Two-Wheeler Integrated Display Market to be dominated by OEM segment through 2026
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.
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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.
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.
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“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.
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