The Indian Automotive Sensors Market is gearing up for an exciting ride, projected to reach a whopping US$ 18.78 billion by 2026, with a compelling CAGR of 14.78%. This revelation stems from a thorough analysis that not only delves into market leaders' resilience during the COVID-19 lockdown but also factors in disruptions and adaptations across regions and segments. As we explore the road ahead, let's dissect the key components steering this growth.

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Driving Forces:

Rise in Per Capita Income and Premium Vehicle Demand:

The surge in per capita income is fueling a growing appetite for premium and luxury vehicles. Notably, the year-to-year automotive sales growth rate stood at an impressive  for the 2017-18 fiscal year.

Government Initiatives for Electric and Hybrid Vehicles:

India's National Electric Mobility Mission 2020 has set the stage for accelerated adoption and manufacturing of electric and hybrid vehicles. This, in turn, propels the demand for automotive sensors, albeit challenged by the associated high costs.

Economic Recovery and Infrastructure Development:

Post-demonetization and GST implementation, the Indian economy rebounded with a robust 7.2% growth rate in the final quarter of the 2017-18 financial year. Infrastructure development, streamlining logistics, migration to BS IV emission standards, and restrictions on truck overloading further contribute to the automotive sensor market's growth.

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Market Segmentation: The Indian Automotive Sensors Market undergoes segmentation based on type, vehicle type, and application.

  1. Type Segmentation:

    • Pressure Sensor
    • Temperature Sensor
    • Speed Sensor
    • Position Sensor
    • Inertial Sensor
    • Image Sensor
    • Others

  2. Vehicle Type Segmentation:

    • Passenger vehicles
    • Commercial Vehicles
    • Electric Vehicles
    • Two-Wheelers

  3. Application Segmentation:

    • Powertrain
    • Chassis
    • Exhaust
    • Safety & Control
    • Body Electronics
    • Telematics
    • Others

Innovations and Key Players:

In the quest for differentiation, Original Equipment Manufacturers (OEMs) in the Indian market are integrating advanced features based on sensors. Leading the charge is Continental, a prominent automotive sensor manufacturer. Their Intelligent Battery Sensor, capable of analyzing conventional 12-Volt lead-acid batteries, stands out as a notable advancement, providing crucial insights into battery status.

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Key Players:

Denso Corporation
Infineon Technologies
Bosch
Texas Instruments
Sensata Technologies
Delphi Automotive
CTS Corporation
Maxim Integrated
Freescale
Analog Devices
GE
Continental Automotive
Aleph Automotive Sensors
HITACHI Automotive Systems Americas
Hamlin Electronics
Sensors India
SN Technology
Santech Enterprises
Littlefuse Inc.
Hella KGaA Hueck & Co.
Hyundai Mobis

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