Semiconductor Market- India
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 growing rapidly, driven by increasing demand for electronics, automotive, and industrial applications. 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.
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India Semiconductor Market Trends and Drivers:
Rising Demand Across Sectors
- Increased demand for semiconductors in consumer electronics, automotive, telecommunications, and industrial applications.
- Growing need for semiconductors in smartphones, laptops, and wearables due to India’s digitization.
Government Initiatives
- "Make in India" and "Digital India" programs promoting domestic manufacturing and semiconductor development.
- Aiming to reduce import dependence and strengthen the local supply chain.
Technological Advancements
- The expansion of 5G networks and the growing adoption of the Internet of Things (IoT) fueling the need for advanced chips.
Focus on Research Development (RD)
- Increased investment in RD and establishment of semiconductor manufacturing facilities within India.
- Government incentives and the creation of semiconductor parks and clusters to attract global and local companies.
Rise of Electric Vehicles Renewable Energy
- Growing demand for power semiconductors to manage energy and improve efficiency in electric vehicles and renewable energy technologies.
AI and Machine Learning Integration
- Rising need for specialized semiconductors capable of handling complex data processing tasks in AI and machine learning applications.
India Semiconductor Market Industry 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
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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