India Automotive Advanced Driver Assistance Systems Market Scope
In a recent article, the India Automotive Advanced Driver Assistance Systems Market Scope is discussed. This market has seen significant growth in recent years and has proven that there is still a lot of room for growth worldwide.
Overview of India Automotive Advanced Driver Assistance Systems Market
Automotive Advanced Driver Assistance Systems (ADAS) are becoming increasingly important as automotive manufacturers strive to increase safety and efficiency of their vehicles. In order to meet the rising demand for ADAS, various companies are investing in the development of this technology. The market for automotive ADAS is expected to grow at a CAGR of around XXXX during the forecast period 2018-2025.
This report provides a comprehensive analysis of the India ADAS market, comprising an overview of the market landscape, growth prospects, key vendors, and market drivers. The report also covers a detailed analysis of key product segments and submarkets along with forecasts for revenue and volume growth over the next five years.
The report has been divided into six sections:
1) Executive Summary
2) Market Landscape
3) Growth Prospects by Product Segments
4) Key Vendors
5) Automotive ADAS Market Dynamics 6) Conclusion
Components of India Automotive Advanced Driver Assistance Systems Market
The market for automotive advanced driver assistance systems (ADAS) is expected to grow at a CAGR of over XXXX during the forecast period. The market for ADAS is witnessing significant growth owing to rising demand from the passenger segment, as well as government regulations in various countries such as the United States of America (USA).
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The global automotive advanced driver assistance systems market has been segmented on the basis of type, application and geography. On the basis of type, the market is divided into lane departure warning systems (LDWS), forward collision warning systems (FCWS), and head-up displays (HUD). On the basis of application, the market is segmented into commercial vehicles, passenger vehicles and motorcycles. Geographically, North America led the global automotive advanced driver assistance systems market in 2016 due to rapid adoption by Tier 1 and Tier 2 companies. However, Asia Pacific regions are expected to witness a high growth rate in future owing to increasing demands from developing countries such as China and India.
The key factors that are Driving this Growth Market include:
1. Rising demand from the passenger segment due to increasing safety concerns and growing awareness about ADAS features among consumers
2. Growing government regulations in various countries such as USA which mandates automakers to install certain features in their vehicles
3. Increasing use of autonomous driving technologies by OEMs for improving fleet efficiency
Services and Products
The automotive market in India is expected to grow at a CAGR of XX% over the forecast period 2016-2021. This growth is primarily due to increasing demand for new and luxury vehicles, as well as an increase in the number of people using automobiles for commuting. The market for advanced driver assistance systems (ADAS) in India is expected to grow at a higher rate than the overall automotive market, owing to the growing adoption of such systems by both consumers and commercial establishments.
The major players in the Indian ADAS market are Bosch, Continental AG, Denso Corporation, Ford Motor Company, General Motors Corporation (GM), Honda Motor Co., Hyundai Motor Co., Jaguar Land Rover Limited, MAN SE, Mitsubishi Electric Corporation (MEC), Nissan Motors Co., PSA Peugeot Citroen Group, Renault SA, Volkswagen AG.
Research Methodology
Vehicle manufacturers in India are increasingly incorporating advanced driver assistance systems (ADAS) in their vehicles. The market for ADAS in India is expected to grow at a CAGR of XXXX from 2016 to 2024, according to a report by MarketsandMarkets.
The report segments the India automotive ADAS market on the basis of type, application, and region. On the basis of type, the market is segmented into frontal and rearview camera systems. On the basis of application, the market is segmented into urban and rural areas. On the basis of region, the market is segmented into North America, Europe, Asia Pacific (APAC), and Latin America.
In terms of type, the market for frontal camera systems is expected to dominate during 2016-2024 owing to increasing demand from Tier 1 and Tier 2 players for this type of system. In terms of region, APAC is expected to account for highest share in 2016 followed by North America in 2017 and Europe in 2018. However, by 2024 Asia Pacific is expected to be leading region with highest CAGR due to increasing adoption of this technology by Tier 1 and Tier 2 players in this region.
On the basis of application, the market for frontal camera systems is expected to dominate during 2016-2024 owing to increasing demand from government entities such as police departments and transport operators for video surveillance applications. In terms of region, APAC is expected to account for highest share in
Executive Summary
The global automotive advanced driver assistance systems market is expected to grow at a CAGR of 6.5% from 2017 to 2024, according to a new report by Own. The market for automotive ADAS is forecast to reach XXXX billion by 2024, growing at a higher rate than the overall automotive market.
This growth is attributed to the increasing adoption of advanced safety and autonomous driving technologies in passenger vehicles across various markets, including developed economies such as the U.S., China, and Japan, and emerging economies such as India. These regions are witnessing significant demand for automated driving features owing to their growing population and rising disposable incomes.
One key player in this market is Continental AG (Germany), which is expected to dominate the segment with a share of over 50% by 2024. Other leading players include Bosch SE (Germany), Intel Corporation (U.S.), Mobileye NV (Israel), Renault SA (France), and Toyota Motor Corp (Japan).
Conclusion of The Report
The India Automotive Advanced Driver Assistance Systems (ADAS) market is expected to grow at a CAGR of around XXXX during the forecast period 2018-2025. The growth is driven by increasing demand for ADAS features across various automotive segments in India, growing customer preference for enhanced safety and convenience, and rising adoption of advanced technologies across the automotive ecosystem.
