The India Advanced Driving Assistance System (ADAS) Market is experiencing robust growth and is projected to reach USD 7.99 billion by FY2031 from USD 1.52 billion in FY2023. ADAS refers to a set of technologies and systems designed to enhance the safety and driving experience by aiding and warnings to drivers. The market has been driven by several factors, including increasing awareness about road safety, rising disposable income, and technological advancements. One of the key drivers for the ADAS market in India is the growing concern for road safety.
According to the Ministry of Road Transport and Highways, more than 19,000 road accidents occurred in 2021 due to loss of control caused by the driver’s inappropriate speed, distraction or misinterpreting a curve, which took 9,150 lives and injured 19,077. Thus, with the increasing number of vehicles on the roads and rising instances of road accidents, there is a pressing need for advanced safety features in vehicles among drivers and passengers. Hence, to increase safety in vehicles, vehicle manufacturers and riders based in India are seeking and integrating ADAS technologies, such as adaptive cruise control, lane departure warning, and automatic emergency braking, etc.
Another factor contributing to the growth of the ADAS market is the rising disposable income of consumers in India. As people have more purchasing power, there is a greater demand for luxury and high-end vehicles equipped with advanced safety and convenience features. Furthermore, there have been significant advancements in ADAS technology in recent years. The development of artificial intelligence and machine learning algorithms has allowed for more accurate detection and interpretation of traffic situations. Additionally, the integration of sensors, cameras, and radar systems in vehicles has improved the overall effectiveness of ADAS systems.
Development in Innovative Driver Monitoring System (DMS)
The efficient Driver Monitoring System (DMS) systems have undergone tremendous improvement in the Advanced Driving Assistance System industry in India. DMS systems are essential for improving driver safety because they keep track of the actions, focus, and attentiveness of the drivers. The market’s leading companies have concentrated on creating sophisticated DMS systems with increased performance and accuracy. These developments include the integration of artificial intelligence and machine learning algorithms for more precise driver monitoring and facial recognition. The systems now offer enhanced capabilities such as fatigue detection, distraction detection, and emotion recognition. They utilize advanced sensors, cameras, and algorithms to detect signs of drowsiness, distraction, or inattention, providing real-time alerts to the driver or triggering automated safety features.
Moreover, these robust DMS platforms are designed to adapt to various driving conditions and driver profiles, ensuring reliable and accurate performance in diverse scenarios. The continuous development of robust DMS platforms in the Indian ADAS market aims to enhance road safety, reduce accidents, and improve overall driver experience on Indian roads.
For instance, Tata Elxsi has been focusing on the development of AI-based ADAS solutions. They have introduced advanced driver monitoring systems that use AI algorithms to detect driver drowsiness, distraction, and fatigue. This technology helps enhance driver safety by alerting the driver and taking preventive measures.
Increasing Demand for Cameras Sensor for Driver Tracking
The India Advanced Driver Assistance Systems (ADAS) market is witnessing an increased demand for camera sensors in ADAS systems for driver tracking. ADAS technology is rapidly evolving, and driver-tracking systems play a crucial role in enhancing safety and improving driving behaviour. These systems utilize various sensors and cameras to monitor driver activities, including eye movements, head position, and drowsiness detection. The data collected can help in identifying potential risks, such as driver distraction or fatigue, and alert the driver or take autonomous actions to mitigate accidents.
In addition to this, the growing awareness about road safety and the increasing number of road accidents in India have led to a greater emphasis on incorporating ADAS features like driver tracking. Hence, the demand for driver tracking has resulted in the incorporation of camera sensors in ADAS systems. This trend is expected to continue as the government, automotive manufacturers, and technology providers collaborate to promote safer driving practices and reduce road fatalities.
Download Free Sample Report: https://www.marketsandata.com/industry-reports/india-advanced-driving-assistance-system-adas-market/sample-request
Market Driven by Level 2 Segment
In the India Advanced Driving Assistance System (ADAS) market, the level 2 segment is playing a significant role in driving market growth. Level 2 ADAS refers to systems that provide partial automation, combining features like adaptive cruise control, lane-keeping assist, and automatic emergency braking. This segment is experiencing strong demand as consumers seek enhanced safety and convenience features in their vehicles. The level 2 ADAS systems also offer a balance between advanced automation and driver control, making them popular among buyers. As a result, vehicle manufacturers are focusing on integrating level 2 ADAS technologies into their vehicle models, contributing to the growth of the India ADAS market. For example, In March 2023, the all-new Hyundai Verna emerges as a beacon of advanced technology in its segment, featuring the Level-2 Advanced Driver Assistance System (ADAS).
Government Initiatives
Owing to rising cases of accidents primarily due to negligent driving or due to driver errors, Government of India is actively looking to make ADAS systems mandatory in vehicles to reduce accidents. In 2018, the Indian government announced that it plans to make Electronic Stability Control (ESC) and Autonomous Emergency Braking (AEB) systems mandatory on all new cars sold in India by 2022. ESC is a system that helps to prevent cars from skidding, while AEB is a system that automatically brakes the car if it detects an obstacle in its path. Furthermore, the government is also considering making other ADAS features, such as lane departure warning and blind spot monitoring to be made mandatory in the future.
