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Bengaluru, June 17, 2025 — India’s electronics manufacturing sector is set for a dramatic surge, potentially reaching a market size of $282–500 billion by 2030, as per a new report by PwC. Driven by global supply chain shifts and rising domestic capabilities, the report predicts India’s growing prominence as a global electronics hub, specifically in smartphones, semiconductors, and consumer electronics.
The report outlines three growth trajectories for the industry:
Achieving the upper range will depend on policy stability, infrastructure support, and strong private investments, the report emphasised.
As the global electronics supply chain undergoes a fundamental realignment, India is increasingly becoming a preferred destination for manufacturers looking to diversify beyond traditional markets like China. This shift has already begun yielding results, with substantial increases in domestic production of smartphones, IT hardware, and wearables.
“India aims to reach $500 billion of domestic production; the nation may reach $282 billion conservatively by 2030,” the report stated, quoted by ANI.
At present, India is the second-largest smartphone market globally, is projected to see its mobile and wearables segment grow to $159 billion by FY2030. The semiconductor industry, although still nascent, is expected to accelerate with the government’s strategic push and capital support.
Moreover, the IT hardware segment is forecast to expand to $32 billion, while a tenfold rise in demand for data servers will further propel electronics manufacturing capabilities.
India’s telecommunications infrastructure is undergoing rapid transformation. With data traffic rising 60x in the past five years, and 5G expected to account for over 65% of total data revenue by 2026, there will be increased demand for telecom electronics and related infrastructure.
The industrial electronics segment is also gaining traction, supported by emerging technologies such as EV chargers, smart factories, and industrial automation, all of which contribute to the sector’s robust outlook.
Despite the optimism, the report warns of potential headwinds. Capital expenditure limitations and policy execution challenges may slow down certain sub-sectors. Realising the $500 billion dream will require coordinated efforts from both government and industry, particularly in skilling, R&D, and ecosystem development.
Still, with rising demand, favourable policies, and a large talent pool, India is well-positioned to transform into a global powerhouse in electronics manufacturing by 2030.
Explore the full report here by PwC
