India - Tech collaboration for developing advanced driver-assistance systems (ADAS)
This is a business opportunity from an overseas buyer. Pitch for the business and explain how your company meets their requirements.
Details
- Opportunity closing date
- 01 July 2024
- Opportunity publication date
- 13 May 2024
- Opportunity type
-
Private Sector
- Industry
- Automotive, Technology and smart cities
- Enquiries received
- 0
- Value of contract
- £100k-1m
- Your guide to exporting
Description
India is the world's third-largest automobile market producing a total of 25 million vehicles. This includes passenger vehicles, commercial vehicles, 3 wheelers, 2 wheelers, and quadricycles.
According to S&P Global Mobility and Crisil, the advanced driver assistance systems (ADAS) component market at about $169 million and the average ADAS content in the Indian market will double during the 2025-2030 period.
Original equipment manufacturers (OEMs) including Kia, MG, Honda, Hyundai, Mahindra & Mahindra, Tata, BYD and Toyota are at the forefront of integrating level 2 autonomy and advanced ADAS features in their vehicles. This strategic move not only reflects an alignment with the global trend of prioritizing automotive safety but also demonstrates a concerted effort to make such technologies more accessible to a wider range of Indian consumers.
Suppliers and OEMs envision a reduction in vehicle costs as production volumes scale up. The 2 factors that will contribute to this growth are regulation and the heightened awareness and demand from consumers. S&P Global Mobility expects that by 2035, 1 in 4 passenger vehicles sold in India will be equipped with ADAS features.
- Opportunity closing date
- 01 July 2024
- Value of contract
- £100k-1m
- The buyer is happy to talk to
- manufacturers
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