However, government also stated challenges in making ADAS mandatory in India due to issue like infrastructure, complex traffic situations, regulations, driver discipline, etc. Apart from this, the spectrum required for these radars in ADAS systems to work has not been standardized by the government. Hence, due to these challenges, ADAS systems are not made mandatory yet, however government is actively looking to make integration of ADAS systems in the future once the challenges are properly addressed. Government’s increased interest in making ADAS mandatory has motivated the automotive vehicle manufacturers to integrate ADAS systems, thereby boosting the market growth.
Impact of COVID-19
The COVID-19 had a significant impact on the India Advanced Driving Assistance System (ADAS) market. The automotive industry, including the ADAS sector, experienced disruptions due to lockdowns, supply chain interruptions, and reduced consumer demand. The temporary closure of manufacturing facilities and restrictions on mobility resulted in a decline in vehicle production and sales. As a result, the installation of ADAS systems in new vehicles was affected. Furthermore, the financial uncertainty and job losses caused by the pandemic led to a decrease in consumer spending, affecting the adoption of ADAS technologies. However, as the situation improves and economic activities resume, the demand for ADAS systems is expected to recover, driven by the increasing emphasis on safety and the gradual rebound of the automotive sector.
Get Full Access For this Report: https://www.marketsandata.com/industry-reports/india-advanced-driving-assistance-system-adas-market
Impact of Russia-Ukraine War
The Russia-Ukraine impacted the India Advanced Driving Assistance System (ADAS) market due to its implications on the global automotive industry. The conflict led to geopolitical tensions, which disrupted the global supply chain of automotive components and technologies, including ADAS systems. India heavily relies on imports for automotive components, and any disruptions in the supply chain can result in delays and shortages of ADAS systems. This can affect the production and availability of vehicles equipped with ADAS features in the Indian market. Additionally, the war can also impact global oil prices and currency exchange rates, which can influence the overall automotive industry, including the demand for ADAS technologies in India. The extent of the impact will depend on the duration and intensity of the conflict and its subsequent effects on the global economy.
Report Scope
“India Advanced Driving Assistance System (ADAS) Market Assessment, Opportunities, and Forecast, FY2017-FY2031”, is a comprehensive report by Markets and Data, providing in-depth analysis and assessment of the current scenario of the ADAS market in India, industry dynamics and opportunities, and forecasts (FY2024-FY2031). Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
The automotive industry is undergoing a revolutionary transformation with the rapid integration of cutting-edge technologies. One such game-changer is the Advanced Driving Assistance System (ADAS), a sophisticated suite of technologies designed to enhance vehicle safety, efficiency, and overall driving experience. In this blog post, we delve into the current state of the ADAS market, exploring its size, share, and the factors fueling its remarkable growth.
The Advanced Driving Assistance System (ADAS) market has witnessed exponential growth in recent years, driven by the increasing demand for safer and smarter vehicles. According to recent market research reports, the global ADAS market is projected to reach a substantial size, with a remarkable share of the automotive technology landscape.
Factors Driving Growth:
- Rising Concerns for Road Safety: As road traffic continues to grow, concerns regarding road safety have become more pronounced. ADAS technologies, such as collision avoidance systems, lane departure warning, and automatic emergency braking, play a pivotal role in mitigating accidents and reducing fatalities.
- Government Regulations and Standards: Stringent safety regulations imposed by governments worldwide are propelling the adoption of ADAS in vehicles. The implementation of safety standards, such as Euro NCAP and NHTSA, is compelling automotive manufacturers to incorporate advanced safety features, contributing to the expansion of the ADAS market.
- Technological Advancements: Continuous advancements in sensor technologies, artificial intelligence, and machine learning are enhancing the capabilities of ADAS. The integration of radar, lidar, cameras, and sensors allows vehicles to perceive and respond to their surroundings with unprecedented accuracy, further driving market growth.
- Consumer Demand for Smart Vehicles: The modern consumer is increasingly inclined towards smart, connected vehicles equipped with intelligent features. ADAS, with its array of functionalities like adaptive cruise control, parking assistance, and blind-spot detection, aligns with this demand, fostering its adoption across various vehicle segments.
Market Segmentation: The ADAS market is segmented based on components, technology types, vehicle types, and regions. Key components include sensors, processors, and software, while technology types encompass adaptive cruise control, lane departure warning, parking assistance, and others. The market caters to diverse vehicle types, including passenger cars, commercial vehicles, and electric vehicles.
Regional Insights: Geographically, North America, Europe, Asia-Pacific, and other regions contribute significantly to the ADAS market. The adoption rate is influenced by factors such as infrastructure development, economic growth, and regulatory frameworks specific to each region.
Challenges and Opportunities: Despite the positive growth trajectory, the ADAS market faces challenges related to high costs, interoperability issues, and cybersecurity concerns. However, these challenges also present opportunities for innovation and collaboration within the automotive and technology sectors to address and overcome these hurdles.
Contact
Mr. Vivek Gupta
5741 Cleveland street,
Suite 120, VA beach, VA, USA 23462
Tel: +1 (757) 343–3258
Email: info@marketsandata.com
Website: https://www.marketsandata.com
