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India Has Potential To Capture Around 50 Per Cent of Global Mobile Charger Market: IAMAI

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  • The global market for chargers in 2025 is estimated to be $10 billion
  • On the first of April, the government notified three schemes that included total incentives of around Rs 48,000 crore to boost manufacturing of local electronics

Mobile chargers produced in India have the potential to capture around 50 percent of the global market under the new government incentive scheme for electronics manufacturers as per a report by the Indian Mobile and Internet Association ( IAMAI).

The association also sees a huge potential to expand motherboard manufacturing (technically called a printed circuit board assembly (PCBA). It can attract global companies by providing incentives on the motherboard.

Smart chargers segment will represent around 70 per cent of the market

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On the first of April, the government notified three schemes that included total incentives of around Rs 48,000 crore to boost the manufacturing of local electronics. It also aimed to create 20 lakh of direct and indirect jobs by 2025.

These schemes included a Production Linked Incentive Scheme (PLI) for large-scale electronics manufacturing, Product Manufacturing Cluster Scheme modified electronics (EMC 2.0), and a plan to promote the manufacture of electronic and semiconductor components (SPECS).

The report said that the global charger market in 2025 is estimated at $10 billion (around Rs 76,000 crore). The smart chargers segment will represent around 70 per cent of the market. India’s export of all shippers increased from $ 143.05 million in 2016-17 to $ 366.78 million in 2019-20 (April-December). It grew at with an estimated compound annual growth rate of 40 per cent in three years.

The report added, “Looking ahead, with a 5 per cent PLI, overall production of smartphone chargers in India can touch $6.5 billion, with the exports comprising $4.7 billion. It said that there is a need to provide continued support for manufacturing smartphone chargers and Printed Circuit Board Assembly (PCBA) operations.

Continue to incentivize PCBA to five per cent

According to IAMAI, the PCB and PCBA industry is highly fragmented, with most manufacturers based in Japan, Taiwan, South Korea, the United States, and China. China accounted for 48.01 per cent of global PCB and PCBA production volume in 2017.

The report said that to counter this inertia and move PCB manufacturing to India, India should continue to incentivize PCBA to five per cent. It can increase PCBA production to more than $ 3 billion for large-scale manufacturers focused on export in the country.

Dependency on China continues to be high

It added that India started mobile PCBA operations in the last few years, but the dependency on China continues to be high. This is due to the absence of a domestic ecosystem of component manufacturers.

The report said that this vulnerability has been exposed with the COVID-19 pandemic. A PLI support of around five per cent will boost the profitability of PCBA operations in India for large-scale export centric manufacturers and prompt PCBA operations to migrate from other manufacturing countries to India.

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