Written by Meenakshi Bisht » Updated on: June 17th, 2025
India's consumer electronics market is experiencing a phenomenal surge, transforming how people live, work, and entertain themselves.
The India consumer electronics market size was valued at USD 73.73 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030.
This impressive growth is fueled by several key factors:
The consumer electronics market in India is a diverse landscape, segmented by product category, price point and distribution channel. Here's a breakdown of the key segments:
The market caters to a wide range of price points, with budget-friendly options for value-conscious consumers and premium products for those seeking high-end features.
Traditional brick-and-mortar stores still hold a significant share, but online retailers are rapidly gaining traction, offering convenience and wider product selection.
The consumer electronics market forecast for India is promising, driven by factors like rising disposable income, increasing internet penetration, and the growing adoption of new technologies. The market size is expected to reach USD 124.94 billion by 2030.
Despite the promising outlook, the industry faces some challenges:
The consumer electronics market in India is a vibrant and rapidly evolving landscape. Its impressive size, diverse segmentation, and promising outlook position it as a key driver of India's economic and technological advancement. As the industry embraces innovation, caters to diverse consumer needs, and addresses existing challenges, the future of consumer electronics in India shines bright. This market holds the potential to transform the way Indians live, work, and connect, paving the way for a more connected, informed, and technologically empowered nation.
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