India’s high growth rates already make it one of the world’s most attractive markets. By 2050, India is expected to have the world’s third largest economy. The sector recording the strongest growth in India is – as is the case worldwide – the electronics industry.


Marketing Perspectives:

• Electronic hardware manufacturing in India to reach US$ 155 billion by 2015. The global market for electronic hardware will increase by 30% to US$ 320 billion by 2015.

• India’s share in the global semiconductor industry is estimated to be around EUR 26.5 billion by 2015, accounting for 6.537 percent of the global semiconductor revenues there are approximately 125 companies involved in designing semiconductors in India.

• India's total semiconductor consumption, met chiefly through imports is likely to exceed US$ 36 billion by the year 2015. Electronics – whether it is office automation, consumer electronics, medical electronics, telecommunications or industrial automation - will require more of the semiconductor industry in India.

• The contract manufacturing/electronic manufacturing services (EMS) sector in India has recieved a lot of stimulus in the last few years, boosted particularly by government initiatives to attract investments.

• India also offers high potential for electronic equipment manufacturing companies. The estimated production of EUR 113 billion in 2015 is expected to create an opportunity of EUR 11.33 billion for semiconductor companies and also for EMS companies.

• A number of multinational companies now have a presence in India’s EMS segment. These include Celestica, Elcoteq, Foxconn, Flextronics, Jabil, Solectron, who have set up operations in the last couple of years.

• SMT pick & place market to grow by 20-25% with India becoming a strong hub for electronics manufacturing, the demand for surface mount technology (SMT) equipment is also witnessing robust growth.