Home » Information and Communications Technology » Technology & Media » India Cyber Physical Systems Market

India Cyber Physical Systems Market

India Cyber Physical Systems Market By Component (Hardware, Software, Services); By Deployment (On-Premise, Cloud); By End-Use Industry (Automotive, Healthcare, Manufacturing, Energy & Utilities, Others) – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2020-2023
Base Year	2024
Forecast Period	2025-2032
India Cyber Physical Systems Market Size 2024	USD 3679.53 million
India Cyber Physical Systems Market, CAGR	12.3%
India Cyber Physical Systems Market Size 2032	USD 9308.01 million

Market Overview:

The India Cyber Physical Systems is projected to grow from USD 3679.53 million in 2024 to an estimated USD 9308.01 million by 2032, with a compound annual growth rate (CAGR) of 12.3% from 2024 to 2032.

Several factors are driving the adoption and growth of CPS in India. The Indian government’s initiatives, such as the “Digital India” campaign, aim to enhance technological infrastructure and promote digital literacy, creating a conducive environment for CPS integration. These efforts are encouraging industries to incorporate cutting-edge technologies that drive economic growth and sustainability. Additionally, the manufacturing sector’s shift towards Industry 4.0 is fostering the adoption of CPS technologies to improve operational efficiency and product quality. By implementing automated systems, businesses can gain a competitive edge in the global market. The increasing demand for automation across various industries, including automotive, healthcare, and energy, further accelerates the need for CPS solutions. Automation provides the agility and scalability needed to keep pace with industry trends. Moreover, advancements in Internet of Things (IoT) and Artificial Intelligence (AI) are enhancing the capabilities of CPS, making them more intelligent and responsive.

Regionally, India is witnessing a burgeoning CPS market, supported by rapid industrialization and a growing demand for smart manufacturing solutions. As more industries adopt CPS, they are realizing the benefits of increased efficiency and lower operational costs. The integration of CPS technologies is particularly prominent in urban centers with a strong industrial base. States like Karnataka, Maharashtra, and Tamil Nadu are leading in adopting CPS solutions, driven by their robust manufacturing sectors and technological ecosystems. The establishment of research and development centers and collaborations between academia and industry in these regions is fostering innovation in CPS applications. Through these collaborations, new and customized CPS solutions are being developed to address specific industry needs. However, challenges such as cybersecurity concerns, interoperability issues, and the need for skilled workforce remain, necessitating focused efforts from both government and industry stakeholders to address these hurdles.

Access crucial information at unmatched prices!

Request your sample report today & start making informed decisions powered by Credence Research!

Download Sample

Market Insights:

The India Cyber-Physical Systems (CPS) market is projected to expand from USD 3,679.53 million in 2024 to USD 9,308.01 million by 2032, reflecting a CAGR of 12.3%.
The Global Cyber Physical Systems is projected to grow from USD 1,25,271.30 million in 2024 to an estimated USD 2,71,668.59 million by 2032, with a compound annual growth rate (CAGR) of 10.16% from 2024 to 2032.

Government initiatives like “Digital India” are enhancing technological infrastructure, fostering digital literacy, and creating a favorable environment for CPS integration.
The manufacturing sector’s shift towards Industry 4.0 is driving CPS adoption to improve operational efficiency and product quality.
Increasing demand for automation across automotive, healthcare, and energy sectors is accelerating the need for CPS solutions.
Advancements in IoT and AI are enhancing CPS capabilities, making systems more intelligent and responsive.
Regions like Karnataka, Maharashtra, and Tamil Nadu lead in CPS adoption, supported by robust manufacturing sectors and technological ecosystems.
Challenges such as cybersecurity concerns, interoperability issues, and a shortage of skilled workforce need to be addressed to fully realize CPS potential.

Report scope

This report segment the India Cyber Physical Systems Market as follow;

Market Drivers:

Government Initiatives and Digital Transformation

The Indian government has been a significant driver of the Cyber-Physical Systems (CPS) market through its various initiatives aimed at digital transformation. Programs such as “Digital India” and “Make in India” focus on enhancing the country’s digital infrastructure, improving internet connectivity, and fostering innovation in manufacturing. For instance, The National Mission on Interdisciplinary Cyber-Physical Systems (NMICPS) has established 25 Technology Innovation Hubs (TIHs) across reputed institutions, focusing on advanced technologies like robotics, quantum communication, and IoT to address challenges in manufacturing, energy, traffic management, and more. These initiatives create a conducive environment for the adoption of CPS technologies, particularly in sectors like manufacturing, healthcare, and transportation. By promoting digital literacy and infrastructure development, the government supports the integration of CPS into existing industries, enabling automation and greater efficiency across various domains.

