As per MRFR analysis, the India Electronic Manufacturing Services Market Size was estimated at 49.9 (USD Billion) in 2023.The India Electronic Manufacturing Services Market is expected to grow from 52.5(USD Billion) in 2024 to 100 (USD Billion) by 2035. The India Electronic Manufacturing Services Market CAGR (growth rate) is expected to be around 6.033% during the forecast period (2025 - 2035).
The market for electronic manufacturing services in India is expanding significantly due to a number of important market factors. The 'Make in India' and 'Atmanirbhar Bharat' programs, among other government initiatives, are promoting domestic production and drawing in investments in the electronics industry.
Furthermore, India is a desirable location for outsourcing electronic production due to its large pool of highly qualified workers and affordable cost structure. This market expansion is further supported by the rising demand for telecom equipment, consumer electronics, and automotive electronics. This dynamic market offers a number of chances to investigate.
Businesses can improve manufacturing processes and provide creative solutions by utilizing technological innovations like artificial intelligence (AI) and the Internet of Things (IoT). Growth is also possible due to the growing need for renewable energy sources and electric vehicles, as manufacturers can adjust to make parts for these industries.
Improved manufacturing capabilities result from partnerships between domestic companies and foreign players that promote knowledge transfer and expand the technology foundation. Recent patterns show that supply chains are becoming more localized as a result of global disruptions and a strong government push to encourage domestic manufacturing.
This pattern is consistent with recent directions to strengthen local capabilities and lessen reliance on imports. Furthermore, manufacturers are adopting green technology and processes as a result of the increased focus on sustainability and eco-friendly practices.
The demand for electronic components is further fueled by the widespread use of smart devices and improved connectivity, which fosters growth in the Indian market for electronic manufacturing services.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The Indian government has introduced various initiatives to boost the Electronic Manufacturing Services Market, notably the 'Make in India' initiative. This policy aims to enhance manufacturing capabilities and promote local production. The government has set a target of increasing the total manufacturing output to reach USD 1 trillion by 2025, which includes a significant focus on the electronics sector.
With policy support such as Production-Linked Incentive (PLI) schemes, the government is incentivizing companies to manufacture electronics domestically. Major companies, including Samsung and Foxconn, are now establishing factories in India, displaying their confidence in these reforms.
Recent statistics from the Ministry of Electronics and Information Technology indicate a 34% increase in domestic electronic manufacturing in the past three years, evidencing the robust impact of governmental initiatives on the India Electronic Manufacturing Services Market.
The increasing consumption of electronic devices in India is a significant driver for the India Electronic Manufacturing Services Market. With a population exceeding 1.4 billion, the demand for smartphones, laptops, and other consumer electronics is surging.
Reports from the Telecom Regulatory Authority of India suggest that smartphone shipments in India grew by 10% in the last fiscal year, hitting over 160 million units. Moreover, the Indian electronics market is anticipated to grow at a compound annual growth rate (CAGR) of about 10% annually from 2021 to 2026.
Firms like Xiaomi and Apple are ramping up their production in India to meet this growing demand, contributing to the expansion of the electronic manufacturing services sector.
The ongoing digital transformation in India is propelling the growth of the India Electronic Manufacturing Services Market. Businesses across sectors are increasingly adopting digital technologies to enhance operational efficiency and connectivity.
The National Association of Software and Service Companies reports that India's digital economy is projected to reach USD 1 trillion by 2025, with a significant portion attributed to electronics production and service.
Companies like Tata Consultancy Services and Infosys are investing in Research and Development (R&D) for innovative electronic manufacturing solutions. This shift towards greater digital integration in manufacturing processes is expected to drive demand for electronic services, further expanding the India Electronic Manufacturing Services Market.
The Service segment within the India Electronic Manufacturing Services Market encompasses a diverse range of offerings that play a crucial role in supporting the overall landscape of electronics manufacturing.
This segment includes Electronics Manufacturing Services, Engineering Services, Test and Development Implementation, Logistics Services, and various other critical components. The Electronics Manufacturing Services category focuses on the production of electronic components and devices, which is pivotal in keeping up with the escalating demand for consumer electronics in India.
Given the country's burgeoning technology sector and urbanization, the significance of Engineering Services is highlighted as it provides essential design and development support, facilitating innovation and efficient manufacturing processes.
Furthermore, Test and Development Implementation remains a cornerstone in ensuring the reliability and quality of electronic products before market release, reflecting the industry's emphasis on adherence to international standards and consumer safety.
Logistics Services are indispensable for the timely delivery of components, managing supply chains effectively, and addressing the geographical expanse of India's manufacturing hubs. Collectively, these services form a comprehensive ecosystem that addresses market growth driven by increasing digital adoption, government initiatives towards manufacturing self-reliance, and a shift towards sustainability.
However, challenges such as skill gaps and infrastructure bottlenecks persist, causing opportunities for investment and development in workforce training and modernization of facilities.
This Service segment is crucial not only for facilitating production but also for fostering collaboration among various stakeholders, thus enhancing the competitiveness of the India Electronic Manufacturing Services Market on a global scale.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
The India Electronic Manufacturing Services Market encompasses a diverse range of industries, significantly contributing to the nation's economy. The market includes sectors like Consumer Electronics, where demand for smart devices continues to escalate, driving innovation and production capabilities.
The Automotive industry is rapidly evolving with the integration of electric vehicles, creating new opportunities for manufacturing services. Heavy Industrial Manufacturing benefits from advancements in automation and robotics, enhancing efficiency and productivity.
Aerospace and Defense are critical segments where stringent quality standards and technological advancements play a vital role in manufacturing processes. The Healthcare sector is witnessing growth due to the rising demand for medical devices, spurred by increased health awareness and investments in healthcare infrastructure.
