Automotive ADAS Aftermarket by Technology and Geography - Forecast and Analysis 2022-2026
- Published: Jan 2022
- Pages: 120
- SKU: IRTNTR40268
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The automotive ADAS aftermarket market share is expected to increase by USD 3.15 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 10.03%.
This automotive ADAS aftermarket market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers automotive ADAS aftermarket market segmentation by technology (passive park assists, FCWS and LDWS, and others), vehicle type (passenger vehicles and commercial vehicles), and geography (North America, Europe, APAC, MEA, and South America). The automotive ADAS aftermarket market report also offers information on several market vendors, including Brandmotion LLC, Continental AG, Garmin Ltd., Gentex Corp., Intel Corp., Knorr Bremse AG, Nortek Security and Control LLC, Valeo SA, VOXX International Corp., and Wabtec Corp. among others.
What will the Automotive ADAS Aftermarket Market Size be During the Forecast Period?
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Automotive ADAS Aftermarket Market: Key Drivers and Challenges
Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The decline in sensor prices is notably driving the automotive ADAS aftermarket market growth, although factors such as the adoption of active ADAS technologies by OEMs may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive ADAS aftermarket industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive ADAS Aftermarket Market Driver
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.
Key Automotive ADAS Aftermarket Market Trend
Another key factor driving the global automotive ADAS aftermarket market growth is the growing development of aftermarket ADAS for CVs.The demand for aftermarket ADAS is increasing with the rise in the volume of vehicles globally, which is expected to support the growth of the market in focus during the forecast period.
Key Automotive ADAS Aftermarket Market Challenge
One of the major challenges to the global automotive ADAS aftermarket growth is the adoption of active ADAS technologies by OEMs. 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.
This automotive ADAS aftermarket market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global automotive ADAS aftermarket market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive ADAS aftermarket market during the forecast period.
Who are the Major Automotive ADAS Aftermarket Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Brandmotion LLC
- Continental AG
- Garmin Ltd.
- Gentex Corp.
- Intel Corp.
- Knorr Bremse AG
- Nortek Security and Control LLC
- Valeo SA
- VOXX International Corp.
- Wabtec Corp.
This statistical study of the automotive ADAS aftermarket market encompasses successful business strategies deployed by the key vendors. The automotive ADAS aftermarket market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
Continental AG - The company offers automotive ADAS aftermarket that includes technologies for future mobility, autonomous mobility, automated driving, connectivity, electric mobility safety technologies, infotainment in the car, agriculture, under the brand name Continental AG.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive ADAS aftermarket market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Automotive ADAS Aftermarket Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the automotive ADAS aftermarket market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global automotive components and accessories market includes the following core components:
- Inbound logistics
- Distribution and logistics
- Marketing and sales
- Industry innovations
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
Which are the Key Regions for Automotive ADAS Aftermarket Market?
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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. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The decline in the demand for automotive components and technology, as well as reduced vehicle production due to the COVID-19 pandemic, slowed down the adoption of automotive ADAS in the aftermarket in the region in 2020. These factors hampered the growth of the automotive ADAS aftermarket in North America during 2020. The resumption of vehicle production in countries in North America, such as the US and Canada, from August 2020 resulted in the revival and growth of the automotive ADAS aftermarket. Therefore, the market in focus in the region is expected to witness a V-shaped recovery during the forecast period.
What are the Revenue-generating Technology Segments in the Automotive ADAS Aftermarket Market?
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The automotive ADAS aftermarket 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.
This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive ADAS aftermarket market size and actionable market insights on post COVID-19 impact on each segment.
Automotive ADAS Aftermarket Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 10.03%
Market growth 2022-2026
$ 3.15 billion
YoY growth (%)
North America, Europe, APAC, MEA, and South America
Performing market contribution
APAC at 32%
Key consumer countries
US, Germany, China, France, and Japan
Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled
Brandmotion LLC, Continental AG, Garmin Ltd., Gentex Corp., Intel Corp., Knorr Bremse AG, Nortek Security and Control LLC, Valeo SA, VOXX International Corp., and Wabtec Corp.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
What are the Key Data Covered in this Automotive ADAS Aftermarket Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive automotive ADAS aftermarket market growth during the next five years
- Precise estimation of the automotive ADAS aftermarket market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive ADAS aftermarket industry across North America, Europe, APAC, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive ADAS aftermarket market vendors
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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
2.2.2 Inbound logistics
2.2.4 Distribution and logistics:
2.2.5 Marketing and sales:
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
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
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
11.1 Scope of the report
11.1.1 ????Market definition
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
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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Frequently Asked Questions?
- decline in sensor prices
- growing development of aftermarket ADAS for CVs
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