About Electronic Components Manufacturing Sub-Sector
Igniting Growth: Electronic Components Manufacturing in India.
India's electronic hardware sector is poised for explosive growth, with the demand expected to surge to USD 400 billion by 2025. This expansion is evident in the domestic production, which has nearly doubled, increasing from USD 37 billion in 2015-16 to a robust USD 74.7 billion in 2020-21, exhibiting an impressive CAGR of 17.9%. India's ambitious targets aim for electronic manufacturing to reach USD 300 billion and exports to USD 120 billion by 2026. Predominantly, electronic components are in high demand, especially in mobile phones, consumer electronics, and industrial electronics, which collectively contribute to 82% of the market. As India emerges as the world's second-largest mobile phone manufacturer, we invite you to seize the immense investment opportunities, further accelerated by the government's groundbreaking Modified Electronics Manufacturing Cluster (EMC 2.0) Scheme. Be part of the spark in India's electronic components manufacturing industry.