The Government of India projected that its ESDM (Electronics System Design and Manufacturing) market value would reach USD 400 billion by 2020. In the report Development of the India ESDM Industry, published by MIC (Market Intelligence & Consulting Institute), the market is expected to be driven by the growth of mobile phones, TV, STB (Set Top Box), LED lighting, automotive electronics, and power sector/renewable energy.
India is the world’s second largest mobile phone market and boasts 7.6% of the global smartphone market. MIC further examines the smartphone market and manufacturing process, and analyzes the practices of top suppliers sourcing the components. Inside the report titled Development Opportunities of the Smartphone Industry in India, MIC discusses the potential impact of manufacturing mobile components under the government’s proposed plan due to the increase in import duty. Based on the findings, more than USD 15 billion worth of components will be sourced locally by 2020. Therefore, MIC also pinpoints possible short-, mid-, and long-term business opportunities for key players who are interested to enter the smartphone supply chain in India.
About Market Intelligence & Consulting Institute (MIC)
Market Intelligence & Consulting Institute, headquartered in Taipei with a research network spanning across Asia, is ideally positioned to provide the intelligence, insight, and unique perspective necessary for our clients to make winning decisions. In a dynamic ICT environment filled with global perspectives, MIC’s insightful regional research uncovers nascent trends and untapped opportunities.
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