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Electronics & Electrical Industry in India

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ELECTRONICS AND ELECTRICAL SECTOR OVERVIEW

Statistics, news & updates: everything you need to know about the Electronics & Electrical Industry in India

Indian Electronics Industry Growth at a healthy pace in Consumer Electronics-M+V Altios

Growth Drivers​

  • The market is expected to witness 2.3xdemand of its current size (FY19) to reach US$ 160 billion by FY25.​

  • In 2021-22, the total budget allocation towards the ‘Digital India’ program is US$ 936.19 million. ​

  • As per Union Budget 2021-22, the Ministry of Electronics and Information Technology(MeitY) has been allocated US$ 1.33 billion.​

Sub industries​

  • Electrical Equipment & Components

  • Electronic Components Semiconductors& PCBs

  • Electronic Equipment & Measurement Instruments​

  • Motors, Generators & Transformers

  • Telecommunication equipment &components​

  • Hardware, Storage & Peripherals​

Opportunities

  • Indian Electrical Equipment Industry Mission Plan (2012-22), aims to make India as a preferred destination for production of electrical equipment. It also aims to achieve an output of USD 100 Bn by balancing the trade deficit in the sector.​

  • Market-oriented reforms, such as the target of ‘Power for All’ plans to add 93 GW by 2022 is expected to generate huge demand for power transmission & distribution equipment.

  • Incentives for capacity addition in power generation will further increase the demand for electrical machinery.​

  • India is home to considerable talent for electronic chip design, embedded software and has strong design and R&D capabilities.​

Challenges

  • Shortage of skilled resources in the Indian electronics industry.

  • Infrastructure-related challenges such as irregular power supply, inconsistent water supply, and inefficient logistics result in delays.​

  • The cost of manufacturing is high as basic raw materials have to be imported coupled with high import and customs duties, thus making profit margins slimmer

    How we can help you:
    – Product-Pricing analysis

    – Strategies for – product/service localization

    – Market research to sell effectively

Summary/Snapshot​

  • The industry in value terms is expected to record a CAGR of 16.6% to reach $ 540 bn by 2025.​

  • India’s exports of electronic goods were valued at US$ 11.7 billion in FY21.​

  • The consumer electronics and appliances industry in India is expected to become the fifth-largest in the world by 2025.​

  • Electrical equipment market production is estimated to touch USD 100 Bn by 2022. ​

  • The sector contributes about 8% to the manufacturing sector in terms of value, and 1.5% to overall GDP.​

  • India’s digital base is the second largest in the world and is growing at the second-fastest rate among the 17 leading economies.​

     

Electronics and Electricals

Key Investment Opportunities

Electrical 

  • Generation Equipment: Boilers, Turbines, Generators

  • Transmission Equipment: Transformers

  • Distribution Equipment: Switch Gears, Controls

  • Others: Electrical Motors, Wires and Cables​

Electronics

  • Mobile phone manufacturing​

  • Semi-conductor wafer fabrication manufacturing ​

  • Wearable devices manufacturing​

  • Solar cells and modules manufacturing

  • Research, innovation and skill development support in emerging technology areas such as Augmented Reality (AR), Virtual Reality (VR), drones, robotics, additive manufacturing, etc.

  • LED and Liquid Crystal Display (LCD) manufacturing​

COVID Impact​

How has COVID affected the industry?

  • The electronics industry in India has suffered challenges on both supply and demand-side because of the pandemic which made its sales declined to 6-7% in 2019-20.​

  • The spread of coronavirus pushed down the sales of top electronic companies and smartphone makers which have major supplies to India.​

  • An estimated job loss in the sector was about 3.45 lakh.​

Key Players in India

National

  • Bharat Electronics ​

  • Crompton Greaves ​

  • Bajaj Electricals ​

  • Wipro Lighting​

  • Videocon ​

  • Sterlite Technologies ​

  • Centum Electronics ​

     

International

  • Nokia ​

  • LG​

  • Samsung​

  • Microsoft​

  • Siemens​

  • Bosch​

  • Flextronics

  • Schneider ​

  • Kelvin Electrical

  • Jabil Circuits

  • Texas

  • Instruments ​

     

Map Clusters

Map- Industry Clusters - Electronics
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