Global Motorcycle Immobilizer Market 2017-2021

Overview of the global motorcycle immobilizer market

Technavio’s market research report predicts that the global motorcycle immobilizer market will grow at a CAGR of nearly 8% through the predicted timeline, ranging from 2017 – 2021. One of the primary drivers of the market’s growth is the rising motorbike security and insurance claims. Based on the statistics from the motorcycle industry association, about 43% of motorcycle insurance claims were thefts in England and Wales in 2012. To counter this, it is anticipated that the insurance companies in the future may consider a claim of a motorcycle theft based on inspection of the immobilizer fitted onto a motorcycle. Moreover, the anti-theft devices will need to have a security and safety approval by organizations such as Thatcham, a safety test approval authority, for the use of immobilizers in motorcycles driving the market’s growth.

One of the latest trends that will gain traction in the global motorcycle immobilizer market is the usage of bike security system using fingerprint GSM and GPS. The biometrics recognition system using GSM and GPS is a safe, dependable, and a cost-effective form of theft alarm system. Moreover, the tentative outcome of biometric recognition shows that it can be a capable way of reducing the theft of motorcycles in the future.  

Competitive analysis and key vendors