ElectronifyIndia is the premier destination to buy basic electronics components package kit India, offering a comprehensive selection of high-quality products at competitive prices. Renowned for its extensive inventory, ElectronifyIndia caters to the diverse needs of hobbyists, professionals, and industries alike. Customers benefit from the platform's user-friendly interface, exceptional customer service, and fast shipping, ensuring a seamless shopping experience.
ElectronifyIndia is a reliable and innovative company that offers a wide range of electronic components. making it the best place to buy electronic components in India. Customers can trust ElectronifyIndia for quality and great service.
What are the basic components of electronics?
Basic Electronic Components | Sierra Circuits Some of the most commonly used electronic components are -:
- Resistors
- Capacitors
- Inductors
- Diodes
- LEDs
- Transistors
- Crystals and oscillators
- Electromechanical components like relays and switches,
- ICs
- Connectors.
Who manufactures electronic components?
Offering thousands of electronic components from manufacturers around the world including Murata, Vishay, STMicro, Texas Instruments, Kemet, Yageo, Isabellenhuette, Intel, TDK, Samsung, Analog Devices, Infineon, Xilinx, on semi, and so many, many more
Where are electronic components made?
Global electronic components production: China vs. other regions of the world.
In 2016, China produced 43% of the world's electronic components, up from 30% in 2010. This share is projected to increase to 51% by 2020, according to Euromonitor.
Electronic manufacturing in India has witnessed significant growth in recent years, driven by government initiatives, increasing domestic demand, and global market dynamics. Here are some key statistics and insights into the industry:
Growth and Market Size
Market Size: The Indian electronics manufacturing industry was valued at about USD 100 billion in 2020.
It is expected to grow significantly, reaching approximately USD 300 billion by 2025.
This growth reflects the increasing demand for electronic products in the country.
Production Growth: From 2014 to 2020, the production of electronic goods in India grew rapidly, with a compound annual growth rate (CAGR) of 23%.
This strong growth rate indicates a substantial increase in manufacturing capacity and activity within the electronics sector.
Government Initiatives
- Make in India: Launched in 2014, this initiative aims to transform India into a global manufacturing hub by encouraging both domestic and foreign investment in the sector.
- Production Linked Incentive (PLI) Scheme: The Indian government has introduced a PLI scheme with an outlay of INR 40,951 crore (approximately USD 5.5 billion) to boost domestic manufacturing and attract large investments in the electronics sector.
Key Segments
- Mobile Phones: India is the second-largest mobile phone manufacturer globally. The production of mobile phones in India increased from 3 million units in 2014 to 225 million units in 2020.
- Consumer Electronics: The consumer electronics segment, including televisions, audio systems, and home appliances, is growing rapidly, driven by rising disposable incomes and changing lifestyles.
- IT Hardware: Manufacturing of IT hardware like laptops, tablets, and servers is also expanding, supported by government policies and incentives.
Conclusion
The Indian electronics manufacturing industry is experiencing remarkable growth, driven by rising demand and supportive government initiatives.
Experts expect this sector, valued at approximately USD 100 billion in 2020, to reach around USD 300 billion by 2025.
This growth reflects the increasing consumption of electronic products and India's potential to become a global manufacturing hub.
From 2014 to 2020, India’s production of electronic goods grew by 23% each year, showing a big increase in manufacturing.
Government programs like "Make in India" and the Production Linked Incentive (PLI) scheme have helped this growth by attracting both local and foreign investments.
Key segments like mobile phones, consumer electronics, and IT hardware are growing fast, making India the second-largest mobile phone manufacturer in the world.
As demand for electronic components continues to rise, platforms like ElectronifyIndia are essential in providing high-quality components for hobbyists and professionals alike.
With a vast selection of products and excellent customer service, ElectronifyIndia stands out as the preferred choice for purchasing electronic components in India.
Explore their offerings today to find the right components for your projects!