Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

Indian Electronics Industry Growth Rate May Outpace China
Jun 30, 2005
 Printable format
 Email this Article
 Search

The electronics market in India, valued at U.S. $ 11.5 billion in 2004, will be the fastest-growing electronics market worldwide over the next several years, reports In-Stat.

The market research firm estimates that the Indian electronics market is expected to grow at a Compound Annual Growth Rate (CAGR) of 23 percent by 2010 to reach $ 40 billion. Though its total output will be far behind China's electronics market, worth $271.97 billion in 2004, India's promising market bears watching, In-Stat says. India's low manufacturing costs in skilled labor and raw materials, availability of engineering skills, and opportunity to meet demand in the populous Indian market, are driving its electronics market.

"Major challenges facing the Indian electronic manufacturing market are an infrastructure that needs to be improved at the earliest possibility, easing of foreign investment procedures, which is underway, and a restructured government tariff that now makes domestically manufactured goods more expensive than imported goods with zero tariff," stated Bryan Wang, In-Stat analyst.

The research firm also found the following:

  • The Indian electronics industry is driven mainly by the computer and computer component sectors.
  • About 25 percent of the Indian population lives below the poverty line, but a large and growing middle class of 320 million to 340 million has disposable income for consumer goods.
  • The main challenge for China's electronics industry is to keep up with technology trends.

    Back to Daily News

  •  

    Daily News

    ...........................................................

    Jul 25, 2014: Whirlpool Refrigerator is First Commercial Application of Polyurethane Insulation Using HFO Blowing Agent

    Jul 24, 2014: Remodeling Spending to Be Slower, But Still Strong, in Early 2015

    Jul 23, 2014: Whirlpool North America Reports Record Operating Profits

    Jul 23, 2014: Japan Destroyed 3.6 Million KG Fluorocarbons from Commercial Refrigerators and AC

    Jul 22, 2014: Lennox International Reports Record Profit in Second Quarter

    More Daily News>>

    RSS Feeds
    .........................................................
    Appliance Industry
    Market Research

    ...........................................................

    March 2014: Market Research - 62nd Annual U.S. Appliance Industry Forecast
    February 2014: Appliance Magazine Market Insight: December 2013
    January 2014: Market Research - Appliance Historical Statistical Review: 1954-2012
    January 2014: Appliance Magazine Market Insight: November 2013




     
    Contact Us | About Us | Subscriptions | Advertising | Home
    UBM Canon © 2014  

    Please visit these other UBM Canon sites

    UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Pharmalive | Plastics Today | Powder Bulk Solids | Canon Trade Shows