Technavio market research analysts forecast the global motorcycle inertial measurement unit (IMU) sensor market to grow at a CAGR of more than 11% during the forecast period, according to their latest report.
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Technavio has published a new report on the global motorcycle inertial measurement unit (IMU) sensor market from 2017-2021. (Graphic: Business Wire)
The market study covers the present scenario and growth prospects of the global motorcycle IMU sensor marketfor 2017-2021. The report also lists super-sport motorcycles and other heavyweight motorcycles as the two major segments by vehicle type, of which the super-sport motorcycles segment generated 98% of the revenue in 2016.
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Technavio analysts highlight the following three market drivers that are contributing to the growth of the global motorcycle inertial measurement unit sensor market:
- Decline in ASP of MEMS gyroscopes and accelerometers
- Advances in IMU manufacturing technologies
- Increased need for better navigation techniques
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Decline in ASP of MEMS gyroscopes and accelerometers
The decline in the ASP of micro-electro-mechanical system (MEMS) gyroscopes and accelerometers is one of the major drivers that will contribute to the growth of the global motorcycle IMU systems market. Over the past eight to ten years, the consumer electronics market has gradually emerged as one of the largest adopters of MEMS devices. Large integrated device manufacturers, such as STMicroelectronics and Texas Instruments, have reportedly broken the USD 1 billion mark in terms of MEMS sales revenue. This decline in the cost of MEMS is expected to make the usage of IMUs more widespread across product lines and end the hegemony of luxury vehicles for IMU applications.
Advances in IMU manufacturing technologies
Vendors such as InvenSense and STMicroelectronics have developed dies that can integrate both accelerometers and gyroscopes into closer packing sizes. Packaged combo sizes of sensors are currently available in sizes of 10x10 sq.mm, which is further expected to decrease with reducing die sizes. Inertial measurement unit (IMUs) are also enhanced with sensor-fusion software in application features such as automatic screen rotation, gesture recognition, step-counting, personal navigation, and free-fall detection. Leading vendors in the motorcycle IMU sensors market, such as Bosch Sensortec and Continental, have increased their investments in the R&D of sensors.
"The huge sales potential of this market has motivated vendors to invest more in these activities and set high standards for every end-product in this space. The increase in R&D investments has led to the development of advanced versions of IMUs, efficient gyroscopes, and accelerators, which will drive the growth of the market and sustain it during the forecast period," says Siddharth Jaiswal, a lead analyst at Technavio forautomotive electronics research.
Increased need for better navigation techniques
Vehicle tracking systems require GPS, and the technology requires the usage of automotive MEMS sensors, especially accelerometers. Accelerometers help in tracking the vehicle, even if the GPS signal is lost, by using a previous GPS-determined position. MEMS gyroscopes are also found in some MEMS applications to track vehicles. Hence, MEMS devices improve the accuracy of tracking vehicles and assist in navigation functions. An increase in the number of applications of MEMS devices in automobiles makes them more attractive for end-users, and this boosts the market growth.
"Bosch Sensortec's motorcycle IMU sensor unit can be used for motorcycle navigation. It is installed in the motorcycle and combined with navigation solutions to optimize the positioning and direction ability of motorcycle navigation systems. This helps in navigation even in the absence of the global navigation satellite system," says Siddharth.
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