India ADAS Market Size Breakdown By Segment (2022-2028) Introduction
Automotive after-market sensors are expected to grow at a CAGR of XXXX during the period 2017-2028. This report studies India ADAS market size and forecast, and categorizes the market size (value) into different segments, with data from 2017 to 2028. The study estimates that the ADAS market size in India will be XXXX billion by the end of 2028, growing at a CAGR of XXXX.
The India ADAS Market Size Breakdown by Segment (2022-2028)
The India ADAS market size is expected to grow from XXXX billion in 2022 to XXXX billion by 2028, at a CAGR of XXXX.
By Application of The Reports:
Commercial vehicles are estimated to account for the largest share of the ADAS market in India, followed by passenger cars. The truck & bus segment is projected to register a high growth rate due to the increasing adoption of commercial vehicles in various sectors such as logistics and transportation.
India ADAS Market Size Breakdown by Technology Type
The India advanced driving assistance systems market is estimated to be worth USD XXXX billion by 2022, growing at a CAGR of XXXX. The growth of the ADAS market in India can be attributed to the increasing demand for smart vehicles and other autonomous applications. The major technology types used in the development of autonomous vehicles are camera sensors, radar sensors, and LIDAR sensors.
As the world becomes increasingly digitized, there is an increased demand for intelligent systems that can help improve safety and navigation. Autonomous vehicles use various sensor technologies to detect their surroundings and make decisions on how to respond. These systems include cameras, radar, and LIDAR.
Here is a Detailed Analysis of Each Technology Type:
Camera Sensors: Camera sensors are widely used in autonomous vehicles for image recognition purposes. These sensors are able to take pictures or video footage of the surrounding environment and identify objects within it. Some of the leading companies in this sector are Nvidia Corporation (U.S.), Mobileye NV (Netherlands), and Panasonic Corporation (Japan).
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Radar Sensors: Radar sensors are used to identify objects around a vehicle in all directions. They work as an alternative to cameras because they don’t require light exposure and can detect smaller objects than cameras. Some of the leading companies in this sector include Honeywell International Incorporated (U.S.), Esri Incorporated (U.S.), Raytheon Company (U.S.), and Thales Group SA (France
India ADAS Market Size Breakdown by Application Type
The automotive industry is one of the most rapidly-growing segments in the global economy, and India is no exception. The government has set a target of selling XXXX million vehicles by 2020, and this growth is expected to continue into the future. In order to meet these targets, manufacturers are increasingly turning to ADAS (Advanced Driver Assistance Systems) for assistance with safe driving.
This report covers the India ADAS market size by application type and provides an overview of the major players in the market. It also covers key market trends and developments over the past few years.
The report contains detailed analysis of the following submarkets:
• Pre-Collision System (PCS)
• Lane Departure Warning (LWD)
• Blind Spot Warning (BSW) and Rear Cross Traffic Alert (RCTA)
• Advanced Road Map Recognition (ARM)
Conclusion of The Reports
The India ADAS market is projected to grow at a CAGR of XX% during the period 2022-2028. The growth can be attributed to factors such as the increasing number of road accidents, an increase in government expenditure on safety, and the growing geriatric population in the country. Hong Kong has emerged as the largest player in the ADAS market owing to its high-end technology offerings and presence in key regions such as North America and Europe. Other players include Continental AG (Germany), Samsung SDS Co., Ltd. (South Korea), TRW Automotive Holdings LLC (U.S.), Aptiv PLC (U.K.), Bosch Security Systems GmbH & Co KG (Germany), Valeo SA (France), and Denso Corporation (Japan).