India Tire Pressure Sensor and Airbag Sensor Market: Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released a comprehensive report on the India Tire Pressure Sensor and Airbag Sensor Market. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

India Tire Pressure Sensor and Airbag Sensor Market Size (2024E): USD 340.4 Million
Projected Market Value (2033F): USD 686.2 Million
India Market Growth Rate (CAGR 2024 to 2033): 8.1%

India Tire Pressure Sensor and Airbag Sensor Market - Report Scope:

Tire pressure sensors and airbag sensors are crucial for vehicle safety systems, enhancing driver and passenger safety by monitoring tire pressure and deploying airbags in the event of a collision. The market caters to automobile manufacturers, aftermarket service providers, and consumers, offering a range of sensor types, including direct and indirect tire pressure monitoring systems (TPMS) and various airbag sensors.

Market Growth Drivers:

The India Tire Pressure Sensor and Airbag Sensor Market is propelled by several key factors, including increasing vehicle safety regulations, rising awareness about road safety, and growing automobile production. The enforcement of stringent safety norms by regulatory bodies, such as the Bharat New Vehicle Safety Assessment Program (BNVSAP), mandates the inclusion of TPMS and airbags in new vehicles, driving market expansion. Furthermore, the rising disposable income and growing middle-class population in India are leading to increased automobile sales, boosting the demand for advanced safety features.

Technological advancements, such as the integration of TPMS with telematics systems and the development of smart airbag sensors, enhance vehicle safety and fuel efficiency, fostering market growth. The adoption of electric vehicles (EVs) and connected car technologies further accelerates the demand for innovative sensor solutions.

Market Restraints:

Despite promising growth prospects, the market faces challenges related to high costs and technological complexities. The cost of implementing TPMS and airbag sensors in vehicles can be significant, impacting market penetration, particularly in the low-cost vehicle segment. Additionally, technical issues such as sensor calibration, battery life, and signal interference pose challenges to the effective functioning of these systems.

Market Opportunities:

The India Tire Pressure Sensor and Airbag Sensor Market presents significant growth opportunities driven by technological innovations, government initiatives, and the increasing adoption of advanced driver-assistance systems (ADAS). The government's focus on reducing road accidents and fatalities through safety campaigns and subsidies for safety equipment installation provides a conducive environment for market growth.

The development of low-cost, reliable sensor solutions tailored for the Indian market, along with strategic partnerships between sensor manufacturers and automobile companies, is essential to capitalize on emerging opportunities. Investment in research and development, coupled with the introduction of user-friendly, cost-effective sensor technologies, will sustain market leadership in this dynamic landscape.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the India Tire Pressure Sensor and Airbag Sensor Market?
Which sensor types and applications are driving the adoption across different vehicle segments?
How are technological advancements reshaping the competitive landscape of the market?
Who are the key players contributing to the market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the India Tire Pressure Sensor and Airbag Sensor Market?

Competitive Intelligence and Business Strategy:

Leading players in the India Tire Pressure Sensor and Airbag Sensor Market, including Continental AG, Denso Corporation, and Robert Bosch GmbH, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced sensor solutions, including smart TPMS and adaptive airbag systems, catering to diverse vehicle needs and safety requirements. Collaborations with automobile manufacturers, technology providers, and regulatory agencies facilitate market access and promote technology adoption. Moreover, emphasis on cost reduction, localization, and customer education fosters market growth and enhances vehicle safety in the rapidly evolving Indian automotive landscape.

Key Companies Profiled:

Continental AG
DENSO Corporation
Hella GmbH and Co. KGaA.
Infineon Technologies AG.
Mitsubishi Electric Corporation
NXP Semiconductors NV.
Robert Bosch GmbH
Toyoda Gosei Co. Ltd
ZF Friedrichshafen AG
Sensata Technologies, Inc

India Tire Pressure Sensor and Airbag Sensor Market by Category

Sensor Type:

Airbag Sensors
Tire Pressure Sensors

Vehicle Type:

Passenger Cars
Commercial Vehicles

Sales Channel:

