Consumer electronics market in india

How big is the consumer electronics industry?
India's consumer market is set to become the world's third largest by 2027 as the number of middle to high-income households rise, according to a report by BMI.
The country currently ranks fifth, but the Fitch Solutions company predicts a 29% increase in real household spending will push India up two spots..
How do you market consumer electronics products?
Revenue in the Consumer Electronics market amounts to US$69.5bn in 2023.
The market is expected to grow annually by 5.87% (CAGR 2023-2028).
The market's largest segment is the segment Telephony with a market volume of US$44.3bn in 2023..
What is the consumer electronics industry in India 2023?
The global consumer electronics market size was valued at US$ 723 billion in 2022 and is expected to hit US$ 1264.52 billion by 2032, poised to grow at a compound annual growth rate (CAGR) of 5.80% during the forecast period 2023 to 2032..
India's consumer market is set to become the world's third largest by 2027 as the number of middle to high-income households rise, according to a report by BMI.
The country currently ranks fifth, but the Fitch Solutions company predicts a 29% increase in real household spending will push India up two spots.
Post pandemic, the domestic consumer durables market has witnessed a significant growth.
In 2021, the Indian consumer durable industry was stood at US$ 9.85 billion is expected double these figures by within 4 years to reach US$ 21.2 billion.
However, Electronics hardware production stood at US$ 63.39 billion in 2021.

The market was valued at INR 5,363.70 Bn in 2021. It is expected to reach INR 12,898.89 Bn by 2027, expanding at a compound annual growth rate (CAGR) of ~15.77% during the 2022 - 2027 period.

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Consumer electronics market in india

How big is the consumer electronics industry?

How do you market consumer electronics products?

What is the consumer electronics industry in India 2023?