Electronic Systems

With per capita disposable income and private consumption having doubled in the past 7 years, India has emerged as one of the largest markets for electronic products in the world.

The electronics market valued at $118 bn in 2019-20 is segmented as Mobile Phones (24%), Consumer Electronics (22%), Strategic Electronics (12%), Computer Hardware (7%), LEDs (2%) and Industrial Electronics (34%) comprising of Auto, Medical and other industrial electronic products.

• Over 2.5X growth in domestic electronics production in 5 years; From $29 bn (2014) to $75.7 bn (2019-2020)
• Over 5X growth in production of mobile phones in 5 years; from 60 mn units (2014-15) to 330 mn units (2019-20).
• Domestic Electronic Components market in India for 2019 is $20.8 bn (excluding imported PCB-Assemblies)
• Digital Transactions per capita per annum have increased ~10x in 5 years.
• India is a global R&D destination, with 1140+ R&D Centers of MNCs in India employing 900,000+ professionals
• Export of Electronic Goods was valued at $1146.63 bn in August 2021 with a positive growth of 31.49% over exports of $872.04 bn in August 2020.

In order to position India as a global hub for Electronics System Design and Manufacturing (ESDM), the Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing, Production Linked Incentive Scheme (PLI) for IT Hardware, Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and Modified Electronics Manufacturing Clusters Scheme (EMC 2.0) have been notified. Refer to the Schemes for Electronics Manufacturing microsite for further details.