2020 India Sensors Market Forecast and Opportunities
August 5, 2015 | PRNewswireEstimated reading time: 1 minute
India sensors market is one of the fastest growing markets in Asia-Pacific. Rising security concerns and growing trend towards miniaturization are shifting the focus of consumers to smart devices, which make extensive use of various sensors, in particular, touch and image sensors. Increase in sales of consumer electronics and medical devices is also contributing to growth of sensors market in the country. Further, automation in manufacturing sector is being driven by growing need for energy efficiency and complying with related government regulations. As sensors help in reducing energy consumption and wastage, while also reducing maintenance costs, the manufacturers are increasingly installing sensors in their manufacturing units.
According to "India Sensors Market Forecast & Opportunities, 2020", the country's sensor market is projected to grow at a CAGR over 20% through 2020. Consumer electronics, automotive, industrial and healthcare sectors are the key application areas for sensors in the country. In addition, adoption of MEMS technology in sensors is growing across various new application segments. Growing trend of Internet-of-things (IOT), to connect physical objects wirelessly to internet, is also boosting use of sensors in physical objects. Growing use of combination inertial sensors in Heating, Ventilation and Air-Conditioning (HVAC) industry is also one of the major drivers for the sensors market in the country. In 2014, STMicroelectronics held the largest share in the country's sensors market. "India Sensors Market Forecast & Opportunities, 2020" discusses the following aspects of the sensor market in India:
- India Sensors Market Size, Share & Forecast
- Segmental Analysis - By Sensor Type, By Application
- Policy & Regulatory Landscape
- Changing Market Trends & Emerging Opportunities
- Competitive Landscape & Strategic Recommendations
Suggested Items
IDC Forecasts Slower Growth for Global Telecommunications Services Market: Could AI Help Telcos to Maintain Healthy Margins?
05/08/2024 | IDCWorldwide spending on Telecom Services and Pay TV Services reached $1,509 billion in 2023, an increase of 2.1% over 2022, according to the International Data Corporation (IDC) Worldwide Semiannual Telecom Services Tracker.
Simbe Partners with Plexus to Scale Manufacturing and Meet Global Retail Demand
05/08/2024 | Globe NewswireSimbe, the leading provider of Store Intelligence™ solutions that increase retailer performance through unprecedented visibility and insights, today announced a partnership with Plexus Corp. to bring its best-in-class retail robotics-as-a-service to market quickly and at global scale.
IDTechEx Discusses Low-Loss Materials: The Enabler of Future Connected Vehicles?
05/06/2024 | IDTechExFuture connected vehicles will offer future drivers a safer, smoother, and more convenient driving experience. Not only will drivers get access to more navigation and entertainment options, but they will also gain access to safety technologies that will potentially reduce accidents, improve congestion, and reduce emissions globally by allowing vehicle safety systems to communicate with each other and with city traffic infrastructure.
HBM Prices to Increase by 5–10% in 2025, Accounting for Over 30% of Total DRAM Value
05/06/2024 | TrendForceAvril Wu, TrendForce Senior Research Vice President, reports that the HBM market is poised for robust growth, driven by significant pricing premiums and increased capacity needs for AI chips.
Tablet Shipments Show Signs of Recovery in Q1 2024
05/06/2024 | IDCAfter more than two years of decline, worldwide tablet shipments posted modest year-over-year growth of 0.5% in the first quarter of 2024 (1Q24), totaling 30.8 million units, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.