Industry 4.0 Adoption and Smart Manufacturing

The ongoing shift towards Industry 4.0 is another critical driver for the CPS market in India. As Indian industries strive to enhance their competitiveness in the global market, the adoption of advanced technologies like automation, robotics, and IoT-driven solutions becomes crucial. CPS technologies enable real-time monitoring and control of industrial processes, improving productivity and reducing operational costs. Indian manufacturers are increasingly turning to CPS to streamline production lines, reduce downtime, and improve product quality. This transition is particularly significant in sectors such as automotive, consumer electronics, and textiles, where operational efficiency is paramount.

Advancements in IoT and Artificial Intelligence

The rapid advancements in Internet of Things (IoT) and Artificial Intelligence (AI) are accelerating the growth of the CPS market in India. CPS technologies rely heavily on interconnected devices and smart systems, which are made more effective with IoT and AI integration. IoT devices collect real-time data from various physical systems, while AI algorithms analyze this data to optimize decision-making and automation. For example, ABB’s Genix suite uses AI-based predictive maintenance to monitor assets and prescribe maintenance actions. The synergy between IoT, AI, and CPS allows for intelligent systems that can predict failures, optimize resource usage, and provide valuable insights for businesses. As IoT and AI technologies continue to mature, their adoption in CPS solutions is expected to rise, driving growth in the Indian market.

Increasing Demand for Automation and Efficiency

As industries across India face increasing pressure to improve operational efficiency, the demand for automation solutions powered by CPS technologies continues to grow. Automation reduces human error, minimizes operational costs, and boosts overall productivity, making it an attractive option for businesses. In sectors such as energy, agriculture, and healthcare, the need for automation to handle complex processes and ensure continuous operations is becoming increasingly essential. CPS enables industries to not only automate but also optimize these processes by providing a platform for real-time monitoring, predictive maintenance, and better resource management. This shift towards automation is expected to remain a key driver of the CPS market in India.

Market Trends:

Integration of Artificial Intelligence in CPS

One of the significant trends driving the Cyber-Physical Systems (CPS) market in India is the growing integration of Artificial Intelligence (AI) with CPS technologies. AI algorithms are increasingly being embedded within CPS to enable smarter decision-making, predictive analytics, and autonomous operations. By integrating AI, CPS systems can analyze vast amounts of data collected from connected devices in real time and optimize industrial processes, significantly reducing downtime and enhancing productivity. This integration is particularly evident in industries like automotive, where autonomous vehicles are being developed, and in manufacturing, where predictive maintenance solutions are being implemented to improve equipment longevity. As AI capabilities continue to evolve, their application within CPS is expected to expand, driving growth and innovation in the sector.

Adoption of Edge Computing

Edge computing is another key trend reshaping the CPS landscape in India. With the rise of IoT devices and the increasing amount of data generated by these devices, the need to process this data closer to the source has become paramount. Edge computing enables real-time data processing on local devices, reducing latency and bandwidth issues associated with cloud computing. This trend is particularly beneficial in applications where immediate action is necessary, such as in industrial automation or healthcare. For instance, edge computing reduces latency to under 5 milliseconds essential for autonomous vehicle safety where even a millisecond delay can result in significant risks. By reducing the reliance on centralized cloud systems, edge computing enhances the responsiveness of CPS solutions, making them more efficient and reliable. As industries across India adopt more IoT-based systems, the role of edge computing in CPS is expected to grow significantly.

Focus on Smart Cities and Infrastructure Development

The ongoing development of smart cities in India is a significant trend influencing the adoption of CPS technologies. As urbanization accelerates, there is a growing demand for efficient urban infrastructure, and CPS plays a crucial role in this transformation. The integration of CPS in smart cities enables better management of resources like energy, water, and transportation systems. These systems allow for real-time monitoring and control, improving urban efficiency and sustainability. For example, CPS technologies have reduced energy losses in smart grids by 30%, contributing to improved reliability and efficiency. Indian cities like Pune, Bengaluru, and Delhi are already incorporating CPS solutions in areas such as traffic management, waste management, and power grid monitoring. The focus on creating sustainable, intelligent urban spaces is expected to drive substantial growth in the CPS market, as these technologies enable cities to handle increasing populations while maintaining high quality of life.

Emerging Role of Cybersecurity in CPS

As the adoption of Cyber-Physical Systems continues to increase, the importance of cybersecurity has emerged as a key trend in India. With CPS connecting critical infrastructure to the internet, these systems are exposed to potential cyber threats and vulnerabilities. As a result, there is a growing emphasis on implementing robust cybersecurity measures to protect sensitive data and ensure the safe operation of CPS systems. This trend is particularly important in sectors like energy, healthcare, and manufacturing, where any security breach can have serious consequences. In response, organizations are investing in advanced cybersecurity solutions, including encryption, intrusion detection systems, and secure communication protocols, to safeguard their CPS infrastructure. This increasing focus on cybersecurity will be crucial to sustaining the long-term growth of CPS in India.

