India’s electronic component market is expected to reach $240 billion by 2030.
In 2024, India's electronics production more than doubled, reaching $115 billion.
India's semiconductor market to grow at 13%, reach $103 billion by 2030.
India’s semiconductor imports surged 18.5% in 2024; consumption will rise to $64 billion by 2026.
In FY 2024, India imported semiconductor devices worth $20.7 billion.
India’s Printed Circuit Board (PCB) market is expected to grow from $6.3 billion in 2024 to $24.7 billion in 2033, exhibiting a CAGR of 15.58% from 2025 to 2033.
The Indian government has allocated $8.7 billion to bolster domestic semiconductor production.
Imports of electronic components increased from $25.1 billion in 2022-23 to $34.4 billion in 2023-24.
India imported 934 shipments of Amplifier Systems from Mar 2023 to Feb 2024 (TTM).
Electronics :
India's electronics production reached $115 billion in 2023-24, with its contribution to GDP to increase from 2.7% in 2022 to 4.7% in 2026.
The growing display market, fuelled chiefly by electronic displays, is set to increase from $5.6 million in 2024 to $8.4 million in 2033, exhibiting a CAGR of 4.6% from 2025-2033.
Imports of electronic goods grew 61% from $54.3 billion in 2019-20 to $83.4 billion in 2023-24.
India’s domestic production increased from $48 billion in 2016-17 to $115 billion in FY 24.
Exports of electronics are anticipated to rise from $29.1 billion in 2024 to $61 billion in 2030.
IT Hardware & Systems :
The Indian IT Hardware Market size is estimated at $21.17 billion in 2025, and is expected to reach $29.84 billion by 2030, at a CAGR of 7.1%.
Between April 2024 to July 2024, India’s imports of laptops and personal computers totalled $1.7 billion.
India's data centre capacity is projected to double from 0.9 GW in 2023 to approximately 2 GW by 2026, driven by increasing digitization and data localization trends.
