India Semiconductor Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 13.10% (2024-2032)

Market Size in 2023: USD 47 Billion

Market Size in 2032: USD 149.2 Billion

The India semiconductor market is rapidly expanding, driven by increasing demand for electronics, government initiatives, and technological advancements. According to the latest report by IMARC Group, the market size reached USD 47 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 149.2 Billion by 2032, exhibiting a growth rate (CAGR) of 13.10% during 2024-2032.

India Semiconductor Market Trends and Drivers:

The high demand for electronics as well as rapid digital transformation across industries are the factors responsible for the growth of the India semiconductor market. Additionally, the rising adoption of smartphones, laptops, and other consumer electronics has boosted the need for semiconductors.

Besides this, the push by government authorities for local manufacturing through initiatives like “Make in India” and the Production Linked Incentive (PLI) scheme for the electronics sector is attracting investments in semiconductor manufacturing. Sectors such as automotive, telecommunications, and industrial automation are also driving needs, with semiconductors playing a crucial role in electric vehicles (EVs), 5G infrastructure, and smart devices. The growing focus on self-reliance in semiconductor production is further supported by government plans to establish fabrication units and boost domestic chip design capabilities.

Key trends in the India semiconductor market include advancements in technology, the surge of artificial intelligence, and the Internet of Things (IoT). These technologies rely heavily on advanced chips for data processing, connectivity, and machine learning applications. The automotive sector is driving demand for semiconductors with the growing popularity of EVs and autonomous vehicles that require complex electronic systems. Moreover, the development of 5G networks is creating new opportunities for semiconductor manufacturers as the need for high-performance chips increases.

The market is also experiencing increased investment in research and development (R&D) to enhance chip efficiency and reduce production costs. Collaborations between domestic companies and global semiconductor leaders are further strengthening the ecosystem. Robust government support and rising consumer demand are expected to drive the continued growth of the India semiconductor market in the coming years.

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India Semiconductor Market Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Components:

• Memory Devices
• Logic Devices
• Analog IC
• MPU
• Discrete Power Devices
• MCU
• Sensors
• Others

Breakup by Material Used:

• Silicon Carbide
• Gallium Manganese Arsenide
• Copper Indium Gallium Selenide
• Molybdenum Disulfide
• Others

Breakup by End User:

• Automotive
• Industrial
• Data Center
• Telecommunication
• Consumer Electronics
• Aerospace and Defense
• Healthcare
• Others

Breakup by Region:

• South India
• North India
• West and Central India
• East India

Competitive Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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