Market Challenges Analysis:

Cybersecurity Concerns

One of the primary challenges facing the growth of Cyber-Physical Systems (CPS) in India is the heightened risk of cybersecurity threats. As CPS technologies connect critical infrastructure and industrial systems to the internet, they become more vulnerable to cyberattacks. Cybersecurity issues such as data breaches, unauthorized access, and system disruptions can lead to significant operational and financial losses. Despite advancements in security protocols, ensuring the safety of data and maintaining the integrity of CPS solutions remain complex challenges. As CPS technologies become more embedded in sectors like energy, healthcare, and manufacturing, safeguarding these systems against cyber threats will be a critical factor for their long-term success.

Interoperability Issues

Interoperability remains a significant barrier to CPS adoption in India due to the lack of standardized platforms and protocols. Integrating diverse hardware, software, and communication technologies into a cohesive CPS architecture often results in compatibility issues. For instance, legacy systems in industries like manufacturing and transportation struggle to integrate seamlessly with modern CPS frameworks. This challenge impacts scalability and performance, making it difficult for organizations to achieve efficient cross-platform communication. Without addressing these interoperability constraints through standardization efforts, businesses face increased implementation costs and reduced operational efficiency.

Skilled Workforce Shortage

The successful implementation and operation of CPS require a highly skilled workforce with expertise in fields such as robotics, AI, IoT, and data analytics. However, there is a notable shortage of trained professionals in India with the necessary technical capabilities to design, deploy, and maintain CPS systems. This skills gap presents a significant challenge, as organizations may struggle to find qualified talent to support their CPS initiatives. To overcome this, there is a growing need for specialized education and training programs aimed at developing the required skill sets. Without addressing this shortage, the pace of CPS adoption in India could be hindered.

High Implementation Costs

The high initial investment required for implementing CPS solutions poses another challenge, particularly for small and medium-sized enterprises (SMEs) in India. The costs associated with integrating advanced technologies, upgrading infrastructure, and maintaining systems can be prohibitive. Many businesses may find it difficult to justify the return on investment, especially when the benefits of CPS are long-term and may not be immediately apparent. While the reduction in operational costs and the improvement in efficiency offered by CPS are significant, the financial burden of adoption remains a key barrier for many organizations.

Market Opportunities:

The Cyber-Physical Systems (CPS) market in India presents significant opportunities driven by the country’s rapid industrialization and digital transformation. The government’s initiatives, such as “Digital India” and “Make in India,” are creating an ideal environment for the adoption of CPS technologies across various sectors. As industries increasingly adopt smart manufacturing practices under the umbrella of Industry 4.0, the demand for CPS solutions is set to rise. CPS offers significant opportunities in improving operational efficiency, reducing downtime, and optimizing processes in sectors like automotive, manufacturing, healthcare, and energy. Furthermore, with the growing need for automation, predictive maintenance, and real-time monitoring, CPS solutions are poised to play a critical role in enhancing India’s industrial capabilities and competitiveness on a global scale.

In addition, the emergence of smart cities in India presents another lucrative market opportunity for CPS technologies. As urbanization continues at a rapid pace, there is a growing need for efficient urban management solutions, including traffic management, waste management, energy distribution, and public safety systems. CPS technologies are key to enabling smart cities by providing real-time data analysis and control over various urban functions. The Indian government’s focus on developing smart cities will accelerate the integration of CPS in urban infrastructure, driving demand for these technologies. Moreover, the increasing integration of IoT, AI, and edge computing with CPS systems opens up new avenues for innovation and value creation, further expanding the market opportunities for CPS in India.

Market Segmentation Analysis:

The Cyber-Physical Systems (CPS) market in India is categorized across various segments, each presenting unique opportunities for growth and development.

By component, the market is divided into hardware, software, and services. The hardware segment dominates the market, driven by the increasing demand for sensors, controllers, and other IoT devices that enable real-time data collection and processing. The software segment is also growing rapidly as industries seek advanced analytics, machine learning algorithms, and applications for data processing and system integration. The services segment includes consulting, system integration, and support services, which are essential for the successful deployment and maintenance of CPS solutions.

By deployment, the market is split into on-premise and cloud-based solutions. While on-premise deployment remains popular in industries with strict data security and privacy requirements, cloud-based solutions are gaining traction due to their scalability, cost-effectiveness, and ease of access. Cloud deployments are particularly beneficial for industries looking to harness the power of big data and real-time analytics without heavy upfront investments in infrastructure.

By end-use industry, CPS is seeing significant adoption across automotive, healthcare, manufacturing, energy, and utilities. The automotive sector is integrating CPS for autonomous vehicles and advanced manufacturing processes. In healthcare, CPS is being utilized for patient monitoring and robotic surgery. The manufacturing sector is embracing CPS to improve production efficiency and reduce downtime, while energy and utilities are leveraging CPS for smarter grids and energy management. Other sectors, including agriculture and logistics, are also beginning to adopt CPS solutions to streamline operations and enhance productivity.

