While identifying multiple growth opportunities for the specialty-equipment industry, the recently released “SEMA Advanced Vehicle Technology Opportunities Report” (see p. 328) predicts aftermarket growth potential in some types of driver vision augmentation (DVA) systems. To better understand this advanced driver assistance systems (ADAS) technology, SEMA News turned to SEMA Vice President of Vehicle Technology John Waraniak.
SEMA research indicates that the U.S. aftermarket for advanced driver assistance systems (ADAS) and connected vehicle technologies (CVT), though still in its infancy, can be expected to grow into a $1.5 billion industry within the next five years. With so much at stake in these rapidly emerging technologies, SEMA has made identifying ADAS/CVT opportunities for association members a key priority.
The automotive specialty-equipment market experienced an eighth straight year of post-recession growth, reaching $43 billion in 2017. That’s just one of the many important takeaways from the newly released “2018 SEMA Market Report.” Filled with insights about the state of the specialty-equipment industry, the 82-page report also includes detailed profiles of aftermarket consumers, comprehensive industry and economic trend data, and key statistics surrounding the vehicles currently in operation on the roads. The annual report was prepared by SEMA’s market research department and is now available for free download at www.sema.org/research.
The year was 1953 when John Fehring opened his namesake 2,400-sq.-ft. automotive upholstery shop in Bayton, Texas. There at John’s Trim Shop, Fehrin’s son Ron learned the family trade. But as times changed and the van craze hit in the ’70s and ‘80s, Ron grew interested in more than car and truck interiors. His dad let him expand the business (provided, of course, that Ron invest his own money).
Bob Southard has spent the majority of his life entrenched in the automotive industry, working primarily as a distributor. A self-professed “Jeep guy” and lover of just about anything with a seven-slot grille, Southard was determined to open a shop capable of providing Arizona customers with excellent service, whether their vehicles were Jeeps or otherwise. Southard specializes in marketing and online work, and he eventually found the missing puzzle pieces he needed to open his business: a master tuner and an installer, both crucial pieces to the shop he always envisioned.
While identifying multiple growth opportunities for the specialty-equipment industry, the recently released “SEMA Advanced Vehicle Technology Opportunities Report” (see p. 106) predicts specific growth potential in the area of parking-assistance systems. To better understand this advanced driver assistance systems (ADAS) technology, SEMA News turned to SEMA Vice President of Vehicle Technology John Waraniak.
With the introduction of the MOTORin’ mobile app, automotive event organizers throughout the country now have a cost-effective, modern tool to reach consumers and promote events ranging from car shows and auto auctions to drifting or race competitions free of charge. Created through a partnership between SEMA and ClassicCars.com, the new MOTORin’ app is a car and truck event finder designed to make it easy for auto enthusiasts to find events by date, location or category and to help event organizers get the word out about their shows. Fans of automotive events can simply log on to the mobile app and find upcoming events near them based on their GPS location, or they can search for events by date, location, distance, keywords or category.
SEMA research indicates that the U.S. aftermarket for advanced driver assistance systems (ADAS) and connected vehicle technologies (CVT), though still in its infancy, can be expected to grow into a $1.5 billion industry within the next five years. With so much at stake in these rapidly emerging technologies, SEMA has made identifying ADAS/CVT opportunities for association members a key priority.
While identifying multiple growth opportunities for the specialty-equipment industry, the recently released “SEMA Advanced Vehicle Technology Opportunities Report” (see p. 90) predicts specific growth potential in the area of lateral-collision avoidance systems. To better understand this advanced driver assistance (ADAS) technology, SEMA News turned to SEMA Vice President of Vehicle Technology John Waraniak.
Although the U.S. aftermarket for advanced driver assistance systems (ADAS) and connected vehicle technologies (CVT) is still in its infancy, SEMA research indicates it can be expected to grow into a $1.5 billion industry within the next five years. With so much at stake in these rapidly emerging technologies, SEMA has made identifying ADAS/CVT opportunities for association members a key priority.
Copyright © 2019 SEMA. All rights reserved.
