DUBLIN--(BUSINESS WIRE)--The "Global Motorcycle Instrument Cluster Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The global motorcycle instrument cluster market is projected to grow at a CAGR of 5.96% during the period 2019-2023.

One trend in the market is multilayer displays enabling further developments in digital instrument cluster. The 3D graphics interfaces are gaining popularity among customers as they allow a more precise view of the cluster information. The more realistic the 3D graphics are, the greater the customer satisfaction. Therefore, vendors are working continuously to develop displays that allow realistic 3D graphics, and this is the crucial driver for the adoption of digital instrument cluster in the automotive market.

According to the report, one driver in the market is increasing congestion and overcrowding in cities, driving motorcycle sales. The demand for motorcycles is expected to increase globally during the forecasted period, which would drive the market for the instrument clusters. APAC contributes to more than 85% of the global motorcycle sales. Motorcycles are a convenient alternative to public transportation in this region and widely used for business activities such as urban logistics and food delivery.

Further, the report states that one challenge in the market is unpopularity among motorcycle enthusiasts. Motorcycling is considered more than just a means to commute in many regions of the world. It is perceived as a lifestyle option, which is reflected through various rider groups and communities globally. The Harley Owners Group is one of the largest motorcycle communities and is the fastest-growing group of its kind.

Market Trends

  • Multilayer Display Enabling Further Developments in Digital Instrument Cluster
  • Adoption of Infotainment System and Multi-Information Display in Motorcycles
  • V2V and Smartphone Technologies Pushing Development of Smart Infotainment System

Key Vendors

  • Bosch
  • Continental
  • Nippon Seiki
  • Visteon Corporation

Topics Covered

1. Executive Summary

2. Scope of the Report

3. Market Landscape

4. Market Sizing

5. Five Forces Analysis

6. Market Segmentation by Type

7. Customer Landscape

8. Geographic Landscape

9. Decision Framework

10. Drivers and Challenges

11. Market Trends

12. Vendor Landscape

13. Vendor Analysis

  • Bosch
  • Continental
  • Nippon Seiki
  • Pricol
  • Visteon Corporation

For more information about this report visit https://www.researchandmarkets.com/research/3s3qb9/global_motorcycle?w=4

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Related Topics: Motorcycles, Telematics and Vehicle Electronics