 Indian Electronics Industry >> The Indian Market
The growing Indian market for electronic products is over US$25 bn and is growing at about ~30% per annum ! At this rate it is projected to exceed US$ 70 bn by 2010 and US$158 Bn by 2015. |
The growing Indian market for electronic products is over US$25 bn and is growing at about ~30% per annum ! At this rate it is projected to exceed US$ 70 bn by 2010 and US$158 Bn by 2015. This growth has attracted global players to India and leaders like Solectron, Flextronics, Jabil, Nokia, Elcoteq and many more have made large investments to access the Indian market. In consumer electronics Korean companies such as LG and Samsung have made commitments by establishing large manufacturing facilities and now enjoy a significant share in the growing market for products such as Televisions, CD/DVD Players, Audio equipment and other entertainment products.
The growth in telecom products demand has been breathtaking and India is adding 2 million mobile phone users every month ! With telecom penetration of around 10%, this growth is expected to continue atleast over the next decade. Penatration levels in other high growth products are equally and growth in demand for Computer/ IT products, auto electronics, medical, industrial, as well as consumer electronics is equally brisk. Combined with low penetration levels and the Indian economy growing at an impressive 7% per annum, the projection of a US$150 Bn + market is quite realistic and offers an excellent opportunity to electronics players worldwide.
| Sector |
2001-02 |
2002-03 |
2003-04 |
2004-05 |
2005-06 |
2006-07 |
CAGR% |
| Consumer Electronics |
130000 |
154000 |
182000 |
215000 |
254000 |
300000 |
18 |
| Industrial Electronics |
45000 |
47000 |
49000 |
52000 |
54000 |
58000 |
5 |
| Computer H/W |
40000 |
48000 |
57000 |
69000 |
84000 |
100000 |
20 |
| Comm. & Broadcasting |
50000 |
56000 |
61000 |
69000 |
76000 |
84000 |
11 |
| Strategic Electronics |
19000 |
21000 |
22000 |
24000 |
26000 |
28000 |
8 |
| Components |
60000 |
69000 |
79000 |
91000 |
106000 |
120000 |
15 |
| Total |
344000 |
395000 |
450000 |
520000 |
600000 |
690000 |
15 |
This is projected assuming existing policy framework and infrastructure
Actual Production in 2001-02, 2002-03 and 2003-04 (Rs Million)
| Sector |
2001-02 |
2002-03 |
2003-04 |
| Consumer Electronics |
127000 |
138000 |
152000 |
| Industrial Electronics |
45000 |
55500 |
61000 |
| Computer H/W |
35500 |
42500 |
68000 |
| Comm. & Broadcasting |
45000 |
48000 |
53500 |
| Strategic Electronics |
18000 |
25000 |
27500 |
| Components |
57000 |
66000 |
76000 |
| Total |
327500 |
375000 |
438000 |
Hardware Vs Software Production (Rs Million)
Production Trends In Major Hardware Sectors (Rs Million)
Production Trends For Selected Components (Rs Million)
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