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Global Bicycle Infotainment System Market-Technologies, Market share and Industry Forecast to 2024

  • ID: 4369760
  • Report
  • Region: Global
  • 240 pages
  • Occams Business Research and Consulting
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The Global Bicycle Infotainment System Market is Expected to Grow with a CAGR of about 25%

FEATURED COMPANIES

  • Beeline
  • Cateye
  • Garmin
  • Hammerhead
  • Magellan
  • Polar
  • MORE

Bicycle infotainment system is the technology that provides information, entertainment as well as communication to rider while riding or travelling. The global bicycle infotainment system market is expected to grow with a CAGR of about 25% during the forecast period of 2017-2024. One of the major drivers fueling the growth in global bicycle infotainment system market during the forecast period is increasing health and fitness awareness among general population globally.

Increasing demand for real time tracking and navigation and increased technological advancements are also responsible for the growth of the global bicycle infotainment system market during the forecast period. However, increasing maintenance cost of infotainment systems is the factor responsible to restrain the growth of the global bicycle infotainment system market during the forecast period.

Geographically, North America accounted for the largest market share in terms of revenue in 2017 and the region is expected to dominate the market even during the forecast period. In North America, the main contributors to the bicycle infotainment market are developed countries such as United States and Canada. Furthermore, Asia Pacific is the fastest growing region in the field of bicycle infotainment system market during the forecast period.

The growth in global bicycle infotainment system market is also influenced by the presence of major players such as Garmin (Switzerland), Wahoo FitneSS (U.S.), Polar (Finland), Magellan (U.S.), Sena Technologies (U.S.), Beeline (U.S.), Cateye (Japan), COBI (Germany), etc. Product launches, mergers & acquisitions, etc. are some crucial strategies adopted by the major players to gain competitive advantage.

The global bicycle infotainment system market is segmented into product and applications. Report further covers segments of product type which includes wearable kits and on-board kits. On board kits type segment accounted for the major shares of the global bicycle infotainment system market in 2017.

The segment is expected to dominate the global bicycle infotainment system market during the forecast period. Increased adoption of on-board kits due to technological advancements is contributing to the growth of the global bicycle infotainment system market during the forecast period.

Moreover, rising demand for navigation infotainment devices is also driving the demand for on board kits during the forecast period. The application of the global bicycle infotainment system includes mountain bikes, road bikes and others. Road bikes accounted for the largest market share in terms of revenue in 2017. The segment is expected to dominate the market during the forecast period.



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FEATURED COMPANIES

  • Beeline
  • Cateye
  • Garmin
  • Hammerhead
  • Magellan
  • Polar
  • MORE

1. Introduction
1.1. Executive Summary
1.2. Estimation Methodology

2. Market Overview
2.1. Global Bicycle Infotainment System Market: Evolution & Transition
2.2. Market Definition & Scope
2.3. Industry Structure
2.4. Regulatory Framework
2.5. Total Market Analysis
2.5.1. Top 5 Findings
2.5.2. Top 5 Opportunity Markets
2.5.3. Top 5 Companies
2.5.4. Top 3 Competitive Strategies
2.6. Estimation Analysis
2.7. Strategic Analysis
2.7.1. Investment Vs. Adoption Model
2.7.2. 360-Degree Industry Analysis
2.7.3. Porter's 5 Force Model
2.7.4. See-Saw Analysis
2.7.5. Consumer Analysis And Key Buying Criteria
2.8. Competitive Analysis
2.8.1. Key Strategies & Analysis
2.8.2. Market Share Analysis And Top Company Analysis
2.9. Strategic Recommendations & Key Conclusions
2.9.1. Investment Opportunities By Regions
2.9.2. Opportunities In Emerging Applications
2.9.3. Investment Opportunity In Fastest Growing Segment

3. Market Determinants
3.1. Market Drivers
3.1.1. Increasing Bicycle Commuting Population In Developed Nations
3.1.2. Increased Demand For Real Time Tracking And Navigation
3.1.3. Increasing Health Awareness Among General Population
3.1.4. Increasing Demand For Low Cost Infotainment Systems
3.1.5. Technological Advancements Bicycle Infotainment
3.2. Market Restraints
3.2.1. Large Costs Of Infotainment Systems
3.2.2. Distraction For Riders Due To Infotainment
3.3. Market Opportunities
3.3.1. Development Of Led Based Bicycle Navigation
3.3.2. Increasing Growth In Developed Countries
3.4. Market Challenges
3.4.1. Rise In Prices Of Raw Materials

