EVOLUTION OF ELECTRONICS INDUSTRY AND ITS CURRENT SCENARIO
Electronics industry came up in the1900s when the electron tube was invented by Sir John Ambrose Fleming. But in 1960 analog devices were invented, which brought in a revolution in the industry. In the 1970s the consumer electronics was developed. In these years, the dominance of the U.S.A was approaching its end with many new economies showing up.
Electronics industry in India took off around 1970. It was followed by consumer electronics mainly with transistor radios , black & white TV and audio products. In 1986, the import of colour T.V in India allowed by the Govt. revolutionised the consumer electronics field. After a decade, the Indian Govt. allowed the export of various components and products for the following segments.
- Entertainment electronics.
- Optical storage devices.
- Electromechanical equipments.
- Telecom equipments.
In the year 2005 overall consumption was only 2%. In 2010 consumption touched 6% . However, the export performance of electronic instruments enhanced in the following years. It touched 1500 billion by 2013-14.
The share of electronics production in GDP has also been growing over the years . from 1.6% share in 2001-02, it has increased to 2.01%in 2009-10.
Market for electronic products in India has witnessed strong growth in the recent years due to several factors, such as manufacturing growth , growth in disposable income , retail boom, attractive financial scheme , entry of new players in the market , distribution network in rural areas , awareness on the need for electronics products in rustic zones , presence of gray market in consumer products specially DVD player , music players and so on.
Indian consumer electronic devices market has been defined as the market for computing devices. It is projected 3000 billion by 2018. This is expected to increase to 5000 bilion by 2017 through rise of income levels & growing affordability. It is a fact that only 9 out of 1000 people in India use computers, one-fifth of that of China, while handset population penetration is about 57 %.
However, there is a good news. From 2012 a geometrical growth in Led TV Set & Touch Screen Phones was registered in India. BMI has forecasted that the sale of Indian consumer electronics will touch 10000 billion by 2020.