Report Overview

India Semiconductor Market- Industry Trends & Forecast Report 2028

The India semiconductor market was worth USD 23.2 billion in 2021 and is further projected to reach USD 80.3 billion by the year 2028, growing at the CAGR of 17.10% in the forecast period. The rapid expansion of the market is due to the rising demand for consumer electronic products. Advanced technologies such as artificial intelligence, machine learning, the Internet of Things, and wired and wireless communications have also emerged, propelling the demand for the India semiconductor market.

Semiconductor - Overview

Semiconductors are an essential component of modern electronic devices and modern vehicles. Semiconductor chips have enabled advancements in communications, computing, healthcare, military systems, transportation, clean energy, and countless other applications around the world. Semiconductors are also the driving force behind future technologies, such as artificial intelligence (AI), quantum computing, advanced wireless networks, and virtual power plants. Semiconductors are also referred to as integrated circuits (ICs) or microchips.

India Semiconductor Market Forecast and Trends

Growth Drivers

Surging Demand for Consumer Electronic Goods

The semiconductor chip is an extremely crucial component in electronic devices. The constantly changing external environment like temperature directly influences conductivity. This is why various types of semiconductors are used together to allow control of electrical signals. The increasing demand for electronic devices with changing lifestyles and rising disposable income is emerging as one of the major driving factors for the growth of the semiconductor market.

Increasing Domestic Production of Semiconductors

The major semiconductor manufacturers are significantly investing in expanding their production activities to meet the global demand. The huge demand and supply gap for semiconductor chips with rising demand for electronic devices and shortage of production is providing opportunities to new entrants. Several companies such as ASM Technologies, Broadcom Inc., Tata Elxsi, NXP Semiconductors, etc., are establishing production plants and expanding their capacity, which is anticipated to drive the market growth in the forecast period.

Restraints

High Dependence On Imports Of Semiconductors

Before the pandemic broke out, India was completely dependent on countries like Taiwan, Singapore, Hong Kong, Thailand, and Vietnam for the supply of semiconductor chips. However, post the COVID-19 pandemic, the imports of chips were completely halted without any self-sufficiency in chip production. Furthermore, the surge in the consumer electronics goods such as smartphones also created a huge demand and supply gap in the market. The limited domestic production of semiconductors in India acts as a major restraining factor for the market growth.

Impact of COVID-19 on India Semiconductor Market

The unprecedented COVID-19 pandemic breakout put a huge hole in the semiconductor business. The market's expansion has been severely hampered by constraints on manufacturing and production, as well as supply chains. For semiconductor imports and components, India is mainly reliant on East Asian nations such as China, Hong Kong, and others. However, owing to the viral epidemic in China, import and export restrictions have totally shut off the supply of these components. Furthermore, a surge in demand for electronic gadgets during the epidemic resulted in a massive demand and supply mismatch.

India Semiconductor Market - By Component

Based on components, the India semiconductor market is segmented into memory devices, logic devices, analog IC, MPU, discrete power devices, MCU, sensors, and others. The memory devices segment has the highest share in the India semiconductor market. Because of the growing production of computers and associated devices, the two forms of semiconductor memory, random access memory (RAM) and read-only memory (ROM), are in great demand. Logic devices, on the other hand, account for a significant portion of the market.

India Semiconductor Market - By Application

Based on application, the India semiconductor market is segmented into networking and communications, data processing, industrial, consumer electronics, automotive, and government. Due to its widespread usage in a wide range of electronic products, including diodes, transistors, and integrated circuits, the consumer electronics industry holds the biggest market share. One of the main elements fueling the expansion of consumer electronics applications is the increasing demand for smartphones. During the projected period, however, the automotive industry is expected to increase at the fastest rate.

India Semiconductor Market - Regional Insights

Geographically, India semiconductor market is segmented into North, South, East, and West. Western India dominates the India semiconductor market. States like Gujarat and Maharashtra are emerging as the major semiconductor manufacturers in the country. Gujarat is already the home of India’s first water fabrication manufacturing facility. The major industry players are also establishing production plants in Rajasthan and Karnataka as well, which is anticipated to drive the market growth in the forecast period.

Competitive Landscape

The leading market players in the India semiconductor market are Samsung Electronics, Tata Elxsi, Continental Device India Ltd, Broadcom, SK Hynix, Semiconductor Laboratory, eInfochips, Inc., ASM Technologies, Infineon Technologies India Pvt. Ltd, Masamb Electronics Systems, NXP Semiconductor N.V., MosChip Technologies Limited, and other prominent players.

The India semiconductor market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Recent Development

• In March 2022, Vedanta Group announced its plans to invest USD 8.4 billion into a chip manufacturing unit in partnership with Hon Hai Technology Group.

Scope of the Report

By Components

• Memory Devices
• Logic Devices
• Analog IC
• MPU
• Discrete Power Devices
• MCU, Sensors
• Others

By Application

• Automotive
• Industrial
• Consumer Electronics
• Data Processing
• Networking and Communications
• Government

By Region

• North
• South
• East
• West

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. India Semiconductor Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Landscape/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. India Semiconductor Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Component
         1. Memory Devices
         2. Logic Devices
         3. Analog IC
         4. MPU
         5. Discrete Power Devices
         6. MCU
         7. Others Like Sensors
      2. By Application
         1. Networking And Communications
         2. Data Processing
         3. Industrial
         4. Consumer Electronics
         5. Automotive
         6. Government
      3. By Region
         1. North
         2. South
         3. East
         4. West
6. North India Semiconductor Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Component
      2. By Application
7. South India Semiconductor Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Component
      2. By Application
8. East India Semiconductor Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Component
      2. By Application
9. West India Semiconductor Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Component
      2. By Application
10. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
11. Impact of COVID-19 on Semiconductor Industry
12. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. Samsung Electronics
    2. Tata Elxsi
    3. Continental Device India Ltd
    4. Broadcom
    5. SK Hynix
    6. Semiconductor Laboratory
    7. eInfoChips, Inc.
    8. ASM Technologies
    9. Infineon Technologies India Pvt. Ltd
    10. Masamb Electronics Systems
    11. NXP Semiconductor N.V.
    12. MosChip Technologies Limited
    13. Other Prominent Players
13. Key Strategic Recommendations

List of Figures

 Figure 1        India Semiconductor Segmentation

Figure 2        India Semiconductor Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        India Semiconductor Market Size, By Value (USD Million), 2018-2028

Figure 5        India Semiconductor Market Share, By Component, By Value, 2018-2028

Figure 6        India Semiconductor Market Share, By Application, By Value, 2018-2028

Figure 8        India Semiconductor Market Share, By Region, By Value, 2018-2028

Figure 9        North India Semiconductor Market Size, By Value (USD Million), 2018-2028

Figure 10       North India Semiconductor Market Share, By Component, By Value, 2018-2028

Figure 11       North India Semiconductor Market Share, By Application, By Value, 2018-2028

Figure 12       South India Semiconductor Market Size, By Value (USD Million), 2018-2028

Figure 13       South India Semiconductor Market Share, By Component, By Value, 2018-2028

Figure 14       South India Semiconductor Market Share, By Application, By Value, 2018-2028

Figure 15       East India Semiconductor Market Size, By Value (USD Million), 2018-2028

Figure 16       East India Semiconductor Market Share, By Component, By Value, 2018-2028

Figure 17       East India Semiconductor Market Share, By Application, By Value, 2018-2028

Figure 18       West India Semiconductor Market Size, By Value (USD Million), 2018-2028

Figure 19       West India Semiconductor Market Share, By Component, By Value, 2018-2028

Figure 20       West India Semiconductor Market Share, By Application, By Value, 2018-2028

List of Tables

Table 1         India Semiconductor Market Size, By Component, By Value, 2018-2028                                                

Table 2         India Semiconductor Market Size, By Application, By Value, 2018-2028                                      

Table 3         India Semiconductor Market Size, By Region, By Value, 2018-2028                                            

Table 4         North India Semiconductor Market Size, By Component, By Value, 2018-2028                                       

Table 5         North India Semiconductor Market Size, By Application, By Value, 2018-2028                                                                                                 

Table 6         South India Semiconductor Market Size, By Component, By Value, 2018-2028                                       

Table 7         South India Semiconductor Market Size, By Application, By Value, 2018-2028                                                                                                           

Table 8         East India Semiconductor Market Size, By Component, By Value, 2018-2028                                         

Table 9         East India Semiconductor Market Size, By Application, By Value, 2018-2028                                          

Table 10        India Semiconductor Market Size, By Component, By Value, 2018-2028                                                

Table 11        West India Semiconductor Market Size, By Application, By Value, 2018-2028                                                                                         

Table 12        Samsung Electronics Company Overview                                        

Table 13        Samsung Electronics Financial Overview                                         

Table 14        Tata Elxsi Company Overview                                              

Table 15        Tata Elxsi Financial Overview                                              

Table 16        Broadcom Company Overview                                             

Table 17        Broadcom Financial Overview                                              

Table 18        SK Hynix Company Overview                                              

Table 19        SK Hynix Financial Overview                                      

Table 20        Semiconductor Laboratory Company Overview                                           

Table 21        Semiconductor Laboratory Financial Overview                                           

Table 22        eInfoChips, Inc. Company Overview                                               

Table 23        eInfoChips, Inc. Financial Overview                                      

Table 24        ASM Technologies Company Overview                                            

Table 25        ASM Technologies Financial Overview                

Table 26        Infineon Technologies India Pvt. Ltd Company Overview                                       

Table 27        Infineon Technologies India Pvt. Ltd Financial Overview           

Table 28        Masamb Electronics Systems Company Overview                                       

Table 29        Masamb Electronics Systems Financial Overview                              

Table 30        NXP Semiconductor N.V. Company Overview                                             

Table 31        NXP Semiconductor N.V. Financial Overview                                              

Table 32        MosChip Technologies Limited Company Overview                                     

Table 33        MosChip Technologies Limited Financial Overview