India Semiconductor Market Overview, 2029

The India Semiconductor Market is expected to grow more than CAGR 24% from 2024 to 2029, electric vehicle proliferation.

India's semiconductor market is expanding significantly and offers excellent commercial and investment prospects. India is a desirable location for semiconductor businesses because of its enormous talent pool and robust, technologically advanced market. India hopes to become a global center for semiconductor manufacturing, and it might be close to doing so in accordance with the national visions of "Make in India," which aims to promote domestic production and manufacturing in India and for the world, and "Atamnirbhar Bharat," which is a vision to make India self-reliant and minimize dependences on imports. India's rapidly growing automotive and electronic device industries have led to a major increase in the country's need for semiconductors in recent years. To address the lack of semiconductor chips, India must grow its semiconductor sector. Smartphones from Xiaomi, Realme, Oppo, Samsung, Apple, and more brands are produced in India. Indian mobile phone manufacturer NITI Aayog CEO Amitabh Kant asserts that his organization is presently the second-largest global producer of mobile phones. Currently, the nation is home to over 200 factories that produce mobile phones. The industrial sector is very beneficial to India's economy. Since semiconductor chips are essential to many consumer goods, a large number of businesses in this sector rely heavily on them. India needs to produce semiconductor chips and reduce its dependency on foreign suppliers. The Indian government has moved in the right direction by introducing production-linked programs and other incentives for semiconductor companies. India's defense industry would also be impacted by the shortage of semiconductors. India wants to reduce imports of defense equipment while increasing indigenous manufacture. In aircraft and naval navigation, missile guidance systems, and other defensive systems, semiconductors are essential components. India must so produce semiconductors in order to address the shortage. According to the research report "India Semiconductor Market Overview, 2029," published by Bonafide Research, the India Semiconductor Market is expected to grow more than CAGR 24% from 2024 to 2029. India is the second-biggest smartphone market in the world, and demand for these gadgets is always growing. This means that there will be a greater need for the semiconductors used in them. Electric vehicles (EVs) and autonomous driving systems are two examples of the cutting-edge technologies that the Indian automotive sector is quickly implementing. The industry is further propelled by the need for several complicated semiconductors that these cars demand. The need for better processors and storage solutions is being driven by the rise of digital India, which includes projects like cloud computing and data centers. This is driving up the price of semiconductors. With an emphasis on semiconductors, the NEP seeks to establish India as a worldwide center for electronics design and manufacture. In order to draw in both domestic and foreign investment, it provides enticing incentives like tax reductions, land allocations, and subsidies. Financial incentives are provided by the PLI plan to businesses that establish semiconductor manufacturing facilities in India. Major players are anticipated to be drawn in, and domestic output will increase. India's potential in the semiconductor industry was highlighted at the first Semicon India event, which took place in March 2023 and brought important players together to spur progress. Leading academic and scientific institutions in India are actively engaged in semiconductor research, which may eventually result in breakthroughs and domestic chip development. India is a great place to establish semiconductor fabs and design centers since it has a big pool of highly qualified engineers and scientists. Additionally, the government is funding training and up skilling initiatives to develop a workforce skilled in semiconductor technologies. India is a country with a significant reservoir of highly qualified scientists and engineers.