OEM
Aftermarket

Product Code: PMRREP32295

1. Executive Summary

1.1. India Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Success Factors

3.1. Product Adoption / Usage Analysis
3.2. Product USPs / Features

4. India Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033

4.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
4.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 4.2.1. Y-o-Y Growth Trend Analysis
- 4.2.2. Absolute $ Opportunity Analysis

5. India Market- Pricing Analysis

5.1. India Average Pricing Analysis Benchmark

6. India Market Demand (in Value or Size in US$ Mn) Analysis 2019-2023 and Forecast, 2024-2033

6.1. Historical Market Value (US$ Mn) Analysis, 2019-2023
6.2. Current and Future Market Value (US$ Mn) Projections, 2024-2033
- 6.2.1. Y-o-Y Growth Trend Analysis
- 6.2.2. Absolute $ Opportunity Analysis

7. Market Background

7.1. Macro-Economic Factors
- 7.1.1. India Automotive Production overview
- 7.1.2. India Automotive Sales overview
- 7.1.3. Other Macro Economic Factors
7.2. Forecast Factors - Relevance & Impact
- 7.2.1. Top Companies Historical Growth
- 7.2.2. India Population Growth Outlook
- 7.2.3. India Automotive industry Growth Outlook
- 7.2.4. Business Climate
7.3. Value Chain
- 7.3.1. Raw Material Suppliers
- 7.3.2. Product Manufacturers & Distributors
7.4. COVID-19 Crisis - Impact Assessment
- 7.4.1. Current Statistics
- 7.4.2. Short-Mid-Long Term Outlook
- 7.4.3. Likely Rebound
7.5. Market Dynamics
- 7.5.1. Drivers
- 7.5.2. Restraints
- 7.5.3. Opportunity Analysis

8. India Market Analysis 2019-2023 and Forecast 2024-2033, by Sensor Type

8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) and Volume Analysis By Sensor Type, 2019-2023
8.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Sensor Type, 2024-2033
- 8.3.1. Airbag Sensors
  - 8.3.1.1. Mechanical
  - 8.3.1.2. Electrical
- 8.3.2. Tire Pressure Sensor
8.4. Market Attractiveness Analysis By Product Type

9. India Market Analysis 2019-2023 and Forecast 2024-2033, by Vehicle Type

9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Vehicle Type, 2019-2023
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Vehicle Type, 2024-2033
- 9.3.1. Passenger Car
  - 9.3.1.1. Compact
  - 9.3.1.2. Mid-Sized
  - 9.3.1.3. SUV
  - 9.3.1.4. Luxury
- 9.3.2. Commercial Vehicle
9.4. Market Attractiveness Analysis By Vehicle Type

10. India Market Analysis 2019-2023 and Forecast 2024-2033, by Sales Channel

10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Sales Channel, 2019-2023
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Sales Channel, 2024-2033
- 10.3.1. OEM
- 10.3.2. Aftermarket
10.4. Market Attractiveness Analysis By Sales Channel

