India's Electronics Manufacturing Sector Projected To Reach USD 282 Bn By 2030: PwC

New Delhi, Jun 12 (KNN) India's electronics manufacturing sector is positioned for substantial growth, with consulting firm PwC projecting the industry will reach USD 282 billion by 2030, representing a conservative estimate compared to the Indian government's USD 500 billion target.

The forecast indicates the sector could experience 2.8 times growth over a six-year period.

The mobile devices and wearables segment is expected to drive this expansion, accounting for USD 160 billion of the projected total value.

PwC characterised India as ‘a melting point of a lot of investments,’ citing the country's horizontal approach that enables growth across multiple industries.

Growth projections vary significantly based on policy execution, with estimates ranging from USD 282 billion to USD 418 billion depending on whether central and state governments successfully deliver on infrastructure development and other planned initiatives.

This variability reflects the sector's dependence on government support and policy implementation.

Sujay Shetty, Executive Director for Electronics System Design and Manufacturing and Semiconductors, PwC India, noted that major brands operating in India are increasing their investment commitments.

The consulting firm has observed heightened interest from infrastructure developers, data centres, and electronics component manufacturers, while other sectors are experiencing slower capital expenditure growth.

The electronics manufacturing sector's expansion is expected to make it comparable to India's automotive sector and potentially position it as the largest manufacturing contributor to the country's gross domestic product by 2030.

This growth trajectory is particularly significant given India's current status as the world's second-largest smartphone market.

International technology companies are taking notice of India's manufacturing potential, with researchers highlighting Apple's consideration of expanded investments in the country.

This interest from global players underscores India's emerging role as a manufacturing hub beyond its traditional strengths in software and services.

The information technology segment within India's electronics ecosystem is projected to reach USD 32 billion by 2030. Demand for data servers is expected to increase tenfold due to technological advances and digital transformation initiatives across industries.

Telecommunications infrastructure is experiencing rapid expansion, with PwC documenting a 60-fold increase in data traffic over the past five years.

The firm projects that more than 65 percent of data revenue will be generated from 5G services by 2026, reflecting the ongoing transition to next-generation wireless technology and its economic impact on the sector.

(KNN Bureau)