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Indian Automotive Sensors Market

Indian Automotive Sensors Market

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Indian Automotive Sensors Market

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  1. Indian Automotive Sensors Market – Industry Analysis and Forecast (2018-2026) – by Type, Vehicle Type and Application Indian Automotive Sensors Market is expected to reach US$ XX Bn by 2026 at a CAGR of 14% over the period 2018-2026. The growing the proportion with impressive per capita income is driving the demand for premium and luxury vehicles, which in turn is being driving the automotive market. The y-to-y automotive sales growth rate was 14.22% for the financial year 2017-18 In National Electric Mobility Mission 2020, Indian government has formulated a scheme for faster adoption and manufacturing of electric and hybrid vehicles in India. Electric and hybrid vehicles have an extensive range of vehicle sensors in various applications of ranging from powertrain & chassis, body electronics, safety and security, etc. Thereby, the growth of electric vehicles would significantly help to augment the growth of the Indian automotive sensors market. However, the heavy cost associated with these sensors would pose a threat in the adoption of these systems and is one of the growth restraints for the Indian automotive sensors market. The recovery of economy after demonetisation and GST implementation, impressive growth rate of 7.2% during the final quarter of 2017-18 financial year, infrastructure development and streamlining of the logistics and e-commerce sectors, migration to BS IV emission standards, boost to the medium and heavy commercial vehicles due to restrictions on truck overloading are some other driving factors for the Indian automotive sensor market. The year 2017-18 witnessed the highest sales and production in utility vehicle and passenger car segments.

  2. Category No of units sold (2017-18) Y-O-Y Growth Rate (2017- 18) 7.89% 19.94% 14.80% 14.22% 8,56,453 3,287,965 20,192,672 24,972,788 Commercial Vehicles Passenger Vehicles Two-Wheelers Total Indian automotive sensors market is segmented on the basis of type, vehicle type, application. The pressure and MEMS sectors are expected to be the major segments pioneering the growth of the Indian automotive sensors market in the forecast period. In application, sensors used in the powertrain (especially in engine and chassis) would significantly grow to remain the largest contributor in the automotive sensor market. However, sensors used in the alternative fuel vehicle would grow at the highest rate due to the growing adoption of electric and hybrid vehicles in the forecast period. The OEMs operating in Indian market are looking forward to differentiate the vehicles by incorporating several new features based on sensors. Continental, which is one of the leading automotive sensor manufacturers, has developed a comprehensive series of advanced automotive sensors to increase vehicle automation and improve various functional efficacies of the vehicle. One such advancement is the Intelligent Battery Sensor, which continuously analyses the status of conventional 12-Volt lead-acid batteries and provides information on key parameters such as the state-of-charge, state-of-function (power ability) and state-of- health (aging) of the battery. The battery sensor could be deployed to any standard battery system. The Indian automotive sensors market report also studied, analysed and presented the key trends that will impact the industry and competitive landscape of the Indian Automotive Sensors Market. Some of the key players profiled and bench-marked in the report are Texas Instruments (U.S.), Robert Bosch GmbH (Germany), General Electric Company (U.S.), Analog Devices (U.S.), Infineon Technologies AG (Germany), Freescale semiconductor Inc. (U.S.), and Delphi Automotive PLC (U.K.) and among others. Along with the leading global players important Tier-II and Tier-III players are also profiled and benchmarked in the report with recent investment coming in Indian market by new entrants as well as old players. The report further analyses the growing importance of the US, European, Chinese, South Korean players in Indian automotive sensors market. The global giants are inclined to partner with the indigenous entrepreneurs and start-ups. The emerging partnership trends and joint ventures are studied accordingly. Report will help reader to get the detailed and quick glimpse of Indian Automotive Sensors Market structure, growth, technology trends, investment trends, application growth, legal aspect, market drivers & restraints.

  3. Scope of the Indian Automotive Sensors Market report Automotive Sensors India Market by Type • Pressure Sensor • Temperature Sensor • Speed Sensor • Position Sensor • Inertial Sensor • Image Sensor • Others Automotive Sensors India Market by Vehicle Type • Passenger vehicles • Commercial Vehicles • Electric Vehicles • Two-Wheelers Automotive Sensors India Market by Application • Powertrain • Chassis • Exhaust • Safety & Control • Body Electronics • Telematics • Others

  4. Maximize Market Research Address: Omkar Heights, Manik Baug, Vadgaon Bk, Opp. Indian Hume Pipe Co., Sinhagad Road, Pune – 411051. (Maharashtra, India) Contact: +912066303320