By 2025, the electronics industry in India is set to reach $400 billion. Some of the major factors driving this growth is development of smart cities and consumers demanding more intelligent products that are able to perform advance functions.
The biggest category at present is mobile devices but in near future it is likely to be overtaken by the 'smart ' electronic products.
- Definition / Scope
- Market Overview
- Top Market Opportunities
- Market Trends
- Industry Challenges
- Technology Trends
- Regulatory Trends
- Other Key Market Trends
- Market Size and Forecast
- Market Outlook
- Distribution Chain Analysis
- Competitive Landscape
- Key Market Players
- Strategic Conclusion
Definition / Scope
The term 'electronics' deals with circuits made up of components that control the flow of electricity.
Electronics industry in India and anywhere in the world mainly deals with two broad categories, electronic products which are everyday use products (utility products) enabled by electricity energy other electronic products are mostly used in cars, telecommunications and automation of manufacturing plants.
Electronic components are the core of the electronics or raw materials used to make electronic products.
- Electronic Products:
- Mobile devices: A mobile device is an electronic product, which runs on in-built batteries and are portable. The batteries are charged with help of electric chargers and thus, don't require electric wires. The segment holds largest market share in the industry. Most of the devices in the segment is represented by smartphones which are able to connect to other devices via Bluetooth.
- Industrial electronics:
- IT Automation: The segment consists of equipment, tools or processes that involve electrical tools in an industrial setting. The automation could be a laboratory, automotive plat, power plant or construction site etc. It is also used extensively in petroleum plants, mining and processing units, chemical processing plants among others. Some of the common types of products used include, variable frequency converter, inverter drives, human machine interfaces, hydraulic positioners and microprocessor-controlled robots.
- Automotive electronics: Some of the common products include, electronic headlights, AV systems, LED lights, electronic controllers among others. At present the segment accounts only 8% of the total market in India.
- Consumer electronics: These products are mainly used by the households, which is why they are also called consumer electronics. The segment is highly concentrated in India with top 5 players accounting more than 75% of the market. The average penetration of consumer electronic goods in India is 10%, which is much lower, compared to other country markets such as US and China. These products can further be divided into two sub-segments:
- Brown goods: In this segment products include, television, laptops, camcorders, digital cameras, electronic accessories, personal computers and audio video systems.
- White goods: The common products include, AC's, microwave ovens, refrigerators, washing machines, electric fans, cleaning equipment, kitchen appliances, home improvement appliances among others.
They are branch of electronic industry as a whole and mostly deal with powerful electronic systems such as sensors, analyzers, load cells, AC/DC drivers, data recorders, semiconductors, transistors, wave guides, scopes, amplifiers, circuit boards, timers, counters among others.
These products are either sold by the manufacturer of electronic products to other types of manufacturers of simply to other industries such as for construction purposes.