Strategic Partnership and Government Initiatives Boost Future Growth Potential
Continuous innovation and development in the automotive industry have made electronics an inevitable part of the transition from conventional mechanical systems to electronic systems. Automotive electronics development for different vehicular applications such as body electronics, safety, entertainment, electrification, and driver assistance contribute to rapid market growth. The current automotive industry trends toward connected, autonomous, shared, and electric (CASE) convergence have automotive electronics as the primary enabler.
The Indian automotive electronics market imports about 65%-70% of electronic components for vehicles due to the unfavorable manufacturing and distribution ecosystem. However, various government and industry initiatives to strengthen the ecosystem are rectifying this situation.
In this report, the publisher highlights critical short, medium, and long-term electronics technologies Indian suppliers should focus on. Focusing on sensor and actuator technologies will address a vast market potential worth $9,214.7 million.
Short-term technologies contributing to market growth include the anti-lock braking system (ABS), body control module (BCM), and immobilizer. The medium-term technologies are telematics, tire pressure monitoring system (TPMS), and motor controllers/battery management system (BMS).
The report details technologies, major components, value chain, and current and forecast market size while offering opportunity analysis and recommendations for all technologies. It also highlights action plans and industry roadmaps for different value chain partners, including the Indian government.
Topics this study covers include:
- Expected Indian auto electronics market growth by 2025 based on crucial sensor technologies and actuators
- Development strategies of Indian auto electronics suppliers to address market opportunities
- Roles of value chain partners and the government in establishing a robust electronics system in the country by 2025
