India Semiconductor Market Assessment, By Type [Intrinsic, Extrinsic], By Node [180 nm, 130 nm, 90 nm, 65 nm, 45/40 nm, 32/28 nm, less than 30 nm], By Components [Memory Devices, Logic Device, Analog IC, MPU, Discrete Power Devices, MCU Sensors, and Others], By End-User Industry [Networking and Communications, Consumer Electronics, Automotive, Data Processing, Aerospace, Medical, Military & Defence, and Others], By Region, Opportunities, and Forecast, FY2017-FY2031F

The India semiconductor market is projected to the high presence of automotive and telecom industry, rising industrialization, and urbanization, along with government to reach USD 56.27 billion by FY2031 from USD 29.84 billion in FY2023, growing at a CAGR of 9.48% during the forecasted period FY2024-FY2031. The demand for semiconductors is anticipated to increase due expenditures in the development of several smart cities. Additionally, the market is expanding as electric vehicles are gaining popularity and acceptance among the Indian population.

Significant use of semiconductors in a variety of end-use applications, including electronics, industrial equipment, networking and communications, and data processing is driving the India semiconductor market. Additionally, development of artificial intelligence (Al), the Internet of Things (IoT), and machine learning (ML) technologies are expected to benefit the India semiconductor market. These innovations enable memory chips to process huge volumes of data more quickly. Furthermore, the rising need for faster and more sophisticated memory chips in industrial applications is anticipated to drive the India semiconductor market during the forecasted period.

Network and Communication Sector Dominates the Market

The networking and communications sector held the maximum share in FY2023 and is anticipated to maintain its dominance during the forecasted period. Increase in the usage of smartphones and other smart gadgets throughout the country is to be accounted for the market growth. Rise in purchasing power and rapid urbanization have resulted in rising usage of electronics products throughout India, thereby increasing growth of the India semiconductor market.

Government Initiatives

A comprehensive programme for the development of the semiconductors and display manufacturing ecosystem in India was authorised by the government of India with an investment of INR 760 billion, with the goal of Aatmanirbhar Bharat in 2020 and placing India as the global centre for Electronics System Design and Manufacturing (ESDM). The program included several initiatives to invest capital into the semiconductor and display manufacturing industries. The goal of India Semiconductor Mission (ISM) is to create an environment for semiconductor and innovation so that India becomes a major player in the world of electronics production and design in the coming years. The India Semiconductor Mission (ISM) is crucial for coordinating efforts to promote the semiconductor and display industries in a more systematic, targeted, and all-encompassing way.

Impact of COVID-19

Due to the poor demand, some of the semiconductor factories closed their operations during the COVID-19 outbreak. Dip in the growth of market occurred when chip orders were being cancelled by the automotive firms due to the less demand for vehicles. However, the widespread adoption of the work-from-home trend has increased consumer demand for PCs and laptops, leading to a huge demand for the semiconductors production. 

Impact of Russia-Ukraine War

The crisis between Russia and Ukraine had affected supply chains in several industries, including the semiconductor industry. The Ministry of Electronics and Information Technology (MEITY) stated the concern over negative impacts on the market. The war affected the supply of neon and hexafluorobutadiene gases which are necessary components to produce a semiconductor chip since they are used in the lithography processes for chip creation and production. The COVID-19 pandemic has already impacted the industry and the war between two nations simply adds to the strain.

India Semiconductor Market Assessment, Opportunities and Forecast: Report Scope

“India Semiconductor Market Assessment, Opportunities and Forecast, 2017-2031F”, is a comprehensive report by Markets & Data, providing in-depth analysis and assessment of the current situation of the semiconductor market in India, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19 and Russia-Ukraine war impact, opportunities, and forecasts (2024-2031). Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute	Details
Base Year of the Analysis	FY2023
Historical Period	FY2017-FY2022
Forecast Period	FY2024-FY2031
Projected Growth Rate	CAGR of 9.48% from FY2024-FY2031
Revenue Forecast in FY2031	USD 56.27 billion
Units	Revenue in USD Billions and Volume in Units Thousands
Segments Covered	Type, Node, Components and End-user
Regions Covered	East, West and Central, North, and South
Key Companies Profiled	·      NXP Semiconductors N.V. ·      Tata Elxsi Limited ·      Micron Technology, Inc. ·      Broadcom India Pvt. Ltd. ·      Sankalp Semiconductor Pvt. Ltd. ·      RIR Power Electronics Ltd. (Formerly Known as Ruttonsha International Rectifier Ltd.) ·      ASM Technologies Limited ·      Moschip Technologies Ltd ·      HCL Technologies Ltd ·      Hibex India Pvt. Ltd.
Customization Scope	15% free report customization with purchase
Pricing and Purchase Options	Avail the customized purchase options to fulfil your precise research needs
Delivery Format	PDF and Excel through email (subject to the license purchased)

 

In this report, India Semiconductor Market has been segmented into the following categories: 

1.      India Semiconductor Market, By Type

1.1.    Intrinsic

1.2.    Extrinsic

2.       India Semiconductor Market, By Node

2.1.    180 nm

2.2.    130 nm

2.3.    90 nm

2.4.    65 nm

2.5.    45/40 nm

2.6.    32/28 nm

2.7.    less than 30 nm

3.       India Semiconductor Market, By Components

3.1.    Memory Devices

3.2.    Logic Device

3.3.    Analog IC

3.4.    MPU

3.5.    Discrete Power Devices

3.6.    MCU Sensors

3.7.    Others

4.       India Semiconductor Market, By End-user

4.1.   Networking and Communications

4.2.   Consumer Electronics

4.3.   Automotive

4.4.   Data Processing

4.5.   Aerospace

4.6.   Medical

4.7.   Military & Defence

4.8.   Others

5.       India Semiconductor Market, By Region 

5.1.    North

5.2.    South

5.3.    East

5.4.    West & Central

Key Players Landscape and Outlook

Due to the existence of several local businesses, the market is fragmented. These market players work on strategies including investments, collaborations, acquisitions, and mergers in effort to increase their market share. In September 2022, Vedanta signed an MOU with Gujarat Government to set up a facility for semiconductor assembling and testing unit in Ahmedabad.

Key Benefits of Buying This Report

Market Xcel reports are based on qualitative and quantitative data collected through ‘on-ground’ primary research interventions. Based on our in-depth research, our reports can also provide granular city/state level market size data. The report includes deeper actionable insights provided by the industry experts & Key Opinion Leaders thus offering cutting-edge business solutions. The forecast data included in the report is based on ‘Drivers based forecasting’ technique ensuring accurate decoding of the future.

Key Players Operating in India Semiconductor Market

·         NXP Semiconductors N.V.

·         Tata Elxsi Limited

·         Micron Technology, Inc.

·         Broadcom India Pvt. Ltd.

·         Sankalp Semiconductor Pvt. Ltd.

·         RIR Power Electronics Ltd. (Formerly Known as Ruttonsha International Rectifier Ltd.)

·         ASM Technologies Limited

·         Moschip Technologies Ltd

·         HCL Technologies Ltd

·         Hibex India Pvt. Ltd.

 

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