India ADAS Market 2024–2033

Reports Description

As per the current market research conducted by CMI Market Research Team, the global India ADAS market is expected to record a CAGR of 18.80% from 2023 to 2032. In 2022, the market size is projected to reach a valuation of USD 1.24 billion. By 2032, the valuation is anticipated to reach US$ 9.98 billion.

The India Advanced Driver Assistance Systems (ADAS) market refers to the market for technologies and solutions that enhance vehicle safety and improve driver comfort by providing features such as lane departure warnings, adaptive cruise control, collision mitigation, and automated parking. ADAS technologies use sensors, cameras, and other advanced systems to assist drivers in controlling their vehicles and avoiding accidents.

The India ADAS market is significant for several reasons. Firstly, it can help to reduce the number of road accidents in the country, which is a major issue in India. According to the World Health Organization, India has the highest number of road accident deaths in the world, with an average of 415 deaths per day. ADAS technologies can play a crucial role in reducing this number by assisting drivers in controlling their vehicles and avoiding accidents.

Secondly, the India ADAS market has the potential to boost the country’s automotive industry by encouraging innovation and technological advancements. The adoption of ADAS technologies can improve the competitiveness of Indian automakers by enabling them to produce vehicles with advanced safety features that meet global standards.

Lastly, the India ADAS market can contribute to the country’s efforts towards reducing air pollution and promoting sustainable transportation. The development of electric vehicles and the use of ADAS technologies can help to reduce the country’s reliance on fossil fuels and promote a shift towards cleaner and more sustainable modes of transportation. In general, the India ADAS market has the potential to address several key challenges facing the country, including road safety, environmental sustainability, and technological innovation in the automotive industry.

India ADAS Market – Significant Growth Factors

The India Advanced Driver Assistance Systems (ADAS) market has significant growth potential due to several key factors, including:

1. Increasing demand for vehicle safety: As the number of vehicles on India’s roads continues to increase, there is a growing demand for technologies and solutions that can improve vehicle safety and reduce the number of accidents. ADAS technologies can provide features such as collision mitigation, lane departure warning, and blind spot detection, which can assist drivers in avoiding accidents and improve overall road safety.

2. Government initiatives and regulations: The Indian government has implemented several initiatives and regulations to promote the adoption of electric vehicles and improve vehicle safety. For example, the Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme provides subsidies for the purchase of electric vehicles, while the Bharat New Vehicle Safety Assessment Program (BNVSAP) sets safety standards for new vehicles, including the requirement for certain ADAS features.

3. Increasing disposable income: As disposable income levels in India continue to rise, there is an increasing demand for premium vehicles that offer advanced features and technologies. ADAS technologies can provide a competitive edge for automakers by enabling them to produce vehicles with advanced safety features that meet global standards.

4. Technological advancements: The development of new and advanced technologies, such as artificial intelligence, machine learning, and sensor fusion, has made it possible to integrate more advanced features into ADAS systems. These technological advancements are making ADAS technologies more reliable, efficient, and cost-effective, which is driving their adoption in the Indian market.

5. Partnerships and collaborations: Indian automakers are partnering with global technology companies to leverage their expertise in ADAS technologies. For example, Tata Motors has partnered with German automotive supplier Bosch to develop and manufacture ADAS systems for the Indian market. Such partnerships and collaborations are expected to drive innovation and accelerate the adoption of ADAS technologies in India.

India ADAS Market – Mergers and Acquisitions

The India Advanced Driver Assistance Systems (ADAS) market has witnessed several mergers and acquisitions in recent years. Here are some notable examples:

1. Mahindra & Mahindra (M&M) and Ford: In 2019, M&M and Ford announced a joint venture in which M&M would acquire a majority stake in Ford’s Indian operations. The joint venture aims to leverage Ford’s global expertise in ADAS technologies to develop and manufacture advanced vehicles in India.

2. Tata Motors and Bosch: In 2018, Tata Motors and German automotive supplier Bosch announced a partnership to develop and manufacture ADAS systems for the Indian market. The partnership aimed to leverage Bosch’s expertise in sensor technologies and Tata Motors’ manufacturing capabilities to produce high-quality ADAS systems.

