Rising safety concerns, increasing government investments in solving safety issues coupled with growing consumer interest for premium motorcycles to drive global motorcycle ADAS market through 2025
According to TechSci Research report, “Global Motorcycle ADAS Market By System Type, By Demand Category, By Region, Competition, Forecast & Opportunities, 2025”, the global motorcycle ADAS market is anticipated to grow at a CAGR ofmore than 12% during 2015-2025, owing to a plethora of features offered by ADAS like auto stability control, cruise control, traction control, blind spot detection, among others. Increasing disposable income and stringent safety regulations in various major economies across the globe to increase traffic safety is fueling the growth of motorcycle ADAS system market across the globe. Several countries have made it mandatory for higher engine displacement motorcycles to be equipped with various ADAS safety systems like Traction Control System, Anti-Lock Braking System (ABS), etc.Nowadays, youth are increasing opting for motorcycles for adventure, sporting and travelling purposes in leisure time. Hence, consumers preference towards the motorcycle with higher engine capacity equipped with advanced safety features is fuelling the growth of motorcycle ADAS safety system market across the globe. However, poor road condition, weak GPS connection, poor driving discipline, improper lane marking and higher price of ADAS equipped motorcycles is restricting the growth of motorcycle ADAS market in developing countries.
