The Indian telecom equipment market size was estimated at USD 18.48 billion in FY2023 and is projected to reach USD 41.77 billion in FY2031, growing at a CAGR of 10.41% from 2024 to 2031. Increasing mobile subscriptions, coupled with rising demand for 5G services are some of the factors driving the Indian telecom equipment market. India being the second largest telecommunications market in the world, had a subscriber base of 1.17 billion in December 2022.
Additionally, India is witnessing tremendous growth in the telecom equipment manufacturing owing to support from government in form of incentives and schemes being offered to telecom companies in India to make the country a new telecom equipment manufacturing hub.
Telecommunications equipment is now considered a part of networking equipment since they perform similar functions and serve comparable goals. Both rely on software to work effectively and hence require specialists that understand both hardware and software. Telecommunication equipment historically refers to telephone network equipment, but it also encompasses more sophisticated IT technology.
Increasing User-base of Smart Phones
The Indian telecom equipment market has seen significant growth in recent years, driven by increasing number of smartphone users in the country. With over a billion mobile phone users and rapidly growing internet penetration, India is one of the world's largest and fastest-growing markets for smartphones. As a result, there has been a surge in demand for telecom equipment, such as network infrastructure, antennas, and other components needed to support the growing number of smartphone users.
Increasing Demand for 5G
5G can alter India's socioeconomic landscape and development of the complete society. Establishing Pan-India FWA (Fixed Wireless Access) services have the potential to revolutionise the game, particularly in the countryside. 5G is anticipated to bring new opportunities for economic growth by enabling high-speed internet access across different verticals such as healthcare, insurance, banking, telecom etc.
Government Policies
The Indian government has launched several schemes and initiatives to support the growth of the Indian telecom equipment market such as BharatNet project, M-SIPS (Modified Special Incentive Package Scheme), NDCP 2018 (National Digital Communications Policy) and PLI scheme (Production Linked Incentive). The PLI scheme offers incentives to domestic and international telecom equipment manufacturers to produce in India. Under this scheme, eligible manufacturers can receive financial incentives for incremental production of telecom equipment over a period of five years which varies from 4 percent to 7 percent on the incremental sales of manufactured goods.
Impact of COVID-19 on India Telecom Equipment Market
The pandemic had a mixed impact on the Indian telecom equipment market. On the one hand, the lockdowns and disruptions caused by the pandemic have led to supply chain disruptions, which have impacted the availability of certain components and raw materials required for telecom equipment production. This has led to delays in equipment deployment and has affected the rollout of new services. On the other hand, the pandemic has also accelerated the shift towards digital technologies and remote working, which has led to increased demand for telecom services and equipment, including video conferencing, cloud-based services, and other digital solutions.
Impact of Russia-Ukraine War on India Telecom Equipment Market
The ongoing conflict between Russia and Ukraine is not expected to have a direct impact on the Indian telecom equipment market. India is largely self-sufficient in terms of telecom equipment production and has a well-established domestic industry, with both domestic and international players operating in the market. However, the conflict could have indirect effects on the Indian telecom industry, as it may lead to disruptions in global supply chains for components and raw materials used in telecom equipment production.
Report Scope
“India Telecom Equipment Assessment, Opportunities and Forecast, FY2017-FY2031F”, is a comprehensive report by Markets and Data, providing in-depth analysis and assessment of the current scenario of the telecom equipment market in India, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities, and forecasts (2024-2031). Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.
The importance of the telecom sector has never been higher than today, and this expected to spur the telecom equipment market 2020.
The semiconductor and electronics industry reports are produced by Market Research Future, which highlights market options for expansion.
Moreover, the telecommunication equipment industry analysis states that the market is anticipated to achieve market share from the amplified growth of the cellular station.
The upswing in research and development of a cost-effective portfolio is anticipated to bolster the telecom equipment market in the forecast period.
Competitive Analysis The inclusion of certain elements of functionality in production facilities is likely to create better supply potential for the overall market.
The effect of global currencies is expected to have a significant effect on market growth.
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The Business Research Company published its Telecom Infrastructure Equipment Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Telecom Infrastructure Equipment market.
The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.The report covers the telecom infrastructure equipment market’s segments- 1) By Product Type: Switching Equipment, Bridges, Gateways And Routers, Others2) By Infrastructure: Wireless, Wired Infrastructure.View Complete Report: https://www.thebusinessresearchcompany.com/report/telecom-infrastructure-equipment-global-market-report-2020-30-covid-19-impact-and-recoveryTelecom Infrastructure Equipment Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It covers all the regions, key developed countries and major emerging markets.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.LTE networks provide the best ways for enhanced security of different business applications.
