Automotive ADAS Aftermarket Market: Demand for Passive Park Assists to Remain Highest | By Technology, Vehicle Type, and Geography

NEW YORK, June 21, 2022 -- One of the key factors driving the global Automotive ADAS Aftermarket Market growth is the decline in sensor prices. The reduction in the price of displays in the last decade due to wide adoption from the consumer electronics and automotive segments enabled the automotive OEMs to reduce the cost of infotainment systems used in vehicles, which further increased market penetration. Similarly, the continuous decline in the price of sensors such as radars and cameras due to the increase in the application of these sensors in the automotive industry will support the growth of the automotive ADAS aftermarket market. For instance, in 2018, global smartphone shipments were about 1.3 billion units. This allowed the camera suppliers to reduce the prices of cameras, which are a vital component for many ADAS technologies. Moreover, radar sensors witnessed a reduction in their prices and are currently priced in the range of USD 50 to USD 200. Such factors are expected to positively impact the market in focus during the forecast period.

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Automotive ADAS Aftermarket Market: Regional Analysis & Forecast

The Automotive ADAS Aftermarket Market is segmented by geography (North America, Europe, APAC, MEA, and South America). 32% of the market's growth will originate from APAC during the forecast period. China and Japan are the key markets for the automotive ADAS aftermarket in APAC. Market growth in this region will be faster than the growth of the market in North America, Europe, and MEA. The significant increase in the adoption of the automotive ADAS aftermarket and the presence of prominent revenue-contributing countries such as China, Japan, and South Korea will facilitate the automotive ADAS aftermarket market growth in APAC over the forecast period. 

Automotive ADAS Aftermarket Market: Adoption of Active ADAS Technologies by OEMs to Challenge the Market Growth

The aftermarket adoption of ADAS is limited to passive systems (due to their cost-effectiveness) that provide just alerts or warnings to drivers. However, automotive OEMs are not limiting their offerings to passive systems as the adoption of advanced ADAS technologies such as adaptive cruise control (ACC), and advanced emergency braking system (AEBS) has been rising in mass-segment vehicles, which created a technology gap between OEM offerings and aftermarket offerings of ADAS. Moreover, lack of trust in ADAS leads to uncertainty in user acceptance of aftermarket ADAS System reliability is being challenged by users, which is impacting the wide adoption of ADAS products in the aftermarket. Such factors are expected to negatively impact the market in focus during the forecast period.

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Automotive ADAS Aftermarket Market: Segmentation Analysis & Forecasts

The Automotive ADAS Aftermarket Market is segmented by technology (passive park assists, FCWS and LDWS, and others), vehicle type (passenger vehicles and commercial vehicles). The market share growth by the passive park assists segment will be significant during the forecast period. In 2021, the passive park assists segment dominated the global automotive ADAS aftermarket and is expected to continue the same during the forecast period. The growth will be supported by the adoption of passive systems owing to the tight parking spaces in urban localities and the demand for simple and cost-effective solutions for their lower-trim vehicles and older models.

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Table of Contents

1. Executive Summary                           

2. Market Landscape                             

                2.1 Market ecosystem             

                                Exhibit 01: Parent market

                2.2: Market Characteristics    

                2.2 Value chain analysis           

                                Exhibit 02: Value Chain Analysis: Automotive components and accessories market

                                2.2.1 Inputs:

                                2.2.2 Inbound logistics

                                2.2.3 Operations

                                2.2.4 Distribution and logistics:

                                2.2.5 Marketing and sales:

                                2.2.6 Service

                                2.2.7 Industry innovations

3. Market Sizing                       

                3.1 Market definition

                                Exhibit 03: Offerings of vendors included in the market definition

                3.2 Market segment analysis 

                                Exhibit 04: Market segments

                3.3 Market size 2020 

                3.4 Market outlook: Forecast for 2020 - 2025 

                                Exhibit 05: Global - Market size and forecast 2021 - 2026 ($ million)

                                Exhibit 06: Global market: Year-over-year growth 2021 - 2026 (%)

4. Five Forces Analysis                          

                4.1 Five Forces Summary        

                                Exhibit 07: Five forces analysis 2020 & 2025

                4.2 Bargaining power of buyers           

                4.3 Bargaining power of suppliers       

                4.4 Threat of new entrants    

                4.5 Threat of substitutes         

                4.6 Threat of rivalry   

                4.7 Market condition

                                Exhibit 08: Market condition - Five forces 2021

5 Market Segmentation by Technology                         

                5.1 Market segments

                                The segments covered in this chapter are:

• Passive park assists
• FCWS and LDWS
• Others

                                Exhibit 09: Technology - Market share 2021-2026 (%)

                5.2 Comparison by Technology             

                                Exhibit 10: Comparison by Technology

                5.3 Passive park assists - Market size and forecast 2021-2026  

                                Exhibit 11: Passive park assists - Market size and forecast 2021-2026 ($ million)

                                Exhibit 12: Passive park assists - Year-over-year growth 2021-2026 (%)

                5.4 FCWS and LDWS - Market size and forecast 2021-2026        

                                Exhibit 13: FCWS and LDWS - Market size and forecast 2021-2026 ($ million)

                                Exhibit 14: FCWS and LDWS - Year-over-year growth 2021-2026 (%)

                5.5 Others - Market size and forecast 2021-2026           

                                Exhibit 15: Others - Market size and forecast 2021-2026 ($ million)

                                Exhibit 16: Others - Year-over-year growth 2021-2026 (%)

                5.6 Market opportunity by Technology             

                                Exhibit 17: Market opportunity by Technology

6 Customer landscape                           

                6.1 Overview

                                Exhibit 18: Customer landscape

7 Geographic Landscape                      

                7.1 Geographic segmentation

                                Exhibit 19: Market share by geography 2021-2026 (%)

