Unlocking 2025: Growth Trajectory of India's Telecom Hardware Sector - Part 1

Robust Market Expansion The Indian telecom equipment market, valued at USD 24.46 billion in 2024, is projected to reach USD 34.74 billion by 2033, reflecting a CAGR of 3.97% from 2025 onwards. Source: IMARC Group Accelerated 5G Deployment India has deployed over 385,000 5G base stations, marking one of the world's fastest rollouts. The expansion of 5G networks is expected to drive demand for advanced telecom equipment, including fiber optic cables, small cells, and base stations. Source: Grant Thornton Government Incentives and Policy Support The Production Linked Incentive (PLI) scheme has attracted investments exceeding INR 3,400 crore, with telecom equipment production surpassing INR 50,000 crore within three years. Source: Drishti IAS The enactment of the Telecommunication Act, 2023, introduces standardized Right of Way (RoW) rules and simplified licensing processes, facilitating the rapid deployment of telecom infrastructure. Source: India Briefing