3. KPIT and Kinetiq: In 2018, Indian technology company KPIT announced its acquisition of US-based Kinetiq, a provider of ADAS and autonomous vehicle technologies. The acquisition aimed to combine KPIT’s expertise in embedded software with Kinetiq’s expertise in sensor technologies to develop advanced ADAS systems for the global market.

4. TVS Motor and Intellicar: In 2018, TVS Motor Company announced its acquisition of Intellicar, a startup that specializes in connected vehicle technologies, including ADAS systems. The acquisition aimed to enhance TVS Motor’s capabilities in developing and manufacturing advanced vehicles for the Indian market.

COMPARATIVE ANALYSIS OF THE RELATED MARKET

India ADAS Market	Automotive Smart Lighting Market	Automotive HVAC Market
CAGR 18.80% (Approx)	CAGR 13% (Approx)	CAGR 6.75% (Approx)
US$ 10 Billion by 2032	USD 200 billion by 2030	USD 32.10 Billion by 2030

India ADAS Market – Significant Threats

The India Advanced Driver Assistance Systems (ADAS) market faces several significant threats, including:

• High costs: ADAS technologies require advanced hardware and software components, which can be costly to develop and manufacture. The high costs associated with ADAS technologies can limit their adoption in the Indian market, particularly among price-sensitive consumers.

• Lack of infrastructure: The Indian Road infrastructure is not yet fully equipped to support the widespread adoption of ADAS technologies. For example, many Indian roads lack lane markings and road signs, which can make it difficult for ADAS systems to function effectively. The lack of infrastructure can limit the effectiveness of ADAS systems and deter consumers from adopting them.

• Limited consumer awareness: Many Indian consumers are not yet aware of the benefits of ADAS technologies or may not fully understand how they work. Limited consumer awareness can limit the demand for ADAS systems and slow their adoption in the Indian market.

• Regulatory challenges: The Indian automotive sector is subject to a complex regulatory environment, which can create challenges for the development and adoption of ADAS technologies. For example, regulations related to vehicle safety and emissions can limit the types of ADAS technologies that can be implemented in Indian vehicles.

• Cybersecurity threats: ADAS systems rely on advanced software and communication technologies, which can be vulnerable to cyber threats. As the adoption of ADAS technologies increases, there is a risk of cybersecurity threats that can compromise the safety and security of vehicles and passengers.

Overall, these threats highlight the need for Indian automakers and policymakers to address the challenges of cost, infrastructure, consumer awareness, regulatory environment, and cybersecurity to accelerate the adoption of ADAS technologies in the Indian market.

Report Scope

Feature of the Report	Details
Market Size in 2023	USD 2.12 Billion
Projected Market Size in 2032	USD 9.98 Billion
Market Size in 2022	USD 1.24 Billion
CAGR Growth Rate	18.80% CAGR
Base Year	2023
Forecast Period	2024-2033
Key Segment	By Product Types, Sensor Types, Products, and Region
Report Coverage	Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends
Regional Scope	North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America
Buying Options	Request tailored purchasing options to fulfil your requirements for research.

Category-Wise Insights

Product Types

The advanced driving assistance systems (ADAS) market in India has witnessed the park assist systems generating the highest revenue share among different product types. This can be attributed to their extensive usage in the passenger vehicle segment and higher costs due to the requirement of several sensors for their functioning.

The Indian automobile industry is witnessing a rising trend of incorporating ADAS technologies such as adaptive cruise control, blind spot detection, park assist, autonomous emergency braking, and intelligent headlights in new vehicles. These technologies contribute towards enhancing the safety of drivers by aiding them in avoiding accidents or minimizing the severity of any mishap. Currently, ADAS features are offered as optional add-ons in several new vehicles in India; however, it is expected that they will soon become a standard component in all automobiles.

