With production value of USD8.9 billion, India accounts for 4.8% of the Asia Pacific total in 2023. The industry’s exports share increases in 2023 to 20.9% of total production output. The industry’s profitability increases and stands at 12.2% of production value in 2023, the fifth highest regionally. The costs of the industry decrease by 2.9% in 2023, largely driven by declining B2B costs. The total number of companies increases in 2023, to 71,411 units. The industry is fragmented, with the top five companies generating 46.5% of total production value in 2023. Samsung India Electronics Pvt Ltd is the largest company in India, generating 25.6% of the industry’s total production value in 2023. India has the fourth largest market size for television and radio receivers, sound and video recording devices regionally, with demand reaching USD15.6 billion in 2023. B2B drives market demand, with B2B spending representing 77.2% of total demand in 2023. The market is dominated by foreign suppliers, as imports account for 54.3% of total market size in 2023.
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This Euromonitor industrial report provides unique information on Television and Radio Receivers, Sound and Video Recording Devices in India: ISIC 323. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Television and Radio Receivers, Sound and Video Recording Devices in India: ISIC 323 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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