Report Description

 

Forecast Period

2025-2029

Market Size (2023)

USD 15.61 Billion

CAGR (2024-2029)

9.62%

Market Size (2029)

USD 22.90 Billion

Fastest Growing Segment

Image Sensor

Largest Market

West Region

 

 

 

 

 

The India Sensors market is anticipated to grow rapidly in the forecast period, 2025-2029. Due to increasing automotive sales and technological developments in consumer electronics, it is anticipated that the India sensors market experience significant growth during the forecast period. The market for sensors is also expanding because of rising automation demand and the popularity of products like tablets, PCs, smartphones, and smart watches. Sensing technology is evolving with process automation advances, resulting in more capable and better-networked sensing devices and has a wide range of industries. As the digitalization transition accelerates, the need for greater process automation, improved abnormality detection, and predictive maintenance capabilities is driving unprecedented adoption of sensing technology.

A sensor is a device with the ability to recognize changes in its immediate environment and to output them as analogue or digital signals. These signals can either be displayed or used by a closed loop system to control a process. As, their output is so small, sensors are typically connected to transmitters so that the output can be conditioned or amplified.

In the world affected by COVID, technology is essential for societies to respond, recover, and thrive. Focus on the Internet of Things (IoT) is increasing because of the growing necessity of gathering real-time data and acting on the insights, both in terms of its broader applicability and the path to achieving scale. This rise is being driven by the decreasing cost of computing power, advancements in efficient algorithm designs, advances in machine learning, and, most importantly, the rise of low latency, high-range networks. After 5G, networks are more widely adopted throughout the world, these networks will spread even further and fuel the market of sensors in India.

Increase in automation in various verticals across the region

There is a continuous increase in automation across various verticals of India. Several large-scale and small-scale industries have made automation a key component for cost-cutting and production-efficiency strategies. The use of Sensors is growing as more and more businesses are shifting toward automation. Sensors are used in various industries, such as Electronics, IT & Telecom, Automotive, Industrial, Aerospace & Defense, Healthcare, and Others. Sensor’s adoption is increasing due to the rapidly changing human-machine interface (HMI), which is made possible by introducing touch screens, larger screens, higher resolution, remote monitoring capabilities using advanced processors, and IIOT which increases the demand for the sensors in the smart products.