Motorcycle Advanced Rider Assistance System (ARAS): Global Strategic Business Report

Global Motorcycle Advanced Rider Assistance System (ARAS) Market to Reach 172.9 Million Units by 2027

In the changed post COVID-19 business landscape, the global market for Motorcycle Advanced Rider Assistance System (ARAS) estimated at 48.8 Million Units in the year 2020, is projected to reach a revised size of 172.9 Million Units by 2027, growing at a CAGR of 19.8% over the analysis period 2020-2027. ABS, one of the segments analyzed in the report, is projected to record a 19.4% CAGR and reach 101.1 Million Units by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the CC segment is readjusted to a revised 21.2% CAGR for the next 7-year period.

The U.S. Market is Estimated at 14.5 Million Units, While China is Forecast to Grow at 19.1% CAGR

The Motorcycle Advanced Rider Assistance System (ARAS) market in the U.S. is estimated at 14.5 Million Units in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of 29.8 Million Units by the year 2027 trailing a CAGR of 19.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.7% and 17.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.6% CAGR.

TCS Segment to Record 20.2% CAGR

In the global TCS segment, USA, Canada, Japan, China and Europe will drive the 20.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of 5.2 Million Units in the year 2020 will reach a projected size of 18.7 Million Units by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

Select Competitors (Total 46 Featured) -

• BMW AG
• Continental AG
• Honda Motor Co., Ltd.
• Robert Bosch GmbH
• ZF Friedrichshafen AG

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