India Semiconductor Market Overview

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 9.5% (2024-2032)

India's semiconductor market is growing rapidly, driven by increasing demand in electronics, automotive, and telecommunications, positioning India as a key player in the global semiconductor industry. According to the latest report by IMARC Group, the market is projected to grow at a CAGR of 9.5% from 2024 to 2032.

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India Semiconductor Market Trends and Drivers:

The expanding demand across various industries, such as consumer electronics, automotive, telecommunications, and industrial applications, is driving the growth of the semiconductor market in India. Additionally, the widespread adoption of smartphones, laptops, and other electronic devices is significantly boosting semiconductor demand. The automotive sector's transition to electric vehicles (EVs) and advanced driver-assistance systems (ADAS) is further accelerating market growth.

Furthermore, the deployment of 5G technology is generating a substantial need for semiconductors to support advanced network infrastructure. Government initiatives like the Production Linked Incentive (PLI) scheme are encouraging domestic manufacturing and attracting significant investments from global semiconductor companies.

Another notable trend in the India semiconductor market is the emphasis on research & development, and innovation. In addition to this, companies are highly investing heavily in developing next-generation semiconductor technologies to cater to the evolving needs of various industries. Furthermore, the emphasis on creating a robust semiconductor ecosystem, including the establishment of fabrication units and design houses, is strengthening the growth, which is acting as another growth-inducing factor.

Apart from this, collaboration between industry players and academic institutions is fostering innovation and skill development, which is positively inflating the market. The rising utilization of Internet of Things devices and artificial intelligence (AI) applications is driving demand for advanced semiconductors that offer higher performance and energy efficiency, which is anticipated to drive the India semiconductor market over the forecasted period.

India Semiconductor Market Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest India semiconductor market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

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

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Key Highlights of the Report:



• Market Performance (2018-2023)

• Market Outlook (2024-2032)

• Market Trends

• Market Drivers and Success Factors

• Impact of COVID-19

• Value Chain Analysis

• Comprehensive mapping of the competitive landscape

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

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