Summary
The electronics market in India was pegged at US$ 11.5 billion in 2004. The market is expected to grow at a CAGR of 23% by 2010, reaching US$ 40 billion. An important market that India faces competition with is China, with an electronics market worth US$ 271.97 billion in 2004. Chinas market is expected to grow at a CAGR of 19% over the next five years, contributing a major share to the world market, 30%, by 2010. While China will be a significant market in electronics manufacturing in terms of market size, India is an important market with an expected growth rate that is higher than that of China.
Key players in the Indian electronics market are Flextronics, Jabil Circuits, TVS Electronics, Solectron Centum, LG Electronics, Tata Infotech, Samsung India, Celetronix India and Bharat Electronics Ltd. Emerging new players include D-Link and WeP, while Samtel and Tyco are already significant and will continue to emerge as global players in the export arena. Nokia and Elcoteq are expected to set up manufacturing plants for handsets in south India.
This report not only outlines the electronics industry in India, providing production information as well as a forecast of the market by electronics segments, it also presents a complete comparative analysis between India and China in terms of key electronics industries and markets. Market drivers and challenges for both India and China are discussed in detail.
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