Advanced Driver Assistance System (ADAS) Testing Equipment Market Outlook 2031
Advanced Driver Assistance System (ADAS) Testing Equipment Market Outlook 2031
Segments - Advanced Driver Assistance System (ADAS) Testing Equipment Market by Type (Camera Diagnostic & Repair, Scanner & Coders, Automotive RADAR & LIDAR Sensor Calibration System, and Others), End-users (OEM Authorized Workshops, Independent Organized Workshops, and Multi-Brand Organized Workshops), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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Report Description
The global advanced driver assistance system (ADAS) testing equipment market size was USD 41.9 Billion in 2022 and is likely to reach USD 173.1 Billion by 2031, expanding at a CAGR of 13.7% during 2023–2031. The market is propelled by the growing awareness of road safety measures and the adoption of hi-tech equipment in the automobile industry.
Rising technological advancements in cameras, radars, and sensors are leading to the development of highly sophisticated advanced driver assistance system (ADAS) testing equipment market. Due to the high demand by consumers for ADAS features in their vehicles, such as adaptive cruise control and lane-keeping assistance, automobile manufacturers are implementing these technologies into the vehicles after rigorous testing. This is increasing the demand for ADAS testing equipment.
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As per the report published by the Highway Loss Data Institute in April 2022, more than 71% of registered vehicles are expected to be equipped with rear cameras by 2026. The rear parking sensors are likely to be available in 60% of vehicles by the same year.
Rapid urbanization leads to problems such as increased traffic congestion, which makes ADAS features such as traffic jam assist, surround view, parking assist, pedestrian detection, and automatic emergency braking highly valuable. These features need to be extensively tested before the vehicles are deployed into the market. With the integration of features such as autonomous driving, the requirement for ADAS testing equipment is projected to increase significantly, propelling the market in the coming years.
The research report finds that the COVID-19 pandemic hindered the market, due to the lockdown imposed by various governments across the world. This interrupted the transportation and distribution activities, leading to a deficit between supply and demand. Moreover, the sales of automobiles significantly went down, leading to a decline in the requirement for ADAS testing equipment.
Impact of Artificial Intelligence (AI) on the Advanced Driver Assistance System (ADAS) Testing Equipment Market
The use of artificial intelligence is likely to provide substantial propulsion to the advanced driver assistance system testing equipment market. With the help of AI, the system executes the required task on its own without any human interference. In addition, AI uses the data from the parking sensors to enhance the capability of ADAS systems and plan a new route or display precise traffic data to avoid traffic jams.
Advanced Driver Assistance System (ADAS) Testing Equipment Market Dynamics
Major Drivers
Increasing sales and production of automotive vehicles are expected to drive the market during the projection period. Factors such as technological advancements in the automotive industry, rising disposable income of consumers, and a surge in population have led to a high demand for automobiles that are equipped with ADAS technology. This propels the requirement for ADAS testing equipment and is likely to create a major propulsion in the market in the years to come.
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According to a survey report published in August 2023, close to 75% of the US population owned cars by the end of March 2023. In addition, 20% have access to some type of family or company car.
Existing Restraints
High initial costs and malfunctioning problems in ADAS systems are anticipated to hamper the market during the forecast period. The implementation of ADAS technology in automobiles significantly hikes the price, which makes it unaffordable for low- to mid-income consumers. Furthermore, despite the constant upgrades in technology and rigorous testing before deployment, the ADAS system often faces technical challenges and complications with the malfunctioning of equipment such as cameras, sensors, and radars. This is likely to impede the market in the near future.
Emerging Opportunities
Rising requirement for road safety systems is anticipated to provide substantial growth opportunities for the market. The upsurge in awareness of road safety is leading to various governments and regulatory bodies around the world mandating the use of ADAS systems in modern automobiles to manufacturers of the automotive industry. Furthermore, several major key players are proactively implementing ADAS technologies in their vehicles to enhance the vehicle quality and ensure the safety of their customers. With the increasing production of automobiles in several parts of the world, the market is expected to experience major propulsion during the assessment period.
Scope of the Advanced Driver Assistance System (ADAS) Testing Equipment Market Report
The market report includes an assessment of the market trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Advanced Driver Assistance System (ADAS) Testing Equipment Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Type (Camera Diagnostic & Repair, Scanner & Coders, Automotive RADAR & LIDAR Sensor Calibration System, and Others), and End-users (OEM Authorized Workshops, Independent Organized Workshops, and Multi-Brand Organized Workshops) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Aptiv, Inc.; Continental AG; DENSO CORPORATION; HYUNDAI MOBIS; Konrad GmbH; Magna International Inc.; Robert Bosch LLC; Valeo; Veoneer HoldCo, LLC; Nissan; MG Motorl; and Zeppelin Systems GmbH. |
Advanced Driver Assistance System (ADAS) Testing Equipment Market Segment Insights
Type Segment Analysis
Based on type, the advanced driver assistance system (ADAS) testing equipment market is divided into camera diagnostic & repair, scanner & coders, automotive radar & lidar sensor calibration system, and others. The scanner & coders segment is projected to hold the major share of the market during the projection period as the scan tools aid in calibrating various ADAS systems.
