India Tire Pressure Sensor and Airbag Sensor Market Analysis and Review by Sensor Type (Airbag Sensors and Tire Pressure Sensors)
Industry: Automotive
Published Date: December-2022
Format: PPT*, PDF, EXCEL
Delivery Timelines: Contact Sales
Number of Pages: 200
Report ID: PMRREP32295
The CAGR of 8.2% is projected for the India tire pressure sensor and airbag sensor market during the forecast period. The market is estimated to be valued at US$ 311.3 Mn in 2023. The market value of the India tire pressure sensor and airbag sensor market is anticipated to reach US$ 684.6 Mn by 2033. A historical CAGR of 4.1% has been recorded by Persistence Market Research experts in their respective reports.
The Indian market for tire pressure sensors and airbag sensors is correlated with the sales of passenger car and commercial vehicles. Smart cities and technologically advanced systems are proliferating due to rapid urbanization and increasing electrification in the automotive industry. This drives demand for energy-efficient, high-quality, high-performance solutions that provide comfort and convenience to vehicle owners.
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India Tire Pressure Sensor and Airbag Sensor Market Value (2022A) |
US$ 285.0 Mn |
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India Tire Pressure Sensor and Airbag Sensor Market Sales (2023E) |
US$ 311.3 Mn |
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India Tire Pressure Sensor and Airbag Sensor Market Forecast (2033F) |
US$ 684.6 Mn |
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Value CAGR (2023-2033) |
8.2% |
Safety factors in vehicles has become increasingly important in recent years as consumers are preferring to use advanced products that make them more comfortable and safer. In addition, government regulations on passenger safety are increasing the demand for automated vehicles, and we anticipate a strong demand for airbag and tire pressure sensors worldwide.
The Government of India is working to improve road safety in the form of schemes such as the Bharat New Vehicle Safety Assessment Program (BNVSAP). It is the Indian version of the global New Car Assessment Program (NCAP), where cars are given a star rating based on their safety features. The program includes front and rear crash tests and requires the installation of mandatory safety features such as airbag sensors, tire pressure sensors and ABS on vehicles, especially passenger cars.
There was a time when large number of deaths were occurring due to accidents related to driver behavior, vehicle design, road engineering, and traffic hazards. The alarming increase in traffic fatalities is causing concern in many sectors of society. For this reason, driver behavior has been governed by laws, fines, signals, and drunk driving arrests to reduce the number of fatalities. It took decades to understand, prioritize and minimize these risk factors.
Earlier, India lagged behind the U.S. and U.K. when it comes to vehicle safety standards. But now, the Indian government is actively working to introduce stringent new regulations and updating the existing regulations to reduce road fatalities and make it safer for the public. New advanced safety features, previously reserved only for luxury vehicles, are gradually becoming mandatory for all vehicles. To bring all the safety features in vehicles without increasing overall cost became one of the main concerns of all manufacturers due to mandated regarding safety features required in all models.
Manufacturers are now looking to improve their airbag sensor design techniques. This reduces the weight of the cushion, improves its foldability, and facilitates the development of advanced airbags. Also in terms of safety, the number of airbags per vehicle has increased significantly, and now many mass market models come with six standard airbags. Some automakers are adding even more airbags to some vehicle models as part of a strategy to improve occupant safety. Apart from the widespread driver and passenger airbags, some modern vehicles include knee airbags, side airbags, curtain side airbags, center airbags, rear curtain airbags, and seat cushion airbags. In addition, the implementation of TPMS is also progressing. TPMS includes sending live his tire pressure data to the cloud using his AI predictive analysis of tire life to alert drivers and fleet managers of potential problems. Such advancements are expected to boost the demand for tire pressure sensors and airbag sensors in the coming years.
The automotive industry is growing rapidly in India, so the country offers great opportunities for market growth. The growth of this market in India is due to increased production of passenger vehicles and increasing public awareness of safety. Rising demand for automated luxury vehicles in the country is expected to boost the demand for domestic airbag sensors and tire pressure sensors in the coming years.