Sensor Types

The Advanced Driving Assistance Systems (ADAS) industry in India has seen camera sensors capture the largest market share due to their versatility and significant reliance on level 1 & level 2 ADAS systems on camera sensors. On the other hand, LiDAR and RADAR sensors, which are more applicable in higher levels of autonomy, have a marginal share in the nascent Indian market.

Camera-based ADAS systems employ cameras to detect objects in the vehicle’s surroundings and offer guidance to the driver. RADAR-based ADAS systems use radio waves to detect objects and provide drivers with guidance, while LiDAR-based ADAS systems employ a laser beam to identify objects and offer guidance to drivers.

By Products

The India advanced driving assistance systems market is anticipated to witness passenger vehicles as the largest segment, followed by light commercial vehicles and heavy commercial vehicles. The surge in demand for passenger vehicles can be attributed to several factors such as economic expansion, increasing income levels, and evolving lifestyle trends.

The growing e-commerce and start-up culture in the country is likely to propel the demand for light commercial vehicles, whereas the demand for heavy commercial vehicles is anticipated to be driven by infrastructural development initiatives like highways, bridges, and roads.

India ADAS Market – Regional Analysis

The Advanced Driving Assistance Systems (ADAS) market in India showcases a diverse regional landscape, with different states having unique characteristics and growth prospects. In the Northern region, Delhi and the National Capital Region (NCR) are considered significant markets due to high vehicle density and the presence of leading automotive manufacturers.

The Western region, comprising states like Maharashtra and Gujarat, is a prominent automotive hub and is expected to experience significant growth in the ADAS market due to the presence of several leading OEMs and Tier 1 suppliers. The Southern region, consisting of states like Tamil Nadu and Karnataka, is also witnessing growth in the ADAS market, driven by a surge in automotive exports, government support for manufacturing, and increasing investments in R&D.

The Eastern region, comprising states like West Bengal and Odisha, is expected to witness significant growth in the ADAS market in the coming years, owing to the rising demand for vehicles and increasing investments in the automobile sector. Overall, the ADAS market in India is witnessing growth in various regions, with each region showcasing unique characteristics and contributing to the market’s growth.

Competitive Landscape – India ADAS Market

The competitive landscape of the Advanced Driving Assistance Systems (ADAS) market in India is highly fragmented, with several domestic and international players operating in the market. The market players are focusing on product innovation, expanding their product portfolios, and forming partnerships and collaborations to gain a competitive advantage. Some of the prominent players operating in the market include:

• Bosch Limited: Bosch is a leading player in the ADAS market in India, offering a wide range of products such as adaptive cruise control, lane departure warning, and blind-spot detection systems.
• Magna International Inc.: Magna is a leading Tier 1 supplier of ADAS systems, offering products such as advanced driver assistance systems, cameras, and radar sensors.
• WABCO India Limited: WABCO India is a leading manufacturer of advanced braking systems, offering products such as electronic braking systems and advanced driver assistance systems.
• Autoliv India Pvt. Ltd.: Autoliv is a global leader in automotive safety systems, offering a wide range of products such as airbags, seat belts, and ADAS systems.
• ZF Friedrichshafen AG: ZF is a global technology company, offering a wide range of products such as cameras, radars, and LiDARs for ADAS systems.
• Denso India Pvt. Ltd.: Denso is a leading automotive supplier, offering a wide range of products such as sensors, ECUs, and ADAS systems.
• Valeo India Pvt. Ltd.: Valeo is a global automotive supplier, offering a comprehensive range of products such as parking assistance, camera-based ADAS systems, and radar-based ADAS systems.

These players are adopting various strategies such as mergers and acquisitions, product launches, and collaborations to strengthen their market position and expand their customer base in the rapidly growing ADAS market in India.

The India ADAS Market is segmented as follows:

By Product Types

• Adaptive Cruise Control
• Blindspot Detection
• Park Assist
• Autonomous Emergency Braking
• Intelligent Headlights
• Others

By Sensor Types

• LiDAR
• RADAR
• Camera
• Ultrasonic

By Products

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial vehicles

On the basis of Geography

• India