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Advanced Driver Assistance Systems Testing Equipment Market is Expected to Progress at healthy CAGR of 12% between 2019

Important growth prospects of the ADAS testing equipment market based on its end users in several countries such as Germany, Italy, France, U.K., Spain, Russia, and the Rest of Europe

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Advanced Driver Assistance Systems Testing Equipment Market is Expected to Progress at healthy CAGR of 12% between 2019

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  1. Advanced Driver Assistance Systems Testing Equipment Market March 2020 Report Id : REP-GB-283 Published On : Feb 24,2020 Category : Automotive & Transportation www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights © 2019 Future Market Insights, All Rights Reserved www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights

  2. About Future Market Insights Future Market Insights (FMI) is a premier provider of syndicated research reports, custom research reports, and consulting services. We deliver a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights,aerial view of the competitiveframework,and future markettrends. We provide research services at a global as well as regional level; key regions include GCC, ASEAN, and BRIC. Our offerings cover a broad spectrum of industries including Chemicals, Materials, Energy, Technology,Healthcare, and Retail. We have a global presence with delivery centers across India specializing in providing global research reports and country research reports. FMI is headquartered out of London, U.K., with a state-of-the-art delivery center located in Pune, India. We combine our knowledge and learning from every corner of the world to distill it to one thing– the perfect solutionfor our client. Research Capabilities Sector Coverage             Customized Research Syndicated Research Investment Research Social Media Research Automotive and Transportation Electronics, Semiconductor, and ICT Retail and Consumer Products Industrial Automation and Equipment Chemicals & Materials Food and Beverages Services and Utilities Energy, Mining, Oil, and Gas Customized Research Subscription Information Syndicated Research For detailed subscription information please contact Hari. T (Sr. Manager - Global Business Development) Investment Research T: +44 (0) 20 7692 8790 | D: +44 20 3287 4268 Social Media Research Email: hari.t@futuremarketinsights.com www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 2 © 2019 Future Market Insights, All Rights Reserved

  3. Research Methodology (1/2) Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 FMI formulates a detailed discussion guide to conduct expert and industry interviews     Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A FMI develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research       Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 FMI conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection      Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and FMI analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications#           Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 FMI delivers industry insights and information in the required format (PDF) Insights   # includes sources of databases www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 3 © 2019 Future Market Insights, All Rights Reserved

  4. Advanced Driver Assistance Systems Testing Equipment Market Analysis A new market research report by Future Market Insights (FMI) tracks the progress of ADAS (Advanced Driver Assistance Systems) testing equipment market over the course of next decade, 2019–2029. The report provides critical insights which indicate that the global sales of ADAS testing equipment accounted for the revenues worth ~US$ 67 Mn in 2018, and is projected to witness strong growth at a CAGR of ~12% over the foreseeable period. Growing significance of advanced safety techniques among automakers as well as passengers to prevent the rising incidents of road adversaries is set to fuel the demand for ADAS in road transportation mediums, says FMI study. Stringent government reforms will continue to compel automobile manufacturers to conduct safety trials on four-wheeler models, with an aim to promote new-age solutions that can eventually lead to the development of 'one-size-fits-for-all' ADAS testing equipment and thereby, facilitate comfortable driving. Accidental fatalities between two vehicles as well as between vehicles and pedestrians have become a growing concern at a global level. As the production of vehicles in increasing, this has further amplified concerns vis-à-vis human safety. FMI's study examines how the advent of connected technologies and other microeconomic factors are propelling the ADAS testing equipment market. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 4 © 2019 Future Market Insights, All Rights Reserved

  5. Advanced Driver Assistance Systems Testing Equipment Market Analysis Equipment Manufacturers Focus on Hardware-oriented Design to avoid Code Bloat The report findings suggest that hardware equipment leave software tools behind by a huge margin. Car manufacture validation teams are employing combination of sensors in ADAS testing equipment, for instance, radar and camera, to provide precise and dynamic results in extreme scenarios unlike individual sensors that have restricted operation. Further the hardware components can be tailored to the needs of the end users. On the other hand, cases of fatal accidents involving self-driving automobiles are compelling customers to doubt the efficiency of software technology, motivating carmakers to undergo technology disruptions, says FMI. ADAS developers are increasingly inclining towards System on Chips (SoC) that are created to allow autonomous driving operations in hardware, decreasing the number of lines of software code needed in the arrangement to a huge extent, which further assists counter operational safety risks. Furthermore, both automobile OEMs and Tier-1 suppliers are coming up with innovative designs that incorporate SoCs, enabling greater processing bandwidth, lessened system latency, and decreased power utilization. www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 5 © 2019 Future Market Insights, All Rights Reserved

  6. Advanced Driver Assistance Systems Testing Equipment Market Analysis Customers Demanding a Safer Commute amid High Costs Four-wheeler drivers are increasingly shifting towards OEMs from tier-1 suppliers, although the latter is exhibiting faster growth. FMI's study suggests that rising demand for automobiles that are fully-equipped with ADAS are finding favor among different economies as these vehicles have already undergone the testing stage, facilitating a more comfortable and safer experience for customers, while driving. Many countries have further decided to double the production of compact and mid-size vehicles that are armed with ADAS, realizing the legal constraints and significance of driver's safety. However, both the automobile OEMs and tier-1 suppliers are likely to be witnessing a slight decline over the forecast timeframe, owing to rising adoption of two-wheelers among the demographic in low and middle-income countries (LMIC) for routine commute. The policymakers of these economies are refusing to permit the launch of ADASs due to unfavorable road conditions, which is an important growth influencer for the market according to the report. Further, high costs associated with ADAS-fitted vehicles remain a prime barrier restricting consumer preference. Click here to Order a free sample www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 6 © 2019 Future Market Insights, All Rights Reserved

  7. Advanced Driver Assistance Systems Testing Equipment Market Analysis Press Release Source: https://www.prnewswire.com/news-releases/adas-advanced-driver-assistance- systems-testing-equipment-market-is-expected-to-grow-at-a-cagr-of-12-during-the-forecast-period- of-2019-to-2029--future-market-insights-300907483.html More from Automotive & Transportation Market Intelligence: Automotive Performance Tuning And Engine Remapping Services Market Bicycle Components Market Turbofan Engines Market • • • www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 7 © 2019 Future Market Insights, All Rights Reserved

  8. Advanced Driver Assistance Systems Testing Equipment Market Analysis Mr. Abhishek Budholiya Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A, Jumeirah Lakes Towers, Dubai, United Arab Emirates MARKET ACCESS DMCC Initiative For Sales Enquiries: sales@futuremarketinsights.com For Media Enquiries: press@futuremarketinsights.com Future Market Insights www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 8 © 2019 Future Market Insights, All Rights Reserved

  9. To know more about us, please visit our website: www.futuremarketinsights.com For sales queries or new topics email us on: sales@futuremarketinsights.com For media queries, contact the press office at press@futuremarketinsights.com For other queries contact: Hari. T (Sr. Manager - Global Business Development) Future Market Insights: 3rd Floor, 207 Regent Street, London W1B 3HH T: +44 20 7692 8790 | D: +44 20 3287 4268 Email: hari.t@futuremarketinsights.com Future Market Insights Global & Consulting Private Limited (FMI) Thank You www.futuremarketinsights.com I @futuremarketins I /company/future-market-insights 9 © 2019 Future Market Insights, All Rights Reserved

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