Report Overview

India Automotive Sensors Market - Industry Trends & Forecast Report, 2029

India automotive sensors market size was estimated at USD 1,570.11 million in 2022. During the forecast period between 2023 and 2029, the size of India automotive sensors market is projected to grow at a CAGR of 14.17% reaching a value of USD 3,940.39 million by 2029. Major growth drivers for India automotive sensors market include increasing focus on passenger, pedestrian and vehicular safety in the country, high disposable income in India, the entry of foreign auto manufacturers increasing adoption of autonomous vehicles and growing government regulations on emission control. The government has mandated a few features, such as Reverse Parking Assist, which are likely to aid market growth. Similarly, rising usage of ADAS systems in both passenger and commercial vehicles is expected to propel the market. Besides, the entrance of electric vehicles will drastically alter the number and deployment of pressure sensors and magnetic sensors in the automobile in the long run, accelerating the India automotive sensors market in the approaching years. Fewer pressure sensors are required in an electrified vehicle, but more magnetic sensors are required to monitor the battery and enable various positioning and detection of moving elements. Automobile sensors for early applications, such as fewer emissions, higher fuel economy, and on-board diagnostics, currently dominate the power system applications of the automotive system. Therefore, such factors are expected to boost the expansion of India automotive sensors market during the period in analysis.

India Automotive Sensors Market – Overview

Automotive sensors, which are present throughout the car, are the essential components of the perception layer. The number of sensors in an automobile directly impacts its intelligence level. There are two types of automotive sensors: environmental monitoring and body perception. Body sensing sensors are used to gather information about the body, such as tire pressure, oil pressure, and vehicle speed. Ultrasonic radar is mostly utilized for backup radar and short-distance obstacle monitoring in automatic parking, while cameras, millimeter-wave radars, and LIDAR (light detection and raging) are widely used in other ADAS (Advanced Driver Assistance Systems) operations. The arrival of electric vehicles would drastically alter the quantity and distribution of pressure and magnetic sensors within the vehicle, influencing the automotive sensor industry. The Indian government has enacted legislation requiring the installation of certain mandatory automotive sensors, which will encourage increased demand and usage for automotive sensors across all vehicle segments in the Indian automotive market. North India is predicted to account for the lion's share by 2027, owing to rising population and economic levels, which have resulted in greater demand for automobiles. Furthermore, the growing consumer preference for comfort, safety, and elegance will drive the India automotive sensor market.

India Automotive Sensors Market

Growth Drivers

Increasing Emphasis on Safety Solutions

The demand for Advanced Driver Assistance Systems (ADAS) is predicted to skyrocket over the projection period, driven mostly by regulatory revisions in safety applications that help safeguard drivers and prevent accidents. Consumer interest is also growing as people become more aware of the possible life-saving and other comfort-related advantages offered by ADAS. The Union Minister for Road and Highway Transport declared in September 2018 that the government is trying to implement a requirement mandating ADAS in all new vehicles (including heavy-duty) by 2022. In 2018, India had 467,044 road accidents, up from 464,910 in 2017. As a result, it is projected that a few more automakers will begin implementing ADAS on their vehicles in the near future, particularly those such as parking assistance, blind spot recognition, lane departure warning, and so on, which will help to reduce the number of accidents. The introduction of these technologies is expected to assist drive the country's automotive sensors market.

Restraints

High Prices and Restrictions During Adverse Weather Conditions

Due to low production numbers, the cost of the sensors used in ADAS could not be reduced to target levels. Furthermore, because most current sensors have a limited signal bandwidth and measurement range, distinguishing between system noise and signals, such as road obstructions, is becoming increasingly difficult. Furthermore, tracking moving objects becomes more challenging in less-than-ideal situations such as rain or blizzards. As a result, the global automotive sensors market's growth is anticipated to hinder during the forecast period.

Impact of COVID-19 on India Automotive Sensors Market

COVID-19 had a detrimental impact on the growth of automotive sensor market. The cessation of manufacturing and end-of-life sector operations harmed the automotive sensors market. The pandemic harmed the industry's overall growth. The COVID-19 pandemic in 2020 and early 2021 prompted countries to impose stringent lockdown measures, complicating automotive sensor import and export activity. As a result, the growth of the India automotive sensors market is hampered. However, following the pandemic, the country's sales volume of passenger automobiles and hybrid electric vehicles grew due to the country's relaxation of COVID-19-related restrictions. As a result, the India automotive sensors market is predicted to overcome all damages caused during the forecast period and to increase at a rapid pace.

India Automotive Sensors Market

Segmental Coverage

India Automotive Sensors Market – By Sales Channel

By sales channel, India automotive sensors market is segmented into Original Equipment Manufacturer (OEM) and Aftermarket. The aftermarket segment is expected to hold a higher market share as a result of consumer demand for increased powertrain performance, particularly fuel efficiency. Also, digitization of component delivery sales and services, as well as the launch of an online portal supplying aftermarket components in advance for the India automotive sensor markets.

India Automotive Sensors Market – By Sensor Type

Based on sensor type, India automotive sensors market is divided into Temperature Sensors, Pressure Sensors, Oxygen Sensors, NOx Sensors, Position Sensors, Speed Sensors, Inertial Sensors, and Image Sensors. The position sensor segment held the highest market share in 2022 due to rising demand for premium vehicles and increased desire for greater driver convenience. The need to ensure the proper operation and safety of all automobile components is driving rising demand for position sensors. Continuous improvements in the automotive sector, as well as the release of updated position sensors, may drive increasing demand for position sensors in India. The temperature sensors segment is expected to be the second most dominant segment which aid in detecting transmission fluid temperature, exhaust gas temperature, engine oil temperature, fuel temperature, and coolant water.

