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. India is a major market for advanced driving assistance systems (ADAS) due to the growth of the automotive and luxury car markets in the country.
This report covers the present scenario and forecast of the India advanced driving assistance systems market from 2022-2028. The market has been segmented based on product, technology, and application. Product segmentation includes pedestrian detection, lane departure warning, and forward collision warning systems. Technology segmentation includes radar, LIDAR, camera sensors, and other sensor technologies. Application segmentation includes commercial vehicles such as buses, trucks, and cars; government vehicles such as police cars and ambulance; and passenger vehicles such as SUVs and sedans.
The report provides detailed information on key players in the India ADAS market along with their business overviews, products & services offered, key financial metrics, recent developments & strategies employed by them. Major players in this market are Bosch Ltd., Continental AG (China), Denso Corp., General Motors LLC., Honda Motor Co., Ltd., Hyundai Motor Co., Ltd., Johnson Controls Incorporated (UAE), Komatsu Ltd., Mahindra Group Limited (India), Nissan Motor Co., Ltd.
India Advanced Driving Assistance Systems Market Structure
The Advanced Driving Assistance Systems market is expected to grow at a CAGR of over XXXX% through 2021. The rising demand for various safety features in vehicles is fuelling the growth of this market. Along with this, the increasing number of pedestrians and motorists on the roads has led to an increase in the demand for these systems.
The market is segmented on the basis of product type and region. On the product type front, there are two types of ADAS systems – driver assistance system (DAS) and vehicle-to-vehicle communication (V2V). On the regional front, North America accounts for a majority of the market followed by Europe. However, Asia Pacific is expected to grow at a high rate during the forecast period.
On the basis of application, nine out of ten ADAS installations are used in commercial applications such as trucking, taxi cabs, and heavy vehicles. Passenger car segment is estimated to witness highest growth owing to rising demand for advanced safety features in cars. Other key applications include military and emergency services, law enforcement agencies, and other segments such as home Automation & Security Systems (HASS), ride sharing companies, automotive manufacturing companies etc.
Some key players in this market are Continental AG (Germany), Denso Corporation (Japan), Harman International Industries Incorporated (U.S.), BAE Systems plc (UK), Valeo SA (France), Delphi Automotive Plc (U.K.), Audi AG (Germany), and BMW AG (Germany).
Types of Advanced Driving Assistance Systems Market
The driving assistance systems market in India is expected to grow at a CAGR of over XXXX% from 2016 to 2024. The market is being driven by the increasing number of accidents and fatalities, as well as the growing government initiatives to promote road safety.
The major players in the driving assistance systems market in India are Bosch SE, Continental AG, Denso Corporation, General Motors Company LLC., ITRONIQ Limited, LG Electronics Inc. and Panasonic Corporation. Bosch SE is the leading player in the market with a share of approximately XXXX%.
The major regions contributing to the growth of the driving assistance systems market in India are North-Central & Northeast India, South Asia, and Western India. North-Central & Northeast India is expected to account for the largest share of revenue in the driving assistance systems market in India during 2016– 2024.
Drivers of India ADAS Market
The India Advanced Driving Assistance Systems market is expected to grow at a CAGR of XXXX% during the forecast period 2016-2021. The rapid growth in the ADAS market is attributed to the increasing involvement of drivers and passengers in various modes of transportation, such as cars, trucks, motorcycles, and bicycles. The rising demand for safer and more efficient modes of transportation is also propelling the growth of this market.
Some major factors contributing to the growth of the ADAS market include increasing number of accidents and fatalities due to driver error, growing awareness about road safety among people, rising investment in R&D for developing new ADAS technologies, growing government initiatives for promoting road safety, and increase in demand for advanced driver assistance systems from commercial vehicles.
Some leading players in this market are Continental AG (Germany), Ford Motor Company (U.S.), General Motors Corporation (U.S.), Honda Motor Company Ltd. (Japan), Hyundai Motor Company Ltd. (South Korea), Nissan Motor Co., Ltd.(Japan), Toyota Motor Corporation (Japan), Volkswagen Group AG(Germany), and Volvo AB (Sweden).
Infrastructure, Standards, Regulations of the India Advanced Driving Assistance Systems Market
The India ADAS market is projected to grow at a CAGR of XXXX% during the forecast period 2016-2021. Factors such as increasing number of fatalities owing to road accidents, rising sale of commercial vehicles and rapid urbanization are expected to propel the growth of ADAS market. The government initiatives such as Make in India and Skill Development Scheme for Manufacturing sector are expected to support the growth of the ADAS market.
Some of the major players operating in this market include Denso Corporation, BAE Systems Plc., Continental AG, Nissan Motor Co., Ltd., and Autoliv Inc. Among these, Denso Corporation was the largest player in 2015 with a share of about XX%.
The major regions expected to witness the highest growth in the ADAS market are North America, Asia Pacific, and Europe.
A number of standards and regulations governing the ADAS market are being developed by various regulatory agencies such as National Highway Traffic Safety Administration (NHTSA), European Commission, Federal Motor Vehicle Safety Standards (FMVSS), Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT), etc. These standards will help players in this market to develop cost-effective products.
Impact Analysis of the India Advanced Driving Assistance Systems Market
The advanced driving assistance systems market is expected to grow at a CAGR of over XXXX% during the forecast period 2017-2021. This growth is chiefly driven by the rising adoption of these systems in different regions across the world. The Asia Pacific region is estimated to account for the largest share of the market, followed by Europe.
The following are some key factors that are expected to contribute to the growth of the advanced driving assistance systems market:
1. Increasing awareness about the benefits offered by these systems
2. Growing number of elderly and disabled population who require assistance while driving
3. Rise in demand for autonomeous vehicles
4. Rising trend towards electrification of vehicles
Conclusion of the India Advanced Driving Assistance Systems Market
The market for India Advanced Driving Assistance Systems is expected to grow at a CAGR of over XXXX% during the period 2022-2028. The increasing number of elderly people and increased adoption of newer technologies are some of the major drivers for this growth. The government policies such as Make in India and Digital India, as well as increasing investment in R&D by various companies, are also contributing to the growth of the market.
