August 27, 2019—According to a study by Future Market Insights (FMI), The ADAS testing equipment market is expected to grow at a CAGR of about 12 percent between 2019 and 2029.
Global sales of the ADAS testing equipment accounted for revenues worth $67 million in 2018 and is projected to grow from there.
The 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 the 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.
