India Sensors Market to grow with increasing smartphones and other electronics devices through FY2028F
Growth in demand for sensors
in development of smart cities is a significant factor driving the growth of
the India Sensors Market in the forecast period of 2024-2028.
According to the TechSci
Research report, "India Sensors Market –
Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028F,". The India Sensors Market
is anticipated to expand in the coming years. Sensors enable to
interact with the environment through a mechanical or electrical device. The
technology measures or finds changes in an environmental characteristic over
time. The need for sensors increases with the expansion of sensor applications.
Most automation industries would suffer from a lack of dependable sensors. As a
result, producing high-quality sensors is critical, and with increased
manufacturer competition, sensors are becoming more affordable than ever.
Precision data collection of physical parameters is a deciding factor for
sensors used in automation. As a result, if the cost factor increases
significantly, the reliability factor becomes a prior requirement for sensors.
The sensors market in
India is expected to experience significant growth in the coming years. The
market is driven by the increasing demand for sensors in various industries,
such as automotive, consumer electronics, healthcare, and industrial
automation, among others.
India is a key player in
the global automotive industry, and the growing demand for vehicles in the
country is driving the demand for automotive sensors. The increasing use of
sensors in the healthcare sector is also contributing to the growth of the
sensors market in India. The adoption of digital health technologies and the
increasing focus on remote patient monitoring are expected to further boost the
demand for sensors in this sector.
The consumer electronics
sector is another key contributor to the sensors market in India. The
increasing adoption of smartphones, tablets, and wearable devices is driving
the demand for sensors such as accelerometers, gyroscopes, and proximity
sensors.
In 2020, Government of India
Introduced product linked for large scale electronics manufacturing and IT
Hardware. PLI Scheme covers components such as camera, sensors, resistors,
capacitors, inductors, diodes, transistors., encoders, potentiometers,
resolvers, and/or tachometers. Government plays a major role in funding R&D
and innovation projects.
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The India
Sensors Market is
segmented based on Type, Technology, Industry, Region, and Competitive Landscape.
Based on type,
India sensors market is segmented into radar sensor, optical sensor, biosensor,
touch sensor, image sensor, pressure sensor, temperature sensor, proximity
& displacement sensor, level sensor, motion & position sensor, humidity
sensor, accelerometer & speed sensor, and others. Touch sensor is
anticipated to witness significant demand due to its increased implementation
in consumer electronics products.
According to
analysis, India is expected to grow during the forecast period. India sensors
market is one of the fastest growing markets in Asia-Pacific. Rising security
concerns and growing trend towards miniaturization are shifting the focus of
consumers to smart devices, which make extensive use of various sensors touch
and image sensors. Increase in sales of consumer electronics and medical
devices is also contributing to growth of sensors market in the country.
Further, automation in manufacturing sector is being driven by growing need for
energy efficiency and complying with related government regulations. As sensors
help in reducing energy consumption and wastage, it reduces maintenance costs.
Major
market players operating in the India Sensors Market are:
- STMicroelectronics Private Limited
- 3M India Limited
- Texas Instruments (India) Private Limited
- Freescale Semiconductor India Private Limited
- Murata Electronics (India) Private Limited
- Honeywell Automation India Private Limited
- TE Connectivity India Private Limited
- Alps Electric (India) Private Limited
- Semtech Advanced Systems India Private Limited
- Cognex Sensors India Private Limited Addverb Technologies
Some of the companies and government initiatives:
- Indian Institutes of Technology (IIT) in Guwahati and Bombay are developing low-cost sensors to evaluate the quality of India's drinkable and other water supplies in collaboration with European universities. The LOTUS Indo-European project, a collaboration between the European Commission and the Department of Science and Technology, aims to address issues with water quality delivered to families in India and around the world.
- The Indian security forces are setting up a network of surveillance cameras and sensors to closely monitor the Chinese Army along the Line of Actual Control, which significantly improve border security and surveillance. The new network work with satellites and drones to provide border security forces with comprehensive monitoring capability.
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"Growing trend of miniaturization
is resulting in rapid technological advancements and digitalization by making
consumer electronic products smaller and smarter. In addition, the Indian
government's initiatives to promote the adoption of smart cities and digital
technologies are expected to drive the demand for sensors in the country's
infrastructure sector, thereby driving the sensors market in India.", said
Mr. Karan Chechi, Research Director with TechSci Research, a research-based India
management consulting firm.
"Sensors Market – India Industry Size,
Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented by Type (Radar
Sensor, Optical Sensor, Biosensor, Touch Sensor, Image Sensor, Pressure Sensor,
Temperature Sensor, Proximity & Displacement Sensor, Level Sensor, Motion
& Position Sensor, Humidity Sensor, Accelerometer & Speed Sensor,
Others), By Technology (CMOS, MEMS, NEMS, Others), By End User Industry
(Electronics, IT & Telecom, Automotive, Industrial, Aerospace & Defense,
Healthcare, Others), By Region, By Competition ", has evaluated the future
growth potential of India 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 Sensors Market.
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