Growth Potential of the Automotive Repair Aftermarket Spurred by ADAS
Demand for Advanced Driver Assist Systems (ADAS) replacement sensors from light vehicle collision repairs in North America is forecast to generate a new market opportunity in the automotive repair aftermarket. The research analysis estimates the L0-2 ADAS-related replacement sensors from the light vehicle collision repair market to grow at a CAGR of ~10.6% between 2020 and 2030, even as the increasing penetration of ADAS in the vehicle parc reduces crash rates, denting demand for traditional collision repair parts and services. ADAS sensors such as radar, LiDAR, cameras, night vision, and ultrasonic sensors are expected to drive new demand avenues from replacement and recalibration.
Aftermarket ADAS also opens up new growth opportunities for various industry stakeholders, including insurers, OEM dealers, IAM repair facilities, Telematics service providers, predictive analytics providers, and aftermarket sensor suppliers. The study examines the key aspects of the North American aftermarket ADAS ecosystem, including OEM ADAS penetration in light vehicles in operation, analysis of crash types, demand for ADAS sensor recalibration, and identification of key market participants.
Key Issues Addressed
- What is the revenue potential from the sales of ADAS replacement sensors for light vehicles involved in collisions across North America between 2020 and 2030?
- What is the OEM L0-2 ADAS penetration in the overall light vehicle parc?
- What is the installed base and penetration of different OEM ADAS types (BSD, LDW, LKA, PDC, APA, ACC, AEB, FCW, TJA, and NV systems) in North American vehicles in operation?
- What is the nature of crashes in the US by initial point of impact and severity, and how will this impact the demand for replacement sensors?
- What is the demand for ADAS recalibration arising from vehicles involved in accidents?
- What is the demand for ADAS recalibration arising from running repair jobs?
- Which are the prominent aftermarket ADAS suppliers?
- What are the important Growth Opportunities opening up in the ADAS aftermarket space?
Table of Contents
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Accele Electronics
- Alpine Electronics
- American Road Products (ARP)
- Brandmotion
- Cedar Electronics (Cobra)
- Echomaster (AAMP Global)
- Epsilon Electronics
- Garmin
- Gentex Corporation
- Mobileye
- Rostra Accessories
- Voxx Electronic Corporation (VEC)
- Whistler Electronics