4. Market Segmentation
4.1. Bicycle Infotainment System Market By Product
4.1.1. Market Definition And Scope
4.1.2. Decision Support Database & Estimation Methodology
4.1.3. Comparative Analysis Across Market Segments
4.1.4. Opportunity Matrix
4.1.5. Market Segmentation
4.1.5.1. Global Wearable Kits Market
4.1.5.1.1. Adoption Scenario & Market Determinants
4.1.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.1.5.1.3. Key Players & Key Products
4.1.5.1.4. Key Conclusions
4.1.5.2. Global On Board Kits Market
4.1.5.2.1. Adoption Scenario & Market Determinants
4.1.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.1.5.2.3. Key Players & Key Products
4.1.5.2.4. Key Conclusions
4.2. Bicycle Infotainment System Market By Application
4.2.1. Market Definition And Scope
4.2.2. Decision Support Database & Estimation Methodology
4.2.3. Comparative Analysis Across Market Segments
4.2.4. Opportunity Matrix
4.2.5. Market Segmentation
4.2.5.1. Global Mountain Bike Market
4.2.5.1.1. Adoption Scenario & Market Determinants
4.2.5.1.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.2.5.1.3. Key Players & Key Products
4.2.5.1.4. Key Conclusions
4.2.5.2. Global Road Bike Market
4.2.5.2.1. Adoption Scenario & Market Determinants
4.2.5.2.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.2.5.2.3. Key Players & Key Products
4.2.5.2.4. Key Conclusions
4.2.5.3. Global Others Market
4.2.5.3.1. Adoption Scenario & Market Determinants
4.2.5.3.2. Market Estimations And Forecasts 2015-2024 ($ Million)
4.2.5.3.3. Key Players & Key Products
4.2.5.3.4. Key Conclusions

5. Competitive Landscape
5.1. Key Strategies
5.1.1. List Of Mergers And Acquisition
5.1.2. List Of Joint Ventures
5.1.3. List Of Product Launches
5.1.4. List Of Partnerships

6. Geographic Analysis
6.1. Decision Support Database & Estimation Methodology
6.2. Comparative Analysis Across Market Segments
6.3. Opportunity Matrix
6.4. Global Bicycle Infotainment System Market By Region 2015-2024 ($ Million)
6.4.1. North America
6.4.1.1. Industry Analysis 2015-2024 ($ Million)
6.4.1.2. Top Country Analysis
6.4.1.2.1. U.S.
6.4.1.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.1.2.1.2. Key Players & Key Products
6.4.1.2.1.3. Key Conclusions
6.4.1.2.2. Canada
6.4.1.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.1.2.2.2. Key Players & Key Products
6.4.1.2.2.3. Key Conclusions
6.4.2. Europe
6.4.2.1. Industry Analysis 2015-2024 ($ Million)
6.4.2.2. Top Country Analysis
6.4.2.2.1. UK
6.4.2.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.2.2.1.2. Key Players & Key Products
6.4.2.2.1.3. Key Conclusions
6.4.2.2.2. France
6.4.2.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.2.2.2.2. Key Players & Key Products
6.4.2.2.2.3. Key Conclusions
6.4.2.2.3. Germany
6.4.2.2.3.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.2.2.3.2. Key Players & Key Products
6.4.2.2.3.3. Key Conclusions
6.4.2.2.4. Spain
6.4.2.2.4.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.2.2.4.2. Key Players & Key Products
6.4.2.2.4.3. Key Conclusions
6.4.2.2.5. Rest Of Europe
6.4.2.2.5.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.2.2.5.2. Key Players & Key Products
6.4.2.2.5.3. Key Conclusions
6.4.3. Asia Pacific
6.4.3.1. Industry Analysis 2015-2024 ($ Million)
6.4.3.2. Top Country Analysis
6.4.3.2.1. China
6.4.3.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.3.2.1.2. Key Players & Key Products
6.4.3.2.1.3. Key Conclusions
6.4.3.2.2. India
6.4.3.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.3.2.2.2. Key Players & Key Products
6.4.3.2.2.3. Key Conclusions
6.4.3.2.3. Japan
6.4.3.2.3.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.3.2.3.2. Key Players & Key Products
6.4.3.2.3.3. Key Conclusions
6.4.3.2.4. Australia
6.4.3.2.4.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.3.2.4.2. Key Players & Key Products
6.4.3.2.4.3. Key Conclusions
6.4.3.2.5. Rest Of Asia Pacific
6.4.3.2.5.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.3.2.5.2. Key Players & Key Products
6.4.3.2.5.3. Key Conclusions
6.4.4. Row
6.4.4.1. Industry Analysis 2015-2024 ($ Million)
6.4.4.2. Top Country Analysis
6.4.4.2.1. Latin America
6.4.4.2.1.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.4.2.1.2. Key Players & Key Products
6.4.4.2.1.3. Key Conclusions
6.4.4.2.2. Middle East & Africa
6.4.4.2.2.1. Market Estimations And Forecasts 2015-2024 ($ Million)
6.4.4.2.2.2. Key Players & Key Products
6.4.4.2.2.3. Key Conclusions

