India Advanced Driving Assistance Systems Market Outlook | Size, Share, Revenue, Analysis, Forecast, Trends, Industry & COVID-19 IMPACTMarket Forecast By Product Types, By Sensor Types, By Products, By Regions And Competitive Landscape

India Advanced Driving Assistance Systems (ADAS) Market report thoroughly covers the market by product types, sensor types, vehicle types, and regions. India Advanced Driving Assistance Systems Market report provides an unbiased and detailed analysis of the ongoing driving assistance systems market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Advanced Driving Assistance Systems Market (ADAS) Synopsis

India ADAS market witnessed slower development in comparison with advanced economies on account of poor road infrastructure and fast-evolving government regulations in the automotive sector due to which vehicle manufacturers majorly focused on investing in the development of BS 6 technology and electric vehicles segment, delaying the adoption of advanced driving assistance systems (ADAS) in the country. During 2021, Advanced Driving Assistance Systems experienced sluggish adoption by passenger vehicle OEMs owing to the COVID-19-induced shortage of semiconductors, which are vital components of advanced driving assistance systems. However, since advanced driving assistance systems equipped with vehicles were launched in late 2021, COVID-19 did not have a direct impact on the market.

According to the publisher, India Advanced Driving Assistance Systems Market (ADAS) size is projected to grow at a CAGR of 54.7% during 2022E-2028F. Driving is one of the most essential aspects of life. It allows us to go about our day-to-day tasks and get from one place to another. Unfortunately, many accidents occur as a result of poor driving habits. ADAS technology is used to help drivers keep safe on the road by providing them with various features and alerts. The primary reason for the growth in the India ADAS market can be attributed to government efforts to improve road safety and reduce the rate of road accidents that the country has been witnessing. Moreover, the voluntary adoption of active as well as passive safety features by vehicle manufacturers in India to enhance GNCAP ratings of the vehicles acted as a catalyst for the growth of Indian ADAS market.

Market by Product Types

By product types, the park assist systems acquired the highest revenue share in India advanced driving assistance systems market (ADAS) share owing to their wide presence in the passenger vehicle segment and higher costs arising from numerous sensors required to support their functioning. ADAS technologies such as adaptive cruise control, blind spot detection, park assist, autonomous emergency braking, and intelligent headlights are becoming increasingly common in new vehicles sold in India. These features improve safety by helping drivers avoid accidents or reducing the severity of accidents that do occur. ADAS technologies are currently offered as optional extras on many new vehicles sold in India but are expected to become standard equipment on all.

Market by Sensor Types

In the Advanced Driving Assistance Systems (ADAS) industry in India, camera sensors acquired the highest market share owing to their multi-utility advantage and high dependence on level 1 & level 2 ADAS systems on camera sensors. While LiDAR and RADAR sensors, which have applications with a higher level of autonomy, held a minute share in the Indian market which is currently at a nascent stage. Camera-based systems use cameras to identify objects around the vehicle and provide guidance to the driver. RADAR-based systems use radio waves to detect objects and provide guidance to the driver. LiDAR-based systems use a beam of lasers to detect objects and provide guidance to the driver.

Market by Products

Passenger vehicles are expected to be the largest segment of India advanced driving assistance systems market, followed by light commercial vehicles and heavy commercial vehicles. The demand for passenger vehicles is driven by factors such as economic growth, rising income levels, and changing lifestyle patterns. The demand for light commercial vehicles is projected to be driven by the growing e-commerce and start-up culture in the country. The demand for heavy commercial vehicles is expected to be driven by infrastructure development projects such as roads, highways, bridges, etc.

Market By Region

The northern region is anticipated to be the largest market for advanced driver assistance systems in India, owing to the presence of many consumers in this region. Moreover, the increased demand for luxury and premium vehicles in this region is another major factor driving the growth of the ADAS market in India. The growth of these regional markets is attributed to factors such as government initiatives to promote safety on roads and increased awareness about road safety among people in this region.

Application Areas of India Advanced Driving Assistance Systems (ADAS) Market

The application areas of advanced driving assistance systems (ADAS) include passenger safety, traffic management, and fleet operations. Passenger safety is the most important application area for ADAS because it can prevent fatalities and injuries. Traffic management is another application area that is gaining popularity because it can improve highway safety and reduce traffic congestion. Fleet operations is another application area for ADAS because it can help drivers to operate vehicles safely.

Drivers for the India Advanced Driving Assistance Systems (ADAS) Market

The country has a large population of over 1.3 billion people and a growing vehicle fleet, which is expected to grow during the projected period. There are several reasons for the India Advanced Driving Assistance Systems Market's growth. First, the government is encouraging the use of vehicles and has offered tax breaks and other incentives to manufacturers. Second, the automotive industry is growing rapidly in India, with new investments being made in the sector each year. Third, the country has a high rate of urbanization and increasing numbers of people are moving into cities and looking for convenient transportation options. Fourth, the growing adoption of autonomous vehicles by various end users. And Fifth, safety becomes an increasingly important selling point for vehicles in the country owing to the rising number of accidents and fatalities due to road traffic incidents.

Challenges in the India Advanced Driving Assistance Systems (ADAS) Market

The challenges in the India advanced driving assistance systems market revenue are mainly due to the lack of awareness about these technologies and their benefits among consumers, high costs, and lack of infrastructure. Additionally, the regulatory framework for these technologies is still evolving and needs more clarity and there is a lack of infrastructure for ADAS and the lack of trained personnel for installation and maintenance. These factors are expected to challenge the growth of the advanced driving assistance systems market in India during the projected period.

Key Players in India ADAS Market 

The India Advanced Driving Assistance Systems Market is one of the emerging markets. The growth of this emerging sector is owing to the continuous efforts of the market players. The key players in the sector are Robert Bosch, Wabco, Continental Automotive, Denso Corporation, Mando Corp, and others. These players with their innovative strategies and right products have been adding value to the smooth progression of their key consumers which has been stimulating the growth of the ADAS Market in the country. These market players are taking various strategic measures that include facility expansions and product launches in order to gain a competitive edge in the market. 

Key Attractiveness of the Report

• COVID-19 Impact on the Market.
• 8 Years Market Numbers.
• Base Year: 2021
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report

• India Advanced Driving Assistance Systems Market Overview
• India Advanced Driving Assistance Systems Market Outlook
• India Advanced Driving Assistance Systems Market Forecast
• Forecast of India Advanced Driving Assistance Systems Market Revenues, for the Period 2021-2028F
• Forecast of India Advanced Driving Assistance Market Revenues, By Product Types, for the Period 2021-2028F
• Forecast of India Advanced Driving Assistance Market Revenues, By Sensor Types, for the Period 2021-2028F
• Forecast of India Advanced Driving Assistance Market Revenues, By Vehicle Types, for the Period 2021-2028F
• Forecast of India Advanced Driving Assistance Market Revenues, By Regions, for the Period 2021-2028F
• India Advanced Driving Assistance Market Share, By Market Players
• Market Drivers and Restraints
• India Advanced Driving Assistance Market Trends
• Competitive Benchmarking
• Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Product Types

• Adaptive Cruise Control
• Blindspot Detection
• Park Assist
• Autonomous Emergency Braking
• Intelligent Headlights
• Others

By Sensor Types

• LiDAR
• RADAR 
• Camera
• Ultrasonic

By Products

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial vehicles

By Regions

• Northern
• Western
• Eastern
• Southern