India ADAS Market to Grow Due to Increasing Technological Innovations
Increasing innovation
towards autonomous vehicle, strict government policies and advance sensor
technology, is increasing the demand of India ADAS market.
According to the TechSci Research report, "India ADAS Market - Size, Share, Trends,
Competition, Opportunity and Forecast, 2018-2028F", the market is anticipated
to grow with the rapid CAGR in the upcoming years. The advanced driver
assistance system encompasses a wide range of active and passive technologies
meant to assist the driver by providing safety, comfort, and efficiency while
driving, as well as improving driver, passenger, and pedestrian security and safety.
Sensors, cameras, radars, and software are all critical components of ADAS.
Among many technologies incorporated in ADAS, autonomous emergency braking, park
assist, adaptive cruise control, and lane warning departure system are some
crucial advancements. Artificial Intelligence (Al) has propelled the automotive
sector forward.
The government has
concentrated on developing many legislative guidelines and rules to monitor
users and restrict the growth in traffic accidents by incorporating ADAS
components in automobiles. India is now planning to make electronic stability
control (ESC) and automated emergency braking (AEB) standard for
automobiles by 2022-2023. Furthermore, the Roads and Highways Authority has
said that it is striving to make ADAS an compulsory feature of cars to reduce
the number of accidents in the country. This is due to increasing restrictions
regarding ADAS standards.
Browse more thanXX market data Figures spread through 70 Pages
and an in-depth TOC on "India ADAS Market"
Automotive OEMs are working with companies like Autoliv and Continental to
create and construct affordable ADAS. This agreement is intended to help
automakers achieve economies of scale, which will help to cut the prices of
ADAS systems. This push by major automakers is anticipated to result in an
increase in advanced driver aid systems in low-cost automobiles in the coming
years. DENSO launched a linear LIDAR with horizontal beam scanning capability.
The business also introduced a small-scaled and low-cost linear LIDAR that was
commercialised in the automobile industry.
The
India ADAS market can be segmented based on vehicle type, Sensor type, level of
Autonomy, function and by region. By vehicle type, the market is segmented into
passenger car and commercial vehicle. Among these, passenger car has the
greatest market share due to the increased need for greater safety features,
comfort, and efficiency. The market is divided in four categories in sensor
type: Camera, Radar, Lidar, and Ultrasonic. Due to rising safety awareness and
an increase in the number of accidents, radar sensors will have the largest
market share. Radar sensors are utilised in a variety of technologies,
including emergency braking and adaptive cruise control. The ADAS market is divided
into Collision Avoidance, Adaptive Cruise Control, Lane Departure Warning
System, Rear-cross Traffic Assistance, Emergency Braking, Intersection
Assistance, Automatic Speed Limit, Others, and Park Assistance. Emergency
Braking has the biggest market share. This system oversees slowing or stopping
a vehicle before contact to avoid an accident by automatically applying the
brakes. By commute type, the market is divided into inter-city and intra-city.
In this segment, the market is dominated by the intra-city as people preference
of using shared mobility for daily commute to their office.
Some of the major players operating in the
India ADAS Market include:
- ZF Commercial Vehicle Control Systems
India Ltd.
- Aisin Seiki Co. Ltd
- DENSO India Pvt. Ltd.
- Delphi Automotive System Private Limited
- Magna Automotive India Pvt. Ltd
- Continental Automotive Components India
Pvt Ltd.
- Infineon Technologies India Private
Limited
- Bosch Limited
- Aptiv Components India Pvt Ltd
- Autoliv India Pvt Ltd
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“The Indian ADAS market is still in its infancy, with just a small fraction of
vehicles equipped with these technologies, which are classified as lower
levels(1-2) of driving support features. Many manufacturers are already
conducting research and development in preparation for the widespread use of
ADAS technology. The shifting mindset of Indian consumers - from economy to
safety and features - will be the driving force behind the largest wave of ADAS
adoption in India. Another significant impetus is provided by the government
initiatives and regulations." Said, Mr. Karan Chechi, Research
Director with TechSci Research, a research-based management consulting firm.
“India ADAS Market By Vehicle Type (Passenger Car and
Commercial Vehicle), By Sensor Type (Camera, Radar, Lidar, and Ultrasonic), By
Level of Autonomy (Level 1, Level 2, Level 3, Level 4 and, Level 5), By
Function (Collision Avoidance, Adaptive Cruise Control, Lane Departure Warning
System, Rear-cross Traffic Assistance, Emergency Braking, Intersection
Assistance, Automatic Speed Limit, Park Assistance)& Others By Region
Competition Forecast & Opportunities, 2018- 2028F, has evaluated
the future growth potential of India ADAS Market and provides statistics & information
on market size, structure, and future market growth. The report intends to
provide cutting-edge market intelligence and help decision makers take sound
investment decisions. Besides, the report also identifies and analyzes the
emerging trends along with essential drivers, challenges, and opportunities in the
India ADAS Market.
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