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India Advanced Driving Assistance Systems Market Overview
India ADAS market witnessed slower development in comparison with advanced economies on account of poor road infrastructure and fast-evolving government regulations in the automotive sector due to which vehicle manufacturers majorly focused on investing in the development of BS 6 technology and electric vehicles segment, delaying the adoption of advanced driving assistance systems in the country. During 2021, Advanced Driving Assistance Systems experienced sluggish adoption by passenger vehicle OEMs owing to the COVID-19-induced shortage of semiconductors, which are vital components of advanced driving assistance systems. However, since advanced driving assistance systems equipped with vehicles were launched in late 2021, COVID-19 did not have a direct impact on the market.
According to 6Wresearch, India Advanced Driving Assistance Systems Market size is projected to grow at a CAGR of 54.7% during 2022E-2028F. Driving is one of the most essential aspects of life. It allows us to go about our day-to-day tasks and get from one place to another. Unfortunately, many accidents occur as a result of poor driving habits. ADAS technology is used to help drivers keep safe on the road by providing them with various features and alerts. The primary reason for the growth in the India ADAS market can be attributed to government efforts to improve road safety and reduce the rate of road accidents that the country has been witnessing. Moreover, the voluntary adoption of active as well as passive safety features by vehicle manufacturers in India to enhance GNCAP ratings of the vehicles acted as a catalyst for the growth of Indian ADAS market.
Application Areas of India Advanced Driving Assistance Systems Market (ADAS)
The application areas of advanced driving assistance systems (ADAS) include passenger safety, traffic management, and fleet operations. Passenger safety is the most important application area for ADAS because it can prevent fatalities and injuries. Traffic management is another application area that is gaining popularity because it can improve highway safety and reduce traffic congestion. Fleet operations is another application area for ADAS because it can help drivers to operate vehicles safely.
Key Highlights of the Report
- India Advanced Driving Assistance Systems Market Overview
- India Advanced Driving Assistance Systems Market Outlook
- India Advanced Driving Assistance Market Trends
- India Advanced Driving Assistance Systems Market Forecast
- Competitive Benchmarking
- Key Strategic Recommendations
- Market Drivers and Restraints
- India Advanced Driving Assistance Market Share, By Market Players
- Forecast of India Advanced Driving Assistance Systems Market Revenues, for the Period 2021-2028F
- Forecast of India Advanced Driving Assistance Market Revenues, By Vehicle Types, for the Period 2021-2028F
- Forecast of India Advanced Driving Assistance Market Revenues, By Regions, for the Period 2021-2028F
- Forecast of India Advanced Driving Assistance Market Revenues, By Sensor Types, for the Period 2021-2028F
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