Market Size of India Automotive Advanced Driver Assistance Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.51 Billion |
| Market Size (2029) | USD 5.96 Billion |
| CAGR (2024 - 2029) | 18.33 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
India Automotive Advanced Driver Assistance Systems Market Analysis
The India Automotive Advanced Driver Assistance Systems Market size is estimated at USD 2.51 billion in 2024, and is expected to reach USD 5.96 billion by 2029, growing at a CAGR of 18.33% during the forecast period (2024-2029).
The ADAS market in India has been witnessing significant growth in recent years, driven by the increasing demand for premium and feature-rich vehicles, as well as the rising disposable incomes and changing consumer preferences.
The market’s growth is also fueled by the increasing popularity of premium and luxury vehicles in India. Major automakers, such as Mercedes-Benz, BMW, and Audi, have been witnessing strong sales in the country, and these vehicles are typically equipped with advanced features like blind spot detection, TPMS, parking assist systems, etc. The increasing focus on vehicle safety and comfort has also contributed to the growth of India's ADAS market.
Moreover, the Indian government's push toward electrification and the adoption of electric vehicles (EVs) has opened up new opportunities for ADAS manufacturers. EVs require specialized components that are designed to be energy-efficient and compatible with the vehicle's electric architecture.
Indian automakers like Maruti Suzuki, Hyundai, Mahindra and Mahindra, and Tata Motors have also been introducing more premium features in their vehicles to cater to evolving consumer preferences.
- For instance, in April 2024, HL Klemove inaugurates its ADAS radar manufacturing unit at its Chennai plant in India.
Overall, the Indian ADAS market is expected to continue growing at a significant rate during the forecast period.
India Automotive Advanced Driver Assistance Systems Industry Segmentation
Vehicle manufacturers develop and deploy advanced driver assistance systems (ADAS) to improve road safety. These systems have the potential to avoid crashes, reduce crash severity, and offer protection.
The Indian automotive advanced driver assistance systems market is segmented by type, technology, and vehicle. By type, the market is segmented into parking assist systems, adaptive front-lighting, night vision systems, blind spot detection, advanced automatic emergency braking systems, collision warning, driver drowsiness alert, traffic sign recognition, lane departure, and adaptive cruise control. By technology, the market is segmented into RADAR, LiDAR, and camera. By vehicle type, the market is segmented into passenger cars and commercial vehicles. The report offers market size and forecasts for all the mentioned segmentation in terms of value (USD).
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India Automotive Advanced Driver Assistance Systems Market Size Summary
The Indian automotive advanced driver assistance systems (ADAS) market is experiencing robust growth, driven by the increasing demand for premium and feature-rich vehicles, alongside rising disposable incomes and evolving consumer preferences. The market is significantly influenced by the growing popularity of luxury vehicles from major automakers like Mercedes-Benz, BMW, and Audi, which are equipped with advanced safety and comfort features. Additionally, the Indian government's push towards electrification and the adoption of electric vehicles presents new opportunities for ADAS manufacturers, as these vehicles require specialized, energy-efficient components. Indian automakers such as Maruti Suzuki, Hyundai, Mahindra and Mahindra, and Tata Motors are also enhancing their vehicle offerings with more premium features to meet changing consumer demands.
The passenger car segment is emerging as the largest market for ADAS in India, propelled by increasing consumer demand for enhanced safety features and technological advancements. Government regulations mandating the inclusion of certain safety features are accelerating the adoption of ADAS technologies. The parking assist system stands out as the largest segment within the ADAS market, driven by the rising need for vehicle safety and convenience, particularly in urban areas with increasing vehicle congestion. The market is moderately consolidated, with key players like Robert Bosch, Continental AG, and ZF Friedrichshafen actively investing in and partnering to develop the latest ADAS features. These developments underscore the growing importance of ADAS in enhancing vehicle safety and performance in the Indian automotive market.
India Automotive Advanced Driver Assistance Systems Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.1.1 Increasing Concerns About Road Safety and Government Initiatives to Enhance Demand in the Market
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1.1.2 Growing Adoption of New Technologies is a Major Catalyst
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1.2 Market Restraints
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1.2.1 High Cost and Limited Penetration Rate is a Challenge
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size in USD)
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2.1 By Type
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2.1.1 Parking Assist System
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2.1.1.1 Night Vision System
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2.1.1.2 Blind Spot Detection
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2.1.1.3 Advanced Automatic Emergency Braking System
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2.1.1.4 Collision Warning
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2.1.1.5 Driver Drowsiness Alert
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2.1.1.6 Traffic Sign Recognition
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2.1.1.7 Lane Departure Warning
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2.1.1.8 Adaptive Cruise Control
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2.1.2 By Technology
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2.1.2.1 Radar
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2.1.2.2 LiDAR
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2.1.2.3 Camera
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2.1.3 By Vehicle Type
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2.1.3.1 Passenger Cars
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2.1.3.2 Commercial Vehicles
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India Automotive Advanced Driver Assistance Systems Market Size FAQs
How big is the India Automotive Advanced Driver Assistance Systems Market?
The India Automotive Advanced Driver Assistance Systems Market size is expected to reach USD 2.51 billion in 2024 and grow at a CAGR of 18.33% to reach USD 5.96 billion by 2029.
What is the current India Automotive Advanced Driver Assistance Systems Market size?
In 2024, the India Automotive Advanced Driver Assistance Systems Market size is expected to reach USD 2.51 billion.
