Indian electronic sensors market is projected to grow at a at a CAGR of 10.5% CAGR during the forecast period (2020-2026). The consumer electronics sector is one of the major sectors using electronic sensor technology in the country. Therefore, the significant growth in the consumer electronics sector in the country provides ample growth opportunities to the market in the country. As per the Department of Information Technology, the total production of electronics hardware products in India is estimated to reach $104 billion by 2020 owing to the growing demand for advanced TVs, mobile phones, computers, and defense-related electronic equipment. Therefore, the increasing growth in the production of electronics further provides significant demand for electronic sensors in the country.
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The growing demand coupled with government support for the electronic sector has encouraged domestic players to invest in the sector. The government has placed electronics manufacturing on high priority with a major focus on initiatives such as Digital India, Make in India, and supportive FDI policies to bolster electronic manufacturing. Initiatives such as Make in India, Digital India, PLI scheme will provide quantifiable benefits and bring about intangible benefits, in terms of the changed mindset of foreign investors towards the country. The government is focused on setting up wafer fabrication on a commercial basis and has received the applications of two consortia (IBM, Jaypee Group, TowerJazz; ST Microelectronics, HSMC) to establish semiconductor wafer fabrication units in Gujarat and Noida that further boost the electronic sector in the country
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Indian electronic sensors Market – Segmentation
By Type
· Image Sensor
· Temperature Sensor
· Pressure Sensor
· Motion Sensor
· Biometric Sensor
· Others (Proximity Sensors)
By Application
· Consumer Electronics
· Automotive & Other Transportation
· Industrial
· IT & Telecom
· Healthcare
· Aerospace & Defence
· Others
Company Profiles
· Canon, Inc.
· Infineon Technologies AG
· Himax Technologies, Inc.
· Murata Manufacturing Co., Ltd.
· NXP Semiconductors N.V.
· OMRON Corp.
· Panasonic Corp.
· Robert Bosch GmbH
· Sony Corp.
· Samsung Electronics Co., Ltd.
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