India Automotive Electronics Market Overview, 2029

The Indian automotive electronics industry is now growing significantly and changing quickly due to a number of factors. A major factor contributing to this expansion is the rising need for cars with cutting-edge electrical systems. Vehicles with advanced electronic technologies, like infotainment systems, advanced driver assistance systems (ADAS), and connectivity solutions, are in high demand due to factors like rising disposable incomes, shifting consumer preferences, and increased awareness of safety and convenience features. Government laws requiring strict pollution and safety requirements are hastening the integration of electronic technology into automobiles. To comply with these legal obligations and improve the environmental, economical, and safety aspects of their cars, automakers are spending a lot of money on R&D. The automotive electronics industry is seeing substantial growth due to the fast rise of the electric and hybrid vehicle sectors in India. An increasing number of people are interested in electric powertrains, battery technology, and charging infrastructure due to the government's push for electric mobility and incentives for the use of electric vehicles. The development of the automotive electronics market has been further fueled by this increasing investment and innovation in electric vehicle technology. In India, there is a growing market for connected automotive technology due to the country's expanding smartphone and internet access. Customers are looking for cars with cutting-edge infotainment systems, easy smartphone connectivity, and internet-based services. In order to meet this demand, automakers are incorporating cutting-edge networking technologies into their cars, which is fueling more expansion in the automotive electronics market.

According to the research report "India Automotive Electronic Market Overview, 2029," published by Bonafide Research, the India Automotive Electronic market is anticipated to grow at more than 7.5% CAGR from 2024 to 2029. Electronic Control Units (ECUs), sensors, current-carrying devices, and other components are essential to the development of automotive technology in India. They shape vehicle functioning and propel technical progress. Modern cars are controlled and governed by Electronic Control Units (ECUs), which are responsible for subsystems including engine control, gearbox, and safety systems. In the Indian setting, where road infrastructure and traffic patterns differ greatly, ECUs are designed to maximize efficiency while guaranteeing dependability and longevity in a range of environmental circumstances. In order for functions like adaptive cruise control, collision detection, and parking assistance to be available, sensors are essential parts that feed real-time data to ECUs. The particular difficulties of Indian roadways, sensors are made to be resistant to changes in temperature and other environmental elements, guaranteeing precise and dependable performance in trying circumstances. The circulatory system of automobiles is made up of current-carrying components including wiring harnesses and connections, which make it easier for electricity and signals to reach various electrical parts.

These parts are made to be resistant to mechanical stress, heat, and humidity, which guarantee smooth performance even in challenging conditions. Reliability and durability are critical factors in the Indian automobile industry. Actuators, screens, and communication modules are a few other electronic parts that enhance the general operation and comfort of Indian automobiles. These components combine innovative technology with robustness and durability to fulfill the different demands and desires of Indian consumers, from tiny city vehicles navigating through crowded urban streets to tough SUVs negotiating rural terrains. There is another segment in automotive electronics market that is sales types of vehicle, in there 2 types known as passenger cars and commercial vehicles are the two main market categories that rule India's automotive industry. There is a vast array of alternatives available for passenger vehicles, such as hatchbacks, sedans, SUVs, and luxury automobiles, to accommodate a variety of customer wants and tastes. India's passenger car market is vital for manufacturers and distributors because of the country's expanding urban population and rising disposable incomes. Commercial vehicles are essential to India's economy since they make it easier to move people and products around the nation. This category covers commercial passenger carriers, trucks, buses, vans, and other vehicles used in the transportation of people, as well as the construction and logistics sectors. Commercial vehicles are a major focus for manufacturers and distributors since they are necessary for the effective movement of people and commodities given India's large geographic area and varied topography.

The Original Equipment Manufacturer (OEM) sector includes direct sales from automakers to approved dealerships and distributors as one of its distribution channels. Original equipment manufacturers (OEMs) are essential to the introduction of new cars on the market, maintaining regulatory compliance, and offering clients after-sale support and servicing. OEMs keep up vast networks of dealerships and servicing facilities throughout nation the aftermarket sector, on the other hand, serves customers looking for improvements, extras, and replacement components for their current cars. Independent merchants, internet sites, and specialty stores that provide a large selection of vehicle parts and services are examples of aftermarket channels. The aftermarket sector is a dynamic ecosystem that gives customers access to a wide range of automotive products and services, including maintenance, repair, and customization possibilities, thanks to India's enormous and diversified vehicle fleet.

India automotive landscape, the body electronics, entertainment, advanced driver assistance systems (ADAS), safety systems, and powertrain technologies all have a significant impact on the functioning, safety, and comfort of automobiles in India. The nation's high rate of traffic accidents is being addressed by the increasing integration of advanced driver assistance systems (ADAS) into automobiles. Examples of these systems include lane departure warning systems and collision avoidance systems. In order to provide occupant protection and vehicle stability on India's frequently congested and difficult roads, safety features like as airbags, electronic stability control (ESC), and anti-lock braking systems (ABS) are essential. In order to meet requirements and improve car safety, automakers are concentrating on integrating cutting-edge safety technologies as safety laws get stricter. Power windows, keyless entry, automatic climate control, and other options like these are examples of body electronics features that are intended to make driving more comfortable and convenient for drivers. Automakers are using cutting-edge body electronics solutions specifically designed to satisfy Indian consumers' demands as they look for vehicles that provide more comfort and convenience. For Indian consumers, who place a high importance on in-car connection and entertainment, entertainment systems are also important factors. In order to meet the demands of Indian drivers and passengers who lead digital lifestyles, advanced infotainment systems with touchscreen displays, smartphone connectivity, and voice command capabilities are starting to come standard. Powertrain innovations are developing to satisfy the need for sustainability, performance, and fuel economy. In India, interest in electric and hybrid vehicles is growing as a result of worries about air pollution and rising gasoline costs. In order to provide environmentally friendly transportation options that satisfy both Indian consumers' tastes and the country's environmental aims, automakers are making investments in electric powertrains, battery technologies, and charging infrastructure.



Considered in this report
• Historic year: 2018
• Base year: 2023
• Estimated year: 2024
• Forecast year: 2029

Aspects covered in this report
• Automotive Electronics market Outlook with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Component
• Electronic Control Unit
• Sensors
• Current Carrying Devices
• Others

By vehicle type
• Passenger Vehicles
• Commercial Vehicles

By distribution channel
• OEM
• Aftermarket

By Application
• Advanced Driver Assistance Systems
• Safety Systems
• Body Electronics
• Entertainment
• Powertrain

The approach of the report:
This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, and government-generated reports and databases. After gathering the data from secondary sources, primary research was conducted by conducting telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started making primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources.

Intended audience
This report can be useful to industry consultants, manufacturers, suppliers, associations, and organizations related to the Automotive Electronics industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.