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.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
The publisher forecasts that passenger vehicle will remain 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
Answer: The publisher forecasts that passenger vehicle will remain 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, the publisher provides 10% customization without any additional cost.
This report answers the 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?
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Global ADAS Calibration Equipment Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned
- Robert Bosch
- Mahle
- HELLA
- TEXA
- Autel Intelligent Technology
- Launch Tech
- COJALI
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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