Technavio Announces the Publication of its Research Report Global Motorcycle Side View Assist System (MSVAS) Market 2016-2020
Technavio recognizes the following companies as the key players in the global motorcycle side view assist system (MSVAS) market: Bosch, Garmin, and Honda.
Other Prominent Vendors in the market are: Motorcycle warning system, and Yamaha.
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Commenting on the report, an analyst from Technavios team said: Helmet-mounted ADAS is expected to assimilate MSVAS which will be a key trend for market growth. Motorcycle ADAS has been one of the technological forerunners that is slated to replace all disparate systems by combining all their functionalities under one umbrella suite of offerings. These ADAS offerings usually consist of sensors mounted upon the motorcycle to monitor the surrounding environment for motion detection purposes. These ADAS offerings are expected to use the helmet as the output device for all visual displays for ADAS signaling and warnings.
According to the report, the need for MSVAS will be a key driver for market growth. In the US, motorcycle fatalities represent roughly 5% of all annual highway fatalities. What is quite intriguing is that motorcycles represent only a little over 2% of all registered vehicles in the US. This seems quite skewed and shows an apparently high accident to fatality conversion rates for motorcycles themselves. One of the primary reasons for such high fatality conversion rates is because a motorcycle does not provide any protection in case of a crash. For example, our statistics indicate that approximately 75% of reported motorcycle crashes result in injury or death. The same figure for car crashes is approximately about 25%. This is quite telling about the risks in motorcycle use and the need for safety and rider assistance systems in motorcycles like MSVAS.
Further, the report states that one of the foremost challenges for MSVAS when used in emerging economies is the fact that much of the traffic on such countries is uncoordinated. This results in bidirectional traffic movements, where adjacent lanes have traffic moving in directions opposite to each other. The situation is most acute wherever there is no separator in between the lanes.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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MSVAS is an early warning system for a motorcycle rider, which constantly monitors the rider’s blind spots and helps in lane changing decisions. The current MSVAS consists of a sensor array, with a sensor placed at each strategic location at the front and rear ends of the motorcycle. While the rear sensors are used for monitoring the blind spots in the current and surrounding lanes as an extra-sensory source of information, the front sensors on the other hand are for a plausibility check, as well as to ascertain the direction and lane of the traffic being tracked.
Technavios analysts forecast the global motorcycle side view assist system (MSVAS) market to grow at a CAGR of 22.78% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global motorcycle side view assist system (MSVAS) market for 2016-2020. To calculate the market size, the report considers a combination of top-down and bottom-up approaches, wherein our in-house databases have been used to arrive at the global MSVAS market.
The market is divided into the following segments based on geography:
Technavio’s report, Global Motorcycle Side View Assist System (MSVAS) Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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