Global motorcycle sensors market forecast

August 23, 2017 // By Rich Pell
A new report from market research firm TechNavio predicts that the global motorcycle sensors market will grow at a compound annual growth rate (CAGR) of more than 13% by 2021.

Sensor types covered in the report include process, position, and motion sensors, with process sensors - which are used to monitor temperature and pressure across all application areas in a vehicle - currently accounting for the major share of the market. A major factor driving the motorcycle sensors market going forward, the report says, will be a rising adoption of advanced safety and comfort systems in the industry and the consequent increasing integration of advanced electronics.

"E-mobility capabilities of OEMs will become critical in sustaining competition because future innovation in the automotive industry will hinge on electronics and software," says Amey Vikram, a lead automotive electronics analyst from TechNavio. "The growing dependence on sensor and radar based systems is one of the major reasons driving the global motorcycle sensor market."

Advancements in technology will result in development of improved systems in motorcycles, the report predicts, especially in the areas of powertrain, safety, comfort, and convenience. One of the latest trends that TechNavio expects will gain traction in the motorcycle sensors market is an increasing demand for ceramic capacitive differential pressure sensors - as compared to MEMS sensors - due to their high sensitivity and low power consumption.

The report identifies the top five leading vendors in the global motorcycle sensors market as Sensata Technologies (Attleboro, MA), Continental (Hanover, Germany), Delphi Automotive (Gillingham, UK), DENSO (Kariya, Aichi Prefecture, Japan), and Robert Bosch (Stuttgart, Germany). Other prominent vendors mentioned include Avago, GE Measurement & Control Solutions, Hamamatsu, Hitachi Automotive Systems Americas, Hyundai KEFICO, Infineon, Murata, Panasonic, STakata, and ZF TRW.

In terms of geographic regions, the report covers the Americas; Asia Pacific (APAC); and Europe, the Middle East and Africa (EMEA). The Americas is expected to be the major revenue contributor to the motorcycle sensors market throughout the forecast period, in large part due to increased market penetration of - and demand for - performance and sports motorcycles in the region.

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