Segmentation:

By Component:

Hardware
Software
Services

By Deployment:

On-Premise
Cloud

By End-Use Industry:

Automotive
Healthcare
Manufacturing
Energy & Utilities
Others

Regional Analysis:

The Cyber-Physical Systems (CPS) market in India is experiencing significant growth, influenced by rapid industrialization, technological advancements, and strategic government initiatives. Regional disparities exist in the adoption and implementation of CPS, with certain states leading in market share due to their industrial and technological infrastructure.

Southern Region

States like Karnataka, particularly its capital Bengaluru, have emerged as prominent hubs for CPS adoption. The city’s robust IT infrastructure, coupled with a thriving startup ecosystem, has fostered the integration of CPS across various sectors, including manufacturing and healthcare. This has positioned Karnataka as a leader in the CPS market, contributing significantly to the national market share.

Western Region

Maharashtra, with Mumbai as its commercial capital, has been proactive in embracing CPS technologies. The state’s diverse industrial base, encompassing automotive, manufacturing, and energy sectors, has facilitated the integration of CPS solutions. This adoption has enhanced operational efficiencies and positioned Maharashtra as a key player in the CPS market.

Southern Region

Tamil Nadu has also made notable strides in CPS adoption. Chennai’s emergence as an automotive manufacturing hub has led to the integration of CPS in automotive production processes, improving precision and efficiency. The state’s focus on industrial automation has further bolstered its position in the CPS market.

Northern Region

Uttar Pradesh has been focusing on industrial development, with initiatives aimed at enhancing manufacturing capabilities. The adoption of CPS in sectors like manufacturing and agriculture is gradually increasing, contributing to the state’s market share in the CPS domain.

Eastern Region

West Bengal, with Kolkata as its commercial center, is witnessing a gradual adoption of CPS technologies. Sectors such as manufacturing and logistics are beginning to integrate CPS solutions, aiming to enhance operational efficiency and competitiveness.

Market Share Distribution

While specific market share percentages for each region are not publicly disclosed, it is evident that states with advanced industrial infrastructure and proactive adoption strategies, such as Karnataka, Maharashtra, and Tamil Nadu, hold significant shares of the CPS market. These regions benefit from supportive government policies, a skilled workforce, and a conducive environment for technological innovation, driving the widespread adoption of CPS technologies.

Shape Your Report to Specific Countries or Regions & Enjoy 30% Off!

Customize Now

Key Player Analysis

Toshiba Corporation
Hitachi, Ltd.
Fujitsu Limited
Panasonic Corporation
NEC Corporation
Huawei Technologies Co., Ltd.
Samsung Electronics Co., Ltd.
Infosys Limited
Wipro Limited

Competitive Analysis:

The Cyber-Physical Systems (CPS) market in India is rapidly evolving, attracting both global and local players aiming to capitalize on the burgeoning demand for integrated digital solutions. Key international corporations such as Siemens, General Electric, and Honeywell International have established a significant presence in the Indian market, offering a range of CPS solutions across sectors like manufacturing, energy, and transportation. These companies leverage their global expertise to cater to the unique needs of the Indian industrial landscape. In addition to global entities, several Indian firms are making notable strides in the CPS domain. Companies like Tata Consultancy Services (TCS) and Infosys are actively developing CPS solutions, focusing on sectors such as automotive, healthcare, and manufacturing. Their deep understanding of the local market, combined with technological prowess, positions them well to drive innovation and adoption of CPS technologies. The competitive landscape is further characterized by a mix of startups and established enterprises collaborating to enhance CPS capabilities. These collaborations aim to address challenges related to cybersecurity, interoperability, and scalability, ensuring that CPS solutions are robust and tailored to the specific requirements of Indian industries. As the market matures, competition is expected to intensify, leading to continuous advancements in CPS technologies and their applications across various sectors.

Recent Developments:

In January 2025, Mitsubishi Electric Corporation announced that its subsidiary, Mitsubishi Electric India Pvt Ltd., would acquire a stake in the Indian software startup Gervigreind Data Science Pvt Ltd., operating as Itanta Analytics. This collaboration is aimed at developing and selling no-code data-analysis and report-generation applications to enhance Mitsubishi Electric’s factory automation (FA) digital solutions.
In Oct 2024, Phosphorus Cybersecurity Inc., a leader in unified security management for xIoT devices, announced its strategic expansion into the Asia Pacific and Japan (APJ) region. This move is driven by the region’s rapid growth in cyber-physical systems and increasing cybersecurity challenges.
On January 1, 2025, Honeywell introduced “Cyber Insights,” an OT-focused solution designed to provide real-time visibility into operational technology systems. This initiative addresses emerging cybersecurity challenges in critical infrastructure environments while leveraging AI for improved monitoring and incident response.
On April 4, 2025, Bosch Rexroth partnered with Trackunit to integrate BODAS Connect OTA technology into Trackunit’s ecosystem. This collaboration enables remote diagnostics and software updates for construction machinery while ensuring compliance with cybersecurity regulations like the Cyber Resilience Act.

