The motorcycle navigation system market share is set to post an incremental growth of USD 78.38 million, progressing at a CAGR of 4.53% during the forecast period. The market is concentrated and the vendors are engaging in continuous R&D to compete in the market. Technavios' research report provides a detailed understanding of the market focusing on the latest trends, and drivers that are likely to impact growth. This analysis will enable business leaders to strategize and plan for the further growth of their business. Unlock Free Sample Analysis Report
The motorcycle navigation system market is segmented by End-user (aftermarket and OEM) and Geography (Europe, North America, APAC, MEA, and South America).
Based on the market segmentation by end-user, the growth of the market in the aftermarket segment will be significant during the forecast period. By geography, factors such as high market adoption rate and the presence of leading automotive OEMs such as BMW Motorrad will drive the demand for the motorcycle navigation system market growth in Europe. 47% of the market's growth will originate from Europe during the forecast period. UK, Germany, Italy, and France are the key markets for motorcycle navigation system market in Europe.
The motorcycle navigation system market report provides a detailed analysis of all the segments, key trends, and challenges that are likely to influence growth.
The distraction by smartphones while riding is one of the primary factors that will drive the motorcycle navigation system market growth. However, the expensive motorcycle navigation system technology is one of the major challenges for the market vendors. The motorcycle navigation system market report provides a detailed study of this and all the other drivers that are likely to boost the market growth. This analysis will help the client to prepare for recovery and growth post the havoc caused by the pandemic.
The market is concentrated due to the presence of several players. BMW Group, Garmin Ltd., MiTAC Holdings Corp., Polaris Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., SW-MOTECH GmbH and Co. KG, and TomTom International BV are some of the major motorcycle navigation system market vendors.
The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
The research report provides insights into the top market player and their product portfolio along with pipeline analysis of upcoming developments and growth opportunities. Download the Free PDF Sample Report