ADAS Calibration Equipment Market to Grow 3X over 2019 - 2029
The market for advanced driver assistance systems (ADAS) calibration equipment linearly resonates with the flourishing automotive industry. Currently generating revenues that value slightly above US$ 200 Mn, the ADAS calibration equipment market is projected for stupendous growth in revenues over the period of next decade. This Future Market Insights (FMI) study offers strong growth forecasts for ADAS calibration equipment market and foresees 3X expansion in market value during 2019 - 2029.
Key Factors Shaping ADAS Calibration Equipment Market
Passenger Vehicle Category to Dictate Market’s Fortunes
The passenger vehicles segment is anticipated to dominate the ADAS calibration equipment market due to the increasing penetration of ADAS in luxury and mid-sized cars. Also, manufacturers are developing ADAS cameras and automotive sensors for enabling vehicles to detect obstacles. Over the last few years, the mid-sized passenger vehicle segment has witnessed moderate growth in the global market. A paradigm shift towards high vehicle performance and fuel economization is expected to drive the adoption of ADAS sensors, particularly in developed regions. Moreover, some of the manufacturers have developed ADAS calibration tools for truck ADAS calibration.
Rising Adoption of ADAS in East Asia & South Asia
East Asia & South Asia markets are expected to grow at significant CAGRs during the forecast period (2019-2029) in the global ADAS calibration equipment market. As a result of increasing penetration of ADAS in cars, SUVs and commercial vehicles in India and China, these regions are anticipated to witness high Y-o-Y growth over the forecast period. The adoption of ADAS is expected to increase substantially, for enhancing travel safety and comfort.
Stringent Safety Regulations to Boost Global ADAS Adoption
Governments are welcoming new safety regulations for reducing road accidents. For instance, European Commission has accepted new road safety rules and regulations under the General Safety Regulation. According to these regulations, some of the ADAS features such as advanced emergency braking, lane-keeping assistance, and advanced emergency braking have become mandatory. Also, lane departure warning systems (LDWS) and automatic emergency braking system (AEBS) have become compulsory for all new heavy goods vehicles (HGVs) sold in the European Union. Moreover, USA has the most stringent vehicle safety regulations in the world.
Automotive OEMs Registering Significant Adoption
The consumption of ADAS calibration tools is rapidly increasing due to the high demand from automotive OEMs for after-manufacturing calibrations. Automobile manufacturers are introducing ADAS in luxurious and even small- and mid-sized cars for enhancing passenger safety, offering advanced driver assistance, and ensuring comfortable travel. ADAS manufacturers are collaborating with independent service providers to better promote their ADAS calibration equipment. The automotive OEMs segment is anticipated to be one of the major segments in the ADAS calibration equipment market.
ADAS Calibration Equipment Market Structure Analysis
- The global ADAS calibration equipment market is fairly consolidated due to the limited presence of manufacturers.
- Prominent players operating in the market are focusing on implementation of ADAS in mid- and low-range passenger vehicles.
- The market is relatively small in size, due to inadequate unawareness of ADAS calibration equipment among service providers in developing countries.
- For promoting their products, manufacturers of ADAS calibration equipment are collaborating with other automotive service providers.
Commercial Vehicles to Emerge Lucrative
Passenger vehicles (PVs) remain top adopters of ADAS calibration equipment, generating maximum revenues in Europe. On the other hand, commercial vehicles (CVs) are also registering faster adoption rate, almost all over the world. Further, the study reveals that the ADAS calibration equipment market in Middle East & Africa will witness a significant boost to adoption in both vehicle categories, PVs and CVs. Stringent government regulations are compelling automobile manufacturers to embrace ADAS calibration equipment in PVs and CVs, further leading to a significant spike in their employment post 2020.
U.S. Market to Exceed US$ 100 Mn Mark by 2025
North America, Europe, and East Asia collectively account for nearly 3/4th of global market value. However, Europe would continue to be at the forefront, majorly attributing to increasing production of SUVs and mid-sized vehicles in Western Europe. The U.S. will also remain an attractive market for ADAS calibration equipment manufacturers, and is set to surpass the US$ 100 Mn mark by 2029 end. This growth of market in the U.S. is attributed to the country’s expanding manufacturing base of heavy commercial vehicles (HCVs). Towards 2025 end, there are strong indications of East Asia outpacing North America in the ADAS calibration equipment market. China, owing to swelling production of compact PVs, leads the region, while South Korea and Japan reflect worthwhile prospects.
* This data is only a representation. Actual data may vary and will be available in report.
Targeting Low- and Middle-income Economies
ADAS-equipped vehicles are more expensive versus conventional vehicles. Consequently, these systems are yet to streamline in low- and middle-income countries (LMICs). In addition, ADAS requires significant power to run various complex algorithms, which is again a challenge for developing economies. Another challenge for market players is inept government regulations in regions excluding North America and Europe. Research suggests that a sizeable cluster of vehicle owners is still unaware about ADAS calibration services. Further, lack of skilled service providers also poses the risk of inaccurate ADAS calibration.
Surging adoption in passenger vehicles
Increasing applicability in commercial vehicles
High demand from automotive OEMs
Demand from service stations picks pace
How Growth will Unfold
FMI discovers demand upsurge for ADAS calibration equipment from OEMs, currently representing nearly 2/5th share of market value. Surging installation rate of sensors per vehicle, particularly in the U.S. and Germany would be primarily responsible for this growth. With soaring recalibration demands, including repair or replacement of ADAS, covering cameras and sensors, the growth in demand for ADAS calibration equipment will be more prominent in service stations.
