India ADAS Market: Anticipating Significant Growth with Rapid CAGR in the Coming Years

According to the TechSci Research report titled "India ADAS Market- Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F," the ADAS market is expected to experience significant growth in the coming years with a rapid CAGR. The advanced driver assistance system encompasses a wide array of active and passive technologies designed to assist drivers in providing safety, comfort, and efficiency while driving, while also improving the security and safety of drivers, passengers, and pedestrians. Key components of ADAS include sensors, cameras, radars, and software. Some of the key advancements in ADAS technology include autonomous emergency braking, park assist, adaptive cruise control, and lane departure warning systems. Artificial Intelligence has played a major role in propelling 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.

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Automakers are collaborating with firms such as Autoliv and Continental to develop and build cost-effective advanced driver assistance systems (ADAS). The objective of this partnership is to help automakers achieve cost savings through economies of scale, which in turn will reduce the price of ADAS systems. This effort by major automotive OEMs is expected to lead to an increase in the adoption of ADAS in budget-friendly vehicles in the near future. DENSO has introduced a linear LIDAR with the capability of horizontal beam scanning. The company also debuted a small, low-cost linear LIDAR that has been commercialized in the automotive industry.

The India advanced driver assistance systems (ADAS) market can be divided into several segments based on vehicle type, sensor type, level of autonomy, function, and region. By vehicle type, the market is separated into passenger cars and commercial vehicles, with passenger cars having the largest market share due to the growing demand for improved safety, comfort, and efficiency. The sensor type segment is divided into four categories: cameras, radars, lidars, and ultrasonic sensors. Radar sensors, which are used in various technologies such as emergency braking and adaptive cruise control, are anticipated to have the largest market share due to increasing safety awareness and a rise in the number of accidents. 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

“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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