Market Concentration & Characteristics:

The Cyber-Physical Systems (CPS) market in India is characterized by a competitive landscape that includes both global technology leaders and emerging local innovators. Major international corporations such as Siemens, Intel, and Honeywell International Inc. have established a strong presence in the Indian CPS sector, offering a range of solutions across manufacturing, energy, and transportation industries. These companies leverage their global expertise to cater to the unique needs of the Indian market. Emerging Indian firms, including Tata Consultancy Services (TCS), are also making significant contributions to the CPS domain. These companies focus on sectors like automotive, healthcare, and manufacturing, combining technological prowess with an in-depth understanding of local market dynamics. Such a blend of global expertise and local insight fosters innovation and accelerates the adoption of CPS technologies across various sectors. The market is further enriched by collaborations among startups, established enterprises, and research institutions. These partnerships aim to address challenges related to cybersecurity, interoperability, and scalability, ensuring that CPS solutions are robust and tailored to the specific requirements of Indian industries. This collaborative approach is essential for driving the widespread adoption and successful implementation of CPS technologies in the country.

Report Coverage:

The research report offers an in-depth analysis based on Component, Deployment and End-Use Industry. It details leading market players, providing an overview of their business, product offerings, investments, revenue streams, and key applications. Additionally, the report includes insights into the competitive environment, SWOT analysis, current market trends, as well as the primary drivers and constraints. Furthermore, it discusses various factors that have driven market expansion in recent years. The report also explores market dynamics, regulatory scenarios, and technological advancements that are shaping the industry. It assesses the impact of external factors and global economic changes on market growth. Lastly, it provides strategic recommendations for new entrants and established companies to navigate the complexities of the market.

Future Outlook:

The adoption of CPS technologies is expected to accelerate as India’s industrial sectors embrace Industry 4.0 and automation.
Government initiatives such as “Digital India” will continue to fuel the growth of CPS by enhancing technological infrastructure.
Increased demand for smart cities will drive CPS integration in urban management, including energy, traffic, and waste systems.
India’s rapidly expanding IoT and AI sectors will enhance the functionality and intelligence of CPS solutions across industries.
The manufacturing sector will see higher levels of automation and predictive maintenance through the adoption of CPS technologies.
Demand for CPS in healthcare will grow, driven by innovations in remote patient monitoring, robotic surgery, and diagnostics.
Cloud-based CPS solutions will gain traction due to their scalability, cost-effectiveness, and improved data accessibility.
Cybersecurity will remain a key focus, with continued investment in securing CPS infrastructures from cyber threats.
Regional disparities in CPS adoption will narrow as more states invest in digital transformation and industrial automation.
A skilled workforce gap will drive increased collaboration between the government, industry, and academia to foster talent development.

