Global Motorcycle Sensors Market 2020-2024 | Increasing Use of Electronic Components Per Motorcycle to Boost Market Growth | Technavio
LONDON--(BUSINESS WIRE)--Feb 26, 2020--
The motorcycle sensors market is expected to grow by USD 10.49 billion during 2020-2024, according to the latest market research report by Technavio. Request a free sample report
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200226005419/en/
Technavio has announced its latest market research report titled Global Motorcycle Sensors Market 2020-2024 (Graphic: Business Wire)
The worldwide demand for powered motorcycles is on the rise. This demand is enabling the rapid electrification of mechanical components and is driving the adoption of ADAS in motorcycles. The primary goal of the automotive industry is an autonomous motorcycle electronically driven by onboard computers. This aim is directing the industry to adopt new technologies, and ADAS is the frontrunner in the space. Moreover, the rising adoption of high-performance electric motorcycles is also pushing demand for ABS, TPMS, and TCS. The increasing use of advanced electronic components is expected to increase the demand for motorcycle sensors, which, in turn, will drive the growth of the market during the forecast period.
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41397
As per Technavio, the growing demand for ceramic capacitive differential pressure sensors will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.
Motorcycle Sensors Market: Growing Demand for Ceramic Capacitive Differential Pressure Sensors
MEMS and ceramic capacitive technology are the prominent ones used in differential pressure sensors. However, the ceramic capacitive pressure sensors are becoming the first choice of many automotive OEMs, particularly for medium pressure range. The reason is attributed to the high sensitivity and low power consumption characteristic of the ceramic transducer. Additionally, the ceramic transducer is also stable against varying temperature, which is very important for automotive applications. Hence, automotive OEMs are preferring ceramic capacitive pressure sensors against other technologies. Additionally, ceramic transducer technology requires simple packaging, which saves the cost for the supplier further. Thus, the growing adoption of ceramic capacitive pressure sensors will drive the growth of the market during the forecast period.
“Factors such as the development of oxygen monitoring sensor to control air-fuel ratio, and the development of complete sensor box imbibing multiple degrees of freedom will have a positive impact on the growth of the motorcycle sensors market value during the forecast period,” says a senior analyst at Technavio.
Register for a free trial today and gain instant access to 17,000+ market research reports
Motorcycle Sensors Market: Segmentation Analysis
This market research report segments the motorcycle sensors market by type (process, position, motion and others), and geography (APAC, Europe, MEA, North America and South America).
The APAC region led the motorcycle sensors market in 2019, followed by Europe, North America, MEA and South America. During the forecast period, the APAC region is expected to register the highest incremental growth due to the high demand for performance motorcycles and off-road and sports bikes.
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.Request a free sample report
Some of the key topics covered in the report include:
- North America
- South America
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com:https://www.businesswire.com/news/home/20200226005419/en/
CONTACT: Technavio Research
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
INDUSTRY KEYWORD: PROFESSIONAL SERVICES CONSULTING
SOURCE: Technavio Research
Copyright Business Wire 2020.
PUB: 02/26/2020 11:30 AM/DISC: 02/26/2020 11:30 AM