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.
India Semiconductor Market Trend:
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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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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India Semiconductor Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Component
- Memory Devices – Market Size & Forecast 2020-2030, USD Million
- Logic Devices – Market Size & Forecast 2020-2030, USD Million
- Analog IC – Market Size & Forecast 2020-2030, USD Million
- MPU – Market Size & Forecast 2020-2030, USD Million
- Discrete Power Devices – Market Size & Forecast 2020-2030, USD Million
- MCU – Market Size & Forecast 2020-2030, USD Million
- Sensors – Market Size & Forecast 2020-2030, USD Million
- Others – Market Size & Forecast 2020-2030, USD Million
- By Application
- 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
- Data Processing – Market Size & Forecast 2020-2030, USD Million
- 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
- 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
- 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
- Government – Market Size & Forecast 2020-2030, USD Million
- Networking & Communications – Market Size & Forecast 2020-2030, USD Million
- By Equipment
- Front-end Equipment – Market Size & Forecast 2020-2030, USD Million
- Back-end Equipment – Market Size & Forecast 2020-2030, USD Million
- By Region
- North – Market Size & Forecast 2020-2030F, USD Million
- East – Market Size & Forecast 2020-2030F, USD Million
- West – Market Size & Forecast 2020-2030F, USD Million
- South – Market Size & Forecast 2020-2030F, USD Million
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – 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, and others
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