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The India autonomous vehicle market is expected to exhibit a CAGR of XX% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Autonomous vehicles, also known as driverless cars or self-driving cars, can operate by themselves and perform necessary functions by analyzing and sensing their surroundings with minimal to no human intervention. Equipped with artificial intelligence (AI) software, light detection and ranging (LiDAR), radio detection and ranging (RADAR), and sensor-integrated cameras, they can create an active 3D map of their surroundings. These 3D maps track the motion sequences of 3D structures based on corresponding points in images, assist the vehicles to continuously monitor the surrounding environment and maneuver independently. Additionally, these automobiles deploy connected technology to facilitate vehicle-to-vehicle and infrastructure-to-vehicle communication, which results in effective traffic management. Some of the other advantages offered by autonomous vehicles include enhanced safety features, less battery operation costs, and reduced fuel consumption and emissions.
The market is primarily driven by continual technological advancements in the automotive sector across the country, which results in the increasing adoption of the Internet of Things (IoT), machine learning (ML) and artificial intelligence (AI). Moreover, the augmenting installation of smart traffic lights and connected infrastructure in toll booths, car parks to reduce traffic congestion is providing an impetus to the market. In addition to this, the inflating disposable incomes of the masses are creating a positive market outlook. The market is further driven by the incorporation of advanced features, such as automatic emergency braking (AEB) and lane departure warning (LDW), that augment self-driving capabilities in cars while ensuring low risks of accidents. Some of the other factors creating lucrative growth opportunities include stringent government regulations focusing on increasing road safety and extensive research and development (R&D) activities conducted by key players in India.
IMARC Group provides an analysis of the key trends in each sub-segment of the India autonomous vehicle market report, along with forecasts at the country and regional level from 2022-2027. Our report has categorized the market based on component, level of automation and application.
Breakup by Component:
Breakup by Level of Automation:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis||2021|
|Segment Coverage||Component, Level of Automation, Application, Region|
|Region Covered||North India, West and Central India, South India, East India|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2299
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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