Archive · 9 Oct 2026
India Telecom Equipment Market Could Reach $50 Billion by FY32
A KPMG report says India’s telecom equipment market could grow from $25 billion to $50 billion by FY32.
That means the market may become about twice as large.
Mobile networks are expected to carry much more data each year.
But telecom companies’ revenues are forecast to grow more slowly than data traffic.
India already makes many handsets and has replaced some telecom equipment imports with locally made products.
The report says the next step is to build more advanced technology in India.
This includes areas such as semiconductors, software and radio systems.
The report says investment and teamwork will be important.
India’s telecom equipment market is projected to grow from $25 billion in FY25 to $50 billion by FY32.
Mobile network traffic is forecast to rise about 17% annually from 2025 to 2030, while operator revenues are projected to grow 2.7% annually.
The report says India’s equipment market is expected to grow at almost twice the pace of the global market.
Handset production reached Rs 6,270 billion in FY26, and telecom equipment import substitution reached about 60%.
KPMG says further growth will require investment in innovation, advanced manufacturing and collaboration, including in semiconductors, software and intellectual property.
- Who
- KPMG in India and India’s telecommunications industry.
- What
- A report projects growth in India’s telecom equipment market, mobile network traffic and domestic manufacturing.
- When
- The market projection runs from FY25 to FY32; network traffic growth is forecast for 2025–2030.
- Where
- India.
- Why
- The report attributes potential growth to the convergence of telecom, AI, semiconductors, cloud and digital infrastructure, while saying further progress needs investment and collaboration.
- Telecom equipment market
- Projected to rise from $25 billion in FY25 to $50 billion by FY32.
- Mobile network traffic
- Forecast to grow approximately 17% annually from 2025 to 2030.
- Operator revenues
- Projected to grow 2.7% annually.
- Market growth comparison
- India’s telecom equipment market is projected to grow at almost twice the pace of the global market.
- Handset production
- Reached Rs 6,270 billion in FY26, according to the report.
- Import substitution
- Telecom equipment import substitution reached approximately 60%.
- Areas identified for deeper participation
- Semiconductors, software, radio systems, optical technologies and intellectual property.