularity
of infotainment system in motorcycles segment is attributed to the increasing
product penetration and availability of low cost solutions.
Asia-Pacific region is estimated to hold a major share in
the market with massive growth in forecast period. Countries such as India, China
and Singapore are leading the Asia-Pacific market with robust growth automotive
industry, rising personal disposable income, higher demand for luxury
motorcycles, and significant investment by leading industry players considering
potential growth opportunities in the region.
The key players in the motorcycle infotainment system market
are Alpine Electronics, Inc., Robert Bosch GmbH, Continental AG, Garmin Ltd.,
HARMAN International, Inc., and TomTom International, Inc.
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