India Automotive Sensors Market Report, Growth, Trends, And Forecast 2016-2027
The India Automotive Sensors market is expected to reach USD 2366 30 million by the end of 2027 by registering a CAGR of 12 04 during the forecast period This is primarily attributed to factors such as r ising disposable income across the middle class population is driving the market growth of automotive sensors in India Companies operating in the industry are offering various types of automotive sensors which are designed to monitor the vehicle’s powertrain, passenger compartment, speed and suspension, emissions, and others Additionally, government of India, under the National Electric Mobility Mission 2020 has formulated a scheme for faster manufacturing and adoption of hybrid and electric vehicles in India
Cars segment is slated to account for a share of 83 in 2019 in the India automotive sensors market The segment is expected to dominate the market throughout the forecast period The growth of the segment can be attributed to to t he upsurge in demand for safe vehicles has directly fueled the demand for automobiles sensors in India In addition, the augmented purchasing power of consumers across India has also increased the demand for automobiles with enhanced safety and advanced features boosting the growth of car segment throughout the forecast period
Read Full Report Description: https://www.shingetsuresearch.com/india-automotive-sensors-market/