The India tire pressure sensor and airbag sensor market is estimated to expand at an impressive CAGR of more than 8% over the forecast period of 2021-2031.
Rising safety and security concerns of vehicle occupants and strict government regulations are resulting in mounting usage of tire pressure sensors and airbag sensors in vehicles, especially passenger vehicles, in India. The combination of new regulations and the Global New Car Assessment Program’s (NCAP) ‘Safer Cars for India’ project is raising consumer demand for critical safety features such as airbags and tire pressure sensors, and acting as an impetus for global automakers. The automotive sector has witnessed significant growth over the past years, and this growth is estimated to persevere over the coming years as well.
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FACTS AT A GLANCE
Companies: Sensata Technologies, Inc, Mitsubishi Electric Corporation, Robert Bosch GmbH, Continental AG, and DENSO Corporation.
Coverage: All major geographies and key segments
Segments: India Tire Pressure Sensor and Airbag Sensor Market Segmented Mechanical Airbag Sensors, Electrical Airbag Sensors, Tire Pressure Sensors in Passenger Cars, Commercial Vehicles Type
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Geographies: North America (U.S., Canada),Latin America (Mexico, Brazil, Argentina, Chile, Peru),Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe),CIS and Russia,Asia-Pacific (China, India, ASEAN, South Korea),Japan,Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
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ABSTRACT-
Persistence Market Research recently published a report on the India tire pressure sensor and airbag sensor market. The report provides detailed valuation on key market dynamics, such as the drivers, trends, opportunities, and restraints, along with detailed information about the market structure. This market research report presents exclusive facts and figures about how the India tire pressure sensor and airbag sensor market will grow over the forecast period of 2021 to 2031.
Key indicators of market background, such as value chain analysis and supply chain, compounded annual growth rate (CAGR), and year-on-year (Y-o-Y) growth of the market are explained in Persistence Market Research’s study in a comprehensive manner. This information can help readers understand the quantitative development projections of the India tire pressure sensor and airbag sensor market over the forecast period.
The study is relevant for stakeholders in the market, as well as manufacturers, distributors, suppliers, and investors, as it can help them understand the applicable strategies to grow in the market. Stakeholders, investors, industry experts, researchers, and journalists, as well as business researchers in the India tire pressure sensor and airbag sensor market can leverage the information and statistics presented in Persistence Market Research’s report.
The report includes facts and figures related to the macro- as well as micro-economic factors that are impacting the growth of the market. The study also offers actionable insights based on the future trends in the India tire pressure sensor and airbag sensor market. Furthermore, regional players and new entrants in the market can also use the information presented in this report to make business decisions and gain momentum in this space.
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