India Automotive Sensors Market – By Vehicle Type

By vehicle type, India automotive sensors market is segmented into Passenger Car, LCV, and HCV. The passenger car segment dominates the market during the period in analysis. The need for sensors in passenger cars has increased due to optimizing fuel consumption and the growing demand for personal mobility solutions. Sensors used to monitor mass air flow, coolant, and oxygen assist the vehicle by controlling emissions rate, monitor temperature changes, and send signals to the engine control unit to adjust spark timing and deliver accurate fuel delivery. Thus, due to greater consumer demand for safety-oriented and environment-friendly vehicles. The light commercial vehicle segment is predicted to dominate the market in second place due to increased awareness about safety and comfort features and government regulation.

India Automotive Sensors Market – By Application

By application, India automotive sensors market is segmented into Powertrain Systems, Chassis, Exhaust Systems, Safety & Control Systems, Vehicle Body Electronics, and Telematics Systems. The powertrain systems segment is expected to dominate the market because to its application in the automotive industry to deliver greater fuel economy and low emission automobiles.

Competitive Landscape

Major players operating in India automotive sensors market include Autoliv Inc, Robert Bosch, Continental AG, DENSO Corporation, Delphi Automotive Company, Infineon Technologies AG, NXP Semiconductor, Sensata Technologies, STMicroelectronics N.V., and Valeo. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of Report:

By Sales Channel

• Original Equipment Manufacturer (OEM)

• Aftermarket

By Sensor Type

• Temperature Sensors

• Pressure Sensors

• Oxygen Sensors

• NOx Sensors

• Position Sensors

• Speed Sensors

• Inertial Sensors

• Image Sensors

By Vehicle Type

• Passenger Car

• LCV

• HCV

By Application

• Powertrain Systems

• Chassis

• Exhaust Systems

• Safety & Control Systems

• Vehicle Body Electronics

• Telematics Systems

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. India Automotive Sensors Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing Adoption of Autonomous Vehicles
         2. Growing Government Regulations on Emission Control
      2. Restraints
         1. Long Distance to Travel
      3. Opportunities
         1. Rising Focus on Electrification in Automotive Industry
         2. Advancements in Technology
      4. Challenges
         1. Safety and Security Concern
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. India Automotive Sensors Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Sales Channel
         1. Original Equipment Manufacturers (OEMs)
         2. Aftermarket
      2. By Sensor Type
         1. Temperature Sensors
         2. Pressure Sensors
         3. Oxygen Sensors
         4. NOx Sensors
         5. Position Sensors
         6. Speed Sensors
         7. Inertial Sensors
         8. Image Sensors
         9. Others
      3. By Vehicle Type
         1. Passenger Car
         2. LCV
         3. HCV
      4. By Application
         1. Powertrain Systems
         2. Chassis
         3. Exhaust Systems
         4. Safety & Control Systems
         5. Vehicle Body Electronics
         6. Telematics Systems
         7. Others
5. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. India Automotive Sensors Company Market Share Analysis, 2022
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on India Automotive Sensors Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
   1. Autoliv Inc
   2. Robert Bosch
   3. Continental Ag
   4. DENSO Corporation
   5. Delphi Automotive Company
   6. Infineon Technologies AG
   7. NXP Semiconductor
   8. Sensata Technologies
   9. STMicroelectronics N.V
   10. Valeo
   11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
   1. Qualitative Research
      1.  Primary & Secondary Research
   2.  Quantitative Research
   3.  Market Breakdown & Data Triangulation
      1.  Secondary Research
      2.  Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5.  Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.   

List of Figures

Figure 1       India Automotive Sensors Segmentation

Figure 2       India Automotive Sensors Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       India Automotive Sensors Market Size, By Value (USD Million), 2019–2029

Figure 5       India Automotive Sensors Market Share, By Sales Channel, By Value, 2019–2 029

Figure 6       India Automotive Sensors Market Share, By Sensor Type, By Value, 2019–2 029

Figure 7       India Automotive Sensors Market Share, By Vehicle Type, By Value, 2019–2 029

Figure 8       India Automotive Sensors Market Share, By Application, By Value, 2019–2 029

List of Tables

Table 1        India Automotive Sensors Market Size, By Value (USD Million), 2019–2 029

Table 2        India Automotive Sensors Market Size, By Sales Channel, By Value, 2019–2 029

Table 3        India Automotive Sensors Market Size, By Sensor Type, By Value, 2019–2 029

Table 4        India Automotive Sensors Market Size, By Vehicle Type, By Value, 2019–2 029

Table 5 India Automotive Sensors Market Size, By Application, By Value, 2019–2 029

Table 6        Autoliv Inc Company Overview

Table 7        Autoliv Inc Financial Overview

Table 8        Robert Bosch Company Overview

Table 9        Robert Bosch Financial Overview

Table 10      Continental Ag Company Overview

Table 11      Continental Ag Financial Overview

Table 12      DENSO Corporation Company Overview

Table 13      DENSO Corporation Financial Overview

Table 14      Delphi Automotive Company Company Overview

Table 15      Delphi Automotive Company Financial Overview

Table 16      Infineon Technologies AG Company Overview

Table 17      Infineon Technologies AG Financial Overview

Table 18      NXP Semiconductor Company Overview

Table 19      NXP Semiconductor Financial Overview

Table 20      Sensata Technologies Company Overview

Table 21      Sensata Technologies Financial Overview

Table 22      STMicroelectronics N.V Company Overview

Table 23      STMicroelectronics N.V Financial Overview

Table 24      Valeo Company Overview

Table 25      Valeo Financial Overview