The Indian mobile components manufacturing and assembly market size reached US$ 62.3 Billion in 2023. Looking forward, the market is projected to reach US$ 222.8 Billion by 2032, exhibiting a growth rate (CAGR) of 15.21% during 2023-2032.
Mobile phones are made with a combination of different parts and components including a circuit board, microphone, display, speaker, sim card holder, buzzer, vibrator, monitor battery, antenna, etc. Amongst these, circuit board acts as the brain of the device as it helps in the overall functioning of the phone by converting digital signals to analog and vice versa. In recent years, India has made significant progress in terms of manufacturing mobile phone components. With growing government efforts under the ‘Make in India’ movement, manufacturers have started to adopt new technologies so as to provide innovative mobile phone components.
While the launch of feature phones during the last decade of the 20th century established strong penetration, introduction of smartphones stimulated the market further. Driven by the growth in Internet services, smartphones found high penetration among the urban/Internet savvy population, thereby driving the demand for mobile phone components.
India’s demographic profile has experienced a characteristic evolution, which is highly favorable to the mobile phone adoption. Factors such as a large young population, strong working-age population, rising number of working women, and the growth of the Indian middle class have evolved to represent the most influential segments of the population generating new social, technological, and economic trends.
India has a large pool of unskilled, semi-skilled and skilled labor in the major manufacturing states. The easy availability and low cost of labor has encouraged investors to enter the Indian smartphone manufacturing industry.
Continuous technological advancements are pushing mobile phone manufacturers to shorten the product lifecycle and launch new products frequently, for both first-time and replacement consumers. This is fueling the demand for basic mobile phone components such as PCB (Printed Circuit Board), connectors, plastics, metals and acoustics.
Due to the favorable business initiatives by the government, India is expected to witness swift inflow of foreign investments in the next few years. For instance, Samsung has recently inaugurated world’s largest mobile phone factory in Noida, Uttar Pradesh, giving huge boost to the mobile phone manufacturing industry in the country. Apart from Samsung, several other Chinese phone manufacturers are expected to expand their manufacturing capacity or set up a new plant in the country during the forecast period.
Although most of the mobile phone manufacturers in India are involved in assembly applications, the growing number of favorable governments schemes are prompting the manufacturers to invest in local value addition and indigenous research.
2. What is the expected growth rate of the Indian mobile components manufacturing and assembly market during 2024-2032?
3. What are the key factors driving the Indian mobile components manufacturing and assembly market?
4. What has been the impact of COVID-19 on the Indian mobile components manufacturing and assembly market?
5. What is the breakup of the Indian mobile components manufacturing and assembly market based on the mobile type?
6. What is the breakup of the Indian mobile components manufacturing and assembly market based on the mobile components?
7. What is the breakup of the Indian mobile components manufacturing and assembly market based on the assembly and domestic manufacturing?
8. What are the key regions in the Indian mobile components manufacturing and assembly market?
9. Who are the key players/companies in the Indian mobile components manufacturing and assembly market?
Mobile phones are made with a combination of different parts and components including a circuit board, microphone, display, speaker, sim card holder, buzzer, vibrator, monitor battery, antenna, etc. Amongst these, circuit board acts as the brain of the device as it helps in the overall functioning of the phone by converting digital signals to analog and vice versa. In recent years, India has made significant progress in terms of manufacturing mobile phone components. With growing government efforts under the ‘Make in India’ movement, manufacturers have started to adopt new technologies so as to provide innovative mobile phone components.
Indian Mobile Components Manufacturing and Assembly Market Trends
India is currently the second-largest manufacturer for mobile phones in the world, on account of rapid internet penetration, mounting disposable incomes and a large base of tech-savvy consumers. The large and growing demand for mobile phones has led to the rapid development of the domestic manufacturing and assembly units in India.While the launch of feature phones during the last decade of the 20th century established strong penetration, introduction of smartphones stimulated the market further. Driven by the growth in Internet services, smartphones found high penetration among the urban/Internet savvy population, thereby driving the demand for mobile phone components.
India’s demographic profile has experienced a characteristic evolution, which is highly favorable to the mobile phone adoption. Factors such as a large young population, strong working-age population, rising number of working women, and the growth of the Indian middle class have evolved to represent the most influential segments of the population generating new social, technological, and economic trends.
