India automotive electronics market to cross $18 billion by 2027

According to Counterpoint Research’s Smart Automotive Service, automotive electronics sales will triple during this time due to rising income levels and increased customer preference for in-vehicle digital experiences.

“However, in the future, increased public awareness of sophisticated safety and communication services, combined with more embedded connection service offerings by automakers, will drive this industry,” Mandal added.

By 2027, the average cost of electronic components per passenger vehicle is expected to be approximately Rs 200,000 ($2,685).

Due to the increasing implementation of telematics and other new technologies such as exhaust gas recirculation (EGR), selective catalytic reduction (SCR), and on-board diagnostics II, the electronics market in the commercial vehicle segment is expected to reach $530 million by 2027. (OBD II).