India Tire Pressure Sensor and Airbag Sensor Market to Hit INR 686.2 Mn by 2033, Growing at 8.1% CAGR | Persistence Market Research

✅Overview of the Market, Market Statistics, Key Growth Drivers, and Leading Segment & Region

The India tire pressure sensor and airbag sensor market is poised for significant expansion between 2024 and 2033. As per the Persistence Market Research report, the market is projected to grow from INR 340.4 Mn in 2024 to INR 686.2 Mn by 2033, marking a compound annual growth rate (CAGR) of 8.1%. This growth reflects India's evolving automotive landscape and increasing emphasis on vehicle safety.

Key factors fueling this growth include stringent government regulations for automotive safety, consumer awareness about accident prevention technologies, and the rapid integration of advanced electronic systems in passenger and commercial vehicles. The Indian government's push for mandatory airbag installation and promotion of tire pressure monitoring systems (TPMS) in vehicles are pivotal catalysts for market acceleration.

Elevate your business with comprehensive market data. Request a sample report now: https://www.persistencemarketresearch.com/samples/32295

Among the segments, tire pressure sensors are expected to hold a dominant share due to rising demand in passenger vehicles. In terms of geography, South India leads the market, bolstered by a strong manufacturing ecosystem, the presence of major automotive OEMs, and high vehicle density in states like Tamil Nadu and Karnataka. These regions also have better road infrastructure and consumer awareness, accelerating adoption.

✅Key Highlights from the Report:

➤ The India tire pressure sensor and airbag sensor market is forecasted to reach INR 686.2 Mn by 2033.
➤ The market is set to expand at a CAGR of 8.1% from 2024 to 2033.
➤ Tire pressure sensors are expected to lead in product segment share.
➤ South India is anticipated to dominate the regional landscape.
➤ Regulatory mandates are driving the adoption of airbag and TPMS systems.
➤ Growing automotive sales and rising consumer safety concerns are key market enablers.

📊 Market Segmentation:

Market segmentation is crucial for understanding the diverse applications and demand patterns of sensors in India's auto industry. The product-type segmentation broadly includes tire pressure sensors and airbag sensors. Among these, tire pressure sensors have gained traction due to their increasing integration in mid-range and premium vehicles. These sensors enhance driving safety by ensuring optimal tire inflation, thus improving fuel efficiency and reducing tire wear. On the other hand, airbag sensors remain essential for passenger safety systems, especially in light of the Indian government's directive mandating six airbags in all passenger vehicles.

The end-user segmentation primarily comprises OEMs (original equipment manufacturers) and aftermarket suppliers. OEMs dominate the market as more automotive manufacturers integrate these sensors into vehicles as standard features. However, the aftermarket is also witnessing growth, especially among older vehicle owners seeking to retrofit safety systems. This dual-channel supply strategy ensures widespread sensor adoption, catering to both new and existing vehicle owners.

📊 Regional Insights:

Geographically, South India emerges as the leading region in terms of demand and production. States like Tamil Nadu, which houses major automotive clusters such as Chennai, contribute significantly to the market. This region benefits from the presence of both domestic and international automotive players, a well-developed supply chain, and supportive government initiatives. These factors collectively position South India as the hub of sensor adoption in the country.

Western India, including Maharashtra and Gujarat, is also showing robust growth due to rising urbanization, improved infrastructure, and increasing demand for passenger vehicles. These states also benefit from favorable investment environments, making them attractive for global sensor and component manufacturers. As automotive production expands across different zones, regional diversification will play a key role in scaling sensor availability and affordability.

Market Drivers

The foremost driver of this market is regulatory pressure. The Indian government's emphasis on vehicular safety, including the mandatory inclusion of airbags and TPMS, is transforming the market landscape. Additionally, rising consumer awareness regarding road safety is influencing purchase decisions, making safety features a key differentiator in car sales. Growth in disposable income and aspirations for safer, more technologically equipped vehicles further support market expansion.

Another important driver is the growing automobile industry in India. With increasing vehicle production and sales volumes, especially in passenger cars, the demand for integrated safety sensors is growing. Emerging trends such as connected vehicles and ADAS (Advanced Driver Assistance Systems) are also increasing the demand for precision sensors, supporting a future-ready vehicle ecosystem.

Market Restraints

Despite its potential, the market faces several restraining factors. The high cost of sensor integration, especially in budget vehicles, remains a barrier. For many cost-sensitive Indian consumers, the addition of sensors significantly raises vehicle prices. This price sensitivity discourages widespread adoption, especially in entry-level vehicle segments where cost remains the primary purchase determinant.

Moreover, there is limited aftermarket awareness about tire pressure sensors and airbag systems. Many vehicle owners are still unaware of the benefits of these safety features or view them as luxury add-ons rather than necessities. The absence of skilled technicians for sensor repairs and replacements also limits the growth of this market segment, especially outside urban areas.

Market Opportunities

There are immense opportunities for sensor manufacturers and OEMs to collaborate and offer affordable, integrated safety systems across vehicle segments. Government subsidies or tax benefits for safety-feature-enabled vehicles could further incentivize adoption. The emergence of electric vehicles (EVs) in India also opens new avenues, as EVs tend to be feature-rich and are more amenable to advanced electronics integration.

Furthermore, local manufacturing of sensors under initiatives like "Make in India" can reduce costs and dependency on imports, making sensors more affordable for OEMs. Companies investing in R&D to develop compact, low-cost sensors tailored for Indian road conditions can capture a significant market share. Growth in tier-2 and tier-3 cities also promises untapped potential as vehicle penetration increases.

Do You Have Any Query Or Specific Requirement? Request Customization of Report: https://www.persistencemarketresearch.com/request-customization/32295

👉Frequently Asked Questions (FAQs):

➤How Big is the India Tire Pressure Sensor and Airbag Sensor Market?
➤Who are the Key Players in the India Tire Pressure Sensor and Airbag Sensor Market?
➤What is the Projected Growth Rate of the Market from 2024 to 2033?
➤What is the Market Forecast for Tire Pressure and Airbag Sensors by 2033?
➤Which Region is Estimated to Dominate the Industry through the Forecast Period?

📌 Key Players

✦ Continental AG
✦ Robert Bosch GmbH
✦ Denso Corporation
✦ Sensata Technologies
✦ ZF Friedrichshafen AG
✦ Infineon Technologies AG
✦ Analog Devices, Inc.
✦ NXP Semiconductors
✦ Texas Instruments
✦ Delphi Automotive PLC

■ In 2024, Sensata Technologies expanded its TPMS manufacturing facility in India to meet increasing OEM demand.
■ Bosch introduced a new cost-effective airbag sensor line designed specifically for compact cars in emerging markets.

This comprehensive view of the India Tire Pressure Sensor and Airbag Sensor Market (2024-2033) provides valuable insights for industry stakeholders, manufacturers, and policymakers aiming to align with the nation's safety-centric automotive trajectory.

☎️ Contact Us:

Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

This release was published on openPR.