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Based on the Device type, the market is divided into Memory Device, Logic Semiconductors, Microprocessor Unit, Analog IC, Opto Semiconductor, Discrete Semiconductor, Power Semiconductor, Micro Controller Unit, Digital Signal Processors, and Semiconductor Sensors. In fact, there is a lot of interest in the Memory Device sector of the Indian semiconductor business. Massive volumes of data are being produced by India's digital transformation in a number of industries, including healthcare, banking, education, and entertainment. This raises the need for memory devices by requiring effective and dependable data storage solutions. There is an increasing demand for high-capacity and high-performance memory solutions due to the growth of cloud computing, big data analytics, and artificial intelligence applications. Based on the Application, the market is divided Networking & Communications, Data Centre/ Data Processing, Consumer Electronics, Industrial, Automotive, Government, Healthcare, Aerospace and Defense, Others. Semiconductors are a key component in the massive expansion of the Indian automobile sector, which is currently going through a change. India is seeing a sharp increase in the use of electric vehicles (EVs), fueled by growing environmental consciousness, rising gasoline prices, and government incentives. Compared to conventional cars, electric vehicles (EVs) require a lot more semiconductors, especially for advanced driver-assistance systems (ADAS), electric motors, and battery management systems. Features like autonomous driving capabilities, connected automobile technologies, and ADAS are being added by Indian automakers more frequently. The market for advanced automotive semiconductors is further expanded by these functions, which mostly rely on intricate microchips and sensors. Considered in this report: • Geography: India • Historic year: 2018 • Base year: 2023 • Estimated year: 2024 • Forecast year: 2029

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Manmayi Raval

Manmayi Raval

Research Consultant

Aspects covered in this report: • India Semiconductor market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Device type: • Memory Device • Logic Semiconductors • Microprocessor Unit • Analog IC • Opto Semiconductor • Discrete Semiconductor • Power Semiconductor • Micro Controller Unit • Digital Signal Processors • Semiconductor Sensors By Application: • Networking & Communications • Data Centre/ Data Processing • Consumer Electronics • Industrial • Automotive • Government • Healthcare • Aerospace and Defence • Others

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Manmayi Raval

The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience: This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Semiconductor industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Table of Contents

  • Table of Contents
  • 1. Executive Summary
  • 2. Market Structure
  • 2.1. Market Considerate
  • 2.2. Assumptions
  • 2.3. Limitations
  • 2.4. Abbreviations
  • 2.5. Sources
  • 2.6. Definitions
  • 2.7. Geography
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. India Macro Economic Indicators
  • 5. Market Dynamics
  • 5.1. Key Findings
  • 5.2. Key Developments - 2021
  • 5.3. Market Drivers & Opportunities
  • 5.4. Market Restraints & Challenges
  • 5.5. Market Trends
  • 5.6. Covid-19 Effect
  • 5.7. Supply chain Analysis
  • 5.8. Policy & Regulatory Framework
  • 5.9. Industry Experts Views
  • 6. India Semiconductor Market Overview
  • 6.1. Market Size By Value
  • 6.2. Market Size and Forecast By Device type
  • 6.3. Market Size and Forecast By Application
  • 7. India Semiconductor Market Segmentations
  • 7.1. India Semiconductor Market, By Device type
  • 7.1.1. India Semiconductor Market Size, By Memory Device, 2018-2029
  • 7.1.2. India Semiconductor Market Size, By Logic Semiconductors, 2018-2029
  • 7.1.3. India Semiconductor Market Size, By Microprocessor Unit, 2018-2029
  • 7.1.4. India Semiconductor Market Size, By Analog IC, 2018-2029
  • 7.1.5. India Semiconductor Market Size, By Opto Semiconductor, 2018-2029
  • 7.1.6. India Semiconductor Market Size, By Discrete Semiconductor, 2018-2029
  • 7.1.7. India Semiconductor Market Size, By Power Semiconductor, 2018-2029
  • 7.1.8. India Semiconductor Market Size, By Micro Controller Unit, 2018-2029
  • 7.1.9. India Semiconductor Market Size, By Digital Signal Processors, 2018-2029
  • 7.1.10. India Semiconductor Market Size, By Semiconductor Sensors, 2018-2029
  • 7.2. India Semiconductor Market, By Application
  • 7.2.1. India Semiconductor Market Size, By Networking & Communications, 2018-2029
  • 7.2.2. India Semiconductor Market Size, By Data Centre/ Data Processing, 2018-2029
  • 7.2.3. India Semiconductor Market Size, By Consumer Electronics, 2018-2029
  • 7.2.4. India Semiconductor Market Size, By Industrial, 2018-2029
  • 7.2.5. India Semiconductor Market Size, By Automotive, 2018-2029
  • 7.2.6. India Semiconductor Market Size, By Government, 2018-2029
  • 7.2.7. India Semiconductor Market Size, By Healthcare, 2018-2029
  • 7.2.8. India Semiconductor Market Size, By Aerospace and Defense, 2018-2029
  • 7.2.9. India Semiconductor Market Size, By Others, 2018-2029
  • 8. India Semiconductor Market Opportunity Assessment
  • 8.1. By Device type, 2024 to 2029
  • 8.2. By Application, 2024 to 2029
  • 9. Competitive Landscape
  • 9.1. Porter's Five Forces
  • 9.2. Company Profile
  • 9.2.1. Company 1
  • 9.2.1.1. Company Snapshot
  • 9.2.1.2. Company Overview
  • 9.2.1.3. Financial Highlights
  • 9.2.1.4. Geographic Insights
  • 9.2.1.5. Business Segment & Performance
  • 9.2.1.6. Product Portfolio
  • 9.2.1.7. Key Executives
  • 9.2.1.8. Strategic Moves & Developments
  • 9.2.2. Company 2
  • 9.2.3. Company 3
  • 9.2.4. Company 4
  • 9.2.5. Company 5
  • 9.2.6. Company 6
  • 9.2.7. Company 7
  • 9.2.8. Company 8
  • 10. Strategic Recommendations
  • 11. Disclaimer

