India Advanced Driving Assistance Systems Market Overview
The India Advanced Driving Assistance Systems market is projected to grow at a CAGR of over XXXX% during the forecast period 2022-2028. The increasing demand for ADAS in various industries, such as transportation, commercial, and defence is expected to drive the market growth.
The objective of this report is to provide an overview of ADAS and its potential applications in different segments of the market. Various drivers and restraints are discussed along with the current status of the market. The report also covers the competitive landscape and offers a detailed analysis of major players in the ADAS market.
This report is a valuable resource for companies active in the ADAS market and interested in understanding the current market trends and opportunities.
The report provides a snapshot of the market, including the following:
– Overall ADAS market size and growth prospects
– Segments that are witnessing the highest demand for ADAS
– Applications of ADAS in different segments
– Competitive landscape including key players
India Advanced Driving Assistance Systems Market Forecast
The Advanced Driving Assistance Systems market is expected to grow at a CAGR of XXXX% during the forecast period 2017-2022. This growth is mainly driven by rising adoption of these systems in India, increasing demand for safety and increased preference for advanced features. However, the market is also being threatened by stringent regulations and stiff competition from traditional automakers.
The key players in the Advanced Driving Assistance Systems market are Bosch Automotive Solutions (Germany), Continental AG (Germany), Delphi Automotive (US), Denso Corporation (Japan), Ford Motor Company (US), General Motors Company (US), Honda Motor Company Ltd. (Japan), Hyundai Mobis Co., Ltd. (South Korea), Kia Motors Corporation (South Korea), NEC Corporation (Japan), Panasonic Corporation of North America Holdings Inc. (US), Renault SA (France), Sensory Incorporated, SRT LLC. Ford Motor Company has emerged as a dominant player in the market due to its wide product portfolio covering various types of ADAS solutions such as traffic jam assist, lane keeping assist and pre-collision system.
Asia Pacific is expected to account for the highest share of the overall market during the forecast period 2017-2022 owing to high adoption rates in countries such as India and China. The Latin American region is also expected to witness significant growth over the next five years owing to rising adoption rates in countries such as Brazil and Mexico.
India Advanced Driving Assistance Systems Market Key Trends
The Advanced Driving Assistance Systems (ADAS) market is expected to grow at a compounded annual growth rate of over XXXX% from 2016 to 2021, owing to increasing government initiatives and mandates for these systems. These include passenger safety, traffic congestion management, and improving the driver experience.
Some key factors fueling the growth of the ADAS market in India are:
• Growing demand for passenger safety and traffic congestion management systems
• Increasing number of advanced cars on the roads in India
• Growing demand for intelligent transportation systems
The major players in the ADAS market in India are Bosch Ltd., Continental AG, Denso Corporation, Delphi Automotive plc., GM Daewoo LLC., Honda Motor Co., Ltd., Hyundai Motor Co., Ltd., Infineon Technologies AG, International Business Machines Corp. (IBM), Jaguar Land Rover Limited, Kia Motors Corporation, Mitsubishi Electric Corporation and Nissan Motor Co., Ltd.
Some of the key challenges faced by the ADAS market in India are:
• Limited adoption of ADAS due to high cost and complexity of systems
• High dependency on available infrastructure
Factors Affecting the Growth of the India Advanced Driving Assistance Systems Market
The India Advanced Driving Assistance Systems market is expected to grow at a CAGR of XXXX% during the forecast period (2017-2021). The factors driving this growth are:
1. Increasing awareness about the benefits of advanced driving assistance systems in India
2. Rising demand for ADAS across various segments in India
3. Growing adoption of ADAS by key industry players in India
4. Progression of technology and advancement in sensor development
5. Growing demand from the government sector in India
6. Increasing investment by key industry players
India Advanced Driving Assistance Systems Market Company Profiles
The India ADAS market is expected to grow at a CAGR of over XXXX% during the forecast period 2016-2021. Factors such as increasing number of accidents, rising demand for advanced safety features, and growing government initiatives are likely to propel the growth of this market.
Some of the leading players in this market include Bosch India Pvt. Ltd., Continental AG, Denso Corporation, Pioneer Corporation, and Valeo S.A. The companies offer a wide range of products such as lane departure warning systems (LDWS), forward collision warning systems (FCWS), adaptive cruise control (ACC), and pedestrian detection systems.
The market is segmented is based on application and type. On the application side, the market is divided into urban areas and rural areas. On the type side, the market is divided into passenger car and commercial vehicle markets.
In terms of regions, North America is expected to be the fastest-growing region in this market while Europe is projected to register a lower growth rate owing to slower adoption rates of advanced driving assistance systems in these regions. Asia Pacific is estimated to be the largest regional market in terms of volume sales followed by Latin America and Africa.
Conclusion of the India Advanced Driving Assistance Systems Market
The India Advanced Driving Assistance Systems market is expected to grow at a CAGR of over XXXX% during the forecast period. The key factors contributing to this growth are increasing number of road accidents, rising demand for advanced safety features, and growing acceptance of autonomous driving technology.
The market is divided into three major segments: pedestrian recognition, lane keeping assistance, and automated driving. The pedestrian recognition segment is expected to hold the highest market share soon. This is due to the increasing number of pedestrians and rising demand for safety features. The lane keeping assistance segment is expected to grow at a slower rate due to the high cost of sensors and lack of awareness among drivers. The automated driving segment is expected to exhibit the highest growth rate due to the increasing adoption of autonomous technology in various industries such as transportation, retail, healthcare, and others.
There are several key players in the India Advanced Driving Assistance Systems market, including BAE Systems (UK), Continental AG (Germany), Denso Corporation (Japan), and General Motors (US). These companies are focusing on developing advanced safety features for autonomous driving systems and expanding their product portfolio across different segments of the market.
