Global Motorcycle Navigation System Market 2018-2022
About Motorcycle Navigation System
Motorcycle navigation system is a device that receives information from the GPS and determines the geographical position of the motorcycle. It can display the position on a map and show directions by using suitable software. Motorcycle navigation system uses a digital map, which is a database of a geographical structure that shows the road network and general information on the device.
Technavio’s analysts forecast the global motorcycle navigation system market will register a revenue of close to USD 250 million by 2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global motorcycle navigation system market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Motorcycle Navigation System Market 2018-2022
Technavio recognizes the following companies as the key players in the global motorcycle navigation system market: Garmin, MiTAC Holdings, and TomTom International.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is introduction of new and advanced features. In the recent times, there has been continuous development of motorcycle navigation systems due to the need for better performance and enhanced features. The adoption of smart technologies in the motorcycle segment is driven by the growing demand for motorcycles which are fully connected to achieve the highest level of safety through V2X communication.”
According to the report, one driver in the market is distraction by smartphones while riding is pushing demand for navigations. Smartphones are gaining traction in the mobile phone segment and the penetration of the mobile phones is increasing constantly worldwide. The smartphones have become a major device and are popular as they are inbuilt with GPS system which helps in navigation.
Further, the report states that one challenge in the market is expensive motorcycle navigation system technology. Motorcycle navigation system technology is one of the promising technologies in the motorcycle market. However, the price range of these systems is high, and hence, their adoption is preferred only in the premium motorcycle segment.
Garmin, MiTAC Holdings, and TomTom International.
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