India is a sensor market that is expanding quickly, with a significant emphasis on domestic manufacturing capacity development. Due to the nation’s substantial and varied industrial base, sensors are in high demand in a variety of industries, including automotive, consumer electronics, industrial automation, and healthcare.
In India, the sensor market is anticipated to expand at a CAGR of 12.2% from 2020 to 2025.
Domestic firms including Bharat Electronics Limited (BEL), Tata Motors, and Godrej & Boyce Manufacturing Company Limited lead the Indian sensor market. Radar, sonar, and electronic warfare systems are just a few of the many sensors that BEL, a prominent public sector business in India, produces.
Tata Motors is a significant participant in the Indian automotive sector and manufactures a variety of car sensors, such as pressure, position, and temperature sensors. A major supplier of industrial automation goods in India, Godrej & Boyce Manufacturing Company Limited creates a variety of sensors for use in industrial applications.
Also, several small and medium-sized businesses (SMEs) in India are actively engaged in the sensor sector. Elmeasure India Private Limited, Micro Technologies (India) Ltd, and Pune Techtronics Private Limited are a few of the significant SMEs in the Indian sensor sector. These businesses specialize in the manufacturing of several kinds of sensors, including flow, pressure, and temperature sensors.
In India, the development of novel sensor technologies, such as internet of things (IoT) sensors, has received more attention in recent years. The use of IoT sensors in a variety of applications, including agriculture, smart cities, and healthcare, has been aggressively promoted by the Indian government.
IoT sensors are anticipated to be extensively employed in a variety of applications, including connected automobiles, smart homes, and smart factories, and are projected to play a significant part in the future growth of the sensor market in India.
In addition, a number of multinational corporations, such as Siemens AG, ABB Ltd., and Honeywell International Inc., have a sizable presence in the Indian sensor industry. Leading sensor suppliers include Honeywell International Inc. for uses in industrial automation, aircraft, and transportation.
Leading suppliers of industrial automation goods and services, such as sensors for use in industrial applications, including ABB Ltd. Leading suppliers of industrial automation goods and services, such as sensors for use in industrial applications, include Siemens AG.
To boost the effectiveness of crop yields, the Indian government is also supporting sensor usage in agriculture. To make urban infrastructure more effective, the government is also supporting the use of sensors in smart cities.
In general, India is regarded as a major participant in the worldwide sensor market and is anticipated to continue seeing rapid expansion in the years to come.
Over the projected period of 2020–2025, the Indian sensor market is anticipated to expand at a CAGR of 12.2%. In the upcoming years, it is anticipated that the sensor market in India will continue to expand rapidly due to the increased focus on creating new sensor technologies, such as Internet of Things sensors.
Source: Mordorintelligence, techsciresearch, analyticsindiamag