Key vendors to focus on the integration of TCS with ESC to enhance the stability of braking systems
Technavio, a company that develops over 2000 pieces of research every year and covers more than 500 technologies across 80 countries, has announced the top five leading vendors for the global motorcycle TCS market in their latest research report. This report also lists six other prominent vendors who are expected to contribute to this market’s growth between 2016-2020.
To identify the top vendors, Technavio’s market research analysts have taken into account the unit shipment of motorcycle TCS across all regions.
This Technavio report, under the automotive electronics vertical, is based on the synthesis, analysis, and interpretation of information about the global motorcycle TCS market collected from specialized sources. The analysts have derived insights using a mix of primary and secondary research with an aim to provide a holistic picture of the market.
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Competitive vendor landscape
The global market for motorcycle TCS is characterized by rapid technological innovations. The number of manufacturers for motorcycle TCS in the current market scenario is very limited. Vendors in the market are expected to make investments on the development of innovative designs in terms of size and weight. The possible introduction of new OEMs such as Honda and Suzuki is likely to intensify the competition among existing players during the forecast period. This will also fuel technological advancements in this market. These factors are expected to reflect positively for customers with respect to the cost as well as performance.
“Increased focus on safety has propelled the adoption of motorcycle TCS in the global market. Electronic stability control (ESC) is also becoming increasingly popular in the market owing to its ability to enhance the motorcycle’s stability. The incorporation of ESC enables the rider to comfortably lean toward the desired direction while maneuvering the bike. The combination of TCS and ESC can significantly improve the stability and efficacy of the braking system,” says Siddharth Jaiswal, a lead analyst at Technavio for research on automotive electronics.
Top five vendors in the motorcycle TCS market space
Continental
Continental offers products and services for automotive and rubber industries. The company manufactures soft rubber products, rubberized fabrics, and solid tires for carriages and bicycles. As of December 2015, Continental had approximately 208,000 employees in its offices across the world. In 2015, it generated more than $39 billion and spent almost $3 billion on R&D. The company operates in four business units which include chassis and safety, interior, powertrain, and others (tire and ContiTech divisions).
Key products: MIB system (TCS as safety function).
Bosch
Bosch primarily supplies automotive components. The company manufactures automotive components, industrial products, and building products. As of December 2015, Bosch had approximately 375,000 of employees in its offices across the world. It generated revenues of around $80 billion and spent more than $7 billion on R&D. The business segments of the company include mobility solutions, industrial technology, consumer goods, and energy and building technology.
Key products: MSC base and MSC enhanced.
BMW Motorrad
BMW Motorrad and is the motorcycle brand of the German company BMW. BMW Motorrad manufactures motorcycles and scooters that are advanced in terms of design and power. R1200GS is the popular model of BMW Motorrad, and K1600GTL is the luxury touring motorcycle. As of 2015, BMW Motorrad had approximately 116,324 employees across the world. It generated revenues of almost $3 million in 2015.
Key products: Dynamic traction control and Automatic stability control.
Ducati
Ducati is the motorcycle brand of the German company Audi AG. As of 2015, BMW Motorrad had approximately 1,168 employees across the world. It generated revenues of almost $776 million in 2015. Add content.
Key products: Ducati traction control (DTC).
Kawasaki
Kawasaki is the motorcycle brand that comes under the motorcycle and engine division of Kawasaki Heavy Industries based in Japan. As of 2015, Kawasaki’s motorcycle and engine division had approximately 8,000 employees across the world and generated a revenue of more than $3 billion in 2015.
Key products: KTRC 3-mode, S-KTRC, and KTRC 1-mode.
Other prominent vendors in this market include Aprilia, MV Agusta, Yamaha, Bazzaz, Nemesis, and Gripone.
A more detailed analysis is available in the Technavio report, Global Motorcycle TCS Market 2016-2020. Technavio also customizes reports by other regions and specific segments upon request.
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