India Advanced Driving Assistance Systems Market (2022-2028): Forecast Analysis and Opportunities : 6Wresearch
India Advanced Driving Assistance Systems Market Overview
The India Advanced Driving Assistance Systems market is projected to be valued at USD XXXX billion by the end of 2028, at a CAGR of XXXX% during the forecast period 2022-2028. India has emerged as a key market for advanced driving assistance systems, owing to the growing population and rising consumer spending.
The market is segmentation is based on type, application, and geography. On the basis of type, the market is divided into vehicle-to-vehicle (V2V) and vehicle-to-infrastructure (I2V) systems. V2V systems are used to send and receive information between vehicles, while I2V systems are used to transmit data between infrastructure nodes such as traffic lights. On the basis of application, the market is split into commercial vehicles and passenger cars. Commercial vehicles include trucks, buses, and vans, while passenger cars include sedans and SUVs. Geographically, the market is segmented into North America, Europe, Asia Pacific (APAC), and Latin America.
The major players in this market include Bosch Automotive Solutions Ltd., Continental AG Group PLC., Volvo Car Corporation AB., Denso Corporation., GM LLC., Renault SA., Nissan Motor Co Ltd., Mitsubishi Heavy Industries Ltd., and Toyota Motor Corp..
India Advanced Driving Assistance Systems Market Dynamics
The market for Advanced Driving Assistance Systems (ADAS) in India is expected to grow at a CAGR of XXXX% from 2016-2021. This growth is attributable to factors such as increasing need for safety and efficiency, increasing government investment in ADAS, and growing demand from the automotive sector.
This report provides forecasts for the market for ADAS in India, including sales volume, revenue, and market share. It also includes an analysis of the key factors driving this market. The report also provides insights into the opportunities that exist in this market.
Drivers and Restraints of the India Advanced Driving Assistance Systems Market
The advanced driving assistance systems market in India is expected to grow at a CAGR of XXXX% during the forecast period (2018-2025). The growth of this market is chiefly driven by the increasing number of incidents and fatalities caused due to negligence.
Advanced driver assistance systems (ADAS) are devices that provide warnings, cues, and automated controls to help drivers stay safe on the road. These systems can be divided into four categories:
1. Front-end system: This system includes cameras, radar, and sensors that detect vehicles in front of you and provides real-time updates about their movements. It also helps you interact with other drivers on the road and make decisions about whether or not to brake.
2. Driver assistance system (DAS): This type of ADAS helps you stay alert for potential collisions and makes automatic decisions about how to respond. DASs can include features like adaptive cruise control, lane keeping assist, and forward collision warning.
3. Rear-end system: This type of ADAS alerts you when someone behind you has stopped or is slowing down, so you can avoid a collision. It can also warn you if someone is approaching from behind too quickly.
4. Infrastructure & connectivity: This category includes devices such as communication networks, data storage facilities, and security systems that are necessary for deploying advanced ADAS technologies in a vehicle context.
India Advanced Driving Assistance Systems Market Demand Forecast
The demand for India ADAS market is forecast to grow at a CAGR of XXXX% between 2016 and 2021. This growth is due to the increasing number of accidents and fatalities, as well as the government’s focus on road safety. The commercial vehicles segment is expected to account for the majority of ADAS demand in India during this period.
A major factor driving the demand for ADAS in India is the increasing number of accidents and fatalities. In 2015, there were XXXX million accidents in India, resulting in XXXX fatalities. The government has stressed the need to reduce these numbers, and has initiated measures such as road safety campaigns and increased investment in infrastructure development. Additionally, insurance companies are increasingly investing in ADAS technology to reduce claims costs and improve customer satisfaction.
The commercial vehicles segment is expected to account for the majority of ADAS demand in India during this period. This is due to the high number of accidents and fatalities that occur in this sector. Additionally, this segment accounts for a large share of total vehicle sales in India. Many businesses operating commercially in India use older vehicles that do not have features such as night vision or forward collision warning systems, which can make driving more dangerous. By installing ADAS systems into these vehicles, businesses can improve their safety while also reducing costs associated with injuries or death caused by collisions.
India Advanced Driving Assistance Systems Market Supply Forecast
The India Advanced Driving Assistance Systems market is expected to grow at a CAGR of XXXX% from 2018 to 2026. This growth can be attributed to the increasing population base in the country, increased penetration of smartphones and increasing demand for safety features in vehicles.
Major players in the Indian Advanced Driving Assistance Systems market are Continental AG (Germany), Denso Corporation (Japan), Honeywell International Inc. (U.S.), Valeo SA (France), and ZF Friedrichshafen AG (Germany). These companies are focusing on providing self-driving technologies to vehicle manufacturers across various segments such as luxury sedans, SUVs, and commercial vehicles. Some of these companies are also focusing on developing autonomous driving systems for different applications such as freight transport, urban traffic control, and ride sharing.
India Advanced Driving Assistance Systems Market Opportunities
The ADAS market is expected to grow at a CAGR of XXXX% during the forecast period 2017-2021, owing to the increasing demand for safety and efficient transportation in developing countries such as India. Furthermore, the government initiatives such as Make in India and Digital India are expected to drive the growth of the ADAS market in India.
The major players in this market include Continental AG (Germany), Hyundai Motor Company (South Korea), Renault SA (France), Toyota Motor Corporation (Japan), and Volkswagen AG (Germany). These companies are currently offering their advanced driving assistance systems in passenger cars, SUVs, and trucks.
Some of the key opportunities that the market players are looking into include increasing sales of standalone ADAS products, enhancing customer experience through innovative services and products, expanding into new markets such as automatic emergency braking, and developing collision prevention systems.
