NEW YORK, June 21, 2022 /PRNewswire/ — One of many key elements driving the worldwide Automotive ADAS Aftermarket Market development is the decline in sensor costs. The discount within the value of shows within the final decade because of broad adoption from the patron electronics and automotive segments enabled the automotive OEMs to cut back the price of infotainment programs utilized in automobiles, which additional elevated market penetration. Equally, the continual decline within the value of sensors resembling radars and cameras because of the improve within the software of those sensors within the automotive business will help the expansion of the automotive ADAS aftermarket market. For example, in 2018, world smartphone shipments had been about 1.3 billion models. This allowed the digital camera suppliers to cut back the costs of cameras, that are an important element for a lot of ADAS applied sciences. Furthermore, radar sensors witnessed a discount of their costs and are presently priced within the vary of USD 50 to USD 200. Such elements are anticipated to positively affect the market in focus through the forecast interval.
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Automotive ADAS Aftermarket Market: Regional Evaluation & Forecast
The Automotive ADAS Aftermarket Market is segmented by geography (North America, Europe, APAC, MEA, and South America). 32% of the market’s development will originate from APAC through the forecast interval. China and Japan are the important thing markets for the automotive ADAS aftermarket in APAC. Market development on this area will probably be sooner than the expansion of the market in North America, Europe, and MEA. The numerous improve within the adoption of the automotive ADAS aftermarket and the presence of distinguished revenue-contributing nations resembling China, Japan, and South Korea will facilitate the automotive ADAS aftermarket market development in APAC over the forecast interval.
Automotive ADAS Aftermarket Market Scope |
|
Report Protection |
Particulars |
Web page quantity |
120 |
Base yr |
2021 |
Forecast interval |
2022-2026 |
Development momentum & CAGR |
Speed up at a CAGR of 10.03% |
Market development 2022-2026 |
$ 3.15 billion |
Market construction |
Fragmented |
YoY development (%) |
8.12 |
Regional evaluation |
North America, Europe, APAC, MEA, and South America |
Performing market contribution |
APAC at 32% |
Key shopper nations |
US, Germany, China, France, and Japan |
Aggressive panorama |
Main firms, aggressive methods, shopper engagement scope |
Corporations profiled |
Brandmotion LLC, Continental AG, Garmin Ltd., Gentex Corp., Intel Corp., Knorr Bremse AG, Nortek Safety and Management LLC, Valeo SA, VOXX Worldwide Corp., and Wabtec Corp. |
Market Dynamics |
Guardian market evaluation, Market development inducers and obstacles, Quick-growing and slow-growing phase evaluation, COVID 19 affect and future shopper dynamics, market situation evaluation for forecast interval, |
Customization preview |
If our report has not included the info that you’re on the lookout for, you may attain out to our analysts and get segments custom-made. |
Automotive ADAS Aftermarket Market: Adoption of Energetic ADAS Applied sciences by OEMs to Problem the Market Development
The aftermarket adoption of ADAS is proscribed to passive programs (because of their cost-effectiveness) that present simply alerts or warnings to drivers. Nevertheless, automotive OEMs should not limiting their choices to passive programs because the adoption of superior ADAS applied sciences resembling adaptive cruise management (ACC), and superior emergency braking system (AEBS) has been rising in mass-segment automobiles, which created a know-how hole between OEM choices and aftermarket choices of ADAS. Furthermore, lack of belief in ADAS results in uncertainty in person acceptance of aftermarket ADAS System reliability is being challenged by customers, which is impacting the broad adoption of ADAS merchandise within the aftermarket. Such elements are anticipated to negatively affect the market in focus through the forecast interval.
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Automotive ADAS Aftermarket Market: Segmentation Evaluation & Forecasts
The Automotive ADAS Aftermarket Market is segmented by know-how (passive park assists, FCWS and LDWS, and others), car kind (passenger automobiles and business automobiles). The market share development by the passive park assists phase will probably be vital through the forecast interval. In 2021, the passive park assists phase dominated the worldwide automotive ADAS aftermarket and is predicted to proceed the identical through the forecast interval. The expansion will probably be supported by the adoption of passive programs owing to the tight parking areas in city localities and the demand for easy and cost-effective options for his or her lower-trim automobiles and older fashions.
