Global ADAS Calibration Equipment Market: Snapshot
The global ADAS (advanced driver assistance systems) calibration equipment market is pegged to gain noteworthy amount in revenues during the forecast period of 2019 to 2028. This growth is attributed to thriving automotive sector in all the worldwide locations. The segmentation of the global ADAS calibration equipment market is performed on the basis of vehicle, end-user, and region. Based on end-user, the market for ADAS calibration equipment is bifurcated into tier 1 suppliers, automotive OEMs, and service stations.
An upcoming research report from TMR on the ADAS calibration equipment market offers in-depth assessment of vital elements impacting positively and negatively on the overall market growth. In addition, it provides reliable data on shares, volume, revenues, probable growth avenues, and key players in working this market. The report gives helpful insights of the ADAS calibration equipment market for the forecast period of 2019–2028 and works as a complete guide.
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Global ADAS Calibration Equipment Market: Growth Dynamics
In recent period, major population from all across the world is inclined toward the use of ADAS in mid-range passenger vehicles. This factor is working as a key driver for the growth of the global ADAS calibration equipment market. This aside, enterprises working in the automotive industry are growing efforts to incorporate advanced technologies in their vehicles. The key motive for this move is to improve the safety of vehicles. Thus, it is safe to say that the automotive industry is growing use of active as well as passive vehicle safety technologies in all vehicle types. This move is stimulating the growth of the global ADAS calibration equipment market.
The passenger segment in the global ADAS calibration equipment market is projected to show prodigious growth during the forecast period of 2019 to 2028. One of the key reasons for this growth is growing use of ADAS in mid-sized and luxury cars.
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Global ADAS Calibration Equipment Market: Competitive Analysis
The global ADAS calibration equipment market is moderately fragmented in nature. Presence of many international and regional players connotes that the competition level of the market for ADAS calibration equipment is highly intense. Enterprises working in this market are investing heavily in research and development activities. This strategy is used by vendors to offer superior quality products.
Several vendors working in the ADAS calibration equipment market are growing efforts for the development of ADAS cameras and automotive sensors. These features are intended to help vehicles in detecting obstacles. Thus, the continuous efforts of vendors to improve the product quality are projected to boost the global ADAS calibration equipment market growth.
The list of key players in the global ADAS calibration equipment market includes:
- Mahle GmbH
- Robert Bosch GmbH
- HELLA GmbH & Co.
- Autel Intelligent Technology Corp., Ltd.
- TEXA S.p.A
- COJALI S.L.
- LAUNCH TECH CO. LTD
- Hofmann Megaplan GmbH
Global ADAS Calibration Equipment Market: Regional Assessment
The global ADAS calibration equipment market is spread across eight key regions, namely, East Asia, North America, South Asia, Latin America, Europe, the Middle East & Africa (MEA), Oceania, and Emerging Countries. Of them, Europe is one of the leading regions of the market for ADAS calibration equipment. Key enterprises from automotive industry of Western Europe are focused on increasing the manufacturing of SUVs as well as mid-sized vehicles. As a result, they are growing the demand for products from the ADAS calibration equipment market. This factor is pushing market growth in Europe.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.