Market Overview
- The India Sensors market was valued at USD 5,628.75 million in 2023 and is predicted to reach USD 13,368.72 million by 2032, with a CAGR of 10.3% from 2024 to 2032.
- A sensor is a device that detects a signal or stimulus and replies with an electrical signal. The output signals correlate to certain types of electrical signals, such as current or voltage. The sensor is a device that receives various types of signals, such as physical, chemical, or biological signals, and converts them into electrical signals. Sensors are grouped into distinct types based on their applications, input signal, and conversion mechanism, as well as sensor attributes like cost, accuracy, and range. Sensors are employed in everyday life. For example, a mercury thermometer is a very old sort of temperature sensor. Using colored mercury in a closed tube, it relies on the chemical’s steady and linear reaction to temperature variations. We can determine the temperature of the tube by labeling it with temperature readings and using a thermometer. The precision is slightly limited due to the visible size of the scale markers, but it is adequate for the intended purpose.
- The widespread adoption of Big Data analytics, edge computing, manufacturing automation systems, 3D printing, virtual simulation, IoT, and other cutting-edge technology is transforming the organization. Industry 4.0 has the potential to change manufacturing organizations. Different industrial processes are monitored via sensors. It is used, for example, in the power grid to detect power outages. Using this data, alerts are given to residents and businesses, allowing them to take steps for their own safety. Although IoT and Industry 4.0 adoption in manufacturing is still in its infancy, there are significant potential benefits. Sensors are a key enabler of this transition, and they are likely to become even more important in the future.
Market Segment insights
- Based on sensor type, the India sensors market has been segmented into applied sensors, basic sensors and emerging sensors.
- Based on application, the India sensors market has been segmented into consumer electronics, healthcare, industrial, agriculture, automotive, aerospace & defense and others.
Major Players
- The study’s major vendors include Texas Instruments Incorporated, STMicroelectronics, Murata Manufacturing Co., Ltd., TE Connectivity, NXP Semiconductors, Vishay Inter Technology, Inc, TURCK India Automation Pvt. Ltd., Sensorex India, Honeywell International Inc., and WIKA Instruments India Pvt. Ltd.