US-China Trade War to Present Huge Opportunity for Indian Electronics Manufacturing
Overview:
Due to the deterioration in the trade relations between the US and China, various electronic manufacturers are moving production away from China to other Asian countries. Samsung shut down its mobile phone manufacturing facilities in Shenzhen and Tianjin in 2018, expanding manufacturing opportunities in India and Vietnam. India is becoming a premier destination for the manufacturing supply chain. This is due to the government’s “Make in India” drive and a strong emphasis on developing the manufacturing ecosystem for the growing domestic consumption as well as in the future, making India a global export hub. Given the population size and domestic market consumption in India, in the long run, the manufacturing industry in India will have the potential to emerge and grow into as strong as “today’s China”.
This report entails product category wise Chinese imports to the US and Total Addressable Market (TAM). major technology companies and their partnerships with Chinese ODM/EMS players. It also includes major product categories and major companies Indian manufacturers can target. Recommendations and key takeaways are provided for Indian electronics manufacturers.
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