List of Table
Table 1: Influencing Factors for Global Semiconductor Market, 2023
Table 2: India Semiconductor Market Size and Forecast By Device type (2018, 2023 & 2029F)
Table 3: India Semiconductor Market Size and Forecast By Application (2018, 2023 & 2029F)
Table 4: India Semiconductor Market Size of Memory Device (2018 to 2029) in USD Million
Table 5: India Semiconductor Market Size of Logic Semiconductors (2018 to 2029) in USD Million
Table 6: India Semiconductor Market Size of Micro processor Unit (2018 to 2029) in USD Million
Table 7: India Semiconductor Market Size of Analog IC (2018 to 2029) in USD Million
Table 8: India Semiconductor Market Size of Opto Semiconductor (2018 to 2029) in USD Million
Table 9: India Semiconductor Market Size of Discrete Semiconductor (2018 to 2029) in USD Million
Table 10: India Semiconductor Market Size of Power Semiconductor (2018 to 2029) in USD Million
Table 11: India Semiconductor Market Size of Micro Controller Unit (2018 to 2029) in USD Million
Table 12: India Semiconductor Market Size of Digital Signal Processors (2018 to 2029) in USD Million
Table 13: India Semiconductor Market Size of Semiconductor Sensors (2018 to 2029) in USD Million
Table 14: India Semiconductor Market Size of Networking & Communications (2018 to 2029) in USD Million
Table 15: India Semiconductor Market Size of Data Centre/ Data Processing (2018 to 2029) in USD Million
Table 16: India Semiconductor Market Size of Consumer Electronics (2018 to 2029) in USD Million
Table 17: India Semiconductor Market Size of Industrial (2018 to 2029) in USD Million
Table 18: India Semiconductor Market Size of Automotive (2018 to 2029) in USD Million
Table 19: India Semiconductor Market Size of Government (2018 to 2029) in USD Million
Table 20: India Semiconductor Market Size of Healthcare (2018 to 2029) in USD Million
Table 21: India Semiconductor Market Size of Aerospace and Defense (2018 to 2029) in USD Million
Table 22: India Semiconductor Market Size of Others (2018 to 2029) in USD Million

List of Figures
Figure 1: India Semiconductor Market Size By Value (2018, 2023 & 2029F) (in USD Million)
Figure 2: Market Attractiveness Index, By Device type
Figure 3: Market Attractiveness Index, By Application
Figure 4: Porter's Five Forces of India Semiconductor Market
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India Semiconductor Market Overview, 2029

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