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 |