Motorcycle Inertial Measurement Unit Sensors Market [+USD 767.6 Million Growth]

A motorcycle inertial measurement unit (IMU) sensor measures the acceleration, angular velocity, and attitude of a motorcycle. This data is used to improve the rider’s control of the motorcycle. IMU sensors are typically mounted on the frame of the motorcycle. The data collected by the IMU sensor is processed by a computer that uses algorithms to improve the rider’s control of the motorcycle. The IMU sensor can also be used to measure wheel slip and tire traction.

The global motorcycle inertial measurement unit sensors market is expected to grow from USD 272.4 Million in 2021 and reach USD 767.6 Million by 2030, at a CAGR of 12.5% during the forecast period (2021-2030).

The market is growing due to increasing demand for AHRS as OEMs place more emphasis on safety features, improving customer experience and INS system adoption. Additionally, there are a higher number of riders riding motorcycles because of their high disposable incomes and increased purchasing power in different regions like Latin America.

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Sensors that measure motorcycle’s inertial measurement unit (IMU), provide data on the movement and orientation of a motorbike. They can be an Attitude Heading Reference System(AHRS) or Inertial navigation Systems (INS). IMUs enable riders to avoid obstacles in their environment, detect motorcycles around them, monitor lean angles and improve cornering performance.

The latest market survey reports predict that the global Motorcycle Inertial Measurement Unit Sensors market will display excellent growth and record an admirable CAGR during the forecast period of the study i.e. 2022 to 2032. Here we have outlined the Motorcycle Inertial Measurement Unit Sensors Market based on extensive research regarding the major trends in the world. These industries are the highest-earning worldwide and grow quickly. In the next few years, this market has the potential to scale up by billions of dollars. One of the primary drivers expected to drive Motorcycle Inertial Measurement Unit Sensors market growth is the increased demand for Motorcycle Inertial Measurement Unit Sensors among businesses.

The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities. Specially, while talking about a major shift during the pandemic period, COVID-19 has been a terrible global public-health crisis that has affected nearly every industry. The industry’s growth will slow down in the future. Our ongoing research allows us to include COVID-19 topics in our research framework. The report provides insight into COVID-19, including changes in consumer behavior and buying patterns, rerouting and dynamics of current market forces and government intervention. The COVID-19 market impact is being examined, estimated, forecasted, and analyzed in the most recent study.

Let’s take a glimpse of it one after the other

As the world is moving forward to liberalization, privatization, and globalization, international commerce and perhaps corporate activity has grown worldwide. A high degree of competition exists among market players operating in the global Motorcycle Inertial Measurement Unit Sensors market. The market is dominated by a few major players and it is moderately consolidated. As well as new entrants in the Motorcycle Inertial Measurement Unit Sensors market. It focuses on recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches. Key manufacturers operating in the global market are:

Bosch Sensortec
Continental
Potential Vendors
Honeywell International Inc.
Texas Instruments
LORD Sensing Systems
Murata Manufacturing

What is New for 2022?

– Global competitiveness and key competitor percentage market shares

– Market presence across multiple geographies

– Complimentary updates for one year

Market: Segmentation Table

Product Type

Attitude and Heading Reference System (AHRS)
Inertial Navigation System (INS)

Application Insights

OEMs
Aftermarkets

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Regional Insights

North America (U.S., Canada, Mexico)

Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)

Asia-Pacific (China, Japan, India, Rest of APAC)

South America (Brazil and the Rest of South America)

The Middle East and Africa (UAE, South Africa, Rest of MEA)

Figure:

Frequently Asked Questions

Q1. What is the size of the Worldwide Motorcycle Inertial Measurement Unit Sensors market?

Q2. How has the Motorcycle Inertial Measurement Unit Sensors market evolved over the past four years?

Q3. Which are the major companies in the Motorcycle Inertial Measurement Unit Sensors market?

Q4. What are some prevailing market dynamics in the Motorcycle Inertial Measurement Unit Sensors market?

Q5. Which region, among others, possesses more significant investment opportunities in the near future?

Q6. What will the Asia-Pacific Motorcycle Inertial Measurement Unit Sensors market be?

Q7. What are the strategies opted by the leading players in this market?

Q8. What are the essential key challenges, opportunities and improvement factors for market players?

Q9. What are the segments of Motorcycle Inertial Measurement Unit Sensors market?

Q10.What is the sales forecast for Motorcycle Inertial Measurement Unit Sensors Market?

TOC Highlights:

Preface

This segment provides opinions of key participants, an audit of Motorcycle Inertial Measurement Unit Sensors industry, market outlook across key regions, financial services, and various challenges faced by Motorcycle Inertial Measurement Unit Sensors market. It briefly introduces the global Motorcycle Inertial Measurement Unit Sensors market. This section depends on the Scope of the Study and Report Guidance.

Executive Summary

It elaborated market outlook by segmentation in Motorcycle Inertial Measurement Unit Sensors market. In addition, it also represents the market snapshot covered in the report.

Motorcycle Inertial Measurement Unit Sensors Market Dynamics [driving factors +restraining factors + recent trends]

This section comprises current market dynamics in the Motorcycle Inertial Measurement Unit Sensors market. Such as key driving factors, major opportunities areas, restraining factors, & recent trends in Motorcycle Inertial Measurement Unit Sensors market. It also includes SWOT analysis and Porter’s five force analysis. This help to identify the key growth factors and challenges in the Motorcycle Inertial Measurement Unit Sensors market.

Global Motorcycle Inertial Measurement Unit Sensors market Analysis, Opportunity and Forecast

This chapter comprises the current scenario of the Global Motorcycle Inertial Measurement Unit Sensors market, including forecast estimation for 2023-2032.

Geographic Analysis

This section has covered in-depth regional market share analysis and carefully scrutinized it to understand its current and future growth, development, and demand scenarios for this market.

Covid-19 Impact

This section briefly describes the positive and negative impact of the COVID-19 Pandemic on the Global Motorcycle Inertial Measurement Unit Sensors Market.

Pricing Analysis

This chapter provides price point analysis by region and other forecasts.

Competitive Landscape

It includes major players in the Motorcycle Inertial Measurement Unit Sensors market. Moreover, it also covers the detailed company shares analysis in the report based on their product’s demand and market served, the number of products, applications, regional growth, and other factors.

Research Methodology

The research methodology chapter includes the following main facts,

– Coverage

– Secondary Research

– Primary Research

Conclusion

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