Global Indian Mobile Components Manufacturing and Assembly Market Overview:
The Indian Mobile Components Manufacturing and Assembly Market Size was estimated at 18.76 (USD Billion) in 2022. The Indian Mobile Components Manufacturing and Assembly Market Industry is expected to grow from 23.97(USD Billion) in 2023 to 217.21 (USD Billion) by 2032. The Indian Mobile Components Manufacturing and Assembly Market CAGR (growth rate) is expected to be around 27.75% during the forecast period (2024 - 2032).
Key Indian Mobile Components Manufacturing and Assembly Market Trends Highlighted
Some drivers for the Indian Mobile Components Manufacturing and Assembly Market include increasing propensity for smartphones, the government’s “Make in India” campaign, and an increased pool of labor. For example, the mobile components manufacturing industry is being encouraged by the government through various schemes and policies, making the country attractive to local and foreign manufacturers. Other factors that are likely to boost the demand for mobile components include the emerging trend of 5G technology, which is expected to propel the market further. Market growth is also expected from the penetration of very small market niches such as the production of components for 5G devices and the development of ultra cheapma type phones that efficiently address mobile requirements. Cooperation with international component manufacturers is also globally and domestically focused with regard to growing opportunities for technology and innovation transfer. Import expansion in regard to components of mobile devices forms another basis for the growth of the market. Most recent trends in the market include the gradual shift towards automated manufacturing processes and robotics, including reduction of costs and efficiency improvements. The application of Embedded AI and IoT into mobile components is on the rise, too, with perks like enhanced cameras, face recognition, and customized experience.
Furthermore, the growing awareness of sustainability is helping producers implement better practices and materials in the process of making their products.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Indian Mobile Components Manufacturing and Assembly Market Drivers
Growing Demand for Smartphones and Mobile Devices
Introduction to Indian Mobile Components Manufacturing and Assembly Market The high adoption of smartphones and other mobile platforms in India continues to be a major growth enabler of the Indian Mobile Components Manufacturing and Assembly Market Industry. The increasing reliance on mobile work platforms and the developing mobile application trends have placed an increased demand on mobile components, including photosensitive displays, batteries, and cameras.The demand is expected to be further stimulated by the growing Indian mobile market, as it is projected to be a huge growth market over the next years. Also, the government is running incentive mechanisms to promote the domestic manufacturing of mobile components.
Government Initiatives and Policies
The Indian government has implemented several initiatives and policies to support the growth of the domestic mobile components manufacturing industry. These initiatives include the Phased Manufacturing Program (PMP), which provides incentives to manufacturers for local production of mobile components. The government has also set up the India Cellular and Electronics Association (ICEA) to promote the development of the mobile ecosystem in India. These initiatives are expected to continue to drive the growth of the Indian Mobile Components Manufacturing and Assembly Market Industry.
Increasing Investment in Research and Development
Research and development are increasingly becoming significant investments within the Indian Mobile Components Manufacturing and Assembly Market Industry. The investment is driven by the need to develop new and innovative mobile components and devices that meet the needs of consumers. Moreover, the aggregation of new emerging technologies shall lead to the need for increased investment in R and, consequently, drive the growth of the market.
Indian Mobile Components Manufacturing and Assembly Market Segment Insights:
Indian Mobile Components Manufacturing and Assembly Market Component Type Insights
The Indian Mobile Components Manufacturing and Assembly Market is expected to witness significant growth in the coming years, driven by the increasing demand for smartphones and other mobile devices. The market is segmented into various components, including camera modules, circuit boards, display panels, batteries, connectors, and semiconductors. Among these segments, camera modules are expected to hold a major share of the market in the coming years. Camera modules are essential components of mobile devices, as they allow users to capture images and videos.With the increasing popularity of social media and the growing trend of mobile photography, the demand for high-quality camera modules is expected to increase. Circuit boards are another important component of mobile devices, as they connect the various components of the device and allow them to communicate with each other. Display panels are also a major segment of the Indian Mobile Components Manufacturing and Assembly Market. Display panels are used to display images and videos on mobile devices, and the demand for high-quality display panels is expected to increase with the growing popularity of mobile gaming and video streaming.Batteries are another essential component of mobile devices, as they provide power to the device. The demand for batteries is expected to increase with the growing popularity of mobile devices and the increasing usage of power-hungry applications. Connectors are used to connect the various components of mobile devices, and the demand for connectors is expected to increase with the growing complexity of mobile devices. Semiconductors are essential components of mobile devices, as they provide the device with processing power and memory. The demand for semiconductors is expected to increase with the growing popularity of mobile devices and the increasing usage of power-hungry applications.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Indian Mobile Components Manufacturing and Assembly Market Application Insights
The application segment of the Indian Mobile Components Manufacturing and Assembly Market is categorized into smartphones, feature phones, tablets, laptops, and wearable devices. Smartphones held the largest market share in 2023, accounting for over 80% of the total revenue. The segment is expected to maintain its dominance throughout the forecast period, driven by the increasing demand for high-end smartphones with advanced features and functionalities. Feature phones are projected to witness a steady growth rate owing to their affordability and popularity in rural areas.Tablets and laptops are expected to gain traction due to their growing use in education, entertainment, and business applications. Wearable devices, including smartwatches and fitness trackers, are anticipated to experience significant growth as they become more integrated with smartphones and offer advanced health and fitness tracking capabilities.
