India’s EMS Market to Reach $150 Billion by FY30: KPMG Report
India’s Electronic Manufacturing Services (EMS) market is projected to grow more than threefold to surpass $150 billion by FY2030, positioning the country among the world’s fastest-growing electronics manufacturing destinations, according to a recent KPMG report.
The report estimates that the Indian EMS industry has expanded significantly from approximately $10-12 billion in FY2020 to nearly $40-45 billion in FY2025. This rapid growth is expected to accelerate further over the next five years, supported by strong government policies, increasing domestic consumption, and the global shift toward diversified supply chains.
India currently accounts for around 5-6 percent of global EMS manufacturing, indicating substantial room for expansion as multinational companies continue to seek alternatives to concentrated manufacturing hubs. The country’s growing capabilities in electronics assembly, component manufacturing, and design-led innovation are helping strengthen its position in the global value chain.
Industry experts believe initiatives such as the Production Linked Incentive (PLI) scheme, expanding electronics manufacturing clusters, and investments in semiconductor and component ecosystems have laid the foundation for sustained growth. These measures have attracted both global and domestic manufacturers, creating opportunities across smartphones, consumer electronics, telecom equipment, automotive electronics, and industrial devices.
The report also highlights that India’s next phase of growth will depend on deepening local value addition, strengthening component manufacturing, enhancing research and development capabilities, and developing a highly skilled workforce. Moving beyond assembly-led manufacturing toward design and innovation-driven production will be critical for achieving long-term competitiveness.
As global electronics demand continues to rise, India is increasingly being viewed as a strategic manufacturing hub. If current growth trends continue, the country could play a far more significant role in global electronics supply chains by the end of the decade, generating substantial investments, exports, and employment opportunities.