7. Company Profiles
7.1. Garmin
7.1.1. Overview
7.1.2. Product Portfolio
7.1.3. Strategic Initiatives
7.1.4. Scot Analysis
7.1.5. Strategic Analysis
7.2. Wahoo Fitness
7.2.1. Overview
7.2.2. Product Portfolio
7.2.3. Strategic Initiatives
7.2.4. Scot Analysis
7.2.5. Strategic Analysis
7.3. Polar
7.3.1. Overview
7.3.2. Product Portfolio
7.3.3. Strategic Initiatives
7.3.4. Scot Analysis
7.3.5. Strategic Analysis
7.4. Magellan
7.4.1. Overview
7.4.2. Product Portfolio
7.4.3. Strategic Initiatives
7.4.4. Scot Analysis
7.4.5. Strategic Analysis
7.5. Sena Technologies
7.5.1. Overview
7.5.2. Product Portfolio
7.5.3. Strategic Initiatives
7.5.4. Scot Analysis
7.5.5. Strategic Analysis
7.6. Beeline
7.6.1. Overview
7.6.2. Product Portfolio
7.6.3. Strategic Initiatives
7.6.4. Scot Analysis
7.6.5. Strategic Analysis
7.7. Cateye
7.7.1. Overview
7.7.2. Product Portfolio
7.7.3. Strategic Initiatives
7.7.4. Scot Analysis
7.7.5. Strategic Analysis
7.8. Cobi
7.8.1. Overview
7.8.2. Product Portfolio
7.8.3. Strategic Initiatives
7.8.4. Scot Analysis
7.8.5. Strategic Analysis
7.9. Hammerhead
7.9.1. Overview
7.9.2. Product Portfolio
7.9.3. Strategic Initiatives
7.9.4. Scot Analysis
7.9.5. Strategic Analysis
7.10. Vudu 7
7.10.1. Overview
7.10.2. Product Portfolio
7.10.3. Strategic Initiatives
7.10.4. Scot Analysis
7.10.5. Strategic Analysis
7.11. Nuvinci
7.11.1. Overview
7.11.2. Product Portfolio
7.11.3. Strategic Initiatives
7.11.4. Scot Analysis
7.11.5. Strategic Analysis
7.12. Giant
7.12.1. Overview
7.12.2. Product Portfolio
7.12.3. Strategic Initiatives
7.12.4. Scot Analysis
7.12.5. Strategic Analysis
7.13. Lifebeam
7.13.1. Overview
7.13.2. Product Portfolio
7.13.3. Strategic Initiatives
7.13.4. Scot Analysis
7.13.5. Strategic Analysis
7.14. Rohde & Schwarz
7.14.1. Overview
7.14.2. Product Portfolio
7.14.3. Strategic Initiatives
7.14.4. Scot Analysis
7.14.5. Strategic Analysis
7.15. BITS
7.15.1. Overview
7.15.2. Product Portfolio
7.15.3. Strategic Initiatives
7.15.4. Scot Analysis
7.15.5. Strategic Analysis

List Of Tables
1. Global Bicycle Infotainment System Market By Product 2015-2024 ($ Million)
2. Global Wearable Kits Market By Geography 2015-2024 ($ Million)
3. Global On Board Kits Market By Geography 2015-2024 ($ Million)
4. Global Bicycle Infotainment System Market By Application 2015-2024 ($ Million)
5. Global Mountain Bike Market By Geography 2015-2024 ($ Million)
6. Global Road Bike Market By Geography 2015-2024 ($ Million)
7. Global Others Market By Geography 2015-2024 ($ Million)
8. North America Bicycle Infotainment System Market 2015-2024 ($ Million)
9. Europe Bicycle Infotainment System Market 2015-2024 ($ Million)
10. Asia Pacific Bicycle Infotainment System Market 2015-2024 ($ Million)
11. Rest Of The World Bicycle Infotainment System Market 2015-2024 ($ Million)

List Of Figures

1. Global Wearable Kits Market 2015-2024 ($ Million)
2. Global On Board Kits Market 2015-2024 ($ Million)
3. Global Mountain Bike Market By Geography 2015-2024 ($ Million)
4. Global Road Bike Market 2015-2024 ($ Million)
5. Global Others Market 2015-2024 ($ Million)
6. United Kingdom (UK) Bicycle Infotainment System Market 2015-2024 ($ Million)
7. France Bicycle Infotainment System Market 2015-2024 ($ Million)
8. Germany Bicycle Infotainment System Market 2015-2024 ($ Million)
9. Spain Bicycle Infotainment System Market 2015-2024 ($ Million)
10. Roe Bicycle Infotainment System Market 2015-2024 ($ Million)
11. India Bicycle Infotainment System Market 2015-2024 ($ Million)
12. China Bicycle Infotainment System Market 2015-2024 ($ Million)
13. Japan Bicycle Infotainment System Market 2015-2024 ($ Million)
14. Australia Bicycle Infotainment System Market 2015-2024 ($ Million)
15. Roapac Bicycle Infotainment System Market 2015-2024 ($ Million)
16. Latin America Bicycle Infotainment System Market 2015-2024 ($ Million)
17. Mena Bicycle Infotainment System Market 2015-2024 ($ Million)

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Beeline
  • Cateye
  • Garmin
  • Hammerhead
  • Magellan
  • Polar
  • MORE

The global bicycle infotainment system market is expected to grow with a CAGR of about 25% during the forecast period of 2017-2024

Infotainment technique is a medium which is intended to broadcast both; information as well as entertainment simultaneously. Bicycle infotainment system provides information, entertainment as well as communication to rider while riding or travelling. This system also provides bicycle to bicycle communication.

The infotainment device may be built in or portable. Increasing demand for real time tracking and navigation is responsible for the growth of the global bicycle infotainment system market during the forecast period.

With the help of connectivity, the data can be transmitted at real time and can be used for tracking and navigation purpose. Development of Light Emitting Diode (LED) based bicycle navigation is an emerging trend in the global bicycle infotainment system market. Due to this emerging technology, device gives turn-by-turn navigation directions in the form of LED flashing.

Also, integration of Head up Displays (HUD) with bicycle systems is creating new opportunities for the global bicycle infotainment system market. Head up Displays such as helmets are connected with smart phones directly by using Bluetooth technology. The information generated, includes GPS direction, performance data, and vibration alerts.

This integration technology increases the safety quotient of the vehicle and reduces the distraction level of the rider to a great extent. Moreover, rising traffic congestion in developed countries is increasing the demand for such bicycles. This factor contributes to the growth of the global bicycle infotainment system market during the forecast period.

Global High Shift Cycling Scenario: growth promoter

Increasing bicycle commuting population in developed nations is responsible for the growth of the global bicycle infotainment system market during the forecast period. According to Institute for Transportation and Development policy (ITDP), there is high shift towards cycling scenario globally.

As per ITDP, by the end of 2050, cycling and e-bikes will account for 14% of urban kilometers of travel (25% in Netherlands and China and 11% in United States and Canada). High shift towards cycling and e-bikes is observed due to increased Carbon dioxide emissions, energy use and direct cost to travelers.

Direct costs include infrastructure costs, vehicle purchase and operation. Also, increase in cycling and e-bike use would save cumulative US$6 trillion between 2015 and 2030 globally. Moreover, as per ITDP, it is estimated that bicycle sales are projected to nearly double in every two years. Increase in the bicycle user population will surge the growth of global bicycle infotainment system market during the forecast period.

Government laws for promoting bicycle usage is adding growth in the global bicycle infotainment system market

There has been an increase in the bicycle usage globally due to various government laws and campaigns to promote bicycle usage. The growth is mainly due to various public awareness campaigns conducted by the government. The U.S. Department of Transportation declared two laws in 1990 (Moving America) and 1994 (National Bicycling and Walking Study). Both these laws emphasized the crucial importance of walking and cycling.

The 1994 law deals with doubling the modal share of bicycling and walking in the United States. Federal government in United States has been the leading force behind increased funding for cycling, and its fuller integration in the planning of overall transportation systems.

In 2000, U.S. Department of Transportation declared another regulation. This regulation was adopted for specifically laying out design guidelines for accommodating bicyclists in all federally funded highway and transit projects.

Moreover, Intermodal Surface Transportation Efficiency Act (ISTEA) is responsible to appoint a bicycling coordinator to facilitate non-motorized transport policies within departments in every state. Furthermore, to promote the bicycle usage the government must revise laws and enforcement practices to regulate and promote cycling usage. The government should also coordinate metropolitan transport and land-use plans, so that new investments would result in more cycling.

Also, the government can rapidly develop cycling and e-bike infrastructure on a large scale to further increase the bicycle usage. These rules and regulations will add growth in the global bicycle infotainment system market during the forecast period. Increasing technological advancements are also responsible for the growth of the global bicycle infotainment system market during the forecast period.

However, increasing maintenance cost of infotainment systems is the factor responsible to restrain the growth of the global bicycle infotainment system market during the forecast period.

Note: Product cover images may vary from those shown
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  • Beeline
  • Bits
  • Cateye
  • Cobi
  • Garmin
  • Giant
  • Hammerhead
  • Lifebeam
  • Magellan
  • Nuvinci
  • Polar
  • Rohde & Schwarz
  • Sena Technologies
  • Vudu 7
  • Wahoo Fitness
Note: Product cover images may vary from those shown
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