Features such as blind spot monitoring, lane departure warning, adaptive cruise control, and others require extensive testing before deployment. This equipment enables technicians to assess different components of the ADAS system and ensure their optimum performance. Consequently, this segment is expected to grow at a significant rate during the projection period.
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According to a survey report published in July 2022, the market value for adaptive cruise control features is USD 4.49 billion as per the estimates for 2021. For the lane departure warning feature, this value is USD 2.6 billion for the same year.
End-users Segment Analysis
On the basis of end-users, the global market is segregated into OEM-authorized workshops, independent organized workshops, and multi-brand organized workshops. The OEM-authorized workshops segment is projected to register a high CAGR during the forecast period. ADAS testing usually entails developing convoluted scenarios with multiple vehicles or targets to test the vehicle's system functioning in the event of an imminent crash.
In order to test and verify the ADAS software for autonomous driving function, the original equipment manufacturers (OEMs) perform tests such as X-in-the-loop approaches, augmentation of measured data, and use of virtual environment simulation. With the increasing demand for hi-tech safety features in vehicles, this segment is likely to have substantial growth.
Regional Outlook
In terms of region, the global advanced driver assistance system (ADAS) testing equipment market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period, due to the high sales and production of vehicles in this region. The rising adoption of electric vehicles in countries such as China and Japan is a major contributor to market propulsion. These vehicles are equipped with ADAS systems and require intensive testing to ensure the proper safety of consumers. With increasing sales of these vehicles, this region is likely to have significant growth.
Europe is projected to witness a considerable rise in the coming years, owing to the strict regulations imposed by the governments to limit fuel emissions. Initiatives to enhance safety features in vehicles are being taken by the European government. The latest vehicle safety regulation has made it mandatory for all cars, manufactured and sold after 2022 to include 15 ADAS features. This move is expected to drive the sales and demand for vehicles equipped with ADAS technology in the region.
Segments
The advanced driver assistance system testing equipment market has been segmented on the basis of
Type
- Camera Diagnostic & Repair
- Scanner & Coders
- Automotive RADAR & LIDAR Sensor Calibration System
- Others
End-users
- OEM Authorized Workshop
- Independent Organized Workshops
- Multi-Brand Organized Workshops
Region
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- Aptiv, Inc.
- Continental AG
- DENSO CORPORATION
- HYUNDAI MOBIS
- Konrad GmbH
- Magna International Inc.
- Robert Bosch LLC
- Valeo
- Veoneer HoldCo, LLC
- Nissan
- MG Motor
- Zeppelin Systems GmbH
Competitive Landscape
Key players competing in the global advanced driver assistance system testing equipment market are Aptiv, Inc.; Continental AG; DENSO CORPORATION; HYUNDAI MOBIS; Konrad GmbH; Magna International Inc.; Robert Bosch LLC; Valeo; Veoneer HoldCo, LLC; Nissan; MG Motor; and Zeppelin Systems GmbH.
These companies adopt development strategies including mergers, product launches, acquisitions, collaboration, partnerships, and production expansion to get an edge over the competitors. They make extensive investments in research and development to boost their global presence. For instance,
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In January 2023, MG Motor, one of the prominent car manufacturers, unveiled its Next-Generation Hector, which has autonomous ADAS technology and is equipped with various hi-tech features. As per the company, this technology has been developed to provide much greater safety and convenience in driving than ever before.
