According to IMARC Group’s latest report, titled “Indian Mobile Components Manufacturing and Assembly Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, offers a comprehensive analysis of the industry, which comprises insights on the Indian mobile components manufacturing and assembly market share. 

The Indian mobile components manufacturing and assembly market size reached US$ 44.5 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 118.5 Billion by 2027, exhibiting a growth rate (CAGR) of 17.4% during 2022-2027. India is currently the second largest producer of mobile handsets by volume in the world. Driven by the improvement in internet services across rural and urban India, smartphones have found high penetration among the tech-savvy population, which is catalyzing the demand for mobile phone components. According to the estimates by India Cellular and Electronics Association, initiatives like Phase Manufacturing Programme (PMP) have led the country to establish 268 mobile phone assembling units across the country. This program assists in making local mobile phone assembly cheaper than imports by imposing a countervailing duty. Moreover, the Government of India, under the Make in India initiative, is continually improving upon the technology to provide affordable mobile phone components. This initiative was designed to foster innovation, facilitate investment, boost skill development and improve manufacturing infrastructure in the country.

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Indian Mobile Components Manufacturing and Assembly Market Trends:

Owing to rising internet penetration and inflating disposable incomes in India, users are spending extensively on smartphones, which is contributing to an increase in the number of domestic manufacturing and assembly units in the country. Additionally, the average selling prices (ASP) of smartphones have been declining in the region on account of market saturation. This has made mobile phones extremely affordable for Indian citizens. Moreover, the escalating popularity of 4G in the country is driving the demand for 4G Long Term Enabled (LTE)-enabled mobile phones. This, coupled with the easy availability of low-cost labor, has led numerous investors to enter and invest heavily in the Indian smartphone manufacturing industry. They are setting up their manufacturing plants in the country with the aim of enhanced production and increased profitability. For instance, in 2018, the South Korean technology giant, Samsung, inaugurated the world’s largest mobile manufacturing unit in Noida, Uttar Pradesh. Further, the Government of India is taking initiatives to promote digitalization. Launched in 2015, the Digital India campaign by the Government of India is one such initiative which aims at transforming India into a digitally empowered society and knowledge economy.

Indian Mobile Components Manufacturing and Assembly Market 2022-2027 Competitive Analysis and Segmentation:

The competitive landscape of the Indian mobile components manufacturing and assembly market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:

• 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 Market Segmentation:

The report has segmented the Indian mobile components manufacturing and assembly market on the basis of mobile type, mobile components, domestic manufacturing vs. assembly and region.

Breakup by Mobile Type:

• Smartphones
• Feature Phones
• Others

Breakup by Mobile Components:

• Main Board and Sensor Flex
• Display/Touchscreen
• Camera (Primary/Secondary)
• Battery Pack

Breakup by Domestic Manufacturing Vs. Assembly:

• Assembly
• Domestic Manufacturing

Regional Insights:

• Uttar Pradesh
• Andhra Pradesh
• Telangana
• Others

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Key highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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