Rising Demand of Consumer Electronics and Government Initiatives Propelling Indian Electronic Sensors Market

Indian electronic sensors market is estimated to grow at a CAGR of 10.5% during the forecast period (2024-2031). The market growth is driven by the rising demand for consumer electronics such as smartphones, cameras, and other equipment, growing digital solutions in the industrial sector, and increasing adoption of sensors in the automotive sector. The Indian market for electronic sensors is segmented by type (image sensor, temperature sensor, pressure sensor, motion sensor, biometric sensor, and others), and by application (consumer electronics, automotive & transportation, industrial, it & telecom, healthcare, aerospace & defence, and others).

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The consumer electronics segment is anticipated to hold a considerable market share during the forecast period, owing to the owing to the rising demand for IoT- based applications, and increasing demand for smart wearable devices. The consumer electronics segment is followed by automotive segment owing to the rising demand of self-driving cars.

The key players in the Indian electronic sensors market include Sony Corp., Samsung Electronics Co., Ltd., Himax Technologies, Inc., Murata Manufacturing Co., Ltd. Robert Bosch GmbH, and others. The market players are contributing significantly to the market growth by the adoption of various strategies including mergers, and acquisitions, collaborations, and funding.

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Recent Developments

· In December 2024, Electronics City Industries Association (ELCIA) and India Electronics & Semiconductor Association (IESA), entered a partnership to strengthen sensor products development and manufacturing in India. The partnership will establish a Centre of Excellence (ECoE) for the development of sensor technologies.

· In November 2024, Indian Space Research Organisation (ISRO) announced its plan to develop made-in-India car sensors. ISRo aims to make India a producer and exporter of some of the components for global users. The initiative will help the economies of states with EVs and automobile manufacturing units.

· In October 2024, STMicroelectronics introduced ST BrightSense- Imaging sensors for computer vision. It offers tiny form factor and ultra-low power consumption. It features global shutter, 3D stacking, backside interface (BSI), and capacitive deep trench isolation (CDTI) technologies.

· In December 2023, Arrow Electronics, Inc. announced its expanded engineering support to Bharat Pi, to design and build enterprise grade IoT development boards.

· In March 2023, the Center for Materials for Electronic Technology (C-MET) developed three IoT sensor-based products, including Smart Digital thermometer, IoT-enabled Environmental Monitoring System, and Multichannel Data Acquisition System.

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