CHAPTER NO. 1 : INTRODUCTION 19

1.1.1. Report Description 19

Purpose of the Report 19

USP & Key Offerings 19

1.1.2. Key Benefits for Stakeholders 19

1.1.3. Target Audience 20

1.1.4. Report Scope 20

CHAPTER NO. 2 : EXECUTIVE SUMMARY 21

2.1. Cyber Physical Systems (CPS) Market Snapshot 21

2.1.1. India Cyber Physical Systems (CPS) Market, 2018 – 2032 (USD Million) 22

CHAPTER NO. 3 : GEOPOLITICAL CRISIS IMPACT ANALYSIS 23

3.1. Russia-Ukraine and Israel-Palestine War Impacts 23

CHAPTER NO. 4 : CYBER PHYSICAL SYSTEMS (CPS) MARKET – INDUSTRY ANALYSIS 24

4.1. Introduction 24

4.2. Market Drivers 25

4.2.1. Increasing adoption of Industry 4.0 technologies. 25

4.2.2. Rising demand for real-time data analysis and automation in industrial processes 26

4.3. Market Restraints 27

4.3.1. High initial implementation costs 27

4.4. Market Opportunities 28

4.4.1. Integration of CPS with emerging technologies like IoT and AI 28

4.5. Porter’s Five Forces Analysis 29

4.6. Buying Criteria 30

CHAPTER NO. 5 : IMPORT EXPORT ANALYSIS 31

5.1. Import Analysis by India 31

5.1.1. India Cyber Physical Systems (CPS) Market Import Volume/Revenue, By India, 2018 – 2023 31

5.2. Export Analysis by India 32

5.2.1. India Cyber Physical Systems (CPS) Market Export Volume/Revenue, By India, 2018 – 2023 32

CHAPTER NO. 6 : DEMAND SUPPLY ANALYSIS 33

6.1. Demand Analysis by India 33

6.1.1. India Cyber Physical Systems (CPS) Market Demand Volume/Revenue, By India, 2018 – 2023 33

6.2. Supply Analysis by India 34

6.2.1. India Cyber Physical Systems (CPS) Market Supply Volume/Revenue, By India, 2018 – 2023 34

CHAPTER NO. 7 : PRODUCTION ANALYSIS 35

7.1. Production Analysis by India 35

7.1.1. India Cyber Physical Systems (CPS) Market Production Volume/Revenue, By India, 2018 – 2023 35

CHAPTER NO. 8 : PRICE ANALYSIS 36

8.1. Price Analysis by Component 36

8.1.1. India Cyber Physical Systems (CPS) Market Price, By Component, 2018 – 2023 36

8.1.2. India Component Market Price, By Component, 2018 – 2023 36

CHAPTER NO. 9 : RAW MATERIALS ANALYSIS 37

9.1. Key Raw Materials and Suppliers 37

9.2. Key Raw Materials Price Trend 37

CHAPTER NO. 10 : MANUFACTURING COST ANALYSIS 38

10.1. Manufacturing Cost Analysis 38

10.2. Manufacturing Process 38

CHAPTER NO. 11 : ANALYSIS COMPETITIVE LANDSCAPE 39

11.1. Company Market Share Analysis – 2023 39

11.2. Value Chain Analysis 39

11.2.1. India Cyber Physical Systems (CPS) Market: Company Market Share, by Volume, 2023 40

11.2.2. India Cyber Physical Systems (CPS) Market: Company Market Share, by Revenue, 2023 41

11.2.3. India Cyber Physical Systems (CPS) Market: Top 6 Company Market Share, by Revenue, 2023 41

11.2.4. India Cyber Physical Systems (CPS) Market: Top 3 Company Market Share, by Revenue, 2023 42

11.3. India Cyber Physical Systems (CPS) Market Company Volume Market Share, 2023 43

11.4. India Cyber Physical Systems (CPS) Market Company Revenue Market Share, 2023 44

11.5. Company Assessment Metrics, 2023 44

11.5.1. Stars 44

11.5.2. Emerging Leaders 44

11.5.3. Pervasive Players 44

11.5.4. Participants 44

11.6. Start-ups /SMEs Assessment Metrics, 2023 44

11.6.1. Progressive Companies 44

11.6.2. Responsive Companies 45

11.6.3. Dynamic Companies 45

11.6.4. Starting Blocks 45

11.7. Strategic Developments 46

11.7.1. Acquisitions & Mergers 46

New Product Launch 46

India Expansion 46

11.8. Key Players Product Matrix 47

CHAPTER NO. 12 : PESTEL & ADJACENT MARKET ANALYSIS 48

12.1. PESTEL 48

12.1.1. Political Factors 48

12.1.2. Economic Factors 48

12.1.3. Social Factors 48

12.1.4. Technological Factors 48

12.1.5. Environmental Factors 48

12.1.6. Legal Factors 48

12.2. Adjacent Market Analysis 48

CHAPTER NO. 13 : CYBER PHYSICAL SYSTEMS (CPS) MARKET – BY COMPONENT SEGMENT ANALYSIS 49

13.1. Cyber Physical Systems (CPS) Market Overview, by Component Segment 49

13.1.1. Cyber Physical Systems (CPS) Market Revenue Share, By Component, 2023 & 2032 50

13.1.2. Cyber Physical Systems (CPS) Market Attractiveness Analysis, By Component 51

13.1.3. Incremental Revenue Growth Opportunity, by Component, 2024 – 2032 51

13.1.4. Cyber Physical Systems (CPS) Market Revenue, By Component, 2018, 2023, 2027 & 2032 52

13.2. Hardware 53

13.3. Software 54

13.4. Services 55

CHAPTER NO. 14 : CYBER PHYSICAL SYSTEMS (CPS) MARKET – BY DEPLOYMENT SEGMENT ANALYSIS 56

