Press release
Advanced Driver Assistance Systems (ADAS) Testing Equipment Market Opportunities and Forecast Assessment (2018 - 2028)
Global Advanced Driver Assistance System (ADAS) Testing Equipment Market: Forecast Analysis by Future Market Insights
Request for sample Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-283
The global advanced driver assistance systems testing equipment market is projected to expand at a meteoric pace in the coming years. As per research, the global market is expected to rise at a value CAGR of 12.6% during the period of forecast, 2018-2028. In 2017, the global market valuation was US$ 38.3 Mn and it is anticipated to reach an estimation higher than US$ 140 Mn by end of the year of assessment
Global Advanced Driver Assistance System (ADAS) Testing Equipment Market: Competition Analysis
The key companies involved in the global advanced driver assistance systems testing equipment market are TKH Group NV, FEV Group GmbH, National Instruments Corporation, Analog Devices, Inc., Racelogic Limited, Konrad GmbH, Oxford Technical Solutions Ltd., AVL LIST GmbH, Averna Technologies Inc., Dewesoft d.o.o., AB Dynamics plc., and GeneSys Elektronik GmbH.
Global Advanced Driver Assistance System (ADAS) Testing Equipment Market: Key Highlights
North America is expected to lead the global market during the forecast period. The ADAS testing equipment market in this region is projected to expand at a high rate throughout the 2018-2028 timeline. With respect to adoption rate, China spearheads the market’s growth
Sales of advanced driver assistance systems testing equipment by OEMs is increasing at a significant pace and is expected to reach a valuation higher than US$ 100 Mn by end of the year of assessment (2028)
With respect to components, the hardware segment is expected to lead the global market with a high market share and growth rate. During the assessment period, the hardware segment is projected to expand at a value CAGR of 12.9%
Global Advanced Driver Assistance System (ADAS) Testing Equipment Market: Growth Influencing Aspects
The growth of the global advanced driver assistance testing equipment market is positively influenced by several drivers, trends and opportunities. To name a few, aspects such as increasing awareness of road and vehicle safety, prevalence of safety standards proliferating the demand for ADAS testing equipment, supportive government initiatives related to automotive industry, rising demand for testing equipment from end users, increasing focus on installing different types of advanced driver assistance systems in vehicles, increasing electrification of vehicles, development of advanced driver assistance systems by original equipment manufacturers, shifting focus towards autonomous driving and development of autonomous cars are expected to fuel the growth of the global advanced driver assistance systems testing equipment market in the coming years.
Key Challenges Restraining Global Market Growth
Market penetration of advanced driver assistance systems is facing a main challenge that is impeding its growth – pricing. Vehicles fitted with driver assistance systems are comparatively highly priced than conventional vehicles. Additionally, governments in some countries such as Thailand, India and other ASEAN countries have posed restrictions on introduction of vehicles with ADAS as these vehicles with such advanced technology are not suited for their roads. Moreover, challenges associated with the import of vehicles incorporated with ADAS are expected to hinder the growth of the market in India. Subsequently, penetration of ADAS in these countries will negatively impact the growth of the ADAS testing equipment. Also, legal guidelines and issues in China are expected to decelerate the development of ADAS products, making ADAS manufacturers face administrative liability.
Visit For Table of Contents: https://www.futuremarketinsights.com/askus/rep-gb-283
ABOUT US:
Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature.
CONTACT:
FUTURE MARKET INSIGHTS
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email: sales@futuremarketinsights.com
Website: www.futuremarketinsights.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Advanced Driver Assistance Systems (ADAS) Testing Equipment Market Opportunities and Forecast Assessment (2018 - 2028) here
News-ID: 1078907 • Views: …
More Releases from Future Market Insights
Extruded Snacks Market to Reach USD 170.3 Billion by 2035 Amid Health and Conven …
A new market analysis released today projects the global extruded snacks market to surge from an estimated USD 89.9 billion in 2025 to USD 170.3 billion by 2035, demonstrating a robust Compound Annual Growth Rate (CAGR) of 6.6%. The market is set to deliver an impressive absolute dollar opportunity of USD 80.4 billion over the forecast period, driven by a global consumer shift towards convenient, shelf-stable, and healthier snack options.
