Consumer electronics market size in india

What is the size of electronics component market in India?
Currently, the electronics market in India is valued at $155 Bn with domestic production accounting for 65%..
Technology transitions such as the rollout of .
1. G networks and IoT are driving the accelerated adoption of electronics products
What is the size of Indian electronic components market?
Post pandemic, the domestic consumer durables market has witnessed a significant growth.
In 2021, the Indian consumer durable industry was stood at US$ 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..

How big is the India consumer electronics market?

The India consumer electronics market size was valued at USD 73

73 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6

8% from 2023 to 2030

India provides a worldwide opportunity for short to medium-term growth in consumer electronics spending

The production output of its electronics was almost five trillion Indian rupees in financial year 2021

In the early 2000s, the majority of demand for electronic products was met by imports

With the help of government incentives and foreign investments, India has seen fast development in its electronics production capacity

The market size of the Consumer Electronics segment in the region has seen a compound annual growth rate of negative 0

7% from the period 2017-2021

The reduction in CAGR was mainly on account of the Covid-19 pandemic which impacted the region in 2020

The India consumer electronics market size was valued at USD 73.73 billion in 2022and is expected to grow at a compound annual gro…