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Sensors market size in India 2014-2020

The Indian sensor market was forecasted to reach 145 billion U.S. dollars in 2020. In six years, it was expected to grow by over 40 million U.S. dollars. The sensor market in India was one of the fastest-growing sensor markets in the Asia Pacific region. This growth was fueled by the rising demand for IoT connected devices across different verticals.

Application of sensors

The automobile industry is one of the leading consumers of sensors. They are used in a wide variety of applications such as for lane departure warning system, adaptive cruise control system, powertrain, and emission control technologies to name a few. Apart from this growing need for automation for industrial applications, rising security concerns have pushed the use of sensors in this sector. Touch and image sensors are used in tablet PCs, wearables, and smartphones.

What is Internet of Things?

Internet of Things or IoT is a system of interrelated devices that transfer data with each other without human assistance. This is done with the help of sensors, processors, and hardware devices, which were web-enabled. By 2030, it was forecasted that around half a billion devices would be connected over the Internet of Things. This was further propelled by the lower average cost of industrial IoT sensors. The security of sensors was a major hindrance to the success of this sector.

Sensor market size in India from 2014 to 2020

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Sources

Release date

January 2017

Region

India

Survey time period

2014 to 2015

Supplementary notes

The 2020 figure is a forecast.

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