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In April 2022, Nissan, one of the leading car manufacturers in the world, launched its latest technology for autonomous driving. It uses real-time information about the surrounding environment of the vehicle to substantially enhance collision avoidance.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. Advanced Driver Assistance System (ADAS) Testing Equipment Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Advanced Driver Assistance System (ADAS) Testing Equipment Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Advanced Driver Assistance System (ADAS) Testing Equipment Market - Supply Chain
4.5. Global Advanced Driver Assistance System (ADAS) Testing Equipment Market Forecast
4.5.1. Advanced Driver Assistance System (ADAS) Testing Equipment Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Advanced Driver Assistance System (ADAS) Testing Equipment Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Advanced Driver Assistance System (ADAS) Testing Equipment Market Absolute $ Opportunity
5. Global Advanced Driver Assistance System (ADAS) Testing Equipment Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by Types
5.3.1. Camera Diagnostic & Repair
5.3.2. Scanner & Coders
5.3.3. Automotive RADAR & LIDAR Sensor Calibration System
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Advanced Driver Assistance System (ADAS) Testing Equipment Market Analysis and Forecast by End Users
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by End Users
6.2.2. Y-o-Y Growth Projections by End Users
6.3. Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by End Users
6.3.1. OEM Authorized Workshop
6.3.2. Independent Organized Workshops
6.3.3. Multi-Brand Organized Workshops
6.4. Absolute $ Opportunity Assessment by End Users
6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Advanced Driver Assistance System (ADAS) Testing Equipment Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Advanced Driver Assistance System (ADAS) Testing Equipment Demand Share Forecast, 2019-2026
8. North America Advanced Driver Assistance System (ADAS) Testing Equipment Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by Types
8.4.1. Camera Diagnostic & Repair
8.4.2. Scanner & Coders
8.4.3. Automotive RADAR & LIDAR Sensor Calibration System
8.4.4. Others
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by End Users
8.7.1. OEM Authorized Workshop
8.7.2. Independent Organized Workshops
8.7.3. Multi-Brand Organized Workshops
8.8. Basis Point Share (BPS) Analysis by End Users
8.9. Y-o-Y Growth Projections by End Users
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Advanced Driver Assistance System (ADAS) Testing Equipment Demand Share Forecast, 2019-2026
9. Latin America Advanced Driver Assistance System (ADAS) Testing Equipment Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by Types
9.4.1. Camera Diagnostic & Repair
9.4.2. Scanner & Coders
9.4.3. Automotive RADAR & LIDAR Sensor Calibration System
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by End Users
9.7.1. OEM Authorized Workshop
9.7.2. Independent Organized Workshops
9.7.3. Multi-Brand Organized Workshops
9.8. Basis Point Share (BPS) Analysis by End Users
9.9. Y-o-Y Growth Projections by End Users
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Advanced Driver Assistance System (ADAS) Testing Equipment Demand Share Forecast, 2019-2026
10. Europe Advanced Driver Assistance System (ADAS) Testing Equipment Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by Types
10.4.1. Camera Diagnostic & Repair
10.4.2. Scanner & Coders
10.4.3. Automotive RADAR & LIDAR Sensor Calibration System
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by End Users
10.7.1. OEM Authorized Workshop
10.7.2. Independent Organized Workshops
10.7.3. Multi-Brand Organized Workshops
10.8. Basis Point Share (BPS) Analysis by End Users
10.9. Y-o-Y Growth Projections by End Users
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Advanced Driver Assistance System (ADAS) Testing Equipment Demand Share Forecast, 2019-2026
11. Asia Pacific Advanced Driver Assistance System (ADAS) Testing Equipment Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by Types
11.4.1. Camera Diagnostic & Repair
11.4.2. Scanner & Coders
11.4.3. Automotive RADAR & LIDAR Sensor Calibration System
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by End Users
11.7.1. OEM Authorized Workshop
11.7.2. Independent Organized Workshops
11.7.3. Multi-Brand Organized Workshops
11.8. Basis Point Share (BPS) Analysis by End Users
11.9. Y-o-Y Growth Projections by End Users
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Advanced Driver Assistance System (ADAS) Testing Equipment Demand Share Forecast, 2019-2026
12. Middle East & Africa Advanced Driver Assistance System (ADAS) Testing Equipment Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by Types
12.4.1. Camera Diagnostic & Repair
12.4.2. Scanner & Coders
12.4.3. Automotive RADAR & LIDAR Sensor Calibration System
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Advanced Driver Assistance System (ADAS) Testing Equipment Market Size and Volume Forecast by End Users
12.7.1. OEM Authorized Workshop
12.7.2. Independent Organized Workshops
12.7.3. Multi-Brand Organized Workshops
12.8. Basis Point Share (BPS) Analysis by End Users
12.9. Y-o-Y Growth Projections by End Users
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Advanced Driver Assistance System (ADAS) Testing Equipment Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Advanced Driver Assistance System (ADAS) Testing Equipment Market: Market Share Analysis
13.2. Advanced Driver Assistance System (ADAS) Testing Equipment Distributors and Customers
13.3. Advanced Driver Assistance System (ADAS) Testing Equipment Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Aptiv, Inc.
13.4.2. Continental AG
13.4.3. DENSO CORPORATION
13.4.4. HYUNDAI MOBIS
13.4.5. Konrad GmbH
13.4.6. Magna International Inc.
13.4.7. Robert Bosch LLC
13.4.8. Valeo
13.4.9. Veoneer HoldCo, LLC
13.4.10. Nissan
13.4.11. MG Motor
13.4.12. Zeppelin Systems GmbH
Methodology
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