Over the past decade, industrial sensor manufacturing in India has expanded significantly in response to a rapidly growing and expanding domestic market and demand for automation and the integration of the Internet of Things (IoT) in manufacturing, infrastructure and services. Investments in advanced manufacturing techniques, R&D and government support to the ‘Make in India’ initiative have also positioned India as a key player in the global sensor manufacturing industry. These sensors deliver real time data to companies that can help improve operational efficiency, reduce waste, and increase safety. While Indian industries are quick to adopt Industry 4.0 and smart factory principles, the need for reliable and cost effective sensors has skyrocketed, motivating domestic companies to ramp up manufacturing capacity.
This domain has given rise to several Indian companies becoming key players. In addition, Indian startups and mid-sized companies are also innovating at a rapid pace and are focused on IoT integration, wireless sensor networks and AI based data analytics.
India also has an advantage in skilled labor, technical expertise and the cost effective production that multinational companies seek. As a result, many of the global sensor manufacturers have setup R&D and production facilities in India which has resulted in the exchange of technology and up-skilling the local workforce. Robust growth of India’s industrial sensors market is expected due to increasing government support, incentives and the transition towards sustainability. Basically, India is poised to become an industrial sensor manufacturing hub of the future.
In this special issue, we introduce you to the top companies in this segment. Industry Outlook has identified the select few companies that have done particularly well with a high level of dedication. We have found that they have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.
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