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Desk of Contents
1. Government Abstract
2. Market Panorama
2.1 Market ecosystem
Exhibit 01: Guardian market
2.2: Market Traits
2.2 Worth chain evaluation
Exhibit 02: Worth Chain Evaluation: Automotive parts and equipment market
2.2.1 Inputs:
2.2.2 Inbound logistics
2.2.3 Operations
2.2.4 Distribution and logistics:
2.2.5 Advertising and marketing and gross sales:
2.2.6 Service
2.2.7 Business improvements
3. Market Sizing
3.1 Market definition
Exhibit 03: Choices of distributors included out there definition
3.2 Market phase evaluation
Exhibit 04: Market segments
3.3 Market dimension 2020
3.4 Market outlook: Forecast for 2020 – 2025
Exhibit 05: International – Market dimension and forecast 2021 – 2026 ($ million)
Exhibit 06: International market: Yr-over-year development 2021 – 2026 (%)
4. 5 Forces Evaluation
4.1 5 Forces Abstract
Exhibit 07: 5 forces evaluation 2020 & 2025
4.2 Bargaining energy of consumers
4.3 Bargaining energy of suppliers
4.4 Risk of recent entrants
4.5 Risk of substitutes
4.6 Risk of rivalry
4.7 Market situation
Exhibit 08: Market situation – 5 forces 2021
5 Market Segmentation by Expertise
5.1 Market segments
The segments coated on this chapter are:
-
Passive park assists
-
FCWS and LDWS
-
Others
Exhibit 09: Expertise – Market share 2021-2026 (%)
5.2 Comparability by Expertise
Exhibit 10: Comparability by Expertise
5.3 Passive park assists – Market dimension and forecast 2021-2026
Exhibit 11: Passive park assists – Market dimension and forecast 2021-2026 ($ million)
Exhibit 12: Passive park assists – Yr-over-year development 2021-2026 (%)
5.4 FCWS and LDWS – Market dimension and forecast 2021-2026
Exhibit 13: FCWS and LDWS – Market dimension and forecast 2021-2026 ($ million)
Exhibit 14: FCWS and LDWS – Yr-over-year development 2021-2026 (%)
5.5 Others – Market dimension and forecast 2021-2026
Exhibit 15: Others – Market dimension and forecast 2021-2026 ($ million)
Exhibit 16: Others – Yr-over-year development 2021-2026 (%)
5.6 Market alternative by Expertise
Exhibit 17: Market alternative by Expertise
6 Buyer panorama
6.1 Overview
Exhibit 18: Buyer panorama
7 Geographic Panorama
7.1 Geographic segmentation
Exhibit 19: Market share by geography 2021-2026 (%)
7.2 Geographic comparability
Exhibit 20: Geographic comparability
7.3 North America – Market dimension and forecast 2021-2026
Exhibit 21: North America – Market dimension and forecast 2021-2026 ($ million)
Exhibit 22: North America – Yr-over-year development 2021-2026 (%)
7.4 Europe – Market dimension and forecast 2021-2026
Exhibit 23: Europe – Market dimension and forecast 2021-2026 ($ million)
Exhibit 24: Europe – Yr-over-year development 2021-2026 (%)
7.5 APAC – Market dimension and forecast 2021-2026
Exhibit 25: APAC – Market dimension and forecast 2021-2026 ($ million)
Exhibit 26: APAC – Yr-over-year development 2021-2026 (%)
7.6 MEA – Market dimension and forecast 2021-2026
Exhibit 27: MEA – Market dimension and forecast 2021-2026 ($ million)
Exhibit 28: MEA – Yr-over-year development 2021-2026 (%)
7.7 South America – Market dimension and forecast 2021-2026
Exhibit 29: South America – Market dimension and forecast 2021-2026 ($ million)
Exhibit 30: South America – Yr-over-year development 2021-2026 (%)
7.8 Key main nations
Exhibit 31: Key main nations
