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.
Browse the full report description Indian Electronic Sensors Market Size, Share & Trends Analysis Report by Type (Image Sensor, Temperature Sensor, Pressure Sensor, Motion Sensor, Biometric Sensor, and Others), By Application (Consumer Electronics, Automotive & Transportation, Industrial, IT & Telecom, Healthcare, Aerospace & Defence, and Others) and Forecast 2020-2026 at https://www.omrglobal.com/industry-reports/indian-electronic-sensors-market
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
Market Coverage
|
Report Elements |
Details |
|
Study Period |
2019-2026 |
|
Base year |
2019 |
|
Forecast period |
2020-2026 |
|
Segments Covered |
By Type, and by Application |
|
Key Companies Profiled |
Sony Corp., Samsung Electronics Co., Ltd., NXP Semiconductors N.V., Infineon Technologies AG, Hamamatsu
Photonics K.K, Robert Bosch
GmbH, and others |
Key questions addressed by the report
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected segment
o Recommendations
Indian electronic sensors Market – Segmentation
By Type
By Application
To learn more about this report request a free sample copy
@ https://www.omrglobal.com/request-sample/indian-electronic-sensors-market