Published by linker 5
Posted on January 27, 2021
2 min readLast updated: January 21, 2026
Innovations are boosting the adoption of ADAS calibration equipment globally
According to FMI, ADAS calibration equipment market is going to witness steady growth through 2020-2029. Manufacturers are focussing on growth strategies and incorporating advanced features to consolidate their position.
“Adoption of ADAS in mid-range vehicles especially in East Asia is contributing to an excellent growth trajectory,” opines FMI.
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ADAS Calibrations Market– Key Highlights
ADAS Calibrations Market – Driving Factors
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ADAS Calibrations Market – Key Restraints
Impact on Market by Coronavirus Outbreak
Due to restrictions on automobile industry, this market has faced a negative impact due to COVID. Manufacturers faced loss in terms of work flow as well profit generation. Shortage of raw materials posed a significant threat to the market too. Vehicle sales declined to 20% in USA while 16% in Europe in 2020. Shutting down of plants and reduced demand has affected the market negatively.
Competitive Landscape
Companies are following unique strategies to expand their supply chains by collaborating with major industries. Leading players are working on cost-efficient solutions and investments.
Manufacturers are focussing on R&D investment to present new technique with better performance quality. Key players include The Burke Porter Group, Robert Bosch GmbH, Hofmann Megaplan GmbH, Mahle GmbH, Cojali S.L., HELLA GmbH & Co. KGaA, Launch Tech Co. Ltd., TEXA S.p.A., and Autel Intelligent Technology Corp etc.
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