7.9 Market alternative by geography
Exhibit 32: Market alternative by geography ($ million)
8 Drivers, Challenges, and Tendencies
8.1 Market drivers
8.1.1 Decline in sensor costs
8.1.2 Precedence of automotive security amongst clients
8.1.3 Stringent laws selling the adoption of ADAS
8.2 Market challenges
8.2.1 Adoption of energetic ADAS applied sciences by OEMs
8.2.2 Lack of belief in ADAS resulting in uncertainty in person acceptance of aftermarket ADAS
8.2.3 Rising scarcity of expert automotive technicians
Exhibit 33: Influence of drivers and challenges
8.3 Market tendencies
8.3.1 Rising improvement of aftermarket ADAS for CVs
8.3.2 Improvement of extremely correct map content material for ADAS
8.3.3 Rising on-line buy of aftermarket ADAS
9. Vendor Panorama
9.1 Aggressive situation
9.2 Vendor panorama
Exhibit 34: Vendor Panorama
9.3 Panorama disruption
Exhibit 35: Panorama disruption
9.4 Business dangers
Exhibit 36: Business dangers
10. Vendor Evaluation
10.1 Distributors coated
Exhibit 37: Distributors coated
10.2 Market positioning of distributors
Exhibit 38: Market positioning of distributors
10.3 Brandmotion LLC
Exhibit 39: Brandmotion LLC – Overview
Exhibit 40: Brandmotion LLC – Enterprise segments
Exhibit 41: Brandmotion LLC – Key choices
10.4 Continental AG
Exhibit 42: Continental AG – Overview
Exhibit 43: Continental AG – Enterprise segments
Exhibit 44: Continental AG – Key choices
Exhibit 45: Continental AG – Phase focus
10.5 Garmin Ltd.
Exhibit 46: Garmin Ltd. – Overview
Exhibit 47: Garmin Ltd. – Enterprise segments
Exhibit 48: Garmin Ltd. – Key choices
Exhibit 49: Garmin Ltd. – Phase focus
10.6 Gentex Corp.
Exhibit 50: Gentex Corp. – Overview
Exhibit 51: Gentex Corp. – Enterprise segments
Exhibit 52: Gentex Corp. – Key choices
Exhibit 53: Gentex Corp. – Phase focus
10.7 Intel Corp.
Exhibit 54: Intel Corp. – Overview
Exhibit 55: Intel Corp. – Enterprise segments
Exhibit 56: Intel Corp. – Key choices
Exhibit 57: Intel Corp. – Phase focus
10.8 Knorr Bremse AG
Exhibit 58: Knorr Bremse AG – Overview
Exhibit 59: Knorr Bremse AG – Enterprise segments
Exhibit 60: Knorr Bremse AG – Key choices
Exhibit 61: Knorr Bremse AG – Phase focus
10.9 Nortek Safety and Management LLC
Exhibit 62: Nortek Safety and Management LLC – Overview
Exhibit 63: Nortek Safety and Management LLC – Product and repair
Exhibit 64: Nortek Safety and Management LLC – Key choices
10.10 Valeo SA
Exhibit 65: Valeo SA – Overview
Exhibit 66: Valeo SA – Enterprise segments
Exhibit 67: Valeo SA – Key choices
Exhibit 68: Valeo SA – Phase focus
10.11 VOXX Worldwide Corp.
Exhibit 69: VOXX Worldwide Corp. – Overview
Exhibit 70: VOXX Worldwide Corp. – Enterprise segments
Exhibit 71: VOXX Worldwide Corp. – Key choices
Exhibit 72: VOXX Worldwide Corp. – Phase focus
10.12 Wabtec Corp.
Exhibit 73: Wabtec Corp. – Overview
Exhibit 74: Wabtec Corp. – Enterprise segments
Exhibit 75: Wabtec Corp. – Key choices
11. Appendix
11.1 Scope of the report
11.1.1 Market definition
11.1.2 Targets
11.1.3 Notes and caveats
11.2 Forex conversion charges for US$
Exhibit 76: Forex conversion charges for US$
11.3 Analysis Methodology
Exhibit 77: Analysis Methodology
Exhibit 78: Validation methods employed for market sizing
Exhibit 79: Info sources
11.4 Listing of abbreviations
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