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ADAS Calibration Equipment Market to Witness a Healthy Growth During 2019 – 2029

Global ADAS Calibration Equipment Market:  Introduction

ADAS Calibration Equipment is considered to be special purpose equipment destined for calibrating ADAS sensors, cameras, and radar. ADAS is one of the newest technology in the automotive industry which is likely to go mainstream in the upcoming years. However, the installation rates of such system will vary across the regions owing to high initial cost and regulations pertaining to its implementation. Automotive OEMs and Tier 1 suppliers for automotive components are the major end users for the ADAS calibration equipment. However, the equipment is also being purchased by independent service providers to recalibrate the ADAS in the vehicles during services.

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More often the ADAS Calibration Equipment is designed in similar format for passenger and commercial vehicles. There are few equipment designed particularly for the heavy commercial vehicles such as trucks and buses. Owing to several benefits and necessity of ADAS Calibration Equipment, the demand for ADAS Calibration Equipment is estimated to witness significant pace. This, in turn, may noticeably contribute to the growing market of ADAS Calibration Equipment across the globe during the forecast period.

Global ADAS Calibration Equipment Market:  Dynamics

Sales of ADAS Calibration Equipment is directly or indirectly related to the sales and production of automotive. Rising vehicle fleet all across the globe, coupled with increasing penetration of ADAS particularly in the economic category passenger vehicles is estimated to drive the growth of ADAS Calibration Equipment Market during the forecast period. Focus on installing different types of ADAS in vehicles is expected to underpin the outlook for ADAS Testing Equipment Market. The global demand for advanced driver assistance systems (ADAS) is expected to escalate, strengthened largely by growing consumer interest in safety applications and regulatory regimes to reduce accidents and protect drivers. This in turn is estimated to register significant opportunities for the global ADAS Calibration Equipment market. The growth in the Asia Pacific region is fueled by increasing penetration rate of active automotive safety systems, especially in nations, such as China, India and ASEAN countries.

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Global ADAS Calibration Equipment Market:  Regional Outlook

The advanced driver assistance systems market in developed regions including North America and Europe is expected to project substantial progression during the coming years, with majority of growth anticipated from OEMs, such as General Motors, Honda, Ford, Toyota, Hyundai, among others. Increasing disposable income has increased the purchasing power of people across China, South East Asia and Pacific, which has translated to increase in vehicle parc in the region. The automotive market is booming in China.

In 2001, there were only 5 million cars running in China. By the end of 2018, this number had reached 180 million. However, currently, the installation rate for most of ADAS products is very low in China, usually in luxury vehicles, subsequently creating significant opportunities for the global leaders active in the ADAS Calibration Equipment market. Several initiatives taken up by OEMs and the Government of India are expected to make India one of the leader in the overall automotive industry in the world.

Global ADAS Calibration Equipment Market:  Key Participants

There are limited number of manufactures actively seeking part in the manufacturing of vehicle ADAS calibration equipment. Hella GmbH, Robert Bosch and Texa S.p.A. are among the prominent players in the global market. Examples of some of the market participants identified across the value chain of the global ADAS Calibration Equipment market include:

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  • HELLA GmbH & Co. KGaA
  • TEXA S.p.A.
  • Hofmann Megaplan
  • Robert Bosch GmbH
  • Autel (Intelligent Technology Corp.,Ltd)
  • LAUNCH Europe GmbH
  • Mahle GmbH
  • Snap-on Incorporated
  • Hunter Engineering

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