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India Automotive Sensors Market Size (2024 - 2029)

The market size of the automotive sensors sector in India is anticipated to grow significantly during the forecast period, driven by a heightened focus on safety for passengers, pedestrians, and vehicles. Government mandates for safety features such as Reverse Parking Assist and the increasing adoption of Advanced Driver Assistance Systems (ADAS) in both passenger and commercial vehicles are key factors contributing to this growth. However, the rising costs associated with integrating these safety systems and the slow adoption rate of electric vehicles may pose challenges to the market's expansion.

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Market Size of India Automotive Sensors Industry

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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

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*Disclaimer: Major Players sorted in no particular order

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.

India Automotive Sensor Industry Segmentation

The India Automotive Sensors Market covers the latest trends and technological development of sensors in India, demand by Sensor type, vehicle drive-train, application and market share of major sensor players across the country.

By Sensor Type
Pressure Sensors
Temperature Sensors
Speed Sensors
Electro-Optical Sensors
Electro-Magnetic Sensors
Other Sensors
By Vehicle Drive-train
ICE Vehicles
Electric Vehicles
By Application
Engine and Drivetrain
Vehicle Electronics
Vehicle Safety Systems
Other Applications
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India Automotive Sensors Market Size Summary

The Indian automotive sensors market is poised for significant growth, driven by an increased focus on safety features for passengers, pedestrians, and vehicles. Government mandates, such as the requirement for Reverse Parking Assist, are expected to bolster market expansion. The rising adoption of Advanced Driver Assistance Systems (ADAS) in both passenger and commercial vehicles further propels this growth. However, the integration of these additional safety systems may lead to higher vehicle costs, and the slow adoption rate of electric vehicles could pose challenges to market growth. Despite these hurdles, the demand for ADAS is anticipated to rise, supported by regulatory reforms aimed at enhancing driver safety and reducing accidents.

The market landscape is competitive, with major players like Continental, Denso, Robert Bosch, Hyundai Mobis, and Aptiv investing heavily in research and development to innovate and maintain a competitive edge. The introduction of features such as blind-spot detection and lane departure warnings is expected to become more prevalent, as consumer awareness and demand for these safety features increase. The Indian government's efforts to mandate ADAS in new vehicles by 2022 further underscore the market's potential. As more automotive brands begin to offer these advanced features, the automotive sensors market in India is set to experience robust growth, addressing both consumer safety concerns and regulatory requirements.

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India Automotive Sensors Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porters Five Force's Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Sensor Type

      1. 2.1.1 Pressure Sensors

      2. 2.1.2 Temperature Sensors

      3. 2.1.3 Speed Sensors

      4. 2.1.4 Electro-Optical Sensors

      5. 2.1.5 Electro-Magnetic Sensors

      6. 2.1.6 Other Sensors

    2. 2.2 By Vehicle Drive-train

      1. 2.2.1 ICE Vehicles

      2. 2.2.2 Electric Vehicles

    3. 2.3 By Application

      1. 2.3.1 Engine and Drivetrain

      2. 2.3.2 Vehicle Electronics

      3. 2.3.3 Vehicle Safety Systems

      4. 2.3.4 Other Applications

India Automotive Sensors Market Size FAQs

The India Automotive Sensors Market is projected to register a CAGR of greater than 11% during the forecast period (2024-2029)

Continental AG, DENSO Corporation, Aptiv, Robert Bosch and Hyundai Mobis are the major companies operating in the India Automotive Sensors Market.

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