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

Global Motorcycle Advanced Rider Assistance System (ARAS) Market to Reach 305 Million Units by 2030

The global market for Motorcycle Advanced Rider Assistance System (ARAS) estimated at 71.2 Million Units in the year 2022, is projected to reach a revised size of 305 Million Units by 2030, growing at a CAGR of 19.9% over the analysis period 2022-2030. ABS, one of the segments analyzed in the report, is projected to record 19.5% CAGR and reach 176.4 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 21.4% CAGR for the next 8-year period.

The U.S. Market is Estimated at 21.7 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 21.7 Million Units in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of 51.5 Million Units by the year 2030 trailing a CAGR of 19.1% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 17.5% and 17.1% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 14.6% CAGR.

Select Competitors (Total 46 Featured) -

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

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