Motorcycle Inertial Measurement Unit Sensor Market Size 2030

Segments - Motorcycle Inertial Measurement Unit Sensor Market by Types (Super-sport Motorcycles and Other Heavyweight Motorcycles), Applications (OEM and Aftermarket), and Regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

Author : Akash Vedpathak

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The global motorcycle inertial measurement unit sensor market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising awareness about the product coupled with rising disposable income. Moreover, ongoing advancement in IMU manufacturing technologies are driving the market growth.

Motorcycle Inertial Measurement Unit Sensor Market Key Takeaways

An inertial measurement unit is an electronic device that is typically used in automotive applications. It measures and reports a vehicle's specific force (non-gravitational force per unit mass), angular velocity, and changes in the magnetic field surrounding the vehicle or specific parts of the vehicle.

Motorcycle inertial measurement unit sensors are used for increasing the stability of a motorcycle by integrating controls, such as lift-up control and traction control and to provide a safer riding experience.

Inertial Sensing Systems are the measurement systems which measures velocity, gravitational force and orientation of a moving object. These includes drones, planes, ships and others. These systems are used in Artificial Intelligence to reach the destination without any digital interference

Market Trends, Drivers, Restraints, and Opportunities:

Declining in the average selling price (ASP) of micro-electro-mechanical system gyroscopes and accelerometers is one of the major drivers that are contributing to the growth of the global motorcycle inertial measurement unit systems market.
Leading vendors are heavily investing in the R&D activities, which is expected to augment the motorcycle inertial measurement unit sensor market growth.
The presence of alternatives and upcoming substitutes can hinder the market growth. For instance, the easy availability of throttle position center sensors can curb the potential of the market to gain more customer base.
The outbreak of COVID-19 has negatively impacted the motorcycle inertial measurement unit market. However, the market is anticipated to recover soon.
Rising adoption of micro-electro-mechanical system technologies in motorcycle sensors is anticipated to propel the market growth.

Scope of the Report

The report on the global motorcycle inertial measurement unit sensor market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Motorcycle Inertial Measurement Unit Sensor Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2020
Historic Data	2018–2019
Forecast Period	2021–2028
Segmentation	Types (Super-sport motorcycles and Other Heavyweight Motorcycles) and Applications (OEM and Aftermarket)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Bosch Sensortec, Continental, Honeywell International Inc, Texas Instruments, LORD Sensing Systems, and Murata Manufacturing.

Motorcycle Inertial Measurement Unit Sensor Market Segment Insights:

Super-sport motorcycles segment to grow at a rapid pace
Based on types, the market is divided into super-sport motorcycles and other heavyweight motorcycles. The super-sport motorcycles segment is anticipated to account for a key share during the forecast period and is anticipated to grow at a steady rate during the forecast period. However, the other heavyweight motorcycles segment is expected to grow at a healthy CAGR during the forecast period. Rising number of bike riders opting for heavy motorcycles for long trips is driving the segment growth.

Motorcycle Inertial Measurement Unit Sensor Market By Types

Aftermarket segment to account a major market share
Based on applications, the market is divided into OEM and aftermarket. The aftermarket segment is anticipated to account for a major share due to rising demand for inertial unit sensor aided navigation systems and vertical reference units. It is used in various applications such as stabilization of payloads, ground robotics, and pedestrian navigation.

North America to account a large market share
On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America to account for a large market share during the forecast period. The presence of major motorcycle manufacturers and high purchasing power in countries such as the US and Canada are driving the regional market growth. However, Asia Pacific region is expected to register substantial growth in global motorcycle inertial measurement unit sensor market.

Motorcycle Inertial Measurement Unit Sensor Market By Regions

Segments

Segments Covered in the Report
The global motorcycle inertial measurement unit sensor has been segmented on the basis of

Types

Super-Sport Motorcycles
Other Heavyweight Motorcycles

Applications

OEM
Aftermarket

Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

Key Players

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

Competitive Landscape

The major players of the market are Bosch Sensortec, Continental, Honeywell International Inc, Texas Instruments, LORD Sensing Systems, and Murata Manufacturing.

Companies are focusing on R&D activities and are engaging in partnerships, mergers, and acquisitions to expand their market share.

Motorcycle Inertial Measurement Unit Sensor Market By Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Motorcycle Inertial Measurement Unit Sensor Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Motorcycle Inertial Measurement Unit Sensor Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Motorcycle Inertial Measurement Unit Sensor Market - Supply Chain
  4.5. Global Motorcycle Inertial Measurement Unit Sensor Market Forecast
     4.5.1. Motorcycle Inertial Measurement Unit Sensor Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Motorcycle Inertial Measurement Unit Sensor Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Motorcycle Inertial Measurement Unit Sensor Market Absolute $ Opportunity
5. Global Motorcycle Inertial Measurement Unit Sensor Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Motorcycle Inertial Measurement Unit Sensor Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Motorcycle Inertial Measurement Unit Sensor Demand Share Forecast, 2019-2026
6. North America Motorcycle Inertial Measurement Unit Sensor Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Motorcycle Inertial Measurement Unit Sensor Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Motorcycle Inertial Measurement Unit Sensor Demand Share Forecast, 2019-2026
7. Latin America Motorcycle Inertial Measurement Unit Sensor Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Motorcycle Inertial Measurement Unit Sensor Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Motorcycle Inertial Measurement Unit Sensor Demand Share Forecast, 2019-2026
8. Europe Motorcycle Inertial Measurement Unit Sensor Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Motorcycle Inertial Measurement Unit Sensor Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Motorcycle Inertial Measurement Unit Sensor Demand Share Forecast, 2019-2026
9. Asia Pacific Motorcycle Inertial Measurement Unit Sensor Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Motorcycle Inertial Measurement Unit Sensor Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Motorcycle Inertial Measurement Unit Sensor Demand Share Forecast, 2019-2026
10. Middle East & Africa Motorcycle Inertial Measurement Unit Sensor Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Motorcycle Inertial Measurement Unit Sensor Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Motorcycle Inertial Measurement Unit Sensor Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Motorcycle Inertial Measurement Unit Sensor Market: Market Share Analysis
  11.2. Motorcycle Inertial Measurement Unit Sensor Distributors and Customers
  11.3. Motorcycle Inertial Measurement Unit Sensor Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. Bosch Sensortec
     11.4.2. Continental
     11.4.3. Honeywell International Inc
     11.4.4. Texas Instruments
     11.4.5. LORD Sensing Systems
     11.4.6. Murata Manufacturing