11. Market Structure Analysis

11.1. Market Analysis by Tier of Companies
11.2. Market Share Analysis of Top Players
11.3. Market Presence Analysis

12. Competition Analysis

12.1. Competition Dashboard
12.2. Competition Benchmarking
12.3. Competition Deep Dive
- 12.3.1. Analog Devices Inc.
  - 12.3.1.1. Overview
  - 12.3.1.2. Product Portfolio
  - 12.3.1.3. Profitability by Market Segments (Product/Channel/Region)
  - 12.3.1.4. Sales Footprint
  - 12.3.1.5. Strategy Overview
  - 12.3.1.6. Marketing Strategy
  - 12.3.1.7. Product Strategy
  - 12.3.1.8. Channel Strategy
- 12.3.2. Continental AG
  - 12.3.2.1. Overview
  - 12.3.2.2. Product Portfolio
  - 12.3.2.3. Profitability by Market Segments (Product/Channel/Region)
  - 12.3.2.4. Sales Footprint
  - 12.3.2.5. Strategy Overview
  - 12.3.2.6. Marketing Strategy
  - 12.3.2.7. Product Strategy
  - 12.3.2.8. Channel Strategy
- 12.3.3. DENSO Corp
  - 12.3.3.1. Overview
  - 12.3.3.2. Product Portfolio
  - 12.3.3.3. Profitability by Market Segments (Product/Channel/Region)
  - 12.3.3.4. Sales Footprint
  - 12.3.3.5. Strategy Overview
  - 12.3.3.6. Marketing Strategy
  - 12.3.3.7. Product Strategy
  - 12.3.3.8. Channel Strategy
- 12.3.4. Hella GmbH and Co. KGaA
  - 12.3.4.1. Overview
  - 12.3.4.2. Product Portfolio
  - 12.3.4.3. Profitability by Market Segments (Product/Channel/Region)
  - 12.3.4.4. Sales Footprint
  - 12.3.4.5. Strategy Overview
  - 12.3.4.6. Marketing Strategy
  - 12.3.4.7. Product Strategy
  - 12.3.4.8. Channel Strategy
- 12.3.5. Infineon Technologies AG
  - 12.3.5.1. Overview
  - 12.3.5.2. Product Portfolio
  - 12.3.5.3. Profitability by Market Segments (Product/Channel/Region)
  - 12.3.5.4. Sales Footprint
  - 12.3.5.5. Strategy Overview
  - 12.3.5.6. Marketing Strategy
  - 12.3.5.7. Product Strategy
  - 12.3.5.8. Channel Strategy
- 12.3.6. Mitsubishi Electric Corp.
  - 12.3.6.1. Overview
  - 12.3.6.2. Product Portfolio
  - 12.3.6.3. Profitability by Market Segments (Product/Channel/Region)
  - 12.3.6.4. Sales Footprint
  - 12.3.6.5. Strategy Overview
  - 12.3.6.6. Marketing Strategy
  - 12.3.6.7. Product Strategy
  - 12.3.6.8. Channel Strategy
- 12.3.7. NXP Semiconductors NV
  - 12.3.7.1. Overview
  - 12.3.7.2. Product Portfolio
  - 12.3.7.3. Profitability by Market Segments (Product/Channel/Region)
  - 12.3.7.4. Sales Footprint
  - 12.3.7.5. Strategy Overview
  - 12.3.7.6. Marketing Strategy
  - 12.3.7.7. Product Strategy
  - 12.3.7.8. Channel Strategy
- 12.3.8. Robert Bosch GmbH
  - 12.3.8.1. Overview
  - 12.3.8.2. Product Portfolio
  - 12.3.8.3. Profitability by Market Segments (Product/Channel/Region)
  - 12.3.8.4. Sales Footprint
  - 12.3.8.5. Strategy Overview
  - 12.3.8.6. Marketing Strategy
  - 12.3.8.7. Product Strategy
  - 12.3.8.8. Channel Strategy
- 12.3.9. Toyoda Gosei Co. Ltd
  - 12.3.9.1. Overview
  - 12.3.9.2. Product Portfolio
  - 12.3.9.3. Profitability by Market Segments (Product/Channel/Region)
  - 12.3.9.4. Sales Footprint
  - 12.3.9.5. Strategy Overview
  - 12.3.9.6. Marketing Strategy
  - 12.3.9.7. Product Strategy
  - 12.3.9.8. Channel Strategy
- 12.3.10. ZF Friedrichshafen AG
  - 12.3.10.1. Overview
  - 12.3.10.2. Product Portfolio
  - 12.3.10.3. Profitability by Market Segments (Product/Channel/Region)
  - 12.3.10.4. Sales Footprint
  - 12.3.10.5. Strategy Overview
  - 12.3.10.6. Marketing Strategy
  - 12.3.10.7. Product Strategy
  - 12.3.10.8. Channel Strategy
- 12.3.11. Sensata Technologies, Inc
  - 12.3.11.1. Overview
  - 12.3.11.2. Product Portfolio
  - 12.3.11.3. Profitability by Market Segments (Product/Channel/Region)
  - 12.3.11.4. Sales Footprint
  - 12.3.11.5. Strategy Overview
  - 12.3.11.6. Marketing Strategy
  - 12.3.11.7. Product Strategy
  - 12.3.11.8. Channel Strategy