New Delhi: India’s electronics manufacturing sector is poised for significant expansion, driven by global supply chain realignments and rising domestic production, according to a new report by PwC.
The report highlights India’s growing stature as a global electronics hub and outlines three potential growth scenarios for the industry through 2030.
In the conservative scenario, domestic electronics production is projected to reach $282 billion, while the moderate estimate places the figure at $418 billion. The most ambitious target, aligned with NITI Aayog’s vision, projects output at $500 billion by 2030. Achieving this will require strong policy backing, infrastructure development, and increased investments.
The report identifies mobile phones, semiconductors, and consumer electronics as the primary growth drivers. India, already the world’s second-largest smartphone market, is expected to see its mobile and wearables segment grow to $159 billion by FY2030. The IT hardware market is also set to expand, with electronics expected to reach $32 billion by the same year.
A tenfold surge in data server demand, spurred by increased digitisation and cloud services, will further support domestic electronics production. The telecommunications sector, now undergoing rapid transformation, is also expected to contribute significantly. With data traffic rising 60 times over the past five years, 5G services are projected to generate over 65 per cent of total data revenue by 2026, driving demand for telecom electronics and infrastructure.
The industrial electronics segment is progressing steadily, with emerging opportunities in EV chargers and smart automation systems. However, the report also notes that growth in certain areas could be slowed by capital expenditure constraints, potentially limiting the overall pace of development.
PwC emphasises that sustained progress will depend on consistent government support, improved logistics and infrastructure, and strategic investment in high-potential areas like semiconductors and advanced manufacturing. India’s shift towards becoming a major global manufacturing hub is already underway, and the coming decade will be critical to solidifying its position.
With supportive policies and strong industry participation, India is well-positioned to transform its electronics ecosystem, boosting domestic capabilities and reducing dependency on imports.
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