Press release
Automotive ADAS Aftermarket Market Size, Share, and Growth Analysis by Key Players 2020-2024 | Brandmotion, Continental, Garmin, Gentex Corporation, Intel Corporation, Nortek Security & Control
"Automotive ADAS Aftermarket Market" size report 2020-2024 provides development trends, competitive landscape analysis, and key regions development status. Automotive ADAS Aftermarket market study is based on different features like segments, growth rate, revenue, leading players, regions, and forecast. Automotive ADAS Aftermarket market report is a valuable source of guidance and direction for companies and individuals interested in the industry.Global Automotive ADAS Aftermarket market size is estimated to grow at CAGR of over 9% % with Revenue USD 2.04 billion during the forecast period 2020-2024. The "YOY (year-over-year) growth rate for 2020 is
estimated at 8.79%" by the end of 2024.
"Final Report will add the analysis of the impact of COVID-19 on this industry."
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About Automotive ADAS Aftermarket Market:
Global Automotive ADAS Aftermarket Market: About this marketOur automotive ADAS aftermarket market analysis considers sales from passive car assists, FCWS and LDWS, and other technologies. Our study also finds the sales of automotive ADAS aftermarket in APAC, Europe, MEA, North America, and South America. In 2019, the passive car assists segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the continuous reduction in the prices of sensors, cameras, and displays will play a significant role in the passive car assists segment to maintain its market position. Also, our global automotive ADAS aftermarket market report looks at factors such as the decline in sensor prices, the priority of automotive safety among customers, and stringent regulations promoting the adoption of ADAS. However, adoption of active ADAS technologies by OEMs, lack of trust in ADAS leading to uncertainty in user acceptance of aftermarket ADAS, and growing shortage of skilled automotive technicians may hamper the growth of the automotive ADAS aftermarket industry over the forecast period.
Top Key Players in the Automotive ADAS Aftermarket Market:
o Brandmotion LLC.
o Continental AG
o Garmin Ltd.
o Gentex Corp.
o Intel Corp.
o Knorr-Bremse AG
o Nortek Security & Control LLC
o Valeo SA
o VOXX International Corp.
o and WABCO Holdings Inc.
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The Automotive ADAS Aftermarket market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, applications, and industry.
Market Dynamics of Automotive ADAS Aftermarket Market Report:
o Market Driver: Priority Of Automotive Safety Among Customers.
o Market Challenge: Growing Shortage Of Skilled Automotive Technicians.
o Market Trend: Growing Online Purchase Of Aftermarket Adas
Priority of automotive safety among customers
ADAS reduces vehicle crashes and fatalities caused due to factors such as drowsiness, loss of concentration, and fatigue among drivers. As a result, the demand for several ADAS technologies such as backup cameras, BSD, LDWS, and FCWS is increasing, particularly, as an aftermarket automotive fitment. Furthermore, the demand for customized products from consumers is also encouraging manufacturers to offer tailor-made ADAS aftermarket solutions will lead to the expansion of the global automotive ADAS aftermarket market at a CAGR of over 9% during the forecast period.
Growing online purchase of aftermarket ADAS
E-retailing has emerged as one of the critical platforms for customers to purchase automotive products conveniently. Consumers from remote regions can easily access e-commerce platforms to make online purchases of aftermarket ADAS. E-retailing in the automotive aftermarket further allows buyers to compare prices of automotive products from distinct brands and make informed purchase decisions. The availability of online platforms has also encouraged vendors to increase their product visibility by offering their aftermarket ADAS products on popular e-commerce portals. This development is expected to have a positive impact on the overall market growth.
The report 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. Our Automotive ADAS Aftermarket market covers the following areas:
o Automotive ADAS Aftermarket market sizing
o Automotive ADAS Aftermarket market forecast
o Automotive ADAS Aftermarket market industry analysis
Inquire or Share Your Questions If Any Before the Purchasing This Report -https://www.industryresearch.co/enquiry/pre-order-enquiry/15017370
What Global Automotive ADAS Aftermarket Market Report Offers?
o Provides strategic profiling of key players in the Automotive ADAS Aftermarket market.
o Drawing a competitive landscape for the world Automotive ADAS Aftermarket industry.
o Describes insights about factors affecting the Automotive ADAS Aftermarket market growth.
o Analyze the Automotive ADAS Aftermarket industry share based on various factors- price analysis, supply chain analysis etc.
o Extensive analysis of the industry structure along with Automotive ADAS Aftermarket market forecast 2020-2024.
o Granular Analysis with respect to the current Automotive ADAS Aftermarket industry size and future perspective.
Regions Covered in Automotive ADAS Aftermarket Market Report:
o APAC
o Europe
o MEA
o North America
o South America
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Some Points Covered from Automotive ADAS Aftermarket Market TOC:
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
o 2.1 Preface
o 2.2 Preface
o 2.3 Currency conversion rates for USD
PART 03: MARKET LANDSCAPE
o Market ecosystem
o Market characteristics
o Market segmentation analysis
o Value chain analysis
PART 04: MARKET SIZING
o Market definition
o Market sizing 2019
o Market size and forecast 2019-2024
o Market outlook
PART 05: FIVE FORCES ANALYSIS
o Bargaining power of buyers
o Bargaining power of suppliers
o Threat of new entrants
o Threat of substitutes
o Threat of rivalry
o Market condition
PART 06: MARKET SEGMENTATION BY Product Type
o Market segmentation by product
o Comparison by product
o Market opportunity by product
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
o Geographic segmentation
o Geographic comparison
o North America - Market size and forecast 2019-2024
o Europe - Market size and forecast 2019-2024
o Asia - Market size and forecast 2019-2024
o ROW - Market size and forecast 2019-2024
o Key leading countries
o Market opportunity
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
o Market drivers
o Market challenges
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
o Overview
o Landscape disruption
o Competitive scenario
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
o Research methodology
o List of abbreviations
o Definition of market positioning of vendors
PART 15: EXPLORE
For Detailed TOC - https://www.industryresearch.co/TOC/15017370#TOC
Contact Us:
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Phone: US +14242530807/ UK +44 20 3239 8187
Email: sales@industryresearch.co
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