The import of mounted piezo-electric crystals to India is expected to grow steadily from $43.672 million in 2024 to $46.535 million in 2028. In 2023, imports were at $42.962 million. The data suggests a modest year-on-year growth of around 1.7% to 1.8% over the forecast period. The compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to be approximately 1.67%.
Future trends to watch for include:
- Technological advancements and their impact on demand for piezo-electric crystals.
- Shifts in global supply chains affecting import costs and efficiency.
- India's economic policies influencing growth in electronics and related sectors.
- Potential regional trade agreements that may impact import dynamics.
