Market Size of India Automotive Sensors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 11.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Automotive Sensor Market Analysis
The India Automotive Sensors Market is expected to exhibit a growth rate of over 11% during the forecast period 2020-2025.
- Some of the major factors driving the growth of the sensors market in India are the increased emphasis of passenger, pedestrian and vehicular safety in the country.
- The government has mandated few features like Reverse Parking Assist, whcih is expected to help market growth. Similary, increasing adoption of ADAS systems in both passenger cars and commercial vehicles is also expected to drive the market.
- However, increased cost of vehicle due to integration of additional safety systems and slow rate of adoption for Electric Vehicles in passenger cars and commercial vehicle space alike is expected to deter market growth by some degree.
