India Automotive Sensors Market Competitive Landscape & Forecast, 2023–2029
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated India automotive sensors market size at USD 1,570.11 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects India automotive sensors market size to grow at a significant CAGR of 14.17% reaching a value of USD 3,940.39 million by 2029. Major growth factors of India automotive sensors market include increasing focus on passenger, pedestrian, and vehicle safety in the country, high disposable income in India, the entry of foreign auto manufacturers increasing adoption of autonomous vehicles and growing government regulations on emission control. The government has mandated a few features, such as Reverse Parking Assist, which could aid market growth. Similarly, rising usage of ADAS systems in both passenger and commercial vehicles is expected to propel the market. Besides, the entrance of electric vehicles will drastically alter th...