India sensors market is one of the |
Forecast & Opportunities , 2020 ”, the |
fastest growing markets in Asia-Pacific . |
country ’ s sensor market is projected to |
Rising security concerns and growing |
grow at a CAGR over 20 % through |
trend towards miniaturization are |
2020 . Consumer electronics , |
shifting the focus of consumers to smart |
automotive , industrial and healthcare |
devices , which make extensive use of |
sectors are the key application areas for |
various sensors , in particular , touch and |
sensors in the country . In addition , |
image sensors . Increase in sales of |
adoption of MEMS technology in |
consumer electronics and medical |
sensors is growing across various new |
devices is also contributing to growth of |
application segments . Growing trend of |
sensors market in the country . Further , |
Internet-of-things ( IOT ), to connect |
automation in manufacturing sector is |
physical objects wirelessly to internet , is |
being driven by growing need for energy |
also boosting use of sensors in physical |
efficiency and complying with related |
objects . Growing use of combination |
government regulations . As sensors |
inertial sensors in Heating , Ventilation |
help in reducing energy consumption |
and Air-Conditioning ( HVAC ) industry is |
and wastage , while also reducing |
also one of the major drivers for the |
maintenance costs , the manufacturers |
sensors market in the country . In 2014 , |
are increasingly installing sensors in |
STMicroelectronics held the largest |
their manufacturing units . |
share in the country ’ s sensors market . |
According to “ India Sensors Market | |
Increasing demand for safety solutions |
automation and frequent criminal |
coupled with growing sales of consumer |
activities , have resulted in higher |
electronics to drive sensor demand in |
demand for security products and |
India through 2020 . According to a |
services . Electronic security equipment |
recently released TechSci Research |
market is increasing shifting towards |
report , “ India Sensors Market Forecast |
integrated security solutions comprising |
and Opportunities , 2020 ”, the country ’ s |
multiple systems including video |
sensors market in India is projected to |
analytics , access control , HVAC , |
register a CAGR of over 20 % during |
chemical and biological sensors , image |
2015-20 . The market is expected to |
sensors , etc ., thereby boosting the |
witness tremendous growth on account |
demand for sensors in the country . India |
of rising automotive sales , growing need |
sensors market is being dominated by |
for automatization in industries , |
major global sensor players , which |
increasing security concerns and |
operate in the country through |
ongoing technological developments in |
subsidiaries and design centers . |
consumer electronics . Over the past few |
“ Growing trend of miniaturization is |
years , India has witnessed robust |
resulting in rapid technological |
growth in adoption of high-end |
advancements and digitization , making |
technology products such as tablet PCs , |
consumer electronic products smaller |
smartphones and wearable devices , |
and smarter . Moreover , sensor |
which make extensive use of touch and |
technology has undergone radical |
image sensors . Working professionals , |
changes , globally , during the last few |
especially younger population , are |
years , which has been driving use of |
increasingly shifting towards portable |
sensors in consumer electronics . |
and smart devices , which are easy-to- |
Increasing demand for compact and |
carry and use , as well as efficient and |
lighter product versions offering better |
accurate . In consonance with these |
functionality is pushing manufacturers |
factors , the market for smartphones and |
to innovate and use combination sensor |
tablets is expected to continue to grow |
technologies , thereby driving the |
over the forecast period , simultaneously |
sensors market in India .”, said Mr . Karan |
driving demand for sensors . |
Chechi , Research Director with TechSci |
Growing concerns regarding safety and |
Research , a research based global |
security across residential , commercial |
management consulting firm . |
and industrial segments , due to factory | |