India Autonomous Vehicle Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

India Autonomous Vehicle Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112024A6315
Buy Now

Market Overview:

The India autonomous vehicle market is expected to exhibit a growth rate (CAGR) of 21.5% during 2023-2028.

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.

India Autonomous Vehicle Market Trends:

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.

Key Market Segmentation:

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 2023-2028. Our report has categorized the market based on component, level of automation and application.

Breakup by Component:

  • Hardware
  • Software and Services
     

Breakup by Level of Automation:

  • Level 3
  • Level 4
  • Level 5
     

Breakup by Application:

  • Transportation and Logistics
  • Military and Defense
     

Breakup by Region:

  • North India
  • West and Central India
  • South India
  • East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
 Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Million
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
Five User License: US$ 3399
Corporate License: US$ 4499
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)

Key Questions Answered in This Report

We expect the India autonomous vehicle market to exhibit a CAGR of 21.5% during 2023-2028.

The introduction of advanced product variants that are equipped with internet connectivity, safety alerts, automatic crash notifications, etc., along with the growing need for efficient mode of transportation, is primarily driving the India autonomous vehicle market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across the nation, resulting in the temporary closure of numerous manufacturing units for autonomous vehicles.

Based on the component, the India autonomous vehicle market can be segmented into hardware and software and services. Currently, hardware holds the majority of the total market share.

Based on the level of automation, the India autonomous vehicle market has been divided into level 3, level 4, and level 5. Among these, level 3 currently exhibits a clear dominance in the market.

Based on the application, the India autonomous vehicle market can be categorized into transportation and logistics and military and defense. Currently, transportation and logistics account for the largest market share.

On a regional level, the market has been classified into North India, West and Central India, South India, and East India.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
India Autonomous Vehicle Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More