India Semiconductor Market Breakdown By Size, Share, Growth, Trends, and Industry Analysis| MarkNtel
MarkNtel Advisors recently published a detailed industry analysis of the India Semiconductor Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
India Semiconductor Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030
The India Semiconductor Market size was valued at around USD 38 billion in 2024 and is projected to reach USD 105 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 18% during the forecast period, i.e., 2025-30.
What are the major Driver the India Semiconductor industry?
Rapid Digitization & Increase in Consumer Electronics Demand – The growth of the Indian semiconductor sector is mainly driven by the rising demand for digitization with the increased consumption of electronics products. As India’s economy has become more digitally advanced, the use of smartphones, smart home appliances, and other electronic devices has increased quickly. India currently holds the second-largest smartphone market globally with the projected one billion smartphones by 2026. Growing internet usage among the middle class and the shift towards e-services are further driving the demand for consumer electronics. In 2024 India’s internet penetration rate increased by nearly fifty percent over the previous ten years. In addition, the Indian consumer electronics market is expected to grow at a rate of 6 to 8 percent over the next five years from its estimated USD 73 billion in 2022. These devices can't function without semiconductors because semiconductors are the chips that allow the smooth functioning of several vital components of these devices. As a result, this increase in demand for semiconductors is augmenting the size & volume of the Indian semiconductor sector.
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What segments define the India Semiconductor market from 2025 to 2030? How do these segments contribute to market dynamics and growth?
· By Component
o Memory Devices - Market Size & Forecast 2020-2030, USD Million
o Logic Devices - Market Size & Forecast 2020-2030, USD Million
o Analog IC - Market Size & Forecast 2020-2030, USD Million
o MPU - Market Size & Forecast 2020-2030, USD Million
o Discrete Power Devices - Market Size & Forecast 2020-2030, USD Million
o MCU - Market Size & Forecast 2020-2030, USD Million
o Sensors - Market Size & Forecast 2020-2030, USD Million
o Others - Market Size & Forecast 2020-2030, USD Million
· By Application
o Networking & Communications - Market Size & Forecast 2020-2030, USD Million
§ Ethernet Controllers - Market Size & Forecast 2020-2030, USD Million
§ Adapters & Switches - Market Size & Forecast 2020-2030, USD Million
§ Routers & Others - Market Size & Forecast 2020-2030, USD Million
o Data Processing - Market Size & Forecast 2020-2030, USD Million
o Industrial - Market Size & Forecast 2020-2030, USD Million
§ Power Controls and Motor Drives - Market Size & Forecast 2020-2030, USD Million
§ Intelligent Systems - Market Size & Forecast 2020-2030, USD Million
§ Industrial Automation & Others - Market Size & Forecast 2020-2030, USD Million
o Consumer Electronics - Market Size & Forecast 2020-2030, USD Million
§ Home Appliances - Market Size & Forecast 2020-2030, USD Million
§ Personal Devices - Market Size & Forecast 2020-2030, USD Million
§ Other devices - Market Size & Forecast 2020-2030, USD Million
o Automotive - Market Size & Forecast 2020-2030, USD Million
§ Telematics & Infotainment - Market Size & Forecast 2020-2030, USD Million
§ Safety Electronics - Market Size & Forecast 2020-2030, USD Million
§ Chassis- Market Size & Forecast 2020-2030, USD Million
§ Powertrain - Market Size & Forecast 2020-2030, USD Million
§ Body Electronics - Market Size & Forecast 2020-2030, USD Million
o Government - Market Size & Forecast 2020-2030, USD Million
According to report, Consumer electronics are the biggest segment based on application accounting for about 45% market share in the India Semiconductor Market.
· By Equipment
o Front-end Equipment - Market Size & Forecast 2020-2030, USD Million
o Back-end Equipment - Market Size & Forecast 2020-2030, USD Million
According to report, Among the components of the India Semiconductor Market, the front-end equipment category contributes around 65% to the overall market volume.
Explore the Complete India Semiconductor Market Analysis Report – https://www.marknteladvisors.com/research-library/india-semiconductor-market.html
Geographical Analysis: India Semiconductor Market
o North
o South
o East
o West
India Semiconductor Market Share & Competitive Landscape:
The India Semiconductor Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.
Leading Companies in the India Semiconductor Market are:
- Tata Elxsi
- HCL Technologies
- MosChip
- Dixon Technologies
- ASM Technologies Ltd.
- Vedanta Limited
- Applied Materials, Inc.
- Bharat Electronics Limited
- CG Power and Industrial Solution
- MIC Electronics Ltd.
- Aura Semiconductor
India Semiconductor Industry Recent Development:
- May 2024: Tata Electronics started exporting semiconductor chip samples from its Bengaluru R&D center to partners in Japan, the US, and Europe. This marks a significant step as the company plans further expansion in India’s semiconductor sector.
- February 2024: HCL Technologies is expanding its collaboration with Intel Foundry to co-develop customized silicon solutions, aiming to enhance semiconductor services for manufacturers, OEMs, and cloud providers, fostering a diversified supply chain and innovation.
Questions Addressed in this Study
1. What factors are driving the India Semiconductor Market growth?
2. How is the India Semiconductor Market expected to grow over the next five years?
3. What are the key insights into the current trends in the India Semiconductor Market?
4. What is the current size of the India Semiconductor Market, and how is it projected to change in the future?
6.What is the future outlook for the India Semiconductor Market in terms of technological advancements and market expansion?
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Why MarkNtel Advisors?
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.
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