India Advanced Driving Assistance Systems Market (2022-2028): Opportunities and Forecasts – 6Wresearch

India Advanced Driving Assistance Systems Market Overview

The India Advanced Driving Assistance Systems Market is expected to grow at a CAGR of XXXX% over the next five years. This growth is due to rising demand for ADAS in both the public and private sectors, as well as the increasing number of vehicles that are being fitted with these systems.

In terms of geographical segments, the ADAS market in India is dominated by the south region, followed by the western region. The north region is expected to emerge as a major market over the next five years, owing to the growing demand for autonomous vehicles in this region.

driving assistance systems

Public sector companies are leading the way in terms of adoption of ADAS technologies in India. This is because they favour these systems over conventional ones due to their cost-effective features and improved safety levels. In contrast, private sector players are lagging in terms of adoption owing to their higher initial costs and lacklustre customer base.

Opportunities in the India Advanced Driving Assistance Systems Market

The Advanced Driver Assistance Systems (ADAS) market in India is expected to grow at a CAGR of over XXXX% during the forecast period 2022-2028. This is due to the increasing penetration of smart phones and increased number of car manufacturers in the country. The market for ADAS in India is segmented based on type, application, and geography. 

Based on type, the market is divided into radar-based and camera-based systems. On the basis of application, it is segmented into commercial vehicles and passenger cars. Geographically, the market is divided into North India and South India. 

Commercial vehicles account for the largest share of the ADAS market in India. Passenger cars account for a smaller share of the market. 

Radar-based systems are dominating the ADAS market in India owing to their widespread adoption in commercial vehicles. Camera-based systems are slowly gaining foothold owing to their advantages such as low installation cost and wide range of applications such as traffic monitoring and surveillance. 

The major players operating in the ADAS market in India include Denso Corporation (Japan), Continental AG (Germany), Bosch SE (Germany), Valeo S A (France), Pioneer Electronics Co., Ltd. (Taiwan), Magna International Incorporated (United States), Embraco PLC (UK) and Honeywell International Incorporated (US).

Drivers of the India Advanced Driving Assistance Systems Market

The India Advanced Driving Assistance Systems market is expected to grow at a CAGR of over XXXX% during the forecast period. The growth of this market is attributed to increasing demand for these systems from government and private organizations in the country.

Some of the key drivers of the India Advanced Driving Assistance Systems market include:

– Increasing demand for these systems from government and private organizations in India.

– Growing population base in the country that is increasingly adopting advanced driving assistance systems.

– Development of favourable regulations governing these systems. 

Some of the key challenges that the India Advanced Driving Assistance Systems market is expected to face include:

– High cost of these systems.

– Limited availability of qualified personnel to provide these systems.

Key Trends and Developments in the India Advanced Driving Assistance Systems Market

The market for advanced driving assistance systems in India is expected to grow at a CAGR of over XXXX% from 2016 to 2021. The increasing demand for ADAS in the country is attributable to the growing number of drivers and consumers who are using these systems.

One of the key reasons for the growth of ADAS in India is the rising number of elderly populations, as this segment constitutes a major consumer base. Additionally, the government’s initiatives such as Make in India and Smart Cities Mission are also expected to stimulate demand for ADAS systems. However, challenges such as limited insurance coverage and lack of awareness among drivers about these systems are hampering the market’s growth.

Some of the key players operating in the Indian ADAS market include Continental AG, Ford Motor Company, General Motors Corporation, Google Inc., Hyundai Motor Company, Nissan Motor Company Ltd., Renault SA, Volkswagen AG, and ZF Group SE.

Major Vendors in the Industry

India is the world’s second-largest automobile market, and it is forecast to grow at a CAGR of XXXX% through 2021. The market for advanced driving assistance systems (ADAS) in India is estimated to be worth $XXXX billion by 2021.

The major vendors in the industry are Bosch, Continental AG, Denso Corporation, Garmin Ltd., Honda Motor Co., Hyundai Motor Co., Infiniti Limited, Jaguar Land Rover Ltd., Kia Motors Corp., Mitsubishi Motors Corp., Nissan Motor Co., PSA Peugeot Citroën S.A., Renault SA, Samsung Electronics Co., Skoda Auto Czech Republic s.r.o., Volvo Car Corporation, and Volkswagen AG.

Some of the key players in the ADAS segment include Bosch Automotive Solutions GmbH (BAS), Continental AG (CONI), Denso Corporation (DENSO), Garmin Ltd. (GRMN), Honda Motor Co. (HMC), Hyundai Motor Co. (HYUNDAI), Infiniti Limited (INFINITI), Jaguar Land Rover Ltd. (JLR), Kia Motors Corp. (KIA), Mitsubishi Motors Corp.(MITSUBISHI), Nissan Motor Co.(NISSAN), PSA Peugeot Citroën S.A.(PSA), Renault SA (RENAULT SA.), Samsung Electronics Co.(SAMSUNG ELECTRONICS CO.),

Competitive Landscape of Major Vendors in India Advanced Driving Assistance Systems Market

The India ADAS market is expected to grow at a CAGR of over XXXX% during the forecast period 2016-2020. This growth is attributable to increasing demand from both governmental and commercial organizations for advanced driving assistance systems (ADAS) in India.

The major vendors in the market are Bosch, Continental AG, Ford Motor Company, General Motors Corporation, Honda Motor Co., Hyundai Motor Company, Jaguar Land Rover Limited, KNAUS Solutions GmbH, Mitsubishi Electric Corporation, Nissan Motor Co., Renault SA, and Toyota Motor Corp. These companies are engaged in various projects across the country to expand their presence in the market.

Some of the key reasons for this trend include increasing penetration of smartphones and tablets among Indian consumers; growing need for safer roads; and rising adoption of alternative fuels such as electric and hybrid vehicles. The report offers detailed analysis of each company’s competitive landscape and prospects in the ADAS market in India.

Global and Regional Analysis of Major Vendors in India Advanced Driving Assistance Systems Market

The India Advanced Driving Assistance Systems market is projected to grow at a CAGR of XXXX% in the next five years. The increasing adoption of advanced driving assistance systems (ADAS) in India is expected to drive growth in the market.

Some key players operating in the Indian ADAS market include Bosch, Continental, Denso, Garmin Ltd., Hella KGaA/Volkswagen AG, Honeywell International Inc., and Valeo S.A. However, there are several smaller players as well that are expected to benefit from the growing demand for these systems.

The major regions in which the ADAS market is expected to grow are North America, Europe, Asia Pacific (APAC), and Latin America. The APAC region is expected to account for the highest share of the overall market during 2020-2025.