Indian Mobile Components Manufacturing and Assembly Market Business Model Insights
The Indian Mobile Components Manufacturing and Assembly Market is segmented by business model into Original Equipment Manufacturers (OEMs), Original Design Manufacturers (ODMs), and Contract Manufacturers (CMs). OEMs design, manufacture, and sell their own branded mobile devices. ODMs design and manufacture mobile devices for other companies, which then sell the devices under their own brands. CMs manufacture mobile devices for both OEMs and ODMs. In 2023, the OEM segment accounted for the largest share of the Indian Mobile Components Manufacturing and Assembly Market revenue.This is due to the fact that OEMs have a strong brand presence and are able to command higher prices for their products. However, the ODM segment is expected to grow at a faster rate than the OEM segment over the next few years. This is because ODMs are able to offer lower prices than OEMs and are also able to provide more flexibility in terms of design and manufacturing. The CM segment is expected to grow at a steady rate over the next few years. This is because CMs provide a valuable service to both OEMs and ODMs by manufacturing high-quality mobile devices at a competitive price.Overall, the Indian Mobile Components Manufacturing and Assembly Market is expected to grow at a significant rate over the next few years, driven by the increasing demand for mobile devices in India.
Indian Mobile Components Manufacturing and Assembly Market Level of Integration Insights
With Surface Mount Technology (SMT) leading the charge, the Indian Mobile Components Manufacturing and Assembly Market is experiencing significant growth in the Level of Integration segment. SMT's compact size, high-speed assembly, and enhanced reliability have made it a preferred choice for manufacturers. SMT accounted for a significant revenue share in 2023 and is projected to maintain its dominance in the coming years. Through-hole technology (THT), while more traditional, still holds a substantial market share due to its cost-effectiveness and ease of repair.Ball Grid Array (BGA) technology is gaining traction as it offers higher component density and improved thermal performance. The increasing adoption of 5G technology and the growing demand for miniaturized devices are driving the growth of the Level of Integration segment in the Indian Mobile Components Manufacturing and Assembly Market.
Indian Mobile Components Manufacturing and Assembly Market Regional Insights
The regional segmentation of the Indian Mobile Components Manufacturing and Assembly Market offers valuable insights into the geographic distribution of market revenue. North America, with its advanced infrastructure and high smartphone penetration, holds a significant share of the market. In 2023, the region generated revenue of USD 6.45 billion, and this figure is projected to reach USD 18.24 billion by 2032, exhibiting a robust 12.5% CAGR. Europe, another key regional segment, is driven by increasing demand for high-performance mobile devices and components.In 2023, the market in Europe was valued at USD 4.83 billion, and it is expected to witness a CAGR of 11.7%, reaching USD 13.57 billion by 2032. APAC, with its large population and growing middle class, presents immense growth opportunities for the Indian Mobile Components Manufacturing and Assembly Market. The region accounted for a revenue of USD 7.29 billion in 2023, and this figure is forecasted to surge to USD 26.47 billion by 2032, growing at a remarkable 15.2% CAGR. South America and MEA are other notable regional markets, with their own unique growth dynamics influenced by factors such as smartphone adoption rates, local manufacturing capabilities, and government policies.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Indian Mobile Components Manufacturing and Assembly Market Key Players And Competitive Insights:
Major players in the Indian Mobile Components Manufacturing and Assembly Market industry are catering to the growing demand for smartphones and other mobile devices in the country. Leading Indian Mobile Components Manufacturing and Assembly Market players are investing heavily in research and development to stay ahead of the competition. The Indian Mobile Components Manufacturing and Assembly Market is expected to witness significant growth in the coming years, driven by factors such as increasing smartphone penetration, rising disposable incomes, and government initiatives to promote domestic manufacturing.Samsung is a leading player in the Indian Mobile Components Manufacturing and Assembly Market. The company has a strong presence in the country, with manufacturing facilities in Noida and Sriperumbudur. Samsung produces a wide range of mobile components, including displays, batteries, and semiconductors. The company's strong brand recognition and wide distribution network give it a competitive edge in the market.Foxconn is another major player in the Indian Mobile Components Manufacturing and Assembly Market. The company has a manufacturing facility in Chennai, where it produces a variety of mobile components, including PCBs, connectors, and cables. Foxconn is a major supplier to Apple, and its strong relationship with the tech giant gives it a competitive advantage in the market.
