One of the fastest-growing industries with great future prospects.

Electronics & Equipment Industry

Bangladesh Electronics & equipment industry- With government encouraging Made in Bangladesh products, invest in Bangladesh to leverage the opportunities present in the huge and growing market.

The huge domestic market with rising income along with favourable tax incentives provides tremendous opportunity to local manufacturers to provide electronics products at affordable prices and expand the market at a faster pace. Additionally, the growth in digital economy is driving the growth of electronics and IoT market even further. Overall electronics and electrical equipment market are expected to surpass USD 12 billion by 2025 with consumer electronics market expected to cross USD 10 billion by 2030.


The electronic and electrical equipment industry consists of a wide range of consumer and industrial electronic products. There are around 3,000 organizations involved in the sector employing around 1 million people. The electronics industry in Bangladesh mostly produces consumer items such as mobile phones, home appliances like refrigerators, air conditioners, televisions, electronic fans, radios, DVDs and CD players, ovens, blenders etc. Electrical equipment such as accumulators, transformers, diodes are also manufactured and exported.
The market size of the electronics industry which includes both industrial and consumer electronics was estimated to be around USD 5.29 billion at the end of 2019. The industry is expected to grow at a rate of 15% per annum and reach around USD 12 billion by 2025. The size of the consumer electronics market was estimated to be around USD 2.4billion in 2020 and it is expected to reach USD 10 billion by 2030. The most popular consumer electronics product is mobile phone followed by refrigerator, television and air conditioner. The market for accumulator and batteries are also growing rapidly.

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The 5th largest mobile phone market in the Asia Pacific

9th largest market in the world by unique mobile phone subscribers

9th highest internet users in the world

Smart phone base expected to reach 75 million by 2025 with 5G rollout beginning in 2021

5.9 bn US$
Estimated Market Size 2019
Compounded Annual Growth Rate 2014-2020
2.4bn US$
Annual market demand for electronic appliance 2020
10bn US$
Forecasted market size for electronic appliance 2030
1bn US$
Accumulator market size 2018
Growth rate of accumulator 2013-2018
Wireless phone subscribers September 2021
Unique mobile phone subscribers
Internet users September 2021
Smart phone users 2020
Estimated mobile phone annual demand in units

Key Players