The IT and Telecom sector remains a backbone of modern communication systems, with significant contributions towards research and development activities. Other industries also play a crucial role in diversifying India's Electronic Manufacturing Services Market, showcasing the vast potential for growth and innovation across various segments.
This landscape is supported by government initiatives focused on boosting manufacturing and attracting foreign investments, setting the stage for a thriving market environment in the coming years.
The India Electronic Manufacturing Services Market is experiencing a significant transformation fueled by the rapid advancement of technology and increasing demand for electronic products.
As a key player in the global electronics landscape, India offers substantial opportunities for manufacturing service providers that cater to various industries including telecommunications, automotive, healthcare, and consumer electronics.
Competitive insights into this market reveal a diverse array of players striving for a stronger foothold, characterized by investments in innovation, upgrades to manufacturing capabilities, and partnerships with original equipment manufacturers.
The interplay of domestic and international firms has led to an increasingly competitive environment, where speed to market and quality are essential for gaining market share. This competitive landscape is further shaped by government initiatives aimed at bolstering domestic manufacturing, which attracts significant investment and propels the growth of electronic manufacturing services within the country.
Zebra Technologies has established a robust presence in the India Electronic Manufacturing Services Market by leveraging its innovative technology solutions, particularly in automatic identification and data capture.
The company distinguishes itself with its strong product portfolio that includes barcode scanners, mobile computing devices, and other advanced technologies tailored for various sectors such as retail, transportation, and logistics.
Zebra Technologies focuses on enhancing operational efficiency and supply chain visibility for its clients, which has solidified its position as a trusted partner within the electronic manufacturing domain. The company’s strengths lie in its deep understanding of customer needs, commitment to quality, and the ability to deliver cutting-edge solutions that cater to the dynamically changing market environment.
The strategic investments in research and development ensure that Zebra Technologies maintains its competitive edge, driving growth and operational excellence in India's evolving electronic manufacturing landscape.
Jabil operates as a significant player in the India Electronic Manufacturing Services Market, providing a range of services that encompass product design, manufacturing, and supply chain management across multiple industries, including healthcare, automotive, and industrial sectors.
The company's strengths are rooted in its extensive expertise in electronics and global supply chain optimization, allowing it to respond to intricate customer demands effectively. Jabil's market presence in India has been bolstered by its commitment to innovation and technology, ensuring that the solutions aligned with customer requirements are delivered on time and within budget.
The company focuses on key products and services such as printed circuit board assembly, system integration, and box build assembly. Additionally, Jabil has pursued strategic mergers and acquisitions to enhance its service offerings and expand its capabilities in the region.
This approach not only reinforces its market position but also facilitates the introduction of advanced technologies that support growing customer needs, ensuring competitive advantages in the ever-evolving electronic manufacturing landscape within India.
The India Electronic Manufacturing Services Market has seen significant developments in recent months, particularly with companies such as Tata Electronics, L&T Technology Services, and Flex strengthening their positions.
For instance, in July 2023, Tata Electronics announced plans to increase its manufacturing capacity to support rising demand for electronic components, aligning with India's push for self-reliance in electronics production.
In August 2023, L&T Technology Services secured a multi-million dollar contract from an international client, enhancing its service offerings within the automotive electronics sector. Notably, in September 2023, Vivo expanded its manufacturing facilities in India with an investment aimed at diversifying its product range and increasing local production.
In terms of mergers and acquisitions, Sanmina acquired a minority stake in an emerging electronics firm in India in June 2023, showcasing the trend of consolidation in the sector.
Furthermore, growth in this market is supported by government initiatives such as the Production-Linked Incentive scheme, which is expected to enhance the overall valuation of companies involved in electronic manufacturing, thus positively impacting their operational capabilities and market competitiveness.
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 49.9(USD Billion) |
| MARKET SIZE 2024 | 52.5(USD Billion) |
| MARKET SIZE 2035 | 100.0(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 6.033% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Zebra Technologies, Jabil, L&T Technology Services, Vivo, Sierra Space, Sanmina, HCL Technologies, Rugged LLC, NEC Corporation, Celestica, Wistron, Tata Electronics, Flex, Foxconn, Pegatron |
| SEGMENTS COVERED | Service, Industry |
| KEY MARKET OPPORTUNITIES | Growing demand for consumer electronics, Government initiatives for local manufacturing, Expansion in automotive electronics production, Increasing adoption of IoT devices, Rising investment in renewable energy sectors |
| KEY MARKET DYNAMICS | growing domestic demand, government initiatives, increasing foreign investments, supply chain diversification, technological advancements |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ) :
The India Electronic Manufacturing Services Market is expected to be valued at 52.5 USD Billion in 2024.
By 2035, the India Electronic Manufacturing Services Market is anticipated to reach a value of 100.0 USD Billion.
The expected CAGR for the India Electronic Manufacturing Services Market from 2025 to 2035 is 6.033%.
The Electronics Manufacturing Services segment is projected to dominate with a market value of 21.0 USD Billion in 2024.
By 2035, the Electronics Manufacturing Services segment is expected to grow to 40.0 USD Billion.
Major players in the market include Zebra Technologies, Jabil, L&T Technology Services, and Tata Electronics among others.
The Logistics Services segment is expected to be valued at 14.0 USD Billion by 2035.
Challenges will include competition in pricing and maintaining quality standards in a rapidly evolving market.
Growth opportunities lie in leveraging advanced technologies such as AI and IoT within manufacturing processes.
Geopolitical factors may affect supply chains and sourcing strategies, thus impacting market growth and stability.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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