India Electronic Products Market (2022-2028) | Outlook, Share, Growth, Size, Industry, Revenue, Forecast, Analysis, Trends, Value, Segmentation & COVID-19 IMPACT

India Electronic Products Market Synopsis

The India Electronic Products Market is anticipated to evolve during the forecast period. With the recent boom in e-commerce and a rapidly growing population, the India Electronic Products Market is experiencing rapid growth. The Indian electronic products market is witnessing an unprecedented upsurge in demand. 

Despite this growth, the industry confronts various challenges. One challenge is a lack of awareness about these products among consumers in the country. Another challenge is that there are few local brands in the Indian electronics market, which could limit the appeal of these products to buyers.

According to 6Wresearch, the India Electronic Products Market size is expected to grow during 2022-2028. Electronic products are obtaining popularity in India, since the country strives to move away from conventional methods of communication. The growth of the India Electronic Products Market is attributed to factors such as increasing consumption of electronics in developed countries, increasing demand for smart devices, and growing investments in R&D for new electronic products. However, rising patent costs and stringent regulations are restraining the growth of the global electronic products market.

COVID-19 impact on India Electronic Products Market

The outbreak of COVID-19 disease acted as a significant challenge on the India Electronic Products manufacturing industry in 2020 since supply chains were disrupted owing to trade restrictions and consumption downfall. The lockdown in the country because of the excessive spread of the virus affected the market growth significantly. Masses did not urge to spend on any product that does not align with their basic needs, therefore, the India Electronic Products Industry suffered. 

Market Analysis by Type

On the basis of type, the market is segmented into Audio and Video Equipment, Semiconductor, and Other Electronic Component. Among these, the semiconductor segment will progress well in the market in the years to come. The demand for other electronic components will also rise. 

Market Analysis by End User

On the basis of end user, the market is segmented into B2B and B2C. The B2B segment is estimated to grow more at a rapid pace. The demand for this segment started increasing. 

Market Analysis by Sales Channel

On the basis of sales channel, the market is segmented into OEM and Aftermarket. The OEM segment is anticipated to evolve effectively and rapidly in the years to come. 

Market Analysis by Mode

On the basis of mode, the market is segmented into offline and online. The offline segment is anticipated to grow smoothly in the years to come. Offline segment assists people to see quality of the products they are purchasing better, which is not possible with online segment. 

Competitive Landscape

Electronic products are gaining popularity in India, as the country strives to move away from traditional methods of communication. The Electronic Products Market in India is competitive. This competition in the market will be more intense. The competitive landscape in the Electronic Products Market in India is dominated by domestic manufacturers such as Xiaomi and Lenovo, as well as multinationals such as Samsung and Apple. Indian players in the market are concentrating on expanding into new markets like automotive and healthcare electronics.

Market Drivers 

Some of the major factors that are driving growth in the Indian electronic products market include increasing consumer spending on electronic gadgets and appliances, growing demand for high-end electronics, expansion of retail channels, increasing awareness about the benefits of using electronic products, and growing demand from government sectors. 

Key Market Trends and Opportunities

The electronic products market in India is expected to evolve in upcoming years. Factors such as increasing consumer spending, growing adoption of electronic products, and rising demand for eco-friendly electronics are driving the growth in the market. 

Key attractiveness of the report

• COVID-19 Impact on the Market.
• 10 Years Market Numbers.
• Historical Data Starting from 2018 to 2021.
• Base Year: 2021.
• Forecast Data until 2028.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Electronic Products Market Outlook
• Market Size of India Electronic Products Market, 2021
• Forecast of India Electronic Products Market, 2028
• Historical Data and Forecast of India Electronic Products Revenues & Volume for the Period 2018 - 2028
• India Electronic Products Market Trend Evolution
• India Electronic Products Market Drivers and Challenges
• India Electronic Products Price Trends
• India Electronic Products Porter's Five Forces
• India Electronic Products Industry Life Cycle
• Historical Data and Forecast of India Electronic Products Market Revenues & Volume By Type for the Period 2018 - 2028
• Historical Data and Forecast of India Electronic Products Market Revenues & Volume By Audio And Video Equipment for the Period 2018 - 2028
• Historical Data and Forecast of India Electronic Products Market Revenues & Volume By Semiconductor for the Period 2018 - 2028
• Historical Data and Forecast of India Electronic Products Market Revenues & Volume By Other Electronic Component for the Period 2018 - 2028
• Historical Data and Forecast of India Electronic Products Market Revenues & Volume By End-Use for the Period 2018 - 2028
• Historical Data and Forecast of India Electronic Products Market Revenues & Volume By B2B for the Period 2018 - 2028
• Historical Data and Forecast of India Electronic Products Market Revenues & Volume By B2C for the Period 2018 - 2028
• Historical Data and Forecast of India Electronic Products Market Revenues & Volume By Sales Channel for the Period 2018 - 2028
• Historical Data and Forecast of India Electronic Products Market Revenues & Volume By OEM for the Period 2018 - 2028
• Historical Data and Forecast of India Electronic Products Market Revenues & Volume By Aftermarket for the Period 2018 - 2028
• Historical Data and Forecast of India Electronic Products Market Revenues & Volume By Mode for the Period 2018 - 2028
• Historical Data and Forecast of India Electronic Products Market Revenues & Volume By Online for the Period 2018 - 2028
• Historical Data and Forecast of India Electronic Products Market Revenues & Volume By Offline for the Period 2018 - 2028
• India Electronic Products Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By End-Use
• Market Opportunity Assessment By Sales Channel
• Market Opportunity Assessment By Mode
• India Electronic Products Top Companies Market Share
• India Electronic Products Competitive Benchmarking By Technical and Operational Parameters
• India Electronic Products Company Profiles
• India Electronic Products Key Strategic Recommendations

Market Covered

The report offers a comprehensive study of the subsequent market segments:

By Type

• Audio
• Video Equipment
• Semiconductor
• Other Electronic Component 

By End User

• B2B
• B2C 

By Sales Channel

• OEM
• Aftermarket 

By Mode

• Offline
• online