India General Electronic Component Market Overview, 2030

India’s general electronic components market is rapidly evolving as a critical segment of the country’s broader electronics industry, driven by rising domestic consumption and an ambitious manufacturing agenda. The market encompasses a wide array of components including semiconductors, resistors, capacitors, transistors, connectors, and electromechanical devices that serve as building blocks for electronics in sectors such as telecommunications, automotive, healthcare, and consumer electronics. Defined by its expansive scope, the market covers both locally manufactured components and imports, reflecting India’s dual role as an emerging production hub and a large end-user market. Key technological innovations fueling growth include miniaturization of components, advancements in semiconductor fabrication, adoption of IoT-enabled devices, and integration of artificial intelligence within components to enhance performance and energy efficiency. The government’s “Make in India” and “Electronics Manufacturing Clusters” initiatives have played a pivotal role in boosting indigenous production capabilities while attracting foreign direct investment. Regionally, manufacturing activities are concentrated in southern and western states such as Karnataka, Tamil Nadu, Maharashtra, and Telangana, which benefit from well-established infrastructure, skilled labor availability, and government incentives. These regions serve as hotspots for semiconductor fabs, PCB manufacturing, and component assembly plants. India’s growing participation in global electronics supply chains highlights its rising strategic importance, particularly in light of recent geopolitical shifts prompting companies to diversify manufacturing bases away from China. This trend not only amplifies demand for electronic components within India but also fosters export potential. The convergence of technology driven innovation and supportive regional policies continues to position India as a promising market with substantial growth prospects in electronic components.

According to the research report ""India Electronic Component Market Overview, 2030,"" published by Bonafide Research, the India Electronic Component Market is expected to reach a market size of more than USD 31.17 Billion by 2030.Global giants such as Texas Instruments, STMicroelectronics, and Infineon have a significant presence, often partnering with local manufacturers or establishing wholly-owned subsidiaries to cater to the fast-growing demand. Indian companies are increasingly investing in R&D to reduce import dependency and scale up production of critical components like ICs and passive elements. This competitive environment is further intensified by government initiatives aimed at incentivizing domestic manufacturing through schemes such as the Production Linked Incentive (PLI) program, which encourages capacity expansion in semiconductor and display manufacturing. Regulatory policies continue to evolve, focusing on tariff rationalization, intellectual property protection, and streamlined customs procedures to facilitate smoother trade and investment flows. However, challenges remain including regulatory bottlenecks, infrastructure gaps, and inconsistent enforcement of standards that sometimes hinder market efficiency. Demand drivers are robust and diverse rapid smartphone penetration, the expansion of 5G networks, growing adoption of electric vehicles, and the modernization of industrial automation systems are primary growth engines. The healthcare sector’s increased reliance on electronic medical devices and diagnostic equipment contributes substantially to demand. Despite these positives, the market faces notable challenges such as global supply chain disruptions, shortage of skilled electronic engineers, and rising raw material costs that can impact manufacturing margins. The need for technological self-reliance amid global geopolitical uncertainties pushes Indian players to accelerate innovation and capacity building.

Active components are important because they control electrical signals and need power. Transistors, ICs, and diodes are needed to amplify signals and execute sophisticated logic functions in electronics. The growing adoption of smartphones, computer gadgets, and industrial automation has driven component demand. Indian and global manufacturers are aggressively investing in energy-efficient, high-performance active components to fulfill domestic and international market needs. Active components are getting more advanced with IoT and smart technologies, integrating AI and power-saving features, representing the country's electronics innovation and modernization. Instead than amplifying signals, passive ones store, resist, or dissipate electrical energy. Resistors, capacitors, inductors, and transformers are utilized in most electronic circuits. The Indian passive components market is growing due to electronics production and customer demand. Though price competition remains high, local enterprises are gradually increasing production to minimize dependence on China and Southeast Asian imports. Superior passive components that can survive various environmental conditions in industrial and automotive applications are also gaining popularity. Switches, relays, connections, and motors are electromechanical components. These parts allow gadgets and systems to move or switch. Electromechanical components are in high demand in India because automotive, industrial machinery, and consumer electronics require reliable mechanical switching and interconnection. Innovative electromechanical parts with durability, precision, and energy economy are being developed for electric vehicles (EVs) and automated manufacturing plants.

India's electronics manufacturing sector drives the electronic components market, producing consumer, industrial, and computing electronics. This broad category covers printed circuit boards and semiconductor devices, requiring both simple and complex components. Investment and capacity growth have increased local electronic component consumption as India strives to become a worldwide electronics manufacturing hub, encouraged by government initiatives like Make in India. Global firms building assembly and fabrication sites in the country boost the electronics manufacturing industry. Rapid urbanization, rising disposable income, and tech-savvy populations have driven consumer electronics adoption of smartphones, tablets, TVs, and wearables. Due to their heavy use of ICs, connections, capacitors, and transistors, these devices demand high-quality electronic components. Indian manufacturers are keeping up with flexible screens and tiny circuits because consumers want feature-rich, inexpensive products. Telcos are another important driver. Antennas, diodes, RF ICs, and relays are in demand as India builds 5G networks, upgrades infrastructure, and expands broadband. For speedier, more reliable, and energy-efficient communication networks, telecom equipment manufacturers need cutting-edge components. Sensors, motors, ICs, and connectors are essential for powertrains, infotainment systems, safety features, and advanced driver assistance systems in electric vehicles (EVs). The government's EV promotion is driving component demand. Industrial machinery, where automation and robotics dominate, uses relays, capacitors, and inductors. Healthcare is increasing rapidly due to sensor, IC, and specialist connector-based diagnostic and monitoring devices. Defence and aerospace require reliable, durable components that can withstand hostile environments.

The Original Equipment Manufacturers (OEMs) represent one of the primary end-users of electronic components in India. OEMs design and produce finished electronic systems and devices that embed these components, ranging from smartphones and consumer gadgets to industrial machinery and automotive electronics. These manufacturers require components that meet stringent quality and reliability standards, often customized to specific application needs. The OEM segment in India is growing rapidly as domestic and multinational companies invest in local production, driven by cost advantages and government incentives aimed at boosting indigenous manufacturing. OEMs also focus heavily on innovation, integrating next-gen electronic components that support emerging technologies like AI, IoT, and 5G, ensuring their products remain competitive both domestically and globally. The aftermarket segment covers the sales, servicing, and integration of electronic components after the initial product sale. This includes replacement parts, upgrades, repairs, and enhancements for existing devices. The aftermarket is particularly significant in sectors like automotive, industrial machinery, and consumer electronics, where maintenance and product life extension are critical. For instance, the rising adoption of electric vehicles in India fuels demand for aftermarket batteries, sensors, and control units, while consumer electronics users seek replacement connectors and ICs for device repairs. The aftermarket provides an important revenue stream and supports sustainability by promoting repair over replacement. It also stimulates component manufacturers to offer compatible, high-quality parts that meet evolving technology standards.

Considered in this report
• Historic Year: 2019
• Base year: 2024
• Estimated year: 2025
• Forecast year: 2030

Aspects covered in this report
• General Electronic Component Market with its value and forecast along with its segments
• Various drivers and challenges
• On-going trends and developments
• Top profiled companies
• Strategic recommendation

By Type
• Active Components
• Passive Components
• Electromechanical Components

By End-use Industry
• Electronics Manufacturing
• Consumer Electronics
• Telecommunications
• Automotive
• Industrial Machinery
• Healthcare
• Aerospace & Defense
• Others

By Sales channel
• OEMs
• Aftermarket