Austin, TX, USA, March 12, 2024 (GLOBE NEWSWIRE) -- Custom Market Insights has published a new research report titled “India Semiconductor Market Size, Trends and Insights By Component (Memory Devices, Analog IC, MPU, MCU, Sensors, Discrete Power Devices, Others), By Application (Telecommunication, Defence, Industrial, Consumer Electronics, Automotive, Others), and By Region - Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032” in its research database.
“According to the latest research study, the demand of India Semiconductor Market size & share was valued at approximately USD 27 Billion in 2022 and is expected to reach USD 34.3 Billion in 2023 and is expected to reach a value of around USD 100.2 Billion by 2032, at a compound annual growth rate (CAGR) of about 20.1% during the forecast period 2023 to 2032.”
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Indian Semiconductor Market – Overview
A semiconductor is a type of material that falls between conductors and insulators in terms of electrical conductivity. Semiconductors, such as silicon, are fundamental to the construction of transistors, diodes, and integrated circuits, and serve as the building blocks for modern electronics.
These materials play a critical role in controlling and processing electrical signals and enable the development of a wide range of electronic technologies.
By component, the memory device segment held the highest market share in 2022 and is expected to keep its dominance during the forecast period. In India, trends in memory devices reflect a growing demand for higher-capacity and faster storage solutions.
With the surge in data-driven applications, there’s a notable shift towards solid state drives (SSDs) over traditional hard disk drives (HDDs). The adoption of non-volatile memory express (NVMe) technology is accelerating, enhancing data transfer speeds.
In addition, increased use of smartphones and digitalization initiatives boost demand for high-capacity RAM modules. The gaming industry’s expansion also drives interest in faster and more efficient memory solutions. For instance, India will get its first domestically made memory chip from Gujarat by the end of the year, with the state government having signed a lucrative deal with South Korea’s Simmtech.
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By application, the consumer electronics segment dominated the Indian semiconductor market. India’s appliances and consumer electronics industry is expected to grow by about 10% in 2024 as players offer more premium products, cater to rising demand for smart appliances and make more investments.
Consumer electronics trends in India showcase a shift towards advanced technologies and digitalization. Rising demand for smart home devices, which include IoT-enabled products such as smart TVs, speakers, and appliances. The smartphone market sees a focus on affordable yet feature-rich models, contributing to increased smartphone penetration.
Additionally, there’s a growing interest in wearables, such as fitness trackers and smartwatches. E-commerce platforms play a pivotal role in driving accessibility.
West India held the highest market share in Indian semiconductor market in 2022 and is expected to keep its dominance during the forecast period.
Mumbai and Pune are emerging key centers for semiconductor design and manufacturing with a focus on innovation, research, and development, the region is witnessing a surge in startups and collaborations, creating a robust ecosystem.
The adoption of cutting-edge technologies such as AI, IoT, and 5G is driving demand for advanced semiconductor products.
Report Scope
| Feature of the Report | Details |
| Market Size in 2023 | USD 34.3 Billion |
| Projected Market Size in 2032 | USD 100.2 Billion |
| Market Size in 2022 | USD 27 Billion |
| CAGR Growth Rate | 20.1% CAGR |
| Base Year | 2022 |
| Forecast Period | 2023-2032 |
| Key Segment | By Component, Application and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Country Scope | India |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
(A free sample of the India Semiconductor report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2023 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package.
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on the Request.
- Updated Regional Analysis with a Graphical Representation of Size, Share, and Trends for the Year 2023
- Includes Tables and figures have been updated.
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the India Semiconductor report has been modified to include the COVID-19 impact study prior to delivery.)
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Custom Market Insight has comprehensively analyzed India semiconductor market. The driving forces, restraints, challenges, opportunities, and key trends have been explained in depth to depict the in-depth scenario of the market. Segment wise market size and market share during the forecast period are duly addressed to portray the probable picture of this India semiconductor industry.
The competitive landscape includes key innovators, after market service providers, market giants as well as niche players are studied and analyzed extensively concerning their strengths, weaknesses as well as value addition prospects. In addition, this report covers key players profiling, market shares, mergers and acquisitions, consequent market fragmentation, new trends and dynamics in partnerships.
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Key questions answered in this report:
- What is the size of the India Semiconductor market and what is its expected growth rate?
- What are the primary driving factors that push the India Semiconductor market forward?
- What are the India Semiconductor Industry's top companies?
- What are the different categories that the India Semiconductor Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the India Semiconductor market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2023−2032
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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India Semiconductor Market Regional Insight
By region, India semiconductor market is segmented into South India, North India, West India and East India. West India dominated the global market in 2022 with a market share of 45% in 2022 and is expected to keep its dominance during the forecast period.
This region houses established tech hubs like Ahmadabad, Pune and Mumbai, attracting major investments and production facilities from companies such as Micron Technology and Tata Electronics. Mumbai, the financial hub, is a key center for semiconductor design and research, fostering innovation and collaboration. Pune, with a strong industrial presence, hosts semiconductor manufacturing units.
Both cities drive trends such as increased R&D investments, fostering startups, and embracing emerging technologies. The synergy between innovation in Mumbai and production in Pune positions them as vital hubs, steering India’s semiconductor market with a blend of technological competence and industrial strength.
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List of the prominent players in the India Semiconductor Market:
- 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
- E-InfoChips 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
- Others
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The Indian Semiconductor Market is segmented as follows:
By Component
- Memory Devices
- Analog IC
- MPU
- MCU
- Sensors
- Discrete Power Devices
- Others
By Application
- Telecommunication
- Defence
- Industrial
- Consumer Electronics
- Automotive
- Others
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This India Semiconductor Market Research/Analysis Report Contains Answers to the following Questions.
- Which Trends Are Causing These Developments?
- Who Are the Key Players in This India Semiconductor Market? What are Their Company Profile, Product Information, and Contact Information?
- What Was the Market Status of the India Semiconductor Market? What Was the Capacity, Production Value, Cost and PROFIT of the India Semiconductor Market?
- What Is the Current Market Status of the India Semiconductor Industry? What's Market Competition in This Industry, Both Company and Country Wise? What's Market Analysis of India Semiconductor Market by Considering Applications and Types?
- What Are Projections of the India Semiconductor Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about imports and exports?
- What Is India Semiconductor Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is the Economic Impact On India Semiconductor Industry? What are Macroeconomic Environment Analysis Results? What Are Macroeconomic Environment Development Trends?
- What Are Market Dynamics of India Semiconductor Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, and Marketing Channels for India Semiconductor Industry?
Click Here to Access a Free Sample Report of the India Semiconductor Market @ https://www.custommarketinsights.com/report/india-semiconductor-market/
Reasons to Purchase India Semiconductor Market Report
- India Semiconductor Market Report provides qualitative and quantitative analysis of the market based on segmentation involving economic and non-economic factors.
- India Semiconductor Market report outlines market value (USD) data for each segment and sub-segment.
- This report indicates the region and segment expected to witness the fastest growth and dominate the market.
- India Semiconductor Market Analysis by geography highlights the consumption of the product/service in the region and indicates the factors affