Over the last few years, there has been a rise in industrial automation which has, in turn, increased the need for reliable, quality sensors and measurement systems to ensure the smooth and safe operation of various processes. Rapid innovation in technology in tandem with the evolving customer requirements such as the need for Industry 4.0, automated manufacturing and clean energy is the need of the hour. While there may be immense demand generation, India still lags in the design and manufacture of industrial safety, sensor and measurement products. This market is primarily dominated by international majors who are seemingly better equipped. Additionally, with current uncertainty due to the global pandemic and the disruption in manufacturing and transportation across the world, timely availability along with variations and sudden escalation in prices has become a major challenge.
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