Increasing concerns about road safety and growing demand for connected two-wheelers are driving the growth in Global Two-Wheeler Integrated Display Market in the forecast period, 2022-2026.
According to TechSci Research report, “Two-Wheeler Integrated Display Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Vehicle Type (Scooter/Moped, Motorcycle), By Display Size (<5”, 5”-10”, >10”), By Display Technology (LCD, TFT-LCD, OLED), By Demand Category (OEM vs Replacement), and By Region”, the global two-wheeler integrated display market is anticipated to grow at a rate of significant CAGR for the forecast period, 2022-2026. The two-wheeler integrated display assists the driver with a better riding experience and improved safety features. By installing the integrated display in the two-wheelers, the rider has access to digital information and other entertainment features that enhance the riders' overall driving experience.
The global two-wheeler integrated display market is segmented on the basis of motor type, vehicle type, demand category, regional distribution, and competition landscape.
On the basis of vehicle type, the global two-wheeler integrated display market is divided into scooter/moped and motorcycle. The motorcycle segment is expected to hold the largest market share for the forecast period, 2022-2026. Motorcycles are able to cover larger distances easily as they boast of innovative features like shock absorbers, bigger fuel tanks, powerful handlamps, which makes them highly preferable for highway commutes. Motorcycles have a higher aesthetic appearance and mileage than scooter/mopeds, thereby contributing to the sales of the motorcycles.
On the basis of display technology, the global two-wheeler integrated display market is divided into LCD, TFT-LCD, and OLED. The LCD segment is expected to dominate the market in the next five years, and the OLED segment is expected to witness the fastest incremental growth for the forecast period. The manufacturing of LCD screens is an affordable process which is the major reason for its high demand in making the two-wheeler integrated display. LCD display technology is highly energy-efficient and produces the desired results at lower costs. OLED display technology is majorly considered as a luxury option in two-wheeler vehicles, and with the technological advancements, the cost of OLED display is expected to drop. The use of OLED technology provides an enhanced and clearer view than the other display technologies due to the high contrast ratio.
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On the basis of demand category, the global two-wheeler integrated display market is bifurcated into OEM and replacement. The OEM segment is expected to account for substantial market share during the predicted period. The two-wheeler integrated display manufactured by the OEMs is of high quality and rarely wears or tear down. OEMs provide excellent after-sales services to their customers and the warrant guarantee, attracting many customers to invest in the integrated display for their two-wheeler vehicles.
On the basis of regional analysis, the Asia-pacific region is expected to witness the fastest incremental growth in the global two-wheeler integrated display market in the next five years. The high sales of the two-wheelers in the region due to their affordability, easy availability, fuel efficiency, and the ability to pass the dense network easily is fueling the demand for the associated automobile components to enhance the driver experience. Integrated display in two-wheelers provides the requested information to the riders and is easily fit as a display in two-wheeler automobiles. The growing population and the improving economic conditions in the two countries, namely India and China, are expected to create lucrative opportunities for the global two-wheeler integrated display market growth.
“The rise in awareness among consumers about the adverse effects of the emission particles into the environment and the depleting conventional fuel sources is fueling the adoption of electric vehicles around the globe. Favorable government policies promoting the manufacturing of two-wheeler electric vehicles by offering income tax rebates, subsidies, and incentives to vehicle manufacturers and developing the charging infrastructure to cover longer distances are expected to surge the sales of electric two-wheelers. Integration of the integrated display device in the electric two-wheelers to enhance the consumer experience by providing additional information to the customers, such as the battery condition, driving range, is expected to propel the global two-wheeler integrated display market growth till 2026” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Two-Wheeler Integrated Display Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2016-2026, Segmented By Vehicle Type (Scooter/Moped, Motorcycle), By Display Size (<5”, 5”-10”, >10”), By Display Technology (LCD, TFT-LCD, OLED), By Demand Category (OEM vs Replacement), and By Region”, has evaluated the future growth potential of global two-wheeler integrated display and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global two-wheeler integrated display market.