Thumbnail

India Smart Sensors Market - By Type ( Flow Sensors, Image Sensors, Pressure Sensors, Position Sensors, Motion and Occupancy Sensors, Light Sensors, Water Sensors), Technology, Trends, Forecast - (2020 - 2025)

Looking to buy the report?

A Sensor can be described as a chip or a device that smoothens the process of measuring the fluctuation regarding temperature, pressure, acceleration or others that are critical to enhance the process, optimizes cost and saves energy. Sensor with Integrated Circuits forms smart sensors that gathers analyses and gives the instruction as per the built-in logic. Some of the benefits associated with these sensors are scalability, reliability and cost effectiveness. These are widely used in industries like aerospace & defense, automotive, consumer electronics and among others. Sport industries have also emerged as one of the emerging sectors for smart sensors market. Considering the state of economy of the economy that is growing at a rapid pace, it considered to be one of the top manufacturing hub in APAC region during the forecast period. The market for Smart sensors market is expected to gain traction during the forecast period. Advancement in technology has led to the emergence of small size sensors with optimal performance and reliability. Further, the market growth has been fueled by the presence of several drivers such as Technological advancements, increasing Demand for Low-cost, High Performance and Reliable Sensors and growing demand for enhanced life.  

The market for Smart Sensor in India is expected to reach at US$0.54 million in 2018, growing at a CAGR of 13.88% from the period 2014-2020. Industrialization that leads to increase in the level of pollution and water contamination has spurred the demand for smart technology that helps in optimization of resource as well as energy efficiencies. In addition to that, the increase in the number of smart vehicles will also exert positive in the overall growth for smart sensor market in this region.  

DRIVERS

The increase in number of automobiles has spurred the demand for sensors in this region. In addition to that, the need to reduce the overall weight of the car for operational efficiency also acts as a motivating factor for the growth of the market. 

The increasing concern for safe and secure atmosphere and surroundings also helps in growth of the market considering the number of man-made hazards that are happening off lately. 

Further, the shift in focus of electronic security equipment market towards advanced security solutions that includes analytics, digital analytics, access control, HVAC and among others has led to the increase in demand for sensors in this region.

RESTRAINTS

Apart from several drivers, the market is being hindered by many challenges. One of the restraints that effect the growth of the market is lack of awareness about the features and benefits of sensor, which leads to low penetration rate.  
This report also describes a detailed study of the Porter’s five forces analysis of the market. All the five major factors in

these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies, geographical footprint, and competition analysis. The market is mostly dominated international players.

In addition to that, the market Smart Sensors in India is segmented on the basis of Type (Flow Sensors, temperature sensors, Pressure Sensors, Touch Sensors, Position sensors and Others), Technology (MEMS, Optical spectroscopy, CMOS and others), Component (Analog to Digital, Digital to Analog and Others), and by Industry (Aerospace, Automotive, Biomedical, Industrial, Building Automation, Consumer Electronics and Others)

Major market players like Texas Instruments, ABB Ltd, Analog Devices, Beanair, Eaton Corporation, Delphi, Freescale Semiconductors, RJC Enterprises LLC, Infineon, Oceana Sensor Technologies, Sensirion AG, Siemens, Maquet, Emerson Process Management, Omron Corp, Yokogawa Electric Corp and among others are studied. Their current market strategies as well as their progress in the market are also analyzed. 

WHAT THE REPORT OFFERS

• India Smart Sensors Market Overview with information on drivers and restraints
• In-depth Smart Sensors Market Analysis and its applications in the industry
• Identification of factors responsible for changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on global and regional scale
• Extensively researched competitive landscape with profiles of major companies along with their market shares
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information

 

Looking to buy the report?

Want some specific customizations?

Our clients include:

prev-arrow
next-arrow

Looking to Customize Report?

Please Enter Email ID

Please Enter Message