India ADAS Market: Unveiling Key Trends and Future Outlook - TechSci Research

Posted by Kumar on October 18th, 2023

Introduction:

TechSci Research presents an extensive analysis of the Indian ADAS market through its report titled "India ADAS Market - Size, Share, Trends, Competition, Opportunity, and Forecast, 2018-2028F." This comprehensive report sheds light on the impressive growth rate expected in the coming years for the Advanced Driver Assistance Systems (ADAS) sector. ADAS comprises a broad spectrum of both active and passive technologies meticulously designed to enhance driving safety, comfort, and efficiency, while simultaneously bolstering security and safety for drivers, passengers, and pedestrians. Vital components of ADAS include sensors, cameras, radars, and software. Among the plethora of technologies incorporated in ADAS, key advancements include autonomous emergency braking, park assist, adaptive cruise control, and lane departure warning systems, all of which are instrumental in redefining the automotive landscape. It is important to note that the integration of Artificial Intelligence (AI) has been a transformative force in propelling the automotive industry towards innovative ADAS solutions.

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Government Regulations and ADAS Standards:

One of the driving forces behind the rapid growth of ADAS in India is the unwavering focus of the government on implementing legislative guidelines and regulations to monitor users and mitigate the incidence of traffic accidents. A pivotal milestone in this journey is India's plan to standardize electronic stability control (ESC) and automated emergency braking (AEB) for automobiles by 2022-2023. Additionally, the Roads and Highways Authority is actively pursuing the incorporation of ADAS as a mandatory feature in vehicles, with the aim of reducing accidents. This heightened emphasis on ADAS standards is a proactive response to the rising safety concerns and traffic management challenges within the country.

Collaborations in ADAS Development:

Automotive Original Equipment Manufacturers (OEMs) are forging partnerships with renowned companies such as Autoliv and Continental to design and construct cost-effective ADAS solutions. This collaborative effort is geared towards helping automakers achieve economies of scale, thereby reducing the costs associated with ADAS systems. As a result, major automakers are expected to drive the proliferation of advanced driver assistance systems in affordable vehicles in the coming years. Furthermore, market players like DENSO have introduced innovations like linear LIDAR with horizontal beam scanning capability, as well as compact and economical linear LIDAR systems designed for commercial use within the automotive industry.

Segmentation of the India ADAS Market:

The India ADAS market can be categorized based on several key parameters, allowing for a more nuanced understanding of its dynamics:

Vehicle Type: The market is segmented into passenger cars and commercial vehicles. Passenger cars dominate this segment, driven by the growing need for enhanced safety features, increased comfort, and improved efficiency.
Sensor Type: The market is further divided into four categories - Camera, Radar, Lidar, and Ultrasonic. Radar sensors hold the largest market share, predominantly due to the escalating awareness of safety concerns and the increasing frequency of accidents. Radar sensors are pivotal in numerous technologies, including emergency braking and adaptive cruise control.
ADAS Functions: The ADAS market encompasses various functions such as Collision Avoidance, Adaptive Cruise Control, Lane Departure Warning System, Rear-cross Traffic Assistance, Emergency Braking, Intersection Assistance, Automatic Speed Limit, among others. Emergency Braking stands out with the most significant market share, as it plays a crucial role in overseeing and automatically applying brakes to slow or halt a vehicle before collision.
Commute Type: Finally, the market is segmented based on commute type, distinguishing between inter-city and intra-city travel. Within this segment, intra-city commute prevails as the preferred mode, reflecting the inclination towards shared mobility for daily office commutes.

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.

What to Expect in the Sample Report:

Market Overview: A comprehensive insight into the Indian ADAS market's current state, highlighting growth opportunities and challenges.
Technology Advancements: An exploration of the latest innovations and technological advancements that are shaping the ADAS landscape.
Government Regulations: A detailed analysis of government regulations and standards aimed at enhancing road safety through ADAS adoption.
Industry Collaborations: An examination of the collaborations and partnerships among automotive OEMs and key industry players.
Segment-wise Analysis: A detailed breakdown of the ADAS market by vehicle type, sensor type, ADAS functions, and commute type.
Future Outlook: A forward-looking perspective on the growth potential of the Indian ADAS market.

Who Will Benefit from This Report:

Automotive Manufacturers: Gain insights into the evolving ADAS landscape and consumer demands, enabling informed decision-making in product development.
Investors: Identify opportunities in the burgeoning ADAS market and track key market players.
Government and Regulatory Bodies: Leverage data for policy-making and to support safety regulations in the automotive sector.
Academic and Research Institutions: Access valuable information for studies related to automotive technology, safety, and innovation.
Automotive Technology Providers: Understand market dynamics and trends to develop tailored solutions for the evolving automotive sector.

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