| Product Code: ETC7537759 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s automotive steering sensor import shipments in 2024 saw significant contributions from top exporting countries like China, Germany, South Korea, Thailand, and Japan. With a low Herfindahl-Hirschman Index (HHI) indicating market competition, the industry exhibited a healthy Compound Annual Growth Rate (CAGR) of 15.13% from 2020 to 2024. Although the growth rate slightly slowed to 2.67% from 2023 to 2024, the overall outlook remains positive, reflecting a robust market demand for automotive steering sensors in India.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Steering Sensor Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Steering Sensor Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Steering Sensor Market - Industry Life Cycle |
3.4 India Automotive Steering Sensor Market - Porter's Five Forces |
3.5 India Automotive Steering Sensor Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 India Automotive Steering Sensor Market Revenues & Volume Share, By Sensor Type, 2021 & 2031F |
3.7 India Automotive Steering Sensor Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 India Automotive Steering Sensor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced safety features in vehicles, leading to the integration of steering sensors for enhanced vehicle safety. |
4.2.2 Growth in the automotive industry in India, resulting in higher vehicle production and the subsequent need for steering sensors. |
4.2.3 Government regulations mandating the use of safety technologies in vehicles, including steering sensors, to improve road safety. |
4.3 Market Restraints |
4.3.1 High initial costs associated with implementing steering sensor technology in vehicles, which may deter price-sensitive consumers. |
4.3.2 Lack of standardized regulations regarding the use of steering sensors in vehicles, leading to uncertainty in the market. |
4.3.3 Limited awareness among consumers and manufacturers about the benefits and functionalities of steering sensors, hindering market adoption. |
5 India Automotive Steering Sensor Market Trends |
6 India Automotive Steering Sensor Market, By Types |
6.1 India Automotive Steering Sensor Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Steering Sensor Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 India Automotive Steering Sensor Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
6.1.4 India Automotive Steering Sensor Market Revenues & Volume, By Commercial Vehicles, 2021- 2031F |
6.2 India Automotive Steering Sensor Market, By Sensor Type |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Steering Sensor Market Revenues & Volume, By Health Monitoring Systems, 2021- 2031F |
6.2.3 India Automotive Steering Sensor Market Revenues & Volume, By Torque, 2021- 2031F |
6.2.4 India Automotive Steering Sensor Market Revenues & Volume, By Angle Sensors, 2021- 2031F |
6.2.5 India Automotive Steering Sensor Market Revenues & Volume, By Position Sensors, 2021- 2031F |
6.2.6 India Automotive Steering Sensor Market Revenues & Volume, By Others, 2021- 2031F |
6.3 India Automotive Steering Sensor Market, By Technology |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Steering Sensor Market Revenues & Volume, By Contacting, 2021- 2031F |
6.3.3 India Automotive Steering Sensor Market Revenues & Volume, By Magnetic, 2021- 2031F |
7 India Automotive Steering Sensor Market Import-Export Trade Statistics |
7.1 India Automotive Steering Sensor Market Export to Major Countries |
7.2 India Automotive Steering Sensor Market Imports from Major Countries |
8 India Automotive Steering Sensor Market Key Performance Indicators |
8.1 Average selling price (ASP) of automotive steering sensors in India. |
8.2 Adoption rate of steering sensors in new vehicle models launched in the Indian market. |
8.3 Number of road accidents reported in India before and after the implementation of steering sensor technology in vehicles. |
9 India Automotive Steering Sensor Market - Opportunity Assessment |
9.1 India Automotive Steering Sensor Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 India Automotive Steering Sensor Market Opportunity Assessment, By Sensor Type, 2021 & 2031F |
9.3 India Automotive Steering Sensor Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 India Automotive Steering Sensor Market - Competitive Landscape |
10.1 India Automotive Steering Sensor Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Steering Sensor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
To discover high-growth global markets and optimize your business strategy:
Click Here