Automotive ADAS Aftermarket Market | Leading Segments, Trends, Drivers and Challenges
Continental AG, Garmin Ltd., Gentex Corp., Intel Corp., Knorr Bremse AG, Nortek Security and Control LLC, and Valeo SA are among some of the key vendors discussed in the research report
Global automotive ADAS aftermarket market is likely to post an incremental growth of $ 3.15 billion, accelerating at a CAGR of over 10.03% during the forecast period. This research provides a detailed analysis of the market segments and geographic landscape. It also offers insights into the various growth factors and challenges that are likely to have a negative impact on market growth. This thorough research will equip clients with the insights necessary to plan and strategize a post-pandemic recovery plan.
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Automotive ADAS Aftermarket Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by Technology (Passive park assists, FCWS and LDWS, and Others) and Geography (North America, Europe, APAC, MEA, and South America).
- 32% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Automotive ADAS Aftermarket Market size.
Automotive ADAS Aftermarket Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Decline in sensor prices will be a significant factor in driving the growth of the Automotive ADAS Aftermarket Market.
- Priority of automotive safety among customers will be instrumental in driving market growth during the forecast period.
- Adoption of active ADAS technologies by OEMs is a hurdle that needs to be crossed on the path to success.
Automotive ADAS Aftermarket Market: Vendor Analysis
- The market is fragmented.
- Brandmotion LLC, Continental AG, Garmin Ltd., Gentex Corp., Intel Corp., Knorr Bremse AG, Nortek Security and Control LLC, Valeo SA, VOXX International Corp., and Wabtec Corp. are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
- Automotive ADAS Aftermarket Market Split by Technology
- Passive park assists
- FCWS and LDWS
- Others
- Automotive ADAS Aftermarket Market Split by Geography
- North America
- Europe
- APAC
- MEA
- South America
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Brandmotion LLC
- Continental AG
- Garmin Ltd.
- Gentex Corp.
- Intel Corp.
- Knorr Bremse AG
- Nortek Security and Control LLC
- Valeo SA
- VOXX International Corp.
- Wabtec Corp.
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The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of over 10.03%.
- What is the incremental growth of the market?
The market is expected to grow by $ 3.15 bn through 2022-2026.
- What is a key factor driving this market?
Decline in sensor prices will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, Europe, APAC, MEA, and South America are the key regions featured in this research report.
- Which is the leading geographic region for this market:
32% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are Brandmotion LLC, Continental AG, Garmin Ltd., Gentex Corp., Intel Corp., Knorr Bremse AG, Nortek Security and Control LLC, Valeo SA, VOXX International Corp., and Wabtec Corp.
- What are the market segments covered in this report?
The market is segmented by Technology (Passive park assists, FCWS and LDWS, and Others) and Geography (North America, Europe, APAC, MEA, and South America)
