Global Motorcycle Advanced Driver Assistance System (ADAS) Mark

Gaarti04 May, 2021Legal

Based on vehicle type, the market is segmented into gasoline motorcycles and electric motorcycles. Gasoline motorcycles is the dominating segment in the motorcycle ADAS market with approximately 82% market share owing to the increasing production of motorcycles and increasing demand for technologically advanced cruise control of bike rides. Electric motorcycles are the fastest-growing segment in the market owing to increasing fuel prices and more and more manufacturers investing in the research and development of driver assistance systems. Furthermore, high adapting features of electric bikes to technical advancements in the system is the key driving factor for the motorcycle ADAS market during the forecast period. According to Hasqvarna, electric bikes are expected to account for approximately 3 billion USD up to the year 2025 owing to increasing development in bike technology and high gasoline fuel prices.