ADAS Calibration Equipment Trends and Forecast
The future of the global ADAS calibration equipment market looks promising with opportunities in the automotive OEM, tier 1 supplier, and service station markets. The global ADAS calibration equipment market is expected to reach an estimated $538.3 million by 2030 with a CAGR of 11.6% from 2024 to 2030. The major drivers for this market are growing number of car accidents and increasing enforcement of strict laws to enhance passenger safety.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
ADAS Calibration Equipment by Segment
The study includes a forecast for the global ADAS calibration equipment by vehicle type, end use, and region.
ADAS Calibration Equipment Market by Vehicle Type [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Vehicles
• Commercial Vehicles
ADAS Calibration Equipment Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Automotive OEMs
• Tier 1 Suppliers
• Service Stations
ADAS Calibration Equipment Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of ADAS Calibration Equipment Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ADAS calibration equipment companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ADAS calibration equipment companies profiled in this report include-
• Robert Bosch
• Mahle
• HELLA
• TEXA
• Autel Intelligent Technology
• Launch Tech
• COJALI
• Hofmann Megaplan
• The Burke Porter Group
• Hunter Engineering
ADAS Calibration Equipment Market Insights
Lucintel forecasts that passenger vehicle will remain the larger segment over the forecast period due to growing desire for ADAS calibration equipment in this vehicles to increase driving function automation, particularly for mid-range and luxury car models.
Within this market, automotive OEM will remain the largest segment over the forecast period.
North America will remain the largest region over the forecast period due to increasing car sales and existence of key automotive manufacturers in the region.
Features of the Global ADAS Calibration Equipment Market
Market Size Estimates: ADAS calibration equipment market size estimation in terms of value ($M).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: ADAS calibration equipment market size by vehicle type, end use, and region in terms of value ($M).
Regional Analysis: ADAS calibration equipment market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different vehicle types, end uses, and regions for the ADAS calibration equipment market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ADAS calibration equipment market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the ADAS calibration equipment market size?
Answer: The global ADAS calibration equipment market is expected to reach an estimated $538.3 million by 2030.
Q2. What is the growth forecast for ADAS calibration equipment market?
Answer: The global ADAS calibration equipment market is expected to grow with a CAGR of 11.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the ADAS calibration equipment market?
Answer: The major drivers for this market are growing number of car accidents and increasing enforcement of strict laws to enhance passenger safety.
Q4. What are the major segments for ADAS calibration equipment market?
Answer: The future of the ADAS calibration equipment market looks promising with opportunities in the automotive OEM, tier 1 supplier, and service station markets.
Q5. Who are the key ADAS calibration equipment market companies?
Answer: Some of the key ADAS calibration equipment companies are as follows:
• Robert Bosch
• Mahle
• HELLA
• TEXA
• Autel Intelligent Technology
• Launch Tech
• COJALI
• Hofmann Megaplan
• The Burke Porter Group
• Hunter Engineering
Q6. Which ADAS calibration equipment market segment will be the largest in future?
Answer: Lucintel forecasts that passenger vehicle will remain the larger segment over the forecast period due to growing desire for ADAS calibration equipment in this vehicles to increase driving function automation, particularly for mid-range and luxury car models.
Q7. In ADAS calibration equipment market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to increasing car sales and existence of key automotive manufacturers in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the ADAS calibration equipment market by vehicle type (passenger vehicles and commercial vehicles), end use (automotive OEMs, tier 1 suppliers, and service stations), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to ADAS Calibration Equipment Market, ADAS Calibration Equipment Market Size, ADAS Calibration Equipment Market Growth, ADAS Calibration Equipment Market Analysis, ADAS Calibration Equipment Market Report, ADAS Calibration Equipment Market Share, ADAS Calibration Equipment Market Trends, ADAS Calibration Equipment Market Forecast, ADAS Calibration Equipment Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.