The COVID-19 pandemic has created a huge demand for passenger cars as people look for safer and comfortable transportation. As reported by the Automobile Industry Associations all major original equipment manufacturers (OEMs) have slowed production due to low demand and declining car sales due to impact of COVID-19 which affected the tire pressure sensor and airbag sensor market in the country.
Governments around the world have enacted strict regulations to reduce traffic accidents. At the same time, manufacturers need to expand their product lines and customize their products according to government regulations. This will increase the demand for customized vehicles and increase the demand for airbag sensors and tire pressure sensors. The Government of India has taken a number of initiatives to improve road safety, such as Bharat New Vehicle Safety Assessment Program (BNVSAP). This is similar to the global New Car Assessment Program (NCAP), where cars receive star ratings based on their safety features. The program includes front and rear crash tests and requires mandatory safety features such as airbag sensors, tire pressure sensors and ABS. Such regulatory standards will complement the sale of tire pressure sensors and airbag sensors in future.
How big is the opportunity for airbag sensors in India?
As safety concerns are growing and road safety standards are introduced to reduce the number of road accidents, automotive manufacturers are equipping all new car models with airbag sensors. Airbags can be of great help during a serious accident to reduce the extent of injury. The Union Road Transport Ministry is taking efforts and is trying to curb road accidents by making airbag sensors mandatory. These factors have created lucrative opportunities for the Indian airbag sensor market.
What is the outlook for airbag sensors in passenger cars?
Airbag sensors will find increased application in passenger cars as Indian passenger car users make up the majority of the vehicle fleet. Moreover, with the number of traffic accidents that have occurred in the country in recent years, safety is now considered as top priority. Automotive manufacturers are developing passenger car airbag sensors for applications such as passenger airbag modules, driver airbag modules, inflatable seat belt modules, knee bolster airbag modules, and pedestrian airbag modules. These efforts highlight the importance of airbag sensors in passenger vehicles. Therefore, more than 90% of his tire pressure and airbag sensors used in India are expected to be for passenger cars.
How are sales of tire pressure sensors expected to shape up the Indian market?
Tire pressure sensors (TPMS) provide drivers with real-time data insights to create favorable driving conditions, thereby reducing the risks associated with under-inflated tires. In populated country like India, where driver safety is crucial, the need for tire pressure sensors is increasing due to the increase in high-speed vehicles and road networks. These sensors warn of tire wear and are becoming an important factor in reducing accidents caused by tire pressure.
Opportunities in India tire pressure sensor and airbag sensor market
According to Persistence Market Research, the development trend for airbags looks very promising due to their wide range of uses, from airplane seats to motorcycle helmets. In future, airbag sensors will be more economical to manufacture which will be lighter in weight also it will include a smaller, more integrated and improved components. The diversity of capabilities of tire-mounted sensors that sense more than air pressure and temperature will enable these sensors to detect both vehicle load and road conditions, creating significant market growth opportunities.
Technological advancements and government agency offerings in some regions have acted as catalysts for the growth of the Indian tire pressure sensor and airbag sensor market. Advancements and growing safety concerns could lead to increased sales and government support. Manufacturers improve the quality of their products by introducing new and safer technologies at economical prices. The tire pressure sensor and airbag sensor markets are highly integrated in nature.
Some of the major companies operating in this sector are Continental AG, DENSO Corporation, Hella GmbH and Co. KGaA., Infineon Technologies AG., Mitsubishi Electric Corporation, NXP Semiconductors NV., Robert Bosch GmbH and others.
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Attribute |
Details |
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Forecast Period |
2023-2033 |
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Historical Data Available for |
2017-2022 |
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Market Analysis |
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Key Regions Covered |
India |
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Key Segments Covered |
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Key Companies Profiled |
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Report Coverage |
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Customization & Pricing |
Available upon Reque |
Sensor Type:
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As automotive production in India has been growing over the years, the OEM sales channel has remained the most lucrative, with an increasing number of vehicles coming with integrated TPMS systems in India.
Some of the leading companies manufacturing tire pressure and airbag sensors are Robert Bosch GmbH, Toyoda Gosei Co. Ltd, ZF Friedrichshafen AG, and Sensata Technologies, Inc.
