OEMs to Play a Vital Role in the Growth of Advanced Driver Assistance System (ADAS) Testing Equipment Market
Global Advanced Driver Assistance System (ADAS) Testing Equipment Market: Forecast Analysis by Future Market Insights
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
Request Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-283
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.
Request to View TOC @ https://www.futuremarketinsights.com/askus/rep-gb-283
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.
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
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 OEMs to Play a Vital Role in the Growth of Advanced Driver Assistance System (ADAS) Testing Equipment Market here
News-ID: 1439055 • Views: 154
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for ADAS
ADAS Navigation Market Size, Industry Status and Forecast 2019-2025
Download Sample Study @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=1708707 The Global ADAS Navigation Industry Report 2019 is a professional and in-depth study on the current state of the ADAS Navigation Market. Key #Companies Analysis- Aisin Seikei, Robert Bosch, Denso Corp., Omron Corp., TRW Automotive, Valeo, Magna International, Autoliv, Hyundai Mobis, Delphi Automotive Complete report on ADAS Navigation market spread across 113 pages, profiling 10 companies and supported with tables and figures. Available at https://www.reportsnreports.com/contacts/discount.aspx?name=1708707 The report
Global Advanced Driver Assistance System (ADAS) Market
Global Advanced Driver Assistance System (ADAS) Market – Industry Analysis and Forecast (2017-2026) – By Technology, Sensor, Vehicle, Distribution Channel and Region. Global Advanced Driver Assistance System (ADAS) Market was valued US$ 23.2 Bn in 2017 and is expected to reach US$ 89.8 Bn by 2026, at a CAGR of 18.43 % during the forecast period. Rising traffic safety issues coupled with encouraging monitoring standards regarding the installation of these systems will
Autonomous Vehicles & ADAS Market Size & Share 2018, Professional Survey
The report analyzes and presents an overview of "Global Autonomous Vehicles & ADAS Market Professional Survey Report 2018" worldwide. The main objective of this report is to define, describe, and forecast the global “Autonomous Vehicles & ADAS” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities,
Automotive ADAS in China 2017-2021 Market
Global Research and Development News -- . . "Automotive ADAS Market in China 2017-2021" with coming years Industries Trends, projections of Global Growth, Major key player and Case study, Review, Share, Size, Effect. ' ' -About Automotive ADAS An advanced driver assistance system (ADAS) helps the driver avoid potential collisions by controlling the vehicle when the user is unable to respond in time. All safety features alert the driver of imminent collisions and prompt
Automotive ADAS Market Develop business strategies
MarketResearchReports.Biz adds “Global Automotive ADAS Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Automotive ADAS and the growth estimates for the forecasted period. Automotive ADAS are electronic components installed in vehicles, which present an intelligent driving experience to the driver. These systems comprise of unique sensors such as ultrasonic, image, RADAR, LiDAR, infrared and LASER. Deploying ADAS to
Global Automotive ADAS Industry 2018, Trends and Forecast Report
"Global Automotive ADAS Industry 2018, Trends and Forecast Report" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. . . Description- '