The…
Global Banana Flakes Market Soars to USD 876.1 million by 2035, Driven by Health …
A new market analysis reveals the global banana flakes market is set to expand significantly, projecting a robust Compound Annual Growth Rate (CAGR) of 4.6% from 2025 to 2035. The market, valued at USD 559.6 million in 2025, is forecast to reach USD 876.1 million by 2035, fueled by a rising consumer preference for natural, gluten-free, and plant-based ingredients in daily food choices.
This press release offers a detailed look into…
Confectionery Fillings Market Sweetens Global Outlook, Projected to Reach USD 2. …
The global confectionery fillings market is poised for significant growth, with a new market analysis revealing a robust expansion fueled by a surge in consumer demand for innovative flavors and indulgent textures. According to the analysis, the market is estimated at USD 1381.2 million in 2025 and is projected to reach USD 2207.4 million by 2035, exhibiting a healthy compound annual growth rate (CAGR) of 4.8% during the forecast period.
The…
Water Softener Market to Skyrocket to USD 8.7 Billion by 2035, Driven by Smart T …
A new market analysis reveals the global water softener market is poised for significant expansion, with a forecasted value of USD 8.7 billion by 2035. The report, covering the period from 2025 to 2035, projects a robust Compound Annual Growth Rate (CAGR) of 8.3%, up from an estimated USD 3.9 billion valuation in 2025. This surge is fueled by a combination of factors, including increasing consumer awareness of hard water's…
More Releases for ADAS
Automotive ADAS (Advanced Driver Assistance Systems (ADAS)) Market Industry Anal …
Automotive ADAS (Advanced Driver Assistance Systems) Market Size is Projected to Reach USD 74.75 Billion by 2032, Growing at a CAGR of 11.98 % From 2024-2032.
Advanced Driver-Assistance Systems (ADAS) enhance vehicle and road safety by utilizing sensors, cameras, and automated technology to detect nearby obstacles and provide critical safety features such as pedestrian detection, lane departure warning, automatic emergency braking, and blind spot detection. These systems play a pivotal…
ADAS Film Heaters Market Research Report
ADAS (Advanced Driver Assistance Systems) camera heaters are components integrated into vehicles equipped with ADAS technologies to prevent the formation of ice, frost, or condensation on the camera lenses. These heaters are designed to ensure the proper functioning of ADAS cameras, which play a crucial role in features such as lane departure warning, collision avoidance, and adaptive cruise control. In cold or inclement weather conditions, the camera heaters help maintain…
ADAS Market Worth $40.2 Billion by 2029
According to a new market research report titled, 'ADAS Market by System Type, Component (Sensors, Actuators), Vehicle Automation, Vehicle Type, End User, and Geography - Global Forecast to 2029,' the global ADAS market is projected to reach $40.2 billion by 2029, at a CAGR of 21.6% from 2022 to 2029.
Download Free Report Sample Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5377
The growth of this market is attributed to the Increasing ADAS adoption due to stringent…
Automotive ADAS Chip Market 2023 | Detailed Report
ReportsnReports publishes the report titled Automotive ADAS Chip that presents a 360-degree overview of the market under one roof. The report is developed with the meticulous efforts of an enthusiastic and experienced team of experts, analyts, and researchers that makes the report a valuable asset for stakeholders to make robust decisions. This report also provides an in-depth overview of product type, specification, technology, and production analysis considering vital factors like…
ADAS Market Insights, Growth Forecast to 2025
The Global ADAS Market research by Market Study Report. It offers a feasibility analysis for investment and returns supported with data on development trend analysis across important regions of the world
Global ADAS Research Report presents a competitive assessment and detailed statistical analysis on Global ADAS Industry prospects. The ADAS Report will enlighten the readers with market dynamics and market trends to provide a holistic market overview. The key aspects of…
What is ADAS
What is ADAS?
ADAS, as also known as, the advanced driver assistance system. It was designed to protect drivers from avoidable car accidents and reduce the loss of life and property caused by driver fatigue and distracted driving. The highest level of ADAS implementation would be Tesla’s Autopilot which employs adaptive cruise control, auto-centering, collision avoidance, etc. However, not everybody wants to pay thousands of dollars Tesla’s ADAS package. The Acumen…
