The global motorcycle immobilizer market to grow at a CAGR of 7.60% during the period 2017-2021.
The report, Global Motorcycle Immobilizer Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
The latest trend gaining momentum in the market is growing use of keyless entry systems. There is an increasing use of keyless entry systems for cars and motorcycles. More than 70% of the vehicles that are made today have remote keyless entry system as a standard or as an option. The remote keyless entry systems comprise a key fob transmitter and a receiver placed inside the vehicle. The purpose of keyless entry systems is to lock and unlock the door of the vehicle and to raise the alarm in case of theft.
According to the report, one of the major drivers for this market is increase in motorcycle touring communities and events. Motorcycle touring communities form an important part of motorcycle tourism, which basically involves riding a touring motorcycle optimized for long-distance travel, wherein the travel routes are pre-planned, and the tours last for days. Motorcycle tourism also constitutes a part of adventure sports wherein the motorist would have to undertake camping and attend motorcycle rallies on the way.