Indian electronics industry is one of the fastest growing industry segment, facilitated by the factors of rapid urbanization, increasing disposable incomes and government initiatives like Make in India and Digital India. This industry sector is burgeoning and is comprised of products that run the gamut from consumer electronics to industrial machinery, semiconductor devices, and communication equipment. Innovating and disrupting the conventional paradigms in the electronics industry in India, startups are a major driving force of the industry. These entrepreneurial firms are applying the latest technologies such as artificial intelligence, Internet of things, and blockchain to create the innovative products and services addressing the unique demands of different markets. Such startups are benefitting from the abundance of engineering talent pool and thriving entrepreneurial ecosystem in India to build and manufacture products which are smartly engineered catering both domestic and international markets. The startup ecosystem in India has been at the forefront of this innovation surge that is redefining the electronics sector.
Not only are the startups pushing developments but they are also playing important role in niche segment electronics such as renewable energy electronics, auto electronics and embedded systems. These startups are making it their goal to be experts in their respective fields and solve specific problems. Therefore, they are creating a place for themselves in the very competitive electronics market. In addition, startups are being an important factor in a successful transition from academia to industry by providing networking opportunities and knowledge exchange. Most startups collaborate with renowned colleges and research centers in order to access the latest research findings and build products and services that are commercially sustainable.
In this issue, we acquaint you with the top companies in this field. After studying the industry landscape in-depth, Industry Outlook has zeroed in on the top ones that have excelled with their meticulous approach. Having proven their dedication in order to meet the customer’s expectations in an end-to-end manner, these companies have stood out from the crowd.
We look forward to receiving your feedback and suggestions.
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