Two Wheeler Segment to Continue its Dominance in India Automotive Voltage Regulator
Rising adoption of advanced technologies in automotive sector
is driving demand for automotive voltage regulators in India
According
to TechSci Research report, “India Automotive Voltage Regulator Market By Vehicle Type, By
Functionality, By Region, Competition, Forecast & Opportunities, 2025”, India automotive voltage regulator market is anticipated
to cross 30 million units by 2025, owing to its wide usage in voltage control for
several smart features introduced in vehicles like, smart
fuel saving tips, enhanced gesture control, integration with smartphones in
modern vehicles, camera
system for parking, various sensors for better safety features, tire pressure
monitoring system, etc., as all these advanced features require uniform voltage
supply for smooth functioning.
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Indian automotive voltage regulator market can be segmented based on
vehicle type, functionality type and region. In terms of vehicle type, two-wheeler
segment accounted for the largest share and the trend is expected to continue
in the forthcoming years as well. In terms of functionality type, Mono
functionality is the dominating segment in India automotive voltage regulator market,
as all two-wheelers have this type of functionality. Based on vehicle type, two-wheeler
captured the major share in 2018. This is because most of the people in India
prefer bikes due to their affordability, fuel efficiency and low cost of
maintenance.
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UNO Minda, Valeo, Denso, TVS Lucas, and Mitsubishi
Electric Automotive India Pvt. Ltd. are some of the leading players
operating in India automotive voltage regulator market. “Western India dominated the automotive
voltage regulator market in 2019, backed by the presence of manufacturing hubs
of leading players like, Bajaj Auto, FIAT, Tata Motors, Ashok Leyland, etc., in
the region. Moreover, the sales of vehicles in western region are higher
compared to other regions of the country.”, said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“India Automotive Voltage Regulator Market By
Vehicle Type, By Functionality, By Region, Competition, Forecast &
Opportunities, 2025” has
evaluated the future growth potential of India automotive voltage regulator 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 automotive voltage regulator market.
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