NEW
YORK, July 8, 2024 /PRNewswire/ -- The
global motorcycle instrument cluster market size is
estimated to grow by USD 270.8
million from 2024-2028, according to Technavio. The market
is estimated to grow at a CAGR of 4.02% during the
forecast period. economies of scale benefits owing to
declining prices of LCD/TFT displays is driving market
growth, with a trend towards multilayer displays enabling
further developments in digital instrument clusters.
However, unpopularity of instrument clusters among motorcycle
enthusiasts poses a challenge. Key market players include
Comoto Holdings Inc., Continental AG, Dakota Digital Inc., JPM
Group, Koso North America, Marelli
Holdings Co. Ltd., Microchip Technology Inc., motogadget GmbH, MTA
Spa, Nippon Seiki Co. Ltd., NXP Semiconductors NV, Qt Group, Robert
Bosch GmbH, Suprajit Engineering Ltd., Texas Instruments Inc.,
TRAIL TECH, Valeo SA, Visteon Corp., Volkswagen AG, and Yazaki
Corp..
![Technavio has announced its latest market research report titled Global motorcycle instrument cluster market 2024-2028 Technavio has announced its latest market research report titled Global motorcycle instrument cluster market 2024-2028](https://mma.prnewswire.com/media/2454440/IRTNTR45637_bw_info_v4.jpg)
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Motorcycle
Instrument Cluster Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
4.02%
|
Market growth
2024-2028
|
USD 270.8
million
|
Market
structure
|
Concentrated
|
YoY growth 2022-2023
(%)
|
3.61
|
Regional
analysis
|
APAC, North America,
Europe, South America, and Middle East and Africa
|
Performing market
contribution
|
APAC at 69%
|
Key
countries
|
China, India, US,
Indonesia, and Canada
|
Key companies
profiled
|
Comoto Holdings Inc.,
Continental AG, Dakota Digital Inc., JPM Group, Koso North America,
Marelli Holdings Co. Ltd., Microchip Technology Inc., motogadget
GmbH, MTA Spa, Nippon Seiki Co. Ltd., NXP Semiconductors NV, Qt
Group, Robert Bosch GmbH, Suprajit Engineering Ltd., Texas
Instruments Inc., TRAIL TECH, Valeo SA, Visteon Corp., Volkswagen
AG, and Yazaki Corp.
|
Market Driver
The motorcycle instrument cluster market is experiencing a shift
towards 3D graphics interfaces due to their increased precision and
customer satisfaction. Vendors are focusing on developing realistic
3D graphics displays, with multilayer technology being the latest
addition. Visteon, a prominent vendor, has introduced a multilayer
display that stacks two high-resolution displays, creating a sense
of depth without the need for glasses. This innovation was
well-received during its unveiling at CES 2017, as users preferred
the 3D graphics experience over traditional flat displays. The
unique selling point of this technology is the ability to provide
3D graphics without the need for glasses, expanding its appeal to a
wider customer base and driving growth in the motorcycle instrument
cluster market.
The Motorcycle Instrument Cluster market is witnessing
significant trends with the integration of smartphone connectivity.
Manufacturers are focusing on producing Digital and Hybrid
Instrument Clusters with LCD and TFT displays, offering advanced
graphics, tuning, and sensors. Premium and Mid-Premium motorcycle
segments lead the market, while Commuter segment follows. CPUs and
ergonomic designs ensure comfort and connectivity functions like
phone calls, messages, music, and smartphone apps. Wi-Fi, GPS,
Navigation, and Safety features are becoming essential. Analog
Instrument Clusters continue to coexist, with indicators, gauges,
and sensors. Motorcycle production volumes drive the demand for
Connected Motorcycle technology. Price sensitivity remains a key
factor.
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Market Challenges
- The motorcycle instrument cluster market faces uncertainty due
to the divide among motorcycle enthusiasts regarding the acceptance
of advanced technologies. While some embrace innovations like
throttle mapping and enhanced braking for improved safety, others
believe these features dilute the raw riding experience. The Harley
Owners Group, a prominent motorcycle community, represents this
perspective. The challenge for market growth lies in winning over
the skeptics and striking a balance between technology and
tradition.
