Advanced Driver Assistance Systems (ADAS) Sensors and Related Services Growth Opportunities in the in European Aftermarket

Advanced Driver Assistance Systems (ADAS) Sensors and Related Services Growth Opportunities in the in European Aftermarket

Driven by regulation, consumer acceptance, and rapid strides in active safety system technology, the penetration of Advanced Driver Assist Systems (ADAS) in European new Light Vehicle sales has grown at a blistering pace. Even as increasing ADAS-equipped vehicle sales are anticipated to translate into lower crash rates and severity in the long term, a substantial proportion of the European light vehicle parc is estimated to be made up of non-ADAS vehicles even in the year 2030. The significant presence of such vehicles lacking active crash mitigation systems will counter the safety-boosting effects of ADAS vehicles and, hence, continue to drive collisions in the European region, albeit at a rate slightly lower than current levels. These collisions involving ADAS vehicles will, therefore, create growth opportunities in the ADAS sensor replacement and recalibration aftermarket. By investing in the right expertise and equipment, the independent aftermarket can capitalise on these emerging opportunities in the body repair segment.

RESEARCH SCOPE

The geographic scope of the study includes the erstwhile EU5 markets–France, Germany, Italy, Spain, and the United Kingdom–and the rest of European region classified into two subsegments based on the constituent markets’ performance on the road safety front over the last decade.
The vehicle segments covered include passenger cars and light commercial vehicles with a GVW greater than 3.5 tonnes.
The ADAS systems covered in the study consist of Level 0 to Level 2 systems.
The sensor categories discussed include cameras, radars, LiDARs, and ultrasonic sensors.
The study also estimates the ADAS sensor recalibration demand in the EU from collision repair jobs and specific running repair jobs such as tire and windshield replacements.

RESEARCH HIGHLIGHTS

The study has analysed the prevalent crash rates in major European market segments and forecasted the crash volumes from 2020 to 2030. The data is further sliced to account for the nature of the crash mix to gain an understanding of impact points and its implications on the types of sensors that will be damaged, thereby, requiring replacement and recalibration in the event of a collision. To arrive at the final estimates, Frost & Sullivan has relied on a representative ADAS sensor topology developed through extensive primary research with domain experts from the autonomous vehicles research field and Tier-1 suppliers with an ADAS sensor portfolio.

KEY ISSUES ADDRESSED

What is the penetration of common Level 0-2 ADAS systems in Europe?
What is the crash-affected installed base of Level 0-2 ADAS sensors in Europe due to collisions?
What is the revenue from the replacement of ADAS sensors during collision repairs?
What is the market size for ADAS sensor recalibration necessitated by collisions and running repair jobs?
Which are the top Tier-1 suppliers of ADAS sensors to OEMs in Europe?
What are the emerging growth opportunities for independent aftermarket participants in the ADAS space?
What are the latest developments in the European ADAS repair ecosystem with direct implications for the independent aftermarket in terms of repair capability, OEM data access, training and certification, and equipment?
How is the ADAS sensor distribution channel expected to evolve between 2020 and 2030 period?