ADAS Calibration Equipment Market 2020 Global Trend, Segmentation and Opportunities, Forecast 2027
WiseGuyReports.com adds “Global ADAS Calibration Equipment Market Research Report 2020 Analysis and Forecast 2027” reports to its database.
PUNE, MAHARASTRA, INDIA, December 15, 2020 /EINPresswire.com/ -- ADAS Calibration Equipment Market:
Executive Summary
Global Advanced driver-assistance systems (ADAS) calibration equipment Market is valued approximately at USD 200 Million in 2019 and is anticipated to grow with a healthy growth rate of more than 12.00% over the forecast period 2020-2027. Advanced driver-assistance systems (ADAS) are electronic systems that assist drivers in driving and parking functions. Through a safe human-machine interface, ADAS increases car and road safety. ADAS systems use automated technology, such as sensors and cameras, to detect nearby obstacles or driver errors, and respond accordingly. The presence of favorable government regarding road safety is the factor stimulating the demand for ADAS calibration equipment over the forecast years. For instance: European Commission has accepted new road safety rules and regulations under the General Safety Regulation. According to these regulations, some of the ADAS features such as advanced emergency braking, lane-keeping assistance and advanced emergency braking have become mandatory. Similarly, according to the Ministry of Road Transport & Highways (India) 2018, it is mandatory for all passenger cars and mini-buses to be fitted with ABS from April 2019. In addition, growing production of passenger and commercial vehicles across the globe is the factor propelling the growth of market over the forecast years. However, presence of stringent regulation regarding approval and certification of Advanced driver-assistance systems (ADAS) calibration equipment is hampering the growth of market over the forecast years.