|
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.
Download Free Sample Report
High
requirement for skilled workforce
In
the past ten years, hiring workers for specialized positions in their factories
has become more challenging for manufacturers. Automation makes things more
difficult because it necessitates programming and operating knowledge for the
robots. This increases the opportunities for existing employees to receive
training and broaden their skill set. An automation company can help with the
initial installation and configuration. With the proper training and
experience, employees can learn new skills and adapt to managing robots. As a
result, the demand for a highly skilled workforce and team may hinder the
expansion of the Sensors market.
Market Segmentation
The India Sensors market is divided based
on Type, Technology, and Industry. Based on Type, the market is divided 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. By Technology, the market is divided into CMOS, MEMS, NEMS, and Others.
By Industry, the market is divided into Electronics, IT & Telecom,
Automotive, Industrial, Aerospace & Defence, Healthcare, and Others.
The
demand for automation in manufacturing is fueling the market for Sensors and exhibiting
a rapid growth of compound annual growth rate (CAGR) during the forecast
period.
Market Players
Some
of the leading players in 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, and many more.
Key developments and
initiatives by government and companies
- An
agreement has been signed by Uno Minda, a top tier-1 supplier of proprietary
automotive solutions and systems to original equipment manufacturers, and
Asentec of Korea, a major global supplier of automotive sensors and actuators,
to design, develop, produce, and market wheel speed sensors (WSS) in India.
- GalaxEye to develop satellites with synthetic aperture
radar (SAR) and optical sensors with Antaris.
Attribute | Details |
Base Year | 2023 |
Historic Data | 2019 –
2022 |
Estimated Year | 2024 |
Forecast Period | 2025
– 2029 |
Quantitative Units | Revenue in USD Million, and CAGR for 2019-2023 and 2024 – 2029 |
Report coverage | Revenue
forecast, company share, growth factors, and trends |
Segments covered | Type Technology Industry Country |
Regional scope | North
India, South India, East India, West India |
Key companies profiled | 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 |
Customization scope | 10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research
needs. Explore purchase options |
Delivery Format | PDF and Excel
through Email (We can also provide the editable version of the report in
PPT/Word format on special request) |
Report Scope:
In this report, the India
Sensors market has been
segmented into the following categories, in addition to the industry trends,
which have also been detailed below:
·
India Sensors Market, By Type:
o Radar Sensor
o Optical Sensor
o Biosensor
o Touch Sensor
o Image Sensor
o Pressure Sensor
o Temperature Sensor
o Proximity & Displacement
Sensor
o Level Sensor
o Motion & Position Sensor
o Humidity Sensor
o Accelerometer & Speed Sensor
o Others
·
India Sensors Market, By Technology:
o
CMOS
o
MEMS
o
NEMS
o
Others
·
India Sensors Market, By Industry:
o
Electronics
o
IT & Telecom
o
Automotive
o
Industrial
o
Aerospace & Defense
o
Healthcare
o
Others
·
India Sensors Market, By Region:
o East India
o West India
o North India
o South India
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the India Sensors market.
Available Customizations:
India Sensors market report with the given market data, Tech
Sci Research, offers customizations according to a company's specific needs.
The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
ten).
India Sensors market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date
of release, please contact us at [email protected]