Global Motorcycle Jacket Turn Light Indicator Market 2017-2021
About Motorcycle Jacket Turn Light Indicator
Turn light indicators (TLIs) have been around since the 1960s. Large carbon filament bulbs were used in the earlier versions of the TLIs. The miniaturization of the lighting systems and related circuitry has led to advances in applications of electrical lighting. Miniature light-emitting diode (LED) lights are extensively used in automotive applications. These lights are energy-efficient and require less voltage of current to operate.
Technavio’s analysts forecast the global motorcycle jacket turn light indicator market to grow at a CAGR of 15.72% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global motorcycle jacket turn light indicator market for 2017-2021. To calculate the market size, the report considers the replacement, first-time, and repeat buyers.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Motorcycle Jacket Turn Light Indicator Market 2017-2021
Technavio recognizes the following companies as the key players in the global motorcycle jacket turn light indicator market: Lumenus, Ryde Bright, Visijax, and CladLight
Other Prominent Vendors in the market are: Neon Moto and LED Clothing Studio.
Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Smart jacket technology. The jacket technology is advancing to smart jacket level. Smart jacket is a similar product to smart seat, which is a trend in autonomous vehicles. The smart jacket module will display a certain level of intelligence to track human body gestures and conditions such as heartbeat, body temperature, movement of body parts, and emergency alert system. The smart jacket will support a wireless transmitter for connectivity, accelerometer, electric adaptor for transmitting signals to LED, heartbeat monitoring, temperature sensors, and an intelligent circuit board for system integration. It is clear that with high number of jacket features, it will be an attractive product in the market. This will generate demands for optimized technology of motorcycle jacket turn light indicator.”
According to the report, one of the major drivers for this market is TLI jacket strap-on is cheap and has flexibility to be used in many applications . The TLI jacket strap-on affordable, the price of the product ranges from $5 to $35 and increases the visibility of the rider significantly. The jacket is sleek, lightweight, and cost-effective, and can be worn on any clothing without any issues. It can be used for multiple purposes as a commuter jacket or for cycling during low visibility hours. The jackets have great potential to grow in the developing nations as they can be attracting wearable smart technologies for motorcycle enthusiasts and daily commuters. India, which is a developing nation, holds a sales volume of 16 million motorcycles. China has a sales volume of 7 million units and Vietnam about 5 million units in 2016, these figures signify the immense potential of APAC.
Further, the report states that one of the major factors hindering the growth of this market is Product availability and limited number of manufacturers. The technology is just starting to take shape for open market business, the first patent was not released until 2004 and used most of the technology available during that time. Since then, the technology for smart and intelligent device has evolved significantly. The low product visibility and awareness in the market and among the consumers is one of the concerns. The validated and verified product is not available globally in the current safety gear market. There are just a few global manufacturers producing jacket TLI systems.
Lumenus, Ryde Bright, Visijax, CladLight, Neon Moto and LED Clothing Studio.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook