India Semiconductor Market Size, Share, and COVID-19 Impact Analysis, By Type (Discrete Semiconductors, Optoelectronics, Sensors, Integrated Circuits, Others), By Application (Networking and Communication, Data Processing, Consumer Electronics, Power Generation, Electronic Components, Others), By Composition Type, By Components, By Material Type, By End-User and India Semiconductor Market Insights, Industry Trend, Forecasts to 2032

Industry: Semiconductors & Electronics


India Semiconductor Market Insights Forecasts to 2032

  • The India Semiconductor Market Size was valued at USD 26.3 Billion in 2022.
  • The Market is Growing at a CAGR of 25.7% from 2022 to 2032
  • The India Semiconductor Market Size is expected to reach USD 271.9 Billion by 2032.


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The India Semiconductor Market Size is expected to reach USD 271.9 Billion By 2032, at a CAGR of 25.7% during the forecast period 2022 to 2032.

With regard to its large customer base and rising demand for electronic goods such as smartphones, tablets, and other IoT devices, India has enormous development potential in the semiconductor market.


Market Overview

India is one of the world's biggest consumers of electronics, yet it mainly depends on imports to supply its semiconductor demands. This is primarily owing to the lack of a local fabrication facility, which is required to produce semiconductors. A sizable percentage of India's semiconductor business was devoted to software development and chip design. India had established itself as a major player in VLSI (Very Large Scale Integration) technology and embedded software. The Indian government understands the strategic significance of electronics and semiconductors. To stimulate the electronics and semiconductor industries, it has implemented regulations and incentive programs such as the Modified Special Incentive Package Scheme (M-SIPS) and the Electronics Development Fund (EDF). India has been striving to improve its electronics manufacturing capabilities, which include semiconductor component assembly, testing, and packaging. Furthermore, as part of the "Make in India" effort, the Indian government launched a number of schemes and incentives to stimulate domestic semiconductor manufacture. These programs were designed to lessen the country's dependency on imports while increasing indigenous output. Furthermore, major multinational semiconductor companies expressed interest in developing manufacturing and research and development centers in India. The highly skilled workforce, vast customer base, and beneficial government regulations result in the country being an appealing destination for semiconductor investments.


Report Coverage

This research report categorizes the market of India Semiconductor Market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the India Semiconductor Market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the India Semiconductor Market.


India Semiconductor Market Report Coverage

Report CoverageDetails
Base Year:2022
Market Size in 2022:USD 26.3 Billion
Forecast Period:2022-2032
Forecast Period CAGR 2022-2032 :25.7%
2032 Value Projection:USD 271.9 Billion
Historical Data for:2019-2021
No. of Pages:200
Tables, Charts & Figures:120
Segments covered:COVID-19 Impact Analysis, By Type, By Application, By Composition Type, By Components, By Material Type, By End-User and India Semiconductor Market Insights, Industry Trend, 
Companies covered:: Broadcom India Pvt. Ltd., Chiplogic Semiconductor Services Private Limited, Tata Elxsi Limited, Continental Device India Pvt. Ltd., MosChip Technologies Ltd., NXP Semiconductors India Private Limited, eInfoChips Private Limited, ASM Technologies Ltd., Masamb Electronics Systems Private Limited, Semi-Conductor Laboratory, Saankhya Labs Pvt. Ltd., ROHM Semiconductor India Pvt. Ltd., Infineon Technologies India Pvt. Ltd., Renesas Electronics India Pvt. Ltd., STMicroelectronics Pvt. Ltd., Silicon Automation Systems (India) Pvt. Ltd., Sand Microelctronics Pvt Ltd., Silicon Interfaces, Smart Modular Tech and other key venders.
Pitfalls & Challenges:COVID-19 Empact,Challenges, Future, Growth, & Analysis

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Driving Factors

The semiconductor market in India has been mostly driven by rising demand from local consumers. This has been mostly attributable to the country's growing usage of technological advances in a variety of industries, including consumer electronics, automotive, telecommunications, healthcare, and commercial sectors. The nation's dependency on mobile devices and personal computers increased significantly, which resulted in higher demand for semiconductors. This is mostly owing to the country's booming demand for electronic gadgets, which is being pushed by rapidly growing middle-class individuals, government digitalization initiatives, and a strong startup ecosystem. Despite these advancements, the country has encountered several difficulties. Due to a lack of indigenous semiconductor manufacturing capabilities, the country was heavily reliant on imports to supply its demand. Furthermore, the high expense of establishing a semiconductor fabrication factory (fab) posed a considerable challenge. However, India displayed a number of advantages that may boost its expansion in the semiconductor sector. Additionally, there was a vast and rising consumer market, highly qualified employees, and a robust information technology (IT) sector that could potentially assist the semiconductor industry's growth.


Market Segment

  • In 2022, the integrated circuits segment dominated with more than 37.2% market share over the forecast period.

Based on the type, the India Semiconductor Market is segmented into discrete semiconductors, optoelectronics, sensors, integrated circuits, and others. The integrated circuits segment has captured the highest market share in the India Semiconductor Market. The largest segmentation is integrated circuits, a type of semiconductor with dedicated functionalities. They generally consist of a number of simple semiconductor components. Analog integrated circuits, logic integrated circuits, memory integrated circuits, and micro integrated circuits are all subcategories of this category. Furthermore, the smart sensors segment is expected to grow at one of the fastest rates during the forecast period as a result of factors such as expanding requirements for smart sensors in IoT-based devices and consumer electronics, increasing use of sensors to improve industrial processes, rising demand from automakers to provide enhanced safety and comfort, and rapid adoption of wireless technology for monitoring and controlling security devices equipped with sophisticated sensors.


  • In 2022, the networking and communication segment is influencing the largest CAGR over the forecast period.

On the basis of application, the India Semiconductor Market is segmented into networking and communication, data processing, consumer electronics, power generation, electronic components, and others. Among these segments, the networking and communication segment dominates the largest market share over the forecast period. Demand for this application field is expanding as the demand to work from home becomes more common in both developed and developing nations. The expanding adoption of applications such as AI and 5G is also fueling advancements in the semiconductor sector. Furthermore, the data processing application category accounts for a large percentage of the India semiconductor market primarily because of the tremendous demand for and sales of smartphones and other connected devices.


Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the India Semiconductor Market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Also, due to their capacity to deliver a one-stop purchasing experience, consumers favor store-based channels.


List of Key Companies

  • Broadcom India Pvt. Ltd.
  • Chiplogic Semiconductor Services Private Limited
  • Tata Elxsi Limited
  • Continental Device India Pvt. Ltd.
  • MosChip Technologies Ltd.
  • NXP Semiconductors India Private Limited
  • eInfoChips Private Limited
  • ASM Technologies Ltd.
  • Masamb Electronics Systems Private Limited
  • Semi-Conductor Laboratory
  • Saankhya Labs Pvt. Ltd.
  • ROHM Semiconductor India Pvt. Ltd.
  • Infineon Technologies India Pvt. Ltd.
  • Renesas Electronics India Pvt. Ltd.
  • STMicroelectronics Pvt. Ltd.
  • Silicon Automation Systems (India) Pvt. Ltd.
  • Sand Microelctronics Pvt Ltd.
  • Silicon Interfaces
  • Smart Modular Tech


Key Target Audience

  • India Semiconductor Market Players
  • India Semiconductor Investors
  • India Semiconductor End-users
  • India Semiconductor Government Authorities 
  • India Semiconductor Consulting and Research Firm
  • India Semiconductor Venture capitalists
  • India Semiconductor Value-Added Resellers (VARs)


Recent Development

  • On July 2023, AMD plans to invest $400 million in India over the next five years and establish its largest design center in Bengaluru, the country's southernmost city, as the chipmaker joins a growing list of companies supporting the South Asian nation's ambition to become a semiconductor manufacturing hub. It will have cutting-edge collaboration technologies, plenty of lab space, and seating arrangements that encourage collaboration.


  • On July 2023, Mitsubishi Electric's Semiconductor & Devices department has provided its support to the nationwide semiconductors and devices lab initiative in order to boost India's semiconductor sector. This effort seeks to impart knowledge and hands-on experience about the role and application of semiconductors.


Market Segment

This study forecasts revenue at global, regional, and country levels from 2022 to 2032. Spherical Insights has segmented the India Semiconductor Market based on the below-mentioned segments:


India Semiconductor Market, By Type

  • Discrete Semiconductors
  • Optoelectronics
  • Sensors
  • Integrated Circuits
  • Others


India Semiconductor Market, By Composition Type

  • Intrinsic
  • Extrinsic


India Semiconductor Market, By Components

  • Memory devices
  • Logic Devices
  • Analog IC
  • Memory protection unit
  • Discrete Power Devices
  • Multipoint control unit
  • Sensors
  • Others


India Semiconductor Market, By Material Type

  • Silicon
  • Germanium
  • Gallium arsenide
  • Silicon carbide
  • Gallium Nitride
  • Others


India Semiconductor Market, By Application  

  • Networking and Communication
  • Data Processing
  • Consumer Electronics
  • Power Generation
  • Electronic Components
  • Others


India Semiconductor Market, By End-User

  • Telecommunication
  • Energy
  • Electrical and Electronics
  • Medical and Healthcare
  • Automotive
  • Aerospace
  • Defense and Military
  • Government
  • Others

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