- The Motorcycle Instrument Cluster market faces several
challenges. Indicators and gauges like speedometer, RPM, fuel
gauge, temperature gauge, and battery voltage indicators are
essential for riders. However, motorcycle production volumes and
price sensitivity impact market growth. Connected Motorcycle
technology, including GPS, navigation, safety features, and
Bluetooth, is driving demand. OEMs and aftermarket players offer
digital instrument panels, dashboard-type devices, and high-tech
instrument panels with touchscreens and digital displays.
Motorcyclists seek personalized features, high resolution, and
full-color TFT displays. Motorbike construction, state-of-the-art
technology, and fun-to-ride experience are also crucial factors.
Challenges include screen malfunctions, compatibility issues, and
the integration of advanced safety technologies like crash warning
systems and adaptive cruise control. Electric motorcycles and their
specific instrumentation requirements present additional
challenges.
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challenges - Request a sample report!
Segment Overview
This motorcycle instrument cluster market report extensively
covers market segmentation by
- End-user
- 1.1 Automotive
- 1.2 Construction and mining
- 1.3 Others
- Type
- 2.1 Hybrid
- 2.2 Digital
- 2.3 Analog
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Automotive- The automotive sector, a major
end-user, is leading the growth of the global motorcycle instrument
cluster market. Manufacturers like Yamaha and BMW Motorrad are at
the forefront, producing advanced and user-friendly clusters with
features such as GPS navigation, smartphone connectivity, and
enhanced diagnostics. These benefits include improved safety,
seamless communication, and real-time information for riders.
Strict government regulations, including Bharat Stage VI in
India and Euro 5 in Europe, necessitate the use of advanced
instrument clusters. These regulations demand better display and
warning systems for compliance with safety and emission standards.
The automotive segment, represented by companies like Yamaha and
BMW Motorrad, will significantly contribute to the expansion of the
global motorcycle instrument cluster market due to continuous
technological advancements and the increasing popularity of
motorcycles worldwide.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Motorcycle Instrument Cluster Market encompasses various
indicators and gauges designed to enhance the riding experience for
motorcyclists. These include essential components like an odometer
for tracking mileage, speedometer for monitoring speed, tachometer
for measuring engine RPM, fuel gauge for managing fuel levels, and
temperature gauge for engine temperature. Advanced instrument
clusters feature digital displays, touchscreens, and connectivity
options such as Bluetooth, GPS navigation, and GPS. Motorcycle
production volumes continue to rise, driving demand for high-tech
instrument panels that offer personalized features and real-time
information. Analog gauges remain popular, but the trend is
shifting towards more advanced, dashboard-type devices with
high-resolution digital displays and integrated sensors.
Motorcyclists seek improved functionality and convenience, making
the Motorcycle Instrument Cluster Market an exciting and dynamic
space for innovation.
Market Research Overview
The Motorcycle Instrument Cluster market encompasses a range of
indicators and gauges designed to enhance the riding experience.
These include Speedometer, Tachometer, Odometer, Fuel gauge,
Temperature gauge, Battery voltage indicators, and various analog
and digital displays. Motorcycle production volumes continue to
grow, fueled by the increasing popularity of connected motorcycles
equipped with GPS, navigation, safety features, and smartphone
connectivity. Price sensitivity varies across commuter, OEM, and
aftermarket segments. Digital instrument panels, including
dashboard-type devices and high-resolution TFT displays, are
becoming increasingly common. Motorbike makers offer personalized
features and state-of-the-art technology, such as touchscreens,
digital displays, connectivity, Bluetooth, GPS navigation, safety
technologies like crash warning systems and adaptive cruise
control, and ergonomic designs. The market caters to various bike
types, including electric motorcycles, and continues to evolve with
advanced instrumentation and riding experience enhancements.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- End-user
-
- Automotive
- Construction And Mining
- Others
- Type
-
- Geography
-
- APAC
- North America
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses 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.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio