Rising Trends in Consumer Electronics: A Future-Focused Industry Outlook

The consumer electronics industry is set for significant growth, driven by rising incomes, a shift towards premium products, and technological innovations like AI and IoT. The industry overcame challenges in 2024 and is expected to expand with India's increasing role as a global manufacturing hub.

The appliances and consumer electronics industry anticipates a 10-15% growth in 2025, underpinned by a premiumisation trend driven by rising incomes and a preference for energy-efficient and AI-enabled products.

Despite challenges like rising raw material costs, the industry showed resilience in 2024, rebounding through technological innovation. India's growing economy and urbanization further bolster its growth potential.

Industry leaders highlight the impact of initiatives such as the production-linked incentive schemes and Make in India, which have spurred domestic manufacturing and attracted global investments. A continued focus on localisation and sustainability aims to cement India's status as a key player in global manufacturing.

(With inputs from agencies.)