Market Size of India Automotive Advanced Driver Assistance Systems Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.51 Billion |
| Market Size (2029) | USD 5.96 Billion |
| CAGR (2024 - 2029) | 18.33 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Automotive Advanced Driver Assistance Systems Market Analysis
The India Automotive Advanced Driver Assistance Systems Market size is estimated at USD 2.51 billion in 2024, and is expected to reach USD 5.96 billion by 2029, growing at a CAGR of 18.33% during the forecast period (2024-2029).
Growing production of vehicles with integrated ADAS features in the wake of rising awareness toward the comfort and safety of passengers and government regulations mandating safety features are expected to drive demand in the market. Also, the rising acceptance of self-driving or automated vehicles further contributes to the enhanced growth of the market. Automobile manufacturers and governments focus on developing and promoting safe driving technologies, especially in passenger vehicles. Most of those technologies are expected to become essential.
Besides safety, advanced driver assistance systems can provide other benefits, such as traffic awareness, decreased insurance premiums, low repair and maintenance costs, and increased fuel efficiency. Due to the above factors and developments, the adoption of ADAS features is growing in the market, and such positive trends are expected to enhance the market's growth during the forecast period.
Due to supply chain disruptions, global vehicle production halts, lockdowns, and trade restrictions, the COVID-19 pandemic significantly affected the market. To generate momentum in the market during the forecast period, players began concentrating on reducing such risks and developments as restrictions loosened.