14.1. Cyber Physical Systems (CPS) Market Overview, by Deployment Segment 56

14.1.1. Cyber Physical Systems (CPS) Market Revenue Share, By Deployment, 2023 & 2032 57

14.1.2. Cyber Physical Systems (CPS) Market Attractiveness Analysis, By Deployment 58

14.1.3. Incremental Revenue Growth Opportunity, by Deployment, 2024 – 2032 58

14.1.4. Cyber Physical Systems (CPS) Market Revenue, By Deployment, 2018, 2023, 2027 & 2032 59

14.2. On-Premise 60

14.3. Cloud 61

CHAPTER NO. 15 : CYBER PHYSICAL SYSTEMS (CPS) MARKET – BY END-USE INDUSTRY SEGMENT ANALYSIS 62

15.1. Cyber Physical Systems (CPS) Market Overview, by End-Use Industry Segment 62

15.1.1. Cyber Physical Systems (CPS) Market Revenue Share, By End-Use Industry, 2023 & 2032 63

15.1.2. Cyber Physical Systems (CPS) Market Attractiveness Analysis, By End-Use Industry 64

15.1.3. Incremental Revenue Growth Opportunity, by End-Use Industry, 2024 – 2032 64

15.1.4. Cyber Physical Systems (CPS) Market Revenue, By End-Use Industry, 2018, 2023, 2027 & 2032 65

15.2. Automotive 66

15.3. Healthcare 67

15.4. Manufacturing 68

15.5. Energy & Utilities 69

15.6. Others 70

CHAPTER NO. 16 : CYBER PHYSICAL SYSTEMS (CPS) MARKET – INDIA ANALYSIS 71

16.1. Component 71

16.1.1. India Cyber Physical Systems (CPS) Market Revenue, By Component, 2018 – 2023 (USD Million) 71

16.2. India Cyber Physical Systems (CPS) Market Revenue, By Component, 2024 – 2032 (USD Million) 71

16.3. Deployment 72

16.3.1. India Cyber Physical Systems (CPS) Market Revenue, By Deployment, 2018 – 2023 (USD Million) 72

16.3.2. India Cyber Physical Systems (CPS) Market Revenue, By Deployment, 2024 – 2032 (USD Million) 72

16.4. End-Use Industry 73

16.4.1. India Cyber Physical Systems (CPS) Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 73

16.4.2. India Cyber Physical Systems (CPS) Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 73

CHAPTER NO. 17 : COMPANY PROFILES 74

17.1.1. Company Overview 74

17.1.2. Product Portfolio 74

17.1.3. Swot Analysis 74

17.1.4. Business Strategy 75

17.1.5. Financial Overview 75

17.2. Toshiba Corporation 76

17.3. Hitachi, Ltd. 76

17.4. Fujitsu Limited 76

17.5. Panasonic Corporation 76

17.6. NEC Corporation 76

17.7. Huawei Technologies Co., Ltd. 76

17.8. Samsung Electronics Co., Ltd. 76

17.9. Infosys Limited 76

17.10. Wipro Limited 76

List of Figures

FIG NO. 1. India Cyber Physical Systems (CPS) Market Revenue, 2018 – 2032 (USD Million) 22

FIG NO. 2. Porter’s Five Forces Analysis for India Cyber Physical Systems (CPS) Market 29

FIG NO. 3. India Cyber Physical Systems (CPS) Market Import Volume/Revenue, By India, 2018 – 2023 31

FIG NO. 4. India Cyber Physical Systems (CPS) Market Export Volume/Revenue, By India, 2018 – 2023 32

FIG NO. 5. India Cyber Physical Systems (CPS) Market Demand Volume/Revenue, By India, 2018 – 2023 33

FIG NO. 6. India Cyber Physical Systems (CPS) Market Supply Volume/Revenue, By India, 2018 – 2023 34

FIG NO. 7. India Cyber Physical Systems (CPS) Market Production Volume/Revenue, By India, 2018 – 2023 35

FIG NO. 8. India Cyber Physical Systems (CPS) Market Price, By Component, 2018 – 2023 36

FIG NO. 9. Raw Materials Price Trend Analysis, 2018 – 2023 37

FIG NO. 10. Manufacturing Cost Analysis 38

FIG NO. 11. Manufacturing Process 38

FIG NO. 12. Value Chain Analysis for India Cyber Physical Systems (CPS) Market 39

FIG NO. 13. Company Share Analysis, 2023 40

FIG NO. 14. Company Share Analysis, 2023 41

FIG NO. 15. Company Share Analysis, 2023 41

FIG NO. 16. Company Share Analysis, 2023 42

FIG NO. 17. Cyber Physical Systems (CPS) Market – Company Volume Market Share, 2023 43

FIG NO. 18. Cyber Physical Systems (CPS) Market – Company Revenue Market Share, 2023 44

FIG NO. 19. Cyber Physical Systems (CPS) Market Revenue Share, By Component, 2023 & 2032 50

FIG NO. 20. Market Attractiveness Analysis, By Component 51

FIG NO. 21. Incremental Revenue Growth Opportunity by Component, 2024 – 2032 51

FIG NO. 22. Cyber Physical Systems (CPS) Market Revenue, By Component, 2018, 2023, 2027 & 2032 52

FIG NO. 23. India Cyber Physical Systems (CPS) Market for Hardware, Revenue (USD Million) 2018 – 2032 53

FIG NO. 24. India Cyber Physical Systems (CPS) Market for Software, Revenue (USD Million) 2018 – 2032 54

FIG NO. 25. India Cyber Physical Systems (CPS) Market for Services, Revenue (USD Million) 2018 – 2032 55

