The advancement in the Internet of Things and the wide application of sensors has pushed forward the growth of the Motorcycle Sensors Market.
Covid-19 Impact & Market Status
Initially, COVI-19 had a severe impact on the growth of the motorcycle sensors market because, with the imposition of lockdown, people started less travelling. This caused a great loss to the motorcycle sensors market because due to less transportation, people didn’t buy motorcycles or had their maintenance checked, hence, there was no use of motorcycle sensors at all. This impacted the global motorcycle sensors market by causing its progress bar to face a downward trend.
After lockdown, things started o fall back on their initial or pre-lockdown phase. It is expected that by the end of the forecast period, the motorcycle sensors market will fully regain its pre-lockdown state and the motorcycle sensors market of some countries like North America and Europe will show a significant increase.
New Safety Features to Accelerate Adoption
Due to its high mileage and low cost as compared to a car, motorcycles have been one of the cheap and most preferred means of transportation. Most of the people belonging to a middle-class family are able to afford one or the other kind of motorcycle. This helps them to commute easily. Therefore, proper quality checks and maintenance support are essential for motorcycles.
By the end of the forecast period, motorcycles will become an essential transportation option increasing the sales of the global market. Therefore, people are trying to have a proper platform or device to check the safety and other features of motorcycles to enhance their working.
North America- the Leader of the Motorcycle Sensors Market.
Due to the increase in technical development and high-quality designers and manufacturing team, North America is rapidly increasing its sales of motorcycle sensors and in the coming years, the chances of North America becoming one of the leading companies in this field is maximum.
The increase in demand for sensors and other electronic equipment has expanded the opportunities for motorcycle sensors.
As the usage of motorcycles is growing rapidly, it is necessary to check the performance and maintenance criteria of these goods. For better performance, the motorcycle should emit less pollution, have high mileage, have proper safety features. Comfortable seating, and much more. All these tasks cannot be performed manually. If one was to analyze these tasks, then he has to cover a wide number of motorcycle and this would take a large amount of time because it is not possible for a team to do such analysis quickly. Also, there are some features, like mileage check, which cannot be done manually. All these things demand a proper analysis mechanism that could yield precise results.
The CAGR (Compound Annual Growth Rate) of the global Motorcycle Sensors market is expected to be 12.47% with increased market size of USD 10.49 Billion.
The Internet of Things (IoT), has brought wide applications of sensors. These sensors are also used to check the performance and quality measures of the motorcycle. The analyze the working of the motorcycle and generate output that provides the fuel consumption level, gas emission level, mileage check, comfort features, safety levels, and much more. The sensor technology is continuously improving that will allow us to detect and analyze more features of motorcycles. This ensures proper quality check of the motorcycle and the data generated is of high precision. This also reduces manual efforts and automates the process.
These features make sensors one of the best options for quality checks and other maintenance feature analysis of the motorcycles but they have their limitations also. To check any particular feature like gas emission or fuel consumption, we need to tune the parameters of these sensors accordingly. Though this may sound simple, it is not. Different motorcycles have different tunning ranges and parameters depending on their structure, hardware, and other things. So, tuning of the sensors should be done properly so that they can perform their operation well. Also, for different feature checks, we need different types of sensors. This calls for an integrated platform or tool for checking motorcycle performance.
The air to fuel ratio is one of the major quantitative features that the companies are trying to achieve through the use of sensor technology. The aim is to make and tune the sensor in such a way that it will generate the air to fuel or fuel to air ratio that the motorcycle is having. This is further used in calculating the gas produced, milage, and other qualitative features of the motorcycle.
America, Asia Pacific, and Europe are the leading users of sensor technology for qualitative analysis of the motorcycle. They are continuously trying to reach a satisfactory level in terms of the precision of the outputs generated by these sensors. Also, they are trying to integrate these sensors so that most of the checking can be done through a common platform. This will require proper tuning and parameter setting of the integrated sensor's environment. Though this is a complicated task it has the potential to increase the scope of the motorcycle sensors market by multiple folds. In this way, the use of advancements and developments in the Internet of Things (IoT), has brought progress in the field of checking and verification.
The safety of the motorcycle rider is of the utmost importance. Hence, we need to check it and the analysis process should be effective and efficient. Also, we cannot rely on manual checks for this because it is not possible, feasible, and safe for the tester. Therefore, sensor technology has brought significant improvement in this field. The precision level and analysis techniques are highly data-dependent and this gives a sense of assurity to the tester and user that the product that is manufactured or used is of high quality and safety. This is an essential task.
The major players of the global motorcycle sensors market are Texas Instruments Inc., Amphenol Corp., TDK Corp., Continental AG, Sensata Technologies Holdings Plc, DENSO Corp., Robert Bosch GmbH, HELLA GmbH & Co KGaA, NXP Semiconductors NV, Delphi Automotive, Gill Sensors and Controls, Hitachi Automotive Systems America, Takata, Tenneco, ZF TRW, Panasonic, Hyundai KEFICO, Hamamatsu, Faurecia, Avago, CTS, Bourns, Murata, NGK Spark Plug, Stoneridge, and Infineon Technologies AG.
These companies are trying their best to meet the demands of the users. They have high-end implementation and integration techniques that are continuously being improvised to achieve greater customer satisfaction levels.
Latest Innovations in the Global Motorcycle Sensors Market: a Snapshot
- Harley Davidson is in the development of electric motorcycles which will require high-end sensors for their quality and features checks.
Motorcycle Sensors Market Scope
|Forecast Unit||Value (USD)|
|Revenue forecast in 2028||USD 10.49 billion billion|
|Growth Rate||CAGR of 12.47% during 2021-2028|
|Segment Covered||Type, Application, Sensor Type, Engine Type, Regions|
|Regions Covered||North America, Europe, Asia Pacific, Middle East and Africa, South America|
|Key Players Profiled||Texas Instruments Inc., Amphenol Corp., TDK Corp., Continental AG, Sensata Technologies Holdings Plc, DENSO Corp., Robert Bosch GmbH, HELLA GmbH & Co KGaA, NXP Semiconductors NV, Delphi Automotive, Gill Sensors and Controls, Hitachi Automotive Systems America, Takata, Tenneco, ZF TRW, Panasonic, Hyundai KEFICO, Hamamatsu, Faurecia, Avago, CTS, Bourns, Murata, NGK Spark Plug, Stoneridge, and Infineon Technologies AG.|
Key Segments of the Global Motorcycle Sensors Market
Type Overview, 2018-2028 (USD Billion)
Application Type, 2018-2028 (USD Billion)
Sensor Type Overview, 2018-2028 (USD Billion)
Engine Type Overview, 2018-2028 (USD Billion)
- Upto 500cc
- 150cc - 300cc
- 301cc - 500cc
- Above 500cc
Regional Overview, 2018-2028 (USD Billion)
- Rest of Europe
- Rest of Asia Pacific
- Rest of South America
The Middle East and South Africa