The electronics manufacturing sector is expanding quickly thanks to the most recent technological developments in component design and fabrication techniques. The use of advanced materials, organic electronics, and miniaturisation are the three main trends in the electronics industry. Furthermore, the industry is growing due to disruptive technologies like the Internet of Things (IoT) and Artificial Intelligence (AI), which both make smart manufacturing practices possible.
As a result, innovations in the design and production of electronic manufacturing for high compatibility and efficiency are being developed by startups and scaleups more and more. In a similar vein, electronics manufacturing is becoming more dynamic and economical thanks to 3D printing. The newest developments in electronics manufacturing combine with organic electronics to enhance the productivity, robustness, and sustainability of consumer and industrial electronics.
Opportunities in Electronics Manufacturing Industry
1. Consumer Electronics
The consumer electronics market is the biggest in the electronics industry, with projections indicating that it will double in the next three years to reach approximately INR 1.48 lakh crore by 2025. India is expected to replace China as a destination for electronic manufacturing, along with other Southeast Asian nations, according to the president of CEAMA (Consumer Electronics and Appliance Manufacturers Association). Furthermore, the Consumer Electronics and Appliances Manufacturers Association reports that foreign direct investment (FDI) in the consumer electronics sector has doubled to USD 490 million as of June 2022 when compared to 2021.
2. Industrial Electronics
This segment comprises manufacturing of industrial robots, wafer processing assembly, control systems, packaging equipment, electronic testing, semiconductor assembly, automation, measurement equipment, etc. Industrial electronics manufacturing was valued at INR 780 billion in 2021 in India and it is set to grow by leaps and bounds as it plays a vital role in major industries such as manufacturing, energy, transportation, chemicals, mining, and agriculture
3. Network and communication Equipments
Manufacturing of industrial robots, automation, measurement tools, control systems, wafer processing assembly, packaging equipment, electronic testing, semiconductor assembly, and so on are all included in this segment. Given its critical role in major industries like manufacturing, energy, transportation, chemicals, mining, and agriculture, industrial electronic production in India is expected to grow rapidly, with a 2021 valuation of INR 780 billion.
4. Network and communication Equipments
As the world shifts towards sustainable energy solutions, there’s an increasing demand for electronic manufacturing components and systems used in renewable energy technologies. This includes manufacturing components for solar panels, wind turbines, energy storage systems, and electric vehicles.
5.Medical Electronics
This medical electronic manufacturing sector made ultrasound devices, heart rate monitors, dialysis machines, X-ray machines, and other elector medical equipment used in forensics, medical research, surgical operations, diagnosis, and medical imaging, among other things. The medical electronics market was valued at USD 6.3 billion in 2021 and is expected to reach USD 9 billion by 2026 due to factors such as an ageing population, increased use of radiotherapy therapy in disease diagnosis, increased demand for portable medical devices, and increased adoption of IOT-based smart medical devices.
Future of the Indian Electronic Manufacturing Industry:
In the next five years, the electronic manufacturing sector is anticipated to grow at a rapid pace due to the government’s INR 2.3 lakh crore policy push towards self-reliance. Only 700 million of India’s 1.4 billion people own smartphones, suggesting that there is still a substantial market. The growing demand for computers, smartphones, televisions, and other electronic devices as a result of rapid urbanisation has encouraged businesspeople to enter the electronic manufacturing industry.
Large-scale operations are necessary for electronic manufacturing to compete globally. Additionally, since many procedures in the electronics manufacturing industry require a lot of labour, the right personnel would be needed to determine whether plug-and-play facilities—like dorms with ideal amenities—were necessary. In order to expedite the process and guarantee the prompt operationalization of electronics manufacturing facilities,