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A08507 | Pages: 344 | Charts: 73 | Tables: 223 |
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The motorcycle airbag market is segmented into Components, Coating, Sales Channel and Fabric Type.
A motorcycle airbag is a system, which helps the biker to prevent injuries in case of vehicle collision or accidents. In event of an accident, the motorcycle airbag system deploys an airbag around the rider. The motorcycle airbag system includes various components such as the airbag electric control unit, airbag module, inflator, and sensors among others. The motorcycle airbags include airbag jackets and vests, which are equipped with wireless or tethered airbag system. The airbag module that contains the inflator and airbag is put before the rider, which inflates and provides extra protection to the important body parts of the rider, including the spine, neck, collarbone, and ribs. Owing to all these benefits, various racing associations across the globe have mandated the use of motorcycle airbag system, which fuels the growth of the market.
Factors such as increase in number of road accidents, surge in demand for advanced safety system, and development of self-contained airbag jackets are anticipated to boost the growth of the global motorcycle airbag market during the forecast period. However, software failures associated with sensors and high initial investment cost are expected to hinder the growth of the global market during the forecast period. Moreover, growth in awareness from customers for protective gears and increase in demand for bike taxi services are projected to create an opportunity for the motorcycle airbag market in near future.
[COMPONENTSGRAPH]
Motorcycle airbag market is segmented on the basis of component, coating, sales channel, fabric type, and region. By component, it is divided into airbag, crash sensor, airbag ECU, and others. By coating, it is segmented into neoprene coated, silicone coated, and non-coated. By sales channel, the market is divided into OEM and aftermarket. By fabric type, the market is divided into nylon, polyester, and others. By region, the market is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The key players that operate in this motorcycle airbag market are Airvest, Alpinestars, Bering Moto, CLOVER IT S.r.l., Dainese S.p.A., DPI Safety, Furygan, GIMOTO SRL, Helite, Honda Motor Co., Ltd, Klim, MOTOAIR, Mugen Denko Co., Ltd., Point Two Air Vests USA LLC, RST Moto, Spidi, and Tucano Urbano S.r.l. a Socio Unico.
Development of self-contained airbag jackets
The motorcycle airbag market is expected grow significantly during the forecast period owing to increase in demand for advanced self-contained airbag jackets. Traditionally, the operation of a motorcycle airbag jacket was depending on sensor inputs which are mounted on the vehicle's front end. However, the airbag jacket manufacturers are integrating the sensors within the jacket, eliminating the need to install sensors on specific areas of the bike. In the event of a collision, the technology provides high-pressure inflammable and instantaneous protection to the shoulders, chest, and waist. This technology can be built into a specially designed vest and worn in tandem with a compatible jacket. Moreover, in order to protect the lower body part of rider, the manufacturers are developing airbag jeans. Such technological developments in airbag industry is expected to augment the safety of the motorcycle riders which in turn is expected to fuel the motorcycle airbag industry during the forecast period.Â
[COATINGGRAPH]
Increased demand for advanced safety system
In the past five years, with the rapid advancement of motorbike technology, it can be said that the future of motor bikes has arrived. The surge in disposable income of consumers, improvement in living standards, the increase in the number of young people, and the change in preference of the elderly to own a vehicle instead of taking public transportation are also changing, which has increased the demand for these bikes. Moreover, the launch of effective & better products, the increase in sports bike users, and the growing trend of customization are factors aiding the growth of the motorcycle airbag market. Moreover, the technological development in manufacturing processes, designing, and electronics and the growing demand for safety features and driver assistance to provide a safe and comfortable environment, especially for long-distance riding, is further propelling the demand for motor bikes. Apart from that, companies are coming up with technologically advanced safety systems and accessories. For instance, Airbag Inside Sweden AB is developing airbag jeans which is equipped with airbags for impact protection and space grade materials (UHMWPE) for abrasion protection. Owing to all these factors, demand for advanced safety system is expected to increase significantly, which in turn, is expected to fuel the demand for motorcycle airbag indsutry.
[SALESCHANNELGRAPH]
Software failures associated with sensors
The surge in installation of sensors and devices in motorcycles has made the driving convenient. Furthermore, sensors provide additional services such as music controls, navigation, hands-free calls, and messages. Built-in computer systems and sensors provide a better driving experience, however if mismanaged or incorrectly updated, they can cause catastrophic accidents and injuries. Automotive software failure, depending on where and how it occurs, can place vehicle occupants in severe danger of catastrophic injury. Automotive software has evolved into complicated and sophisticated programs for operating advanced automobile technology and components such as sensors, modules. As the automotive software gets intricate, the risk of failure increases. Many modern vehicles contain multiple electronic control units (ECUs) connected through network connections, most of which are required to perform essential safety systems like collision detection, antilock braking system (ABS), Adaptative Cruise Control (ACC), traction control system (TCS) among others. A company in the automotive supply chain may provide software for ECUs, or the manufacturer may develop and code it. When working with ECUs, one must test the complete system to ensure that all components are working properly. The failure of the vehicle‐™s automated braking and forward collision warning systems might result in accidents and injuries if an ECU has a malfunction. In addition, software bugs create misalignment or disruption in the automotive sensors' real-time environmental monitoring capability. The failure of automotive software and sensors may create negative effect on the performance of airbag system, limiting the growth of the motorcycle airbag market.
Growing awareness from customers for protective gears
Motorbikes are the most used conveyance option to travel from one location to another. They let the riders move through constricted spaces, are fast & highly maneuverable, and offer a thrilling experience while traveling on different terrains. Over the years, different kinds of motorcycles such as sport bikes, cruiser bikes, touring bikes, and mopeds have been launched to cater to different customer needs. With a surge in number of cars being fitted with advanced safety features and autonomous technologies, the demand for such features in bikes is anticipated to increase in the coming years. While a rising number of companies are installing features such as GPS and connected bikes, some companies are developing airbag systems that will offer a superior driving experience and safety to riders. Furthermore, the rise in awareness among the general population & increased disposable income has led the consumers to spend on the vehicle's safety features. By installing state-of-the-art sensor systems and AI technologies, bikes would offer features that will cater to the requirements of a skilled as well as an untrained rider. Hence, increase in awareness from customers for protective gears such as airbag jackets and vests is expected to propel the growth of the global motorcycle airbag market during the forecast period.
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Key Market Segments
Key Market Players