August 9, 2022

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Automotive ADAS Aftermarket Market: Demand for Passive Park Assists to Stay Highest

Automotive ADAS Aftermarket Market: Demand for Passive Park Assists to Stay Highest

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.

Automotive ADAS Aftermarket Market: Demand for Passive Park Assists to Stay Highest

Technavio has introduced its newest market analysis report titled Automotive ADAS Aftermarket by Expertise and Geography – Forecast and Evaluation 2022-2026

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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,

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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.

Associated Reviews Embody

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Automotive Ethernet Market by Software and Geography – Forecast and Evaluation 2022-2026: The automotive Ethernet market share is predicted to extend by USD 3.49 billion from 2021 to 2026, at a CAGR of 20.22%. Discover Extra Unique Analysis Insights Right here

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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