ATV Electronics System Market to Grow with a CAGR of Over 3% During the Forecast Period, 2020-2024 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Jan 13, 2020--
The “ATV Electronics System Market by Type and Geography - Forecast and Analysis 2020-2024” report has been added to ResearchAndMarkets.com’s offering.
Global ATV electronics system Market: About this market
The ATV electronics system market analysis considers sales from the lighting system, advanced electronic systems, audio system, and other electronic systems. Our study also finds the sales of ATV electronics system in APAC, Europe, MEA, North America, and South America. In 2019, the lighting system segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as enhanced visibility and battery life will play a significant role in the lighting system segment to maintain its market position. Also, our global ATV electronics system market report looks at factors such as demand for ATVs across various applications, the launch of new ATV models and the expansion of manufacturing facilities, and increasing demand for electric ATVs. However, legal limitations associated with the use of off-road vehicles, change emission standards for off-road vehicles, and the availability of substitutes for ATVs may hamper the growth of the ATV electronics system industry over the forecast period.
Global ATV electronics system Market: Overview
Increasing demand for ATVs across various applications
ATVs are preferred for various applications including agriculture, military, and forest applications. This is due to the vehicle’s ability to operate in a variety of terrains such as soft surfaces, hard surfaces, snow, mud and more. In addition, the rising number of recreational and adventure sports activities in several regions and the broadcasting services for off-road events are also driving the demand for ATVs. This increasing use of ATVs in varied applications will lead to the expansion of the global ATV electronics system market at a CAGR of over 3% during the forecast period.
Emergence of autonomous ATVs
In the last five years, R&D activities pertaining to autonomous vehicles have increased significantly. Increasing levels of automation technologies are likely to make self-driving vehicles commercially viable soon. In addition, the growing investments in the development of autonomous technologies are further expected to continue during the forecast period, which will also be crucial in encouraging the development of autonomous technologies for off-road vehicles. Furthermore, various ATV electronic system manufacturers are deploying exceptionally reliable and efficient electronic components to serve specific applications. This development is expected to have a positive impact on the overall market growth.
Key Topics Covered:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
For more information about this report visit https://www.researchandmarkets.com/r/mb3p7w
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INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY
SOURCE: Research and Markets
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PUB: 01/13/2020 08:06 AM/DISC: 01/13/2020 08:06 AM