FIG NO. 26. Cyber Physical Systems (CPS) Market Revenue Share, By Deployment, 2023 & 2032 57

FIG NO. 27. Market Attractiveness Analysis, By Deployment 58

FIG NO. 28. Incremental Revenue Growth Opportunity by Deployment, 2024 – 2032 58

FIG NO. 29. Cyber Physical Systems (CPS) Market Revenue, By Deployment, 2018, 2023, 2027 & 2032 59

FIG NO. 30. India Cyber Physical Systems (CPS) Market for On-Premise, Revenue (USD Million) 2018 – 2032 60

FIG NO. 31. India Cyber Physical Systems (CPS) Market for Cloud, Revenue (USD Million) 2018 – 2032 61

FIG NO. 32. Cyber Physical Systems (CPS) Market Revenue Share, By End-Use Industry, 2023 & 2032 63

FIG NO. 33. Market Attractiveness Analysis, By End-Use Industry 64

FIG NO. 34. Incremental Revenue Growth Opportunity by End-Use Industry, 2024 – 2032 64

FIG NO. 35. Cyber Physical Systems (CPS) Market Revenue, By End-Use Industry, 2018, 2023, 2027 & 2032 65

FIG NO. 36. India Cyber Physical Systems (CPS) Market for Automotive, Revenue (USD Million) 2018 – 2032 66

FIG NO. 37. India Cyber Physical Systems (CPS) Market for Healthcare, Revenue (USD Million) 2018 – 2032 67

FIG NO. 38. India Cyber Physical Systems (CPS) Market for Manufacturing, Revenue (USD Million) 2018 – 2032 68

FIG NO. 39. India Cyber Physical Systems (CPS) Market for Energy & Utilities, Revenue (USD Million) 2018 – 2032 69

FIG NO. 40. India Cyber Physical Systems (CPS) Market for Others, Revenue (USD Million) 2018 – 2032 70

List of Tables

TABLE NO. 1. : India Cyber Physical Systems (CPS) Market: Snapshot 21

TABLE NO. 2. : Drivers for the Cyber Physical Systems (CPS) Market: Impact Analysis 25

TABLE NO. 3. : Restraints for the Cyber Physical Systems (CPS) Market: Impact Analysis 27

TABLE NO. 4. : India Cyber Physical Systems (CPS) Market Revenue, By Component, 2018 – 2023 36

TABLE NO. 5. : Key Raw Materials & Suppliers 37

TABLE NO. 6. : India Cyber Physical Systems (CPS) Market Revenue, By Component, 2018 – 2023 (USD Million) 71

TABLE NO. 7. : India Cyber Physical Systems (CPS) Market Revenue, By Component, 2024 – 2032 (USD Million) 71

TABLE NO. 8. : India Cyber Physical Systems (CPS) Market Revenue, By Deployment, 2018 – 2023 (USD Million) 72

TABLE NO. 9. : India Cyber Physical Systems (CPS) Market Revenue, By Deployment, 2024 – 2032 (USD Million) 72

TABLE NO. 10. : India Cyber Physical Systems (CPS) Market Revenue, By End-Use Industry, 2018 – 2023 (USD Million) 73

TABLE NO. 11. : India Cyber Physical Systems (CPS) Market Revenue, By End-Use Industry, 2024 – 2032 (USD Million) 73

Frequently Asked Questions

What is the current size of the India Cyber Physical Systems Market?

The India Cyber Physical Systems market is projected to grow from USD 3,679.53 million in 2024 to an estimated USD 9,308.01 million by 2032, reflecting a compound annual growth rate (CAGR) of 12.3% from 2024 to 2032.

What factors are driving the growth of the India Cyber Physical Systems market?

The growth is driven by government initiatives like the “Digital India” campaign, the shift towards Industry 4.0 in manufacturing, the increasing demand for automation across sectors, and advancements in IoT and AI, which enhance CPS capabilities.

What are some challenges faced by the India Cyber Physical Systems market?

The market faces challenges such as cybersecurity concerns, interoperability issues between different systems, and a shortage of skilled professionals needed for CPS implementation and maintenance.

Who are the major players in the India Cyber Physical Systems Market?

Major players include global companies like Siemens, Honeywell, and Intel, along with Indian firms such as Tata Consultancy Services (TCS) and Infosys, all contributing to the development and deployment of CPS solutions in various sectors.

Purchase Options

Single User

$2699

Multi User

$3699

Custom Report

$5699

Let us help you

MIKE, North America

+1 304 308 1216

KEITH PHILLIPS, Europe

+44 7809 866 263

EMAIL US

Request Sample

Report delivery within 24 to 48 hours

– Other Info –

–What people say?-

I am very impressed with the information in this report. The author clearly did their research when they came up with this product and it has already given me a lot of ideas.

Jana Schmidt
CEDAR CX Technologies

– Connect with us –