India Shock Sensors Market to Witness CAGR of 20% through 2025
Anticipated growth of industrial sector including automotive,
aerospace and consumer electronics to drive India shock sensors market
According to
TechSci Research report, “India Shock Sensors Market By Material, By Type, By
End User Industry, By Region, Competition, Forecast & Opportunities, 2025”, the India shock sensors market is forecast to grow at a steady
CAGR of nearly 20% during the forecast
period 2020-2025. “India shock sensors market is projected to witness robust
growth during the forecast period owing to the steady expansion of the
automotive, aerospace and defense, consumer electronics, and industrial
manufacturing sectors in the country.” said Mr. Karan Chechi, Research Director
with TechSci Research, a research based global management consulting firm.
India shock sensors market is segmented based on
material, type, end user industry and regional distribution. Based on material,
the market can be categorized into quartz, tourmaline, gallium phosphate and
others. Gallium phosphate segment is expected to grow at the highest CAGR
during forecast period attributable to the fact that gallium phosphate is a
synthesized chemical used for manufacturing shock sensors that typically
operate in hazardous environments.
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Based
on type, the market can be fragmented into piezoresistive, piezoelectric, strain
gage, capacitors and others. The piezoresistive segment is expected to dominate
the market over the next five years owing to its large-scale use of these
sensors for measuring vibrations or shocks and advantages such as inherent
ruggedness and easy adaptability. Piezoelectric sensors are most widely used
sensor types for shock measurements due to their inherent ruggedness and adaptability. Based on end
user industry, the market can be segmented into automotive, aerospace,
industrial, consumer electronics and others. The consumer electronics and
industrial sector is anticipated to dominate the demand for shock sensors market
in India through 2025 on account of rising trend of automation, robotics and
wearable devices.
Furthermore,
the increasing terrorist activities and other forms of external aggression are
encouraging most governments across the world to make higher investments for
upgrading their aerospace and defense equipment. The other end use segment
comprises of logistics, supply chain, residential buildings and sports equipment.
Shock sensors are also widely used in logistics and supply chain industry as they
enable the logistics managers to identify the real-time alerts and historical
data analytics. In residential buildings shock sensors are widely used across
houses to intimate about burglaries and property damage to the owners.
However,
short lifecycle of shock sensors can hamper the growth of market during
forecast period. Additionally, the likelihood of shock vibrations which tend to
be higher in frequency than normal vibrations or typical acceleration forces
causing the sensor to vibrate at its resonant natural frequency can further
restrict the growth of market during forecast period. Honeywell International
India Pvt. Ltd., TE Connectivity India Pvt Ltd, PCB Piezotronics India Pvt Ltd, Murata
Electronics (India) Private Limited, Comus Electronics &
Technologies India Private Limited, SignalQuest LLC, Climax Technology Co.,
Ltd. are among the leading players operating in India shock sensors market.
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“India Shock Sensors Market By Material, By
Type, By End User Industry, By Region, Competition, Forecast &
Opportunities, 2025” has evaluated
the future growth potential of India shock sensors market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in India shock sensors market.
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