The Indian market demand for displays over the next five years is likely to be $60 billion, said a new report by the India Cellular and Electronics Association (ICEA), in collaboration with Grantwood Technologies.
The domestic consumption of display components exceeded $5 billion in 2020 alone, which is expected to sharply rise over the next five years, and is estimated to be much greater than $10 billion in 2025, mainly resulting from the “Make in-India” strategy to promote electronic manufacturing, said the report titled, “Flat Panel Displays - Creation of a Display Industry in India”.
The report highlights that India has steadily grown into a leading consumer market for display-centric products. However, India does not currently have a local display manufacturing industry and all display components have to be imported from overseas suppliers.
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