Motorcycle Instrument Cluster Market Size to grow by USD 270.8 million between 2024-2028
According to a research report “ Motorcycle Instrument Cluster Market” by End-user (Automotive, Construction and mining, Others) Type (Hybrid, Digital, Analog) Geography (APAC, North America, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 270.8 million, at a CAGR of 4.02% during the forecast period. In the motorcycle instrument cluster market, hardware costs are a significant concern for original equipment manufacturers (OEMs) in the two-wheeler and automotive industries. The adoption of new technology in consumer electronics, such as LCD panels in smartphones, has led to a decrease in their prices. This price reduction benefits the industries related to HMI systems, enabling OEMs to implement advanced technologies in a cost-effective manner. Furthermore, smartphones incorporate technologies like graphics, haptics, and speech recognition, which are utilized in both display- and non-display-based HMI systems. These advancements not only enhance the user experience but also contribute to reducing overall production costs.
Browse market data tables, figures, and in-depth TOC on “Motorcycle Instrument Cluster Market” by End-user (Automotive, Construction and mining, Others) Type (Hybrid, Digital, Analog) Geography (APAC, North America, Europe, South America, Middle East and Africa) Global Forecast to 2028. Download Free Sample
By End-user, the Automotive segment is projected to dominate the market size in 2024
In the realm of motorcycle technology, the hybrid instrument cluster represents a fusion of analog and digital components. This configuration offers the benefits of both worlds, with the analog portion featuring essential indicators such as the tachometer, speedometer, and fuel gauge. Conversely, the digital component, comprised of a liquid crystal display (LCD) or thin-film transistor (TFT) panel, or organic LED (OLED), delivers additional data like temperature and navigation. Pre-defined information on the digital display is non-modifiable, ensuring consistency with the manufacturer's system configuration. The user can, however, customize the display to prioritize certain information, creating a personalized riding experience.
By Type, Hybrid segment is expected to hold the largest market size for the year 2024
The global motorcycle instrument cluster market is experiencing robust growth, primarily driven by the automotive sector, which is a significant end-user. The automotive industry's relentless pursuit of technological advancements and the integration of smart technologies into motorcycles have significantly increased the demand for sophisticated instrument clusters. Leading manufacturers, such as Yamaha and BMW Motorrad, are at the forefront of creating advanced and user-friendly clusters, offering expanded functionalities like GPS navigation, smartphone connectivity, and advanced diagnostics. These clusters provide riders with enhanced safety features, seamless communication, and real-time information. Moreover, stringent government regulations, such as the Bharat Stage VI norms in India and the Euro 5 emission standards in Europe, have compelled motorcycle manufacturers to incorporate technologically advanced instrument clusters to meet these mandates.
APAC is forecasted to hold the largest market size by region in 2024
The Motorcycle Instrument Cluster market is experiencing significant growth due to the increasing demand for advanced technology integration in two-wheelers. Manufacturers are prioritizing the development of innovative and feature-rich instrument clusters to cater to consumer preferences. These clusters not only provide essential information like speed and fuel level but also offer features like Bluetooth connectivity, navigation, and real-time vehicle diagnostics. This trend is expected to continue, with the market projected to reach substantial growth in the upcoming years.
The Motorcycle Instrument Cluster Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:
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Research Analysis Overview
The Motorcycle Instrument Cluster Market is witnessing significant growth due to the increasing demand for high-tech instrument panels from motorcyclists. These advanced instrument clusters come with various displays, personalized features, and connectivity options that enhance the riding experience. Bike makers are incorporating GPS navigation, Bluetooth, and other connected Motorcycle technology into their dashboard-type devices. Digital displays with touchscreens are becoming increasingly popular, providing motorcyclists with real-time information on engine temperature, fuel level, RPM, speed, and battery voltage indicators. Traditional analog gauges for temperature, fuel, and tachometer are still in use but are gradually being replaced by their digital counterparts. Moreover, the market for motorcycle instrument clusters is expected to grow with the increasing motorcycle production volumes. These advanced instrument clusters offer features such as GPS, odometer, and indicators for various warning signals. The integration of these features into motorcycle instrument clusters is expected to provide a more enjoyable and safer riding experience for motorcyclists.
Market Research Overview
The Motorcycle Instrument Cluster Market is witnessing significant growth due to the integration of advanced display technology, ergonomic designs, and connection features. Motorbike manufacturers are focusing on state-of-the-art technology to enhance the riding experience. Instrumentation in automotive electronics is evolving from traditional analog gauges to digital instrument clusters with TFT displays and high-resolution LCD screens. Smartphone connectivity is a key trend, with features such as Wi-Fi, Bluetooth, GPS navigation, music, messages, and phone calls. Comfort is another priority, with CPUs and sensors tuning displays for optimal visibility in various lighting conditions. Ergonomic designs ensure easy access to information, while safety technologies like adaptive cruise control and crash warning systems are becoming standard. Bike makers cater to different segments, including commuter, mid-premium, and premium motorcycles. Hybrid instrument clusters offer a mix of digital and analog displays, while full-color TFT displays provide personalized features. The aftermarket also offers various options for OEM and aftermarket digital instrument panels. Price sensitivity and safety features influence motorcycle production volumes, with battery voltage indicators, temperature gauges, fuel level indicators, RPM, speedometer, odometer, and other gauges and indicators remaining essential.
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