COVID-19 Impact Review: What to Expect from Ultrasonic Displacement Sensor Industry in 2020?

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According to a recent report published by Research Dive, titled, "Ultrasonic Displacement Sensor Market by Type, Component, Transducer Type, and End-users: Global Opportunity Analysis and Industry Forecast, 2019-2025," the global Ultrasonic Displacement Sensor market size was valued at $ 2,627.65 Million in 2018, and is projected to reach $ 4,736.67 Million by 2025, registering a CAGR of 8.86% from 2019 to 2025. North America dominates the market, followed by Europe, Asia-Pacific, and LAMEA. U.S. dominated the global Ultrasonic Displacement Sensor market share in 2018, whereas Canada is expected to grow at a significant rate in the U.S. during the forecast period. Ultrasonic displacement sensors are basically used to detect objects and measure distance in industrial applications in which versatility and reliability are the key factors. For instance, Pepperl+Fuchs offers a wide variety of ultrasonic sensors which feature benefits such as large measuring ranges of up
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Pre & Post COVID-19 Impact Review: What to Expect from Connected Motorcycle Industry in 2020?

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According to a study of Research Dive,the global connected motorcycle market forecast shall cross $545.3 million by 2026, growing at a CAGR of 46.4%.

The extensively rising sales of premium bikes with safety features and comfort is expected to fuel the connected motorcycle market, during the projected period. Global automotive key players, governments, and consumers have become considerably aware of the significance of the connected motorcycle. This will help to propel the connected motorcycle market growth in the global market.Moreover, the rising popularity of motorcycle equipped with advanced IoT technology is also projected to augment the growth of the connected motorcycle market. Connected motorcycles have the benefit of being more efficient and sophisticated; also connected motor cycles offer excellent driving experience, automotive infotainment, convenience, road-safety, minimization in maintenance cost and enhanced performance. These elements are projected to upsurge the connected motorcycle market growth. However, the lack of interoperability of IoT infrastructure and less availability of connected standards and devices in the developing countries is anticipated to decline the demand for connected motorcycles industry. On the other hand, IoT-enabled motorcycles are anticipated to create noticeable revenue, during the forecast period.


This is majorly because IoT-based motorcycles are mainly built with bio-sensors that measure motorcyclists health to avoid road fatalities. Furthermore, the increase in government initiatives towards intellectual transport systems to avoid road accidents will also make positive impact on the connected motorcycles global industry. In addition, established companies are creating an app using IoT for the interconnection between the owner, motorcycles, and the service facility. Also, this highly integrated app allows the motorcycles to send diagnostic information to the mechanic via internet without any interventions of humans. These connected motorcycle market trends are projected to create enormous opportunities for connected motorcycle market, over the forecast period.

For More Detail Insights, Download Sample Copy of the Report at: https://www.researchdive.com/download-sample/84

The driver assistance segment for the connected motorcycle market is expected to have a significant market share, and it will register a revenue of $10.5 million by 2026, rising at a CAGR of 47.7%, over the forecast period.The recent boom in the development of driver assistance technology is anticipated to fuel the growth of this segment into the global connected motorcycle market. Moreover, market players are utilizing multiple product development techniques to strengthen their footprint in the global market. 

For instance, BMW Motor rad has designed a self-driving motorcycle with new safety features.

The tethered segment for the connected motorcycle market has a significant growth, and it will register a revenue of $183.5 million by 2026, rising at a CAGR of 47.3%, over the forecast period.This is mainly because the tethered safety system includes breakthrough technology designed to protect motorcyclists in a road-crash. Also, this tethered system consists of a removable back protector. They are the fully adjustable, breathable, and, more cost-effective option which provide neck and semi-rigid head protection. This may drive the growth of this segment,during the forecast period.

The private end-use industry has significant growth, and it shall generate a revenue of $273.6 million by 2026, increasing at a CAGR of 47.2%, over the projected period. Thus, rising popularity of IoT-enabled bike, changing lifestyle and increased purchasing power of people, and enhanced safety are some of the driving factors for the global connected motorcycle market.

Asia-Pacific connected motorcycle market size will have massive growth, and it will surpass $207.2 million by 2026, increasing at a healthy CAGR of 49.0%.The presence of global players, the adoption of technological evolutions, enhanced safety systems and growing popularity for IoT enabled bikes are some of the key factors for the growth of connected motorcycles in the Asian market.Also, rising developments by Chinese and Japanese OEMs are also expected to boost the growth of the connected motorcycle market in the Asian region.

The major connected motorcycle market manufacturers are -

BMW AG (ETR: BMW)
Autotalks Ltd.
KPIT (NSE: KPITTECH)
Panasonic Corporation (TYO: 6752)
TE Connectivity (NYSE: TEL)
Robert Bosch GmbH
Starcom Systems (LON: STAR)

View out Trending Reports with the Impact of COVID-19: https://www.researchdive.com/covid-19-insights

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