ADAS and the Aftermarket: How to Capture the Growth Opportunity
ADAS technology, market share, calibrations and replacement components all are growing and expanding. MEMA Aftermarket suppliers are closely following the market for replacement sensors and parts and the ability of mechanical repair facilities to prepare for the increasing demand for calibrations.
Our new research report on the market opportunities for ADAS highlights some very interesting outlooks. Highlights from “ADAS Aftermarket Service Ecosystem 2035: Navigating the ADAS Adoption Curve” include:
- ADAS systems are lowering the number of crashes.
- ADAS is changing the repair workflow and introducing new players.
- ADAS parts and service will grow at a 9.5% CAGR through 2035.
- Mechanical shop ADAS business will outpace collision ADAS business by year 2031.
Other MEMA Aftermarket ADAS initiatives:
- MTC ADAS Work Group: Will continue to research calibration issues and update the industry white paper that was published in 2024
- White paper – ADAS: Defined | Growth | Concerns | Recommendations
- Working with other industry organizations to address calibration issues
MEMA Aftermarket members have opportunities to learn more about and help drive the conversation on ADAS. Join the MEMA Mobility Technology Council to get involved!
ADAS Aftermarket Service Ecosystem 2035
Navigating the ADAS Adoption Curve
ADAS: Defined | Growth | Concerns | Recommendations
MTC ADAS Work Group
The ADAS Work Group identifies implications of the growing ADAS market and addresses concerns over calibrations to ensure vehicles operate properly.