Advanced Driver Assist Systems Stimulating the North American Automotive Repair Aftermarket

Advanced Driver Assist Systems Stimulating the North American Automotive Repair Aftermarket

Growth Potential of the Automotive Repair Aftermarket Spurred by ADAS

RELEASE DATE
27-Nov-2020
REGION
North America
Research Code: K4CA-01-00-00-00
SKU: AU02058-NA-MT_24825
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Description

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. Frost and Sullivan 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? 

RESEARCH: INFOGRAPHIC

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Table of Contents

Why Is It Increasingly Difficult to Grow?

The Strategic Imperative 8™

The Impact of the Top Three Strategic Imperatives on the ADAS-Related Replacement Sensors Aftermarket

Growth Opportunities Fuel the Growth Pipeline Engine™

Executive Summary—Five Big Predictions

Executive Summary—Light Vehicle Collisions Data

Executive Summary—ADAS Base Sensor Topology in Light Vehicles

Executive Summary—Overview

Executive Summary—Unit Shipment Forecast

Executive Summary—Revenue Forecast

ADAS-Related Replacement Sensors Aftermarket Scope of Analysis

ADAS-Related Replacement Sensors Aftermarket Market Segmentation by Demand

ADAS-Related Replacement Sensors Aftermarket Segmentation by Sensor Type

ADAS-Related Replacement Sensors Aftermarket Segmentation by Vehicle Type

Growth Drivers for ADAS-Related Replacement Sensors Aftermarket

Growth Restraints for ADAS-Related Replacement Sensors Aftermarket

Forecast Assumptions—ADAS-Related Replacement Sensors Aftermarket

ADAS Autonomy Levels

ADAS Autonomy Levels (continued)

ADAS Autonomy Levels—Definitions

Key Growth Metrics for OEM ADAS

ADAS Penetration—Overview of the Vehicle Parc

ADAS Penetration—Overview of the Vehicle Parc (continued)

ADAS Penetration by System

ADAS Product Category—Lateral Collision Avoidance

ADAS Product Category—Blind Spot Detection

ADAS Product Category—Lane Departure Warning & Lane Keep Assist

ADAS Product Category—Park Assist System

ADAS Product Category—Park Distance Control & Auto Park Assist

ADAS Product Category—Forward Collision Avoidance System

ADAS Product Category—Forward Collision Warning (FCW)

ADAS Product Category—Autonomous Emergency Braking (AEB)

ADAS Product Category—Adaptive Cruise Control (ACC)

ADAS Product Category—Traffic Jam Assist (TJA)

ADAS Product Category—Night Vision

Key Growth Metrics for Sensor Replacement

Demand Forecast, Sensor Replacement from Frontal Impact Collisions

Revenue Forecast—Sensor Replacement from Frontal Impact Collisions

Demand Forecast—Sensor Replacement from Rear Impact Collisions

Revenue Forecast—Sensor Replacement from Rear Impact Collisions

Key Growth Metrics for ADAS Sensor Recalibration

ADAS Sensor Calibration—Overview

Demand Forecast—ADAS Sensor Calibration from Collision Repairs

Revenue Forecast—ADAS Sensor Calibration from Collision Repairs

Revenue Forecast, ADAS Sensor Calibration from Running Repairs

Demand Forecast—ADAS Sensor Calibration from Tire Replacements

Demand Forecast, ADAS Sensor Calibration from Windshield Replacements

Channel Preparedness for ADAS Sensor Calibration

Competitive Environment—ADAS-Related Replacement Sensors Aftermarket

Competitive Landscape—Brandmotion

Competitive Landscape—Mobileye

Competitive Landscape—Epsilon Electronics

Growth Opportunity 1: B2B “ADAS Calibration on Wheels” Services for Collision Repair Facilities and Repair Shops

Growth Opportunity 1: B2B “ADAS Calibration on Wheels” Services for Collision Repair Facilities and Repair Shops (continued)

Growth Opportunity 2: ADAS Retrofits Complemented by Telematics to Aid Driving Behavior Monitoring for Fleets

Growth Opportunity 2: ADAS Retrofits Complemented by Telematics to Aid Driving Behavior Monitoring for Fleets (continued)

Growth Opportunity 3: ADAS Retrofits for Private Cars Older than 8 Years

Growth Opportunity 3: ADAS Retrofits for Private Cars Older than 8 Years (continued)

Growth Opportunity 4: Predictive Analytics Services for the Collision Repair Ecosystem

Growth Opportunity 4: Predictive Analytics Services for the Collision Repair Ecosystem (continued)

Key Supplier Profiles—Brandmotion

Key Supplier Profiles—Mobileye

Key Supplier Profiles—Garmin

Key Supplier Profiles—Gentex Corporation

Key Supplier Profiles—Voxx Electronic Corporation (VEC)

Key Supplier Profiles—Alpine Electronics

Key Supplier Profiles—Cedar Electronics (Cobra)

Key Supplier Profiles—Accele Electronics

Key Supplier Profiles—Echomaster (AAMP Global)

Key Supplier Profiles—American Road Products (ARP)

Key Supplier Profiles—Rostra Accessories

Key Supplier Profiles—Whistler Electronics

Key Supplier Profiles—Epsilon Electronics

Your Next Steps

Why Frost, Why Now?

List of Exhibits

List of Exhibits (continued)

List of Exhibits (continued)

List of Exhibits (continued)

Legal Disclaimer

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. Frost and Sullivan 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.--BEGIN PROMO--

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? 
More Information
No Index No
Podcast No
Author pranav nair
Industries Automotive
WIP Number K4CA-01-00-00-00
Is Prebook No
GPS Codes 9800-A6,9801-A6