Addressable market for OEMs likely to be over Rs 10 lakh crore by 2025: KPMG-HSBC Report

The growing domestic handset manufacturing market and supportive policies by government have ensured that India steadily builds on its device manufacturing capabilities, and the addressable market for OEMs (original equipment manufacturers) is expected to be about Rs 10 lakh crore to Rs 11 lakh crore by 2025, a report said on Tuesday. The report KPMG in India and HSBC India titled ‘Powering up – Electronics manufacturing in India’ examined the advantages that India offers global electronics components manufacturers, specifically in mobile handsets.

“As per KPMG analysis, considering the estimated Rs 14 lakh crore (USD 184.79 billion) market size for handsets by 2025, the addressable market for OEMs after deducting the branding, after-sales, retailer mark-ups and accessories cost would stand around Rs 10 lakh crore-11 lakh crore (USD 131.99-145.19 billion),” it said.