India Autonomous Vehicle Market 2023, Share, Current Trends, Growth & Forecast 2028

IMARC Group's report titled "India Autonomous Vehicle Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The India autonomous vehicle market is expected to exhibit a growth rate (CAGR) of 21.5% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Autonomous vehicles, also known as driverless vehicles, represent automobiles that can operate independently without human intervention. They perform necessary functions by sensing external conditions and responding to surroundings via superior in-built programs. Autonomous vehicle models are designed with advanced sensor technology, complex algorithm processors, advanced driver assistance systems (ADAS), smart control systems, actuators, etc., that gather information and perform various responsive actions, including steering, braking, acceleration, etc. They offer improved safety on the road, minimize human errors, can be easily driven by individuals with physical disabilities, etc. Consequently, autonomous vehicles find extensive applications in numerous sectors, such as transportation, military, logistics, defense, etc., across India.

For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/india-autonomous-vehicle-market/requestsample

India Autonomous Vehicle Market Trends and Drivers:

Continuous technological advancements in the automotive sector are propelling the adoption of the Internet of Things (IoT), machine learning (ML), and artificial intelligence (AI), which is among the key factors driving the India autonomous vehicle market. Additionally, the growing utilization of smart traffic lights and connected infrastructures in toll booths and car parks to reduce traffic congestion is acting as another significant growth-inducing factor. In line with this, the inflating disposable income levels of individuals are also bolstering the market growth across the country. Moreover, the implementation of stringent regulations by government bodies focusing on increasing road safety and extensive R&D activities are further stimulating the market growth. Besides this, the introduction of automatic emergency braking (AEB) and lane departure warning (LDW) that augment self-driving capabilities in cars while ensuring low risks of accidents is expected to fuel the India autonomous vehicle market in the coming years.

Report Segmentation:

The report has segmented the market into the following categories:

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.

Explore full report with table of contents: https://www.imarcgroup.com/india-autonomous-vehicle-market

Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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This release was published on openPR.