Global Automotive ADAS Aftermarket Market 2024-2028
The automotive ADAS aftermarket market is forecasted to grow by USD 4188.7 mn during 2023-2028, accelerating at a CAGR of 12.15% during the forecast period. The report on the automotive ADAS aftermarket market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by decline in sensor prices, priority of automotive safety among customers, and stringent regulations promoting adoption of adas.
Technavio's automotive ADAS aftermarket market is segmented as below:
By Technology
- Passive park assists
- FCWS and LDWS
- Others
By Vehicle Type
- Passenger vehicles
- Commercial vehicles
By Geographical Landscape
- North America
- Europe
- APAC
- Middle East and Africa
- South America
This study identifies the growing development of aftermarket ADAS for CVs as one of the prime reasons driving the automotive ADAS aftermarket market growth during the next few years. Also, development of highly accurate map content for ADAS and growing online purchase of aftermarket adas will lead to sizable demand in the market.
The report on the automotive ADAS aftermarket market covers the following areas:
- Automotive ADAS aftermarket market sizing
- Automotive ADAS aftermarket market forecast
- Automotive ADAS aftermarket market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive ADAS aftermarket market vendors that include BorgWarner Inc., Brandmotion LLC, Continental AG, CUB ELECPARTS Inc., Garmin Ltd., Gentex Corp., HELLA GmbH and Co. KGaA, Intel Corp., Information Technologies Institute Intellias LLC, Knorr Bremse AG, MINIEYE, Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sasken Technologies Ltd., Solera Holdings LLC, TomTom NV, Valeo SA, Veoneer Inc., VOXX International Corp., and ZF Friedrichshafen AG. Also, the automotive ADAS aftermarket market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.