ADAS calibration an untapped market
The demand for ADAS calibration services will continue to rise for a decade, with the ADAS calibration equipment market due to grow at a CAGR of over 12% in that time.
Driving this growth is the continued adoption of active as well as passive safety technologies across all vehicles.
These are the findings of a report by Future Market Insights.
Its ADAS Calibration Equipment Market Study found that despite proven benefits of ADAS on vehicle safety, the deployment of ADAS is still relatively low, leaving a lot of room for aftermarket fitment.
Technologies such as ABS, electronic stability control, autonomous emergency braking system, lane departure warning, and adaptive control need to be mandatorily installed in vehicles in some developed countries and will be mandatory in few developing countries in the coming years.
ADAS recalibration services are also necessary post windshield replacement, collision repair, airbag deployment, suspension repair, front end alignment, change in tires or ride height, replacement of a faulty camera, replacement of the vehicle’s engine control module or powertrain control module, or engine control unit.
Various aftermarket participants such as dealers, automotive glass providers, mechanical repair shops, and other independent service providers are establishing centers in order to conduct ADAS calibrations. Above mentioned factor is estimated to drive the demand for ADAS calibration equipment.
In the present scenario, on an average, nearly 60 to 80 sensors are installed in a vehicle. This number is estimated to reach nearly 200 sensors per vehicle in the near future.
The report concluded that the passenger vehicle segment is projected to be most lucrative and equipment geared towards passenger cars can provide a competitive edge.
