SAN FRANCISCO, June 28, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Motorcycle Advanced Rider Assistance System (ARAS) – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
FACTS AT A GLANCE
What’s New for 2022?
- Global competitiveness and key competitor percentage market shares
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Edition: 8; Released: January 2022
Executive Pool: 563
Companies: 46 – Players covered include BMW AG; Continental AG; Honda Motor Co., Ltd.; Robert Bosch GmbH; ZF Friedrichshafen AG and Others.
Coverage: All major geographies and key segments
Segments: Segment (ABS, CC, TCS, Other Segments)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.
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Gobal Motorcycle Advanced Rider Assistance System (ARAS) Market to Reach 84 Million Units by 2026
Amid the COVID-19 crisis, the global market for Motorcycle Advanced Rider Assistance System (ARAS) estimated at 28.2 Million Units, is projected to reach a revised size of 84 Million Units by 2026, growing at a CAGR of 19.8% over the analysis period. ABS, one of the segments analyzed in the report, is projected to record a 19% CAGR and reach 59.5 Million Units by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the CC segment is readjusted to a revised 22% CAGR for the next 7-year period.
The U.S. Market is Estimated at 10.3 Million Units in 2021, While China is Forecast to Reach 14.6 Million Units by 2026
The Motorcycle Advanced Rider Assistance System (ARAS) market in the U.S. is estimated at 10.3 Million Units in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of 14.6 Million Units by the year 2026 trailing a CAGR of 19.1% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.6% and 17.2% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.6% CAGR.
TCS Segment to Reach 11.7 Million Units by the year 2026
In the global TCS segment, USA, Canada, Japan, China and Europe will drive the 20.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of 3 Million Units will reach a projected size of 11.1 Million Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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SOURCE Global Industry Analysts, Inc.
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