* This data is only a representation. Actual data may vary and will be available in report.Click Here To Know How The Growth Will Unfold
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ADAS Calibration Equipment Market Analysis 2019 - 2029
A recent market study published by FMI on the ADAS calibration equipment market includes global industry analysis for 2014 - 2018 & opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting thorough research on the historical as well as current growth parameters of the ADAS calibration equipment market, the growth prospects of the market are obtained with maximum precision.
ADAS Calibration Equipment Market Taxonomy
The global ADAS calibration equipment market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
- Passenger Vehicles
- Commercial Vehicles
- Automotive OEMs
- Tier 1 Suppliers
- Service Stations
- North America
- Latin America
- South Asia
- East Asia
- Middle East and Africa
The report starts with the executive summary of the ADAS calibration equipment market, which includes a summary of the key findings and statistics. It also includes the demand & supply-side trends pertaining to the ADAS calibration equipment market.
Readers can find the definition and a detailed taxonomy of the ADAS calibration equipment market in this chapter, which will help them understand the basic information about the ADAS calibration equipment market. This section also highlights the inclusions and exclusions, which help readers understand the scope of the ADAS calibration equipment market report.
The ADAS calibration equipment market report provides key market trends that are expected to significantly impact market growth during the forecast period. Detailed industry trends are also provided in this section.
This section includes factors that have emerged as key success factors and strategies adopted by key market participants.
This section explains the global market value analysis and forecast for the ADAS calibration equipment market in the forecast period 2019-2029. This chapter includes a detailed analysis of the historical ADAS calibration equipment market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year, and an incremental $ opportunity for the forecast period (2019–2029). Along with this, pricing analysis of the ADAS calibration equipment market at the regional level has been provided in this section. This section also explains the global market volume analysis and forecast for the ADAS calibration equipment market.
This chapter explains key macro-economic factors that are expected to influence the growth of the ADAS calibration equipment market over the forecast period. Along with macroeconomic factors, this section also highlights the value chain, forecast factors, and top company’s historical growth outlook for the ADAS calibration equipment market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the section.
Based on vehicle type, the ADAS calibration equipment market is segmented into portable and handheld. In this chapter, readers can find information about key trends and developments in the ADAS calibration equipment market and market attractiveness analysis based on vehicle.
This chapter provides details about the ADAS calibration equipment market based on end user, and has been classified into cable sheath fault locators, cable route tracer, time domain reflectometer, pinpointer, voltage surge generator, and others. In this chapter, readers can understand the market attractiveness analysis based on end user.
This chapter explains how the ADAS calibration equipment market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, the Middle East & Africa (MEA), and Emerging Countries.
This chapter includes a detailed analysis of the growth of the North America ADAS calibration equipment market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find pricing analysis, regional trends, and market growth based on segments and countries in North America.
This chapter provides the growth scenario of the ADAS calibration equipment market in Latin American countries such as Brazil, Mexico, and the Rest of Latin America. Along with this, the assessment of the market across target segments has been provided.
Important growth prospects of the ADAS calibration equipment market based on its end users in several countries such as Germany, the U.K., France, Spain, Italy, Russia, and the Rest of Europe, are included in this chapter.
In this chapter, India, Malaysia, Thailand, Indonesia, and Rest of South Asia are the prime subjects of assessment to obtain the growth prospects of the South Asia ADAS calibration equipment market. Readers can find detailed information about the growth parameters of the South Asia ADAS calibration equipment market during the forecast period of 2019-2029.
This chapter highlights the growth of the ADAS calibration equipment market in East Asia by focusing on China, Japan, and South Korea. This section also helps readers understand key factors that are responsible for the growth of the ADAS calibration equipment market in East Asia.
This chapter highlights the growth of the ADAS calibration equipment market in Oceania by focusing on Australia and New Zealand. This section also helps readers understand key factors that are responsible for the growth of the ADAS calibration equipment market in Oceania.
This chapter provides information about how the ADAS calibration equipment market will grow in major countries in the MEA region such as Northern Africa, GCC Countries, South Africa, Turkey, and the Rest of MEA, during the forecast period of 2019-2029.
This section highlights the growth prospects of the ADAS calibration equipment market for emerging markets such as China, India, and Northern Africa.
In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the ADAS calibration equipment market, along with their market presence analysis by region and product portfolio.
Some of the market players featured in the report are Robert Bosch GmbH, Mahle GmbH, HELLA GmbH & Co. KGaA, TEXA S.p.A, Autel Intelligent Technology Corp., Ltd., LAUNCH TECH CO. LTD, COJALI S.L., Hofmann Megaplan GmbH, and others.
This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the ADAS calibration equipment market report.
This chapter helps readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the ADAS calibration equipment market.
How the research was conducted?
- Chief Executive Officer
- Vice President
- Sales Head
- Product Manager
- Marketing Head
- Deputy Manager -Marketing & Communications
- Marketing Manager
- Sales Manager
- Customer Service Representative
- Current market dynamics and challenges
- End User Segment Split and Authenticity
- Yesteryear trends
- Market characteristics
- Competition structure and market structure
- Strategic growth initiatives
- Market segment splits and authenticity
- Near-term and long-term market growth prospects
- Opinions on market projections and validity of assumptions
- World Bank
- American Automobile Association, Inc.
Primary Interview Splits