Electronics boom ahead! India's production may hit $282–500 billion by 2030; supply chain shift to boost mobiles, semiconductors
India’s electronics manufacturing sector is set to witness robust and sustained growth as global supply chains undergo realignment, positioning the country as a major global manufacturing hub, according to a new report by PwC .
The report highlights that the electronics industry is in the midst of a significant transformation in its global supply network, and India has already seen considerable increases in the production of smartphones and other electronic devices. "India aims to reach $500 billion of domestic prodiction, the nation may reach $282 billion conservatively by 2030," stated the report, quoted by ANI.
The analysis presents three growth trajectories for the sector: a conservative scenario in which domestic production reaches $282 billion by 2030, a moderate scenario with production scaling up to $418 billion, and an ambitious scenario- aligned with NITI Aayog ’s targets- projecting output at $500 billion. Achieving the highest projection will depend on strong policy support and sustained investments.
According to the report, mobile phones, semiconductors, and consumer electronics are expected to be the primary growth drivers. However, some segments may experience slower progress due to capital expenditure constraints, which could temper the pace of overall sector development.
India is currently the world’s second-largest smartphone market, and the mobile and wearables segment is projected to grow to $159 billion by FY2030. The information technology hardware market is also expected to expand, with the electronics segment forecast to reach $32 billion in the same period. A tenfold increase in demand for data servers will further support domestic production growth.
The telecommunications sector is undergoing rapid changes. Data traffic has surged 60 times over the past five years, and by 2026, 5G services are expected to generate more than 65 per cent of total data revenue. This is likely to significantly increase demand for telecom electronics and supporting infrastructure.
Meanwhile, the industrial electronics segment is progressing steadily, with emerging areas such as electric vehicle chargers and smart industrial automation playing a vital role in driving future growth.
The report also states that India’s electronics manufacturing industry is well-positioned for substantial expansion. However, realising the ambitious goals will require consistent government policy backing, infrastructure development, and strategic investment in high-potential sectors.
The report highlights that the electronics industry is in the midst of a significant transformation in its global supply network, and India has already seen considerable increases in the production of smartphones and other electronic devices. "India aims to reach $500 billion of domestic prodiction, the nation may reach $282 billion conservatively by 2030," stated the report, quoted by ANI.
The analysis presents three growth trajectories for the sector: a conservative scenario in which domestic production reaches $282 billion by 2030, a moderate scenario with production scaling up to $418 billion, and an ambitious scenario- aligned with NITI Aayog ’s targets- projecting output at $500 billion. Achieving the highest projection will depend on strong policy support and sustained investments.
According to the report, mobile phones, semiconductors, and consumer electronics are expected to be the primary growth drivers. However, some segments may experience slower progress due to capital expenditure constraints, which could temper the pace of overall sector development.
India is currently the world’s second-largest smartphone market, and the mobile and wearables segment is projected to grow to $159 billion by FY2030. The information technology hardware market is also expected to expand, with the electronics segment forecast to reach $32 billion in the same period. A tenfold increase in demand for data servers will further support domestic production growth.
The telecommunications sector is undergoing rapid changes. Data traffic has surged 60 times over the past five years, and by 2026, 5G services are expected to generate more than 65 per cent of total data revenue. This is likely to significantly increase demand for telecom electronics and supporting infrastructure.
Meanwhile, the industrial electronics segment is progressing steadily, with emerging areas such as electric vehicle chargers and smart industrial automation playing a vital role in driving future growth.
The report also states that India’s electronics manufacturing industry is well-positioned for substantial expansion. However, realising the ambitious goals will require consistent government policy backing, infrastructure development, and strategic investment in high-potential sectors.
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