Press release
India Automotive Sensors Market trigger by growing consumer demand for safety, security, comfort, and efficiency coupled with the rising demand for high end and mid-end vehicles
India Automotive Sensors market likely to grow with a significant CAGR during the forecast period, 2020-2027. Due to the increasing disposable income across India and the expansion of global auto-manufacturers into the Indian market. Additionally, in the long run, the arrival of electric vehicles will significantly change the number and deployment of pressure sensors and magnetic sensors in the car, which will accelerate the India automotive sensors market in the upcoming periods. A more electrified car means fewer pressure sensors, but more magnetic sensors are needed to monitor the battery and enable various positioning and detection of moving parts. Automotive sensors for early applications, such as lower emissions, improved fuel economy, and on-board diagnostic requirements, currently dominate the automotive system's power system applications.Moreover, the government mandate on emission norms and safety norms are the major factors for the growth of the India automotive sensors market. Automotive sensors are the core components of the perception layer and are found throughout the vehicle. The number of sensors in a car directly determines the level of intelligence. Automotive sensors can be divided into two categories: environmental monitoring and body perception. Body sensing sensors used to obtain body information, such as tire pressure, oil pressure, and vehicle speed. Among environmental monitoring sensors, ultrasonic radar is mainly used for back-up radar and short-distance obstacle monitoring in automatic parking, and cameras, millimeter-wave radars and lidars are widely used in various ADAS functions.
The introduction of electric vehicles will significantly change the amount and the distribution of pressure and magnetic sensors within the car, which will influence the automotive sensor market. Recently, the Indian government's implemented act for the installation of some mandatory automotive sensors, thus will support the increased demand and usage for automotive sensors in all of the vehicle segments in the Indian automotive market.
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Vehicles Type Overview in the India Automotive Sensors Market
Based on Vehicles type, the India Automotive Sensors market categorized into Cars (Hatchback Cars, Sedan Cars, Coupes, Wagons, and SUV) Trucks (Light-duty truck, and Heavy-duty truck), Buses and Two-Wheelers. Cars segment projected to gain maximum market share by 2027, owing to the upsurge in demand for the sensor to improve the performance of vehicles, enhance the safety of passengers, and reduce emissions from them. Among the many automotive sensing technologies, three major sensors will revolutionize the industry landscape, which are image sensors, radars, and lidar sensors.
Type Overview in the India Automotive Sensors Market
Based on Type, the India Automotive Sensors market classified into Temperature Sensor, Level Sensor, Pressure Sensor (Air conditioning pressure sensor, Fuel pressure sensor, Oil pressure sensor, Manifold pressure sensor, Tire pressure monitoring sensor, and Others), Position Sensor, Speed Sensor, Image Sensor, Inertial Sensor, Magnetic Sensor, Humidity Sensor, Gas Sensor (Oxygen Sensors/ lambda sensor, NOx Sensors and Others), Safety Sensor(RADAR Sensors, Ultrasonic Sensors, Infrared Sensors, Image Sensors, LIDAR Sensors), Knock Sensor and MEMS Sensor.
Position Sensor segment projected to lead the market by 2027. It is owing to the surge in demand for position sensor in brake pedal position sensing, clutch pedal position sensing, accelerator pedal position sensing, windscreen wiper position sensing, crash sensing, gear shift position sensing, headlight position sensing, etc.
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Application Overview in the India Automotive Sensors market
Based on application, the India Automotive Sensors market classified into Fuel Injection and Emission, Chassis, Engine, Powertrain, Safety & Control, Telematics, Vehicle Security, Transmission, Brakes System, Clutch System, Body Electronics and Others. The Powertrain segment estimated to dominate the market due to its application to provide better fuel economy and low emission vehicles in the automotive industry.
Working Principle Overview in the India Automotive Sensors Market
Based on the working principle, the India Automotive Sensors market categorized into Capacitive, Inductive, Magnetic, Optical, Piezoelectric, and Others. The Piezoelectric segment projected to lead the market due to piezoelectric keep passengers safe and ensure intelligent engine management. Piezoelectric helps to convert forces, pressures, and accelerations into electrical signals.
Sales Channel Overview in the India Automotive Sensors Market
Based on the sales channel, the India Automotive Sensors market bifurcated into OEM and aftermarket. The aftermarket segment predicted to gain maximum market share by 2027 on account of features consumer desire for improved powertrain performance, especially fuel efficiency. Moreover, digitization of component delivery sales and services, coupled with the introduction of online portal distributing aftermarket components in synchrony with the India automotive sensor markets.
Regional Overview in the India Automotive Sensors Market
Based on geography, the India Automotive Sensors market segmented into North India, South India, West India, and East India. North India expected to generate the lions' share by 2027, owing to the increasing population and growing income levels, which have led to increased demand for automobiles. Additionally, the rising inclination of consumers toward comfort, safety, and luxury would trigger the Indian automotive sensor market.
India Automotive Sensors Market: Competitive Landscape
Companies such as Denso Corporation, Infineon Technologies, Bosch Texas Instruments, Sensata Technologies, Delphi Automotive, CTS Corporation, Maxim Integrated, Analog Devices, GE Continental Automotive, HITACHI Automotive Systems, and Other prominent players are the key players in the India Automotive Sensors Market.
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