India Consumer Electronics Market Size & Outlook
India consumer electronics market, 2018-2030 (US$M)
Related Markets
India consumer electronics market highlights
- The India consumer electronics market generated a revenue of USD 78,461.3 million in 2023 and is expected to reach USD 145,592.1 million by 2030.
- The India market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, smartphones was the largest revenue generating product in 2023.
- E-readers is the most lucrative product segment registering the fastest growth during the forecast period.
Consumer electronics market data book summary
| Market revenue in 2023 | USD 78,461.3 million |
| Market revenue in 2030 | USD 145,592.1 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Smartphones |
| Fastest growing segment | E-readers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Smartphones, Tablets, Desktops, Laptops/Notebooks, Digital Cameras, Hard Disk Drives, Television, E-readers |
| Key market players worldwide | Apple Inc, Asustek Computer Inc DR, BlackBerry Ltd, Canon Inc, Dell Technologies Inc Ordinary Shares - Class C, Alphabet Inc Class A, HP Inc, HTC Corp DR, Huawei Technologies, Lenovo Group Ltd, LG Electronics Inc ADR, Motorola Solutions Inc, Nikon Corp, Panasonic Holdings Corp, Samsung Electronics Co Ltd, Seagate Technology Holdings PLC, Sony Group Corp, Toshiba Corporation, ZTE Corp Class H |
Other key industry trends
- In terms of revenue, India accounted for 6.9% of the global consumer electronics market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China consumer electronics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 145,592.1 million by 2030.
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Consumer Electronics Market Scope
Consumer Electronics Market Companies
| Name | Profile | # Employees | HQ | Website |
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India consumer electronics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to consumer electronics market will help companies and investors design strategic landscapes.
Smartphones was the largest segment with a revenue share of 51.26% in 2023. Horizon Databook has segmented the India consumer electronics market based on smartphones, tablets, desktops, laptops/notebooks, digital cameras, hard disk drives, television, e-readers covering the revenue growth of each sub-segment from 2018 to 2030.
In India, consumers typically prefer affordable, durable, and high-feature consumer electronics, including smartphones, laptops, tablets, and notepads. Similarly, the high internet penetration at a highly affordable cost, a large population base of the younger generation, and the rising standard of living in the country are some of the significant driving forces of the consumer electronics market in India.
Furthermore, rising government initiatives, such as the Production Linked Incentive (PLI) Scheme for large-scale electronics and IT hardware manufacturing and the Semicon India Program with an incentive outlay of USD 10 billion are also expected to establish the country as a global hub for display and semiconductor manufacturing. Thus, the abovementioned factors are expected to strengthen the growth of the Indian consumer electronics market.
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Our clientele includes a mix of consumer electronics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the India consumer electronics market , including forecasts for subscribers. This country databook contains high-level insights into India consumer electronics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India consumer electronics market size, by product, 2018-2030 (US$M)
India Consumer Electronics Market Outlook Share, 2023 & 2030 (US$M)
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