India Tire Pressure Sensor And Airbag Sensor Market 2021 Analysis of the World’s Leading Suppliers, Sales, Trends and Forecasts up to 2031
New Study Reports ” India Tire Pressure Sensor And Airbag Sensor Market 2021: Global Key Players, Trends, Share, Industry Size, Segmentation, Opportunities, Forecast To 2031″ has been Added on MarketResearchFuture.
Report Overview
The report on the India Tire Pressure Sensor And Airbag Sensor Market provided based on the recent developments and data that has been collated from the previous year’s looks to provide a thorough understanding. The market overview provided in the initial section looks to provide the reader with adequate information regarding the product and services. It focuses on the market definition along with the product applications and end-user industries. The report covers a period spanning from 2021 to 2031. Competitive analysis and prominent industry trends have been included in the in-depth study provided in the main section of the report.
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.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Sensata Technologies, Inc, Mitsubishi Electric Corporation, Robert Bosch GmbH, Continental AG, and DENSO Corporation and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the India Tire Pressure Sensor And Airbag Sensor.
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Key Takeaways from India Tire Pressure Sensor and Airbag Sensor Market Study
- The Road Transport Ministry of India has notified mandatory installation of safety technologies such as TPMS and airbag systems.
- Manufacturers are focusing on enhancing product line and quality by implementing new technologies and adopting advanced features at economical rates.
- Rapidly growing automotive industry in India is influencing global manufacturers to promote innovative products in terms of wellbeing of people and economy.
- There are jurisdictions in India where it is mandatory for automobile manufacturers to incorporate essential airbag. As widely acknowledged, airbags, in combination with front seat belts, significantly reduce driver and front passenger injury in case of an accident. The driver-side airbag is a mandatory addition in all cars produced from July 2019 onwards.
- Being an easily available technology, manufacturing of tire pressure sensors and airbag sensors can be promoted by the government by incentivizing production in order to meet requirements of the local market. This move would promote the market for tire pressure sensors and airbag sensors, and also help saving precious lives.
- As informed by the Automobile Industry Association, all major original equipment manufacturers (OEMs) have cut down their production by 18-20 percent due to low demand and decline in sales of vehicles as a result of the impact of the COVID-19 pandemic, which has indirectly affected demand for sensors.
- Passenger cars such as compact and mid-sized vehicles, SUVs, luxury vehicles, etc., account for more than 90% demand for tire pressure and airbag sensors, and this share will only get bigger over the next ten years.
“Rising safety concerns and added responsibility of manufacturers to promote new products complying with a whole new set of specific safety norms to prevent fatal and severe road accidents will continue to aid demand growth of tire pressure and airbag sensors to be used in vehicles,” says an analyst of Persistence Market Research.
View Report Table of Contents, Figures, and Tables
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Araia, South Africa etc.)
Key Stakeholders
India Tire Pressure Sensor And Airbag Sensor Market Manufacturers
India Tire Pressure Sensor And Airbag Sensor Market Distributors/Traders/Wholesalers
India Tire Pressure Sensor And Airbag Sensor Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the India Tire Pressure Sensor And Airbag Sensor Market Report:
- The India Tire Pressure Sensor And Airbag Sensor Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the India Tire Pressure Sensor And Airbag Sensor Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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About PersistenceMarketResearch:
PersistenceMarketResearch is an esteemed company with a reputation of serving clients across domains of information technology (IT), healthcare, and chemicals. Our analysts undertake painstaking primary and secondary research to provide a seamless report with a 360 degree perspective. Data is compared against reputed organizations, trustworthy databases, and international surveys for producing impeccable reports backed with graphical and statistical information.
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