Emerging Technologies Accelerate Growth for Indian Automotive Electronics
Strategic partnership and government initiatives boost future growth potential
Research Overview
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, Frost & Sullivan 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.
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