PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1088301
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1088301
India Semiconductor Market, By Component, By Application, By Region Trend Analysis, Competitive Market Share & Forecast, 2018-2028
India Semiconductor Market to Grow at a CAGR of 17% during Forecast Period
India semiconductor market is growing at a high CAGR because of the increasing demand for consumer electronic goods such as smartphones, etc., along with increasing demand for IoT devices and expanding electric vehicle production…
A recent study conducted by the strategic consulting and market research firm, BlueWeave Consulting, revealed that the India semiconductor market was worth USD 23.2 billion in the year 2021. The market is projected to grow at a CAGR of 17.1%, earning revenues of around USD 80.3 billion by the end of 2028. The India semiconductor market is booming because of the rising demand for consumer electronic items like smartphones, televisions, and digital cameras, as well as the increased manufacturing of electric cars. In addition, rising demand for IoT devices is emerging as a significant driver of market expansion. However, high dependence on other countries for semiconductor chip imports may act as a huge restraining factor for the market growth.
Expanding Electric Vehicle Production is Driving Semiconductor Market
One of the primary driving factors for the market is the growing usage of semiconductors in electric cars. They are employed in the development of important vehicle tasks including power management, displays, sensors, and safety features, among others. In addition, the integration of IoT sensors is driving up semiconductor chip demand. In the projected period, increased consumer awareness of electric cars and carbon emissions, as well as expanding production by key EV manufacturers, are expected to drive semiconductor demand.
Favorable Government Initiatives and Investments is Presenting Lucrative Growth Opportunities for Market Growth
The government of India is significantly focusing on making the country self-reliant in semiconductor manufacturing, especially post the coronavirus pandemic. According to India Briefing, The Indian government announced the Program for Development of Semiconductors and Display Manufacturing Ecosystem in India in December 2021, with a budget of INR 760 billion (about US$10 billion) to build a sustainable semiconductor and display manufacturing ecosystem in India. This is anticipated to boost the market growth in the forecast period.
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. The consumer electronics industry has the largest market share because of its broad use in a wide range of electronic devices, such as diodes, transistors, and integrated circuits. The growing demand for smartphones is one of the key factors driving the rise of consumer electronics applications. The automobile industry, on the other hand, is likely to grow at the quickest rate throughout the forecast period.
India Semiconductor Market - Regional Insights
Geographically, the India semiconductor market is segmented into North, South, East, and West. The Indian semiconductor market is dominated by Western India. Gujarat and Maharashtra are emerging as the country's leading semiconductor makers. Gujarat is already home to the country's first water manufacturing factory. Major industry players are also developing manufacturing facilities in Rajasthan and Karnataka, which is expected to fuel market expansion throughout the forecast period.
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.
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.
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The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the India semiconductor market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India semiconductor market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
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Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Research Methodology
- 2.1. Qualitative Research
- 2.1.1. Primary & Secondary Research
- 2.2. Quantitative Research
- 2.3. Market Breakdown & Data Triangulation
- 2.3.1. Secondary Research
- 2.3.2. Primary Research
- 2.4. Breakdown of Primary Research Respondents, By Region
- 2.5. Assumption & Limitation
3. Executive Summary
4. India Semiconductor Market Insights
- 4.1. Industry Value Chain Analysis
- 4.2. DROC Analysis
- 4.2.1. Growth Drivers
- 4.2.2. Restraints
- 4.2.3. Opportunities
- 4.2.4. Challenges
- 4.3. Technological Landscape/Recent Development
- 4.4. Regulatory Framework
- 4.5. Porter's Five Forces Analysis
- 4.5.1. Bargaining Power of Suppliers
- 4.5.2. Bargaining Power of Buyers
- 4.5.3. Threat of New Entrants
- 4.5.4. Threat of Substitutes
- 4.5.5. Intensity of Rivalry
5. India Semiconductor Market Overview
- 5.1. Market Size & Forecast by Value, 2018-2028
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Component
- 5.2.1.1. Memory Devices
- 5.2.1.2. Logic Devices
- 5.2.1.3. Analog IC
- 5.2.1.4. MPU
- 5.2.1.5. Discrete Power Devices
- 5.2.1.6. MCU
- 5.2.1.7. Others Like Sensors
- 5.2.2. By Application
- 5.2.2.1. Networking And Communications
- 5.2.2.2. Data Processing
- 5.2.2.3. Industrial
- 5.2.2.4. Consumer Electronics
- 5.2.2.5. Automotive
- 5.2.2.6. Government
- 5.2.3. By Region
- 5.2.3.1. North
- 5.2.3.2. South
- 5.2.3.3. East
- 5.2.3.4. West
- 5.2.1. By Component
6. North India Semiconductor Market
- 6.1. Market Size & Forecast by Value, 2018-2028
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Component
- 6.2.2. By Application
7. South India Semiconductor Market
- 7.1. Market Size & Forecast by Value, 2018-2028
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Component
- 7.2.2. By Application
8. East India Semiconductor Market
- 8.1. Market Size & Forecast by Value, 2018-2028
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Component
- 8.2.2. By Application
9. West India Semiconductor Market
- 9.1. Market Size & Forecast by Value, 2018-2028
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Component
- 9.2.2. By Application
10. Competitive Landscape
- 10.1. List of Key Players and Their Offerings
- 10.2. Market Share Analysis, 2021
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. 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) **
- 12.1. Samsung Electronics
- 12.2. Tata Elxsi
- 12.3. Continental Device India Ltd
- 12.4. Broadcom
- 12.5. SK Hynix
- 12.6. Semiconductor Laboratory
- 12.7. eInfoChips, Inc.
- 12.8. ASM Technologies
- 12.9. Infineon Technologies India Pvt. Ltd
- 12.10. Masamb Electronics Systems
- 12.11. NXP Semiconductor N.V.
- 12.12. MosChip Technologies Limited
- 12.13. 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