                7.2 Geographic comparison   

                                Exhibit 20: Geographic comparison

                7.3 North America - Market size and forecast 2021-2026           

                                Exhibit 21: North America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 22: North America - Year-over-year growth 2021-2026 (%)

                7.4 Europe - Market size and forecast 2021-2026          

                                Exhibit 23: Europe - Market size and forecast 2021-2026 ($ million)

                                Exhibit 24: Europe - Year-over-year growth 2021-2026 (%)

                7.5 APAC - Market size and forecast 2021-2026              

                                Exhibit 25: APAC - Market size and forecast 2021-2026 ($ million)

                                Exhibit 26: APAC - Year-over-year growth 2021-2026 (%)

                7.6 MEA - Market size and forecast 2021-2026               

                                Exhibit 27: MEA - Market size and forecast 2021-2026 ($ million)

                                Exhibit 28: MEA - Year-over-year growth 2021-2026 (%)

                7.7 South America - Market size and forecast 2021-2026           

                                Exhibit 29: South America - Market size and forecast 2021-2026 ($ million)

                                Exhibit 30: South America - Year-over-year growth 2021-2026 (%)

                7.8 Key leading countries        

                                Exhibit 31: Key leading countries

                7.9 Market opportunity by geography

                                Exhibit 32: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends                    

                8.1 Market drivers     

                                8.1.1 Decline in sensor prices

                                8.1.2 Priority of automotive safety among customers

                                8.1.3 Stringent regulations promoting the adoption of ADAS

                8.2 Market challenges              

                                8.2.1 Adoption of active ADAS technologies by OEMs

                                8.2.2 Lack of trust in ADAS leading to uncertainty in user acceptance of aftermarket ADAS

                                8.2.3 Growing shortage of skilled automotive technicians

                                Exhibit 33: Impact of drivers and challenges

                8.3 Market trends      

                                8.3.1 Growing development of aftermarket ADAS for CVs

                                8.3.2 Development of highly accurate map content for ADAS

                                8.3.3 Growing online purchase of aftermarket ADAS

9. Vendor Landscape                             

                9.1     Competitive scenario    

                9.2     Vendor landscape           

                                Exhibit 34: Vendor Landscape

                9.3     Landscape disruption    

                                Exhibit 35: Landscape disruption

                9.4     Industry risks    

                                Exhibit 36: Industry risks

10.  Vendor Analysis                              

                10.1  Vendors covered            

                                Exhibit 37: Vendors covered

                10.2 Market positioning of vendors  

                                Exhibit 38: Market positioning of vendors

                10.3 Brandmotion LLC              

                                Exhibit 39: Brandmotion LLC - Overview

                                Exhibit 40: Brandmotion LLC - Business segments

                                Exhibit 41: Brandmotion LLC - Key offerings

                10.4 Continental AG  

                                Exhibit 42: Continental AG - Overview

                                Exhibit 43: Continental AG - Business segments

                                Exhibit 44: Continental AG - Key offerings

                                Exhibit 45: Continental AG - Segment focus

                10.5 Garmin Ltd.         

                                Exhibit 46: Garmin Ltd. - Overview

                                Exhibit 47: Garmin Ltd. - Business segments

                                Exhibit 48: Garmin Ltd. - Key offerings

                                Exhibit 49: Garmin Ltd. - Segment focus

                10.6 Gentex Corp.     

                                Exhibit 50: Gentex Corp. - Overview

                                Exhibit 51: Gentex Corp. - Business segments

                                Exhibit 52: Gentex Corp. - Key offerings

                                Exhibit 53: Gentex Corp. - Segment focus

                10.7 Intel Corp.           

                                Exhibit 54: Intel Corp. - Overview

                                Exhibit 55: Intel Corp. - Business segments

                                Exhibit 56: Intel Corp. - Key offerings

                                Exhibit 57: Intel Corp. - Segment focus

                10.8 Knorr Bremse AG             

                                Exhibit 58: Knorr Bremse AG - Overview

                                Exhibit 59: Knorr Bremse AG - Business segments

                                Exhibit 60: Knorr Bremse AG - Key offerings

                                Exhibit 61: Knorr Bremse AG - Segment focus

                10.9 Nortek Security and Control LLC 

                                Exhibit 62: Nortek Security and Control LLC - Overview

                                Exhibit 63: Nortek Security and Control LLC - Product and service

                                Exhibit 64: Nortek Security and Control LLC - Key offerings

                10.10 Valeo SA            

                                Exhibit 65: Valeo SA - Overview

                                Exhibit 66: Valeo SA - Business segments

                                Exhibit 67: Valeo SA - Key offerings

                                Exhibit 68: Valeo SA - Segment focus

                10.11 VOXX International Corp.           

                                Exhibit 69: VOXX International Corp. - Overview

                                Exhibit 70: VOXX International Corp. - Business segments

                                Exhibit 71: VOXX International Corp. - Key offerings

                                Exhibit 72: VOXX International Corp. - Segment focus

                10.12 Wabtec Corp.  

                                Exhibit 73: Wabtec Corp. - Overview

                                Exhibit 74: Wabtec Corp. - Business segments

                                Exhibit 75: Wabtec Corp. - Key offerings

11. Appendix                            

                11.1 Scope of the report         

                                11.1.1 Market definition

                                11.1.2 Objectives

                                11.1.3 Notes and caveats

                11.2 Currency conversion rates for US$            

                                Exhibit 76: Currency conversion rates for US$

                11.3 Research Methodology 

                                Exhibit 77: Research Methodology

                                Exhibit 78: Validation techniques employed for market sizing

                                Exhibit 79: Information sources

                11.4 List of abbreviations        

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