India Advanced Driver Assistance System Market Size & Outlook
India advanced driver assistance system market, 2018-2030 (US$M)
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India advanced driver assistance system market highlights
- The India advanced driver assistance system market generated a revenue of USD 649.5 million in 2023 and is expected to reach USD 1,604.9 million by 2030.
- The India market is expected to grow at a CAGR of 13.8% from 2024 to 2030.
- In terms of segment, passenger vehicle was the largest revenue generating vehicle type in 2023.
- Commerical Vehicle is the most lucrative vehicle type segment registering the fastest growth during the forecast period.
Advanced driver assistance system market data book summary
| Market revenue in 2023 | USD 649.5 million |
| Market revenue in 2030 | USD 1,604.9 million |
| Growth rate | 13.8% (CAGR from 2023 to 2030) |
| Largest segment | Passenger vehicle |
| Fastest growing segment | Commerical Vehicle |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Passenger Vehicle, Commerical Vehicle |
| Key market players worldwide | Intel Corp, Autoliv Inc, Denso Corp, Continental AG, Garmin Ltd, Infineon Technologies AG, Magna International Inc, Mobileye Global Inc Ordinary Shares - Class A, Robert Bosch Engineering & Business Solutions, Valeo SA |
Other key industry trends
- In terms of revenue, India accounted for 2.0% of the global advanced driver assistance system market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China advanced driver assistance system market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,604.9 million by 2030.
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Advanced Driver Assistance System Market Scope
Advanced Driver Assistance System Market Companies
| Name | Profile | # Employees | HQ | Website |
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India advanced driver assistance system market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to advanced driver assistance system market will help companies and investors design strategic landscapes.
Passenger vehicle was the largest segment with a revenue share of 79.26% in 2023. Horizon Databook has segmented the India advanced driver assistance system market based on passenger vehicle, commerical vehicle covering the revenue growth of each sub-segment from 2018 to 2030.
In India, several companies are taking strategic initiatives to promote the growth of advanced driver assistance systems in the region. For instance, in October 2022, an Indian manufacturer of automotive components, Spark Minda, which is a flagship company of Minda Corporation, partnered with South Korean automotive electronics company Daesung to develop ADAS solutions for the Indian automotive market. This initiative is expected to increase the company’s regional presence for its operations and boost the growth of ADAS in the Indian automotive industry.
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Our clientele includes a mix of advanced driver assistance system market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the India advanced driver assistance system market , including forecasts for subscribers. This country databook contains high-level insights into India advanced driver assistance system market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India advanced driver assistance system market size, by vehicle type, 2018-2030 (US$M)
India Advanced Driver Assistance System Market Outlook Share, 2023 & 2030 (US$M)
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