Key Companies in the Indian Mobile Components Manufacturing and Assembly Market Include:
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Celkon Mobiles
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Flex
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Foxconn Technology Group
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Lava International
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Lavanya International
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Micromax Informatics
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Samsung Electronics
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Spice Mobility
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Pegatron Corporation
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Optiemus Electronics
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Karbonn Mobiles
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Intex Technologies
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BYD Company
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Wistron Corporation
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Dixon Technologies
Indian Mobile Components Manufacturing and Assembly Market Industry Developments
The Indian Mobile Components Manufacturing and Assembly Market is projected to grow from USD 23.97 billion in 2023 to USD 217.21 billion by 2032, exhibiting a CAGR of 27.75% during the forecast period. This growth is attributed to the increasing demand for smartphones and other mobile devices, coupled with the government's initiatives to promote domestic manufacturing. Key players in the market are investing in research and development to introduce innovative products and enhance production capacity. Recent developments include the establishment of new manufacturing units and partnerships between domestic and international companies. The market is witnessing a shift towards higher-end components and modules, driven by the rising adoption of 5G technology and advanced features in mobile devices.
Indian Mobile Components Manufacturing and Assembly Market Segmentation Insights
Indian Mobile Components Manufacturing and Assembly Market Component Type Outlook
- Camera Modules
- Circuit Boards
- Display Panels
- Batteries
- Connectors
- Semiconductors
Indian Mobile Components Manufacturing and Assembly Market Application Outlook
- Smartphones
- Feature Phones
- Tablets
- Laptops
- Wearable Devices
Indian Mobile Components Manufacturing and Assembly Market Business Model Outlook
- Original Equipment Manufacturers (OEMs)
- Original Design Manufacturers (ODMs)
- Contract Manufacturers (CMs)
Indian Mobile Components Manufacturing and Assembly Market Level of Integration Outlook
- Surface Mount Technology (SMT)
- Through-Hole Technology (THT)
- Ball Grid Array (BGA)
Indian Mobile Components Manufacturing and Assembly Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
18.76 (USD Billion) |
| Market Size 2023 |
23.97 (USD Billion) |
| Market Size 2032 |
217.21 (USD Billion) |
| Compound Annual Growth Rate (CAGR) |
27.75% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Celkon Mobiles, Flex, Foxconn Technology Group, Lava International, Lavanya International, Micromax Informatics, Samsung Electronics, Spice Mobility, Pegatron Corporation, Optiemus Electronics, Karbonn Mobiles, Intex Technologies, BYD Company, Wistron Corporation, Dixon Technologies |
| Segments Covered |
Component Type, Application, Business Model, Level of Integration, Regional |
| Key Market Opportunities |
Growing Demand for Smartphones and Mobile DevicesGovernment Support for Domestic ManufacturingFavorable Economic PoliciesIncreasing Adoption of 5G TechnologyRise in Disposable Income |
| Key Market Dynamics |
Rising demand for smartphonesGovernment initiatives to promote domestic manufacturingIncreasing investment in research and developmentGrowing adoption of 5G technologyFocus on reducing import dependence |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Indian Mobile Components Manufacturing and Assembly Market is expected to reach an overall valuation of 23.97 USD Billion in 2023.
The Indian Mobile Components Manufacturing and Assembly Market is anticipated to grow at a CAGR of 27.75%.
The growth of the Indian Mobile Components Manufacturing and Assembly Market can be attributed to factors such as the increasing demand for smartphones, the government's initiatives to promote domestic manufacturing, and the growing popularity of online retail channels.
The Northern region of India is expected to hold a significant market share due to the presence of major manufacturing hubs such as Delhi NCR and Uttar Pradesh.
Mobile components find applications in a wide range of devices, including smartphones, tablets, laptops, and wearable devices.
Key players in the Indian Mobile Components Manufacturing and Assembly Market include Foxconn, Samsung, Wistron, and Flex.
The Indian Mobile Components Manufacturing and Assembly Market faces challenges such as the lack of skilled labor, the high cost of raw materials, and the intense competition from global players.
The Indian Mobile Components Manufacturing and Assembly Market is projected to reach an overall valuation of 217.21 USD Billion in 2032.
Opportunities for growth in the Indian Mobile Components Manufacturing and Assembly Market include the increasing demand for 5G-enabled devices, the government's focus on promoting domestic manufacturing, and the growing adoption of IoT and AI technologies.
Key trends shaping the Indian Mobile Components Manufacturing and Assembly Market include the miniaturization of components, the integration of advanced technologies, and the increasing adoption of automation.
