Semiconductors And Electronics Research

The  India consumer electronics market  is expected to reach USD 118.4 billion in 2025, according to a new report by Grand View Research, Inc. Rising disposable income, rapid urbanization as well as the introduction of novel products in the market is expected to further contribute to the market growth. The demand for flat refrigerators, washing machines, and TVs is rising with a decline in penetration of products vis-à-vis global levels, urbanization, and increasing disposable income of consumers. There has been an increase in imports from regions such as China and South-East Asia, considered to be low-cost regions, owing to certain free-trade agreements, and availability of low-cost products, in relation with costs about local manufacturing. To effectively suffice the rising local demand and export demand to the neighboring regions and the Middle East and Africa, global market participants are planning to expand their local manufacturing in India, thus making it an exp...