The global ADAS (advanced driver assistance systems) calibration equipment market is pegged to gain noteworthy amount in revenues during the forecast period of 2019 to 2028. This growth is attributed to thriving automotive sector in all the worldwide locations. The segmentation of the global ADAS calibration equipment market is performed on the basis of vehicle, end-user, and region. Based on end-user, the market for ADAS calibration equipment is bifurcated into tier 1 suppliers, automotive OEMs, and service stations.
An upcoming research report from TMR on the ADAS calibration equipment market offers in-depth assessment of vital elements impacting positively and negatively on the overall market growth. In addition, it provides reliable data on shares, volume, revenues, probable growth avenues, and key players in working this market. The report gives helpful insights of the ADAS calibration equipment market for the forecast period of 2019–2028 and works as a complete guide.
Global ADAS Calibration Equipment Market: Growth Dynamics
In recent period, major population from all across the world is inclined toward the use of ADAS in mid-range passenger vehicles. This factor is working as a key driver for the growth of the global ADAS calibration equipment market. This aside, enterprises working in the automotive industry are growing efforts to incorporate advanced technologies in their vehicles. The key motive for this move is to improve the safety of vehicles. Thus, it is safe to say that the automotive industry is growing use of active as well as passive vehicle safety technologies in all vehicle types. This move is stimulating the growth of the global ADAS calibration equipment market.
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The passenger segment in the global ADAS calibration equipment market is projected to show prodigious growth during the forecast period of 2019 to 2028. One of the key reasons for this growth is growing use of ADAS in mid-sized and luxury cars.
Global ADAS Calibration Equipment Market: Competitive Analysis
The global ADAS calibration equipment market is moderately fragmented in nature. Presence of many international and regional players connotes that the competition level of the market for ADAS calibration equipment is highly intense. Enterprises working in this market are investing heavily in research and development activities. This strategy is used by vendors to offer superior quality products.
Several vendors working in the ADAS calibration equipment market are growing efforts for the development of ADAS cameras and automotive sensors. These features are intended to help vehicles in detecting obstacles. Thus, the continuous efforts of vendors to improve the product quality are projected to boost the global ADAS calibration equipment market growth.
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The list of key players in the global ADAS calibration equipment market includes:
- Mahle GmbH
- Robert Bosch GmbH
- HELLA GmbH & Co.
- Autel Intelligent Technology Corp., Ltd.
- TEXA S.p.A
- COJALI S.L.
- LAUNCH TECH CO. LTD
- Hofmann Megaplan GmbH
Global ADAS Calibration Equipment Market: Regional Assessment
The global ADAS calibration equipment market is spread across eight key regions, namely, East Asia, North America, South Asia, Latin America, Europe, the Middle East & Africa (MEA), Oceania, and Emerging Countries. Of them, Europe is one of the leading regions of the market for ADAS calibration equipment. Key enterprises from automotive industry of Western Europe are focused on increasing the manufacturing of SUVs as well as mid-sized vehicles. As a result, they are growing the demand for products from the ADAS calibration equipment market. This factor is pushing market growth in Europe.