India has a large pool of unskilled, semi-skilled and skilled labor in the major manufacturing states. The easy availability and low cost of labor has encouraged investors to enter the Indian smartphone manufacturing industry.
Continuous technological advancements are pushing mobile phone manufacturers to shorten the product lifecycle and launch new products frequently, for both first-time and replacement consumers. This is fueling the demand for basic mobile phone components such as PCB (Printed Circuit Board), connectors, plastics, metals and acoustics.
Due to the favorable business initiatives by the government, India is expected to witness swift inflow of foreign investments in the next few years. For instance, Samsung has recently inaugurated world’s largest mobile phone factory in Noida, Uttar Pradesh, giving huge boost to the mobile phone manufacturing industry in the country. Apart from Samsung, several other Chinese phone manufacturers are expected to expand their manufacturing capacity or set up a new plant in the country during the forecast period.
Although most of the mobile phone manufacturers in India are involved in assembly applications, the growing number of favorable governments schemes are prompting the manufacturers to invest in local value addition and indigenous research.
Key Market Segmentation
This report provides an analysis of the key trends in each sub-segment of the Indian mobile components manufacturing and assembly market report, along with forecasts at the country and state level from 2024-2032. The report has categorized the market based on mobile type, mobile components, and assembly and domestic manufacturing.Breakup by Mobile Type:
- Smartphones
- Feature Phones
- Other Phones
Breakup by Mobile Components:
- Main Board and Sensor Flex
- Display/Touchscreen
- Camera (Primary/Secondary)
- Battery Pack
- Others
Breakup by Assembly and Domestic Manufacturing:
- Assembly
- Domestic Manufacturing
Regional Insights:
- Uttar Pradesh
- Andhra Pradesh
- Telangana
- Others
Competitive Landscape
The market consists of numerous small and large players who compete in terms of prices and quality. Some of the leading players operating in the market are:
- Samsung Electronics Co. Ltd.
- Xiaomi Corporation
- Lenovo Group Ltd.
- Micromax Informatics Limited
- Oppo Guangdong Mobile Communications Co. Ltd.
- Vivo Mobile Communications Co. Ltd.
- Lava International Limited
- Karbonn Mobiles
- Intex Technologies
Key Questions Answered in This Report
1. How big is the Indian mobile components manufacturing and assembly market?2. What is the expected growth rate of the Indian mobile components manufacturing and assembly market during 2024-2032?
3. What are the key factors driving the Indian mobile components manufacturing and assembly market?
4. What has been the impact of COVID-19 on the Indian mobile components manufacturing and assembly market?
5. What is the breakup of the Indian mobile components manufacturing and assembly market based on the mobile type?
6. What is the breakup of the Indian mobile components manufacturing and assembly market based on the mobile components?
7. What is the breakup of the Indian mobile components manufacturing and assembly market based on the assembly and domestic manufacturing?
8. What are the key regions in the Indian mobile components manufacturing and assembly market?
9. Who are the key players/companies in the Indian mobile components manufacturing and assembly market?
Table of Contents
1 Preface3 Executive Summary
2 Scope and Methodology
4 Introduction
5 Global Mobile Components Manufacturing and Assembly Market
6 Indian Mobile Components Manufacturing and Assembly Market
7 Market Breakup by Mobile Components
8 Market Breakup by Assembly and Domestic Manufacturing
9 Market Breakup by Mobile Type
10 Competitive Landscape
11 Mobile Manufacturing Process
12 Profile of Key Players
List of Figures
List of Tables
Companies Mentioned
- Samsung Electronics Co. Ltd.
- Xiaomi Corporation
- Lenovo Group Ltd.
- Micromax Informatics Limited
- Oppo Guangdong Mobile Communications Co. Ltd.
- Vivo Mobile Communications Co. Ltd.
- Lava International Limited
- Karbonn Mobiles
- Intex Technologies
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 119 |
Published | April 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 62.3 Billion |
Forecasted Market Value ( USD | $ 222.8 Billion |
Compound Annual Growth Rate | 15.2% |
Regions Covered | India |
No. of Companies Mentioned | 9 |