As cited by the research report titled ‘Global ADAS calibration equipment Market Size study, by Vehicle (Passenger and commercial vehicle), by End-user (Automotive OEMs, Tier 1 suppliers, and Service Stations), and Regional Forecasts 2020-2027’, available with Market Study report LLC, global advanced driver-assistance systems (ADAS) calibration equipment market was worth USD 200 million in 2019 and is estimated to grow at a robust CAGR of 12% over 2020-2027, subsequently reaching a valuation of USD 495.19 million by the end of the forecast period.
 

Worldwide ADAS calibration equipment market growth can largely be attributed to implementation of favorable road safety regulations & policies by governments, and increasing production of commercial as well as passenger vehicles.
 

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For those uninitiated, advanced driver-assistance systems, abbreviated as ADAS, are electronic systems which leverage a safe human-machine interface to enhance car and road safety by assisting the driver in parking and driving functions. The incorporation of automated technology such as cameras and sensors to detect driver errors and nearby obstacles is stimulating the demand for these systems.
 

On the contrary, imposition of stringent rules and lack of regulatory approvals regarding the use of ADAS calibration equipment will continue to hinder market expansion during the analysis timeframe.
 

Based on vehicle type, global ADAS calibration equipment market is split into commercial vehicles and passenger vehicles. Moving on, the end-user landscape of the industry vertical comprises service stations, tier 1 suppliers, and automotive OEMs among others.
 

Elaborating on the regional scope, global ADAS calibration equipment market is fragmented into Asia-Pacific, Latin America, Europe, North America, and rest of the world.
 

Among these, North America dominates the industry in terms of market share and is likely to show strong growth trends over the stipulated timeframe, due to stringent government regulations pertaining to road safety.
 

Meanwhile, Asia-pacific market is anticipated to expand exponentially over 2020-2027, primarily due to surging production of commercial and passenger vehicles in the region.
 

Top-tier organizations defining the global ADAS calibration equipment industry trends are Robert Bosch GmbH, Mahle GmbH, Hella KGaA Hueck & Co., Hofmann Megaplan UK Ltd., TEXA S.p.A., Launch Europe GmbH, Hunter Engineering Co., Snap-on Inc., and Autel Intelligent Technology Corp., Ltd.