India is gaining ground on China in terms of electronics manufacturing
China''s electronics manufacturing market currently has a strong lead over that of India. Indeed, Dublin-based research firm Research and Markets estimates China''s market was worth about $272 billion in 2004, while India''s market was worth $11.5 billion in 2004.
However, India is expected to grow at a compound annual growth rate (CAGR) of 23 percent, reaching $40 billion in 2010
. China''s expected CAGR is predicted to be a lower 19 percent, allowing India a chance to catch up and perhaps gain the lead after 2010."While China will be a significant market in electronics manufacturing in terms of market size, India is an important market with an expected growth rate that is higher than that of China," the firm wrote in a recent report.
Key players in the Indian electronics market are Flextronics, Jabil Circuits, TVS Electronics, Solectron Centum, LG Electronics, Tata Infotech, Samsung India, Celetronix India and Bharat Electronics Ltd. Emerging new players include D-Link and WeP, while Samtel and Tyco are already significant and will continue to emerge as global players in the export arena. Nokia and Elcoteq are expected to set up manufacturing plants for handsets in south India.
Research and Markets'' further reported that China''s 2010 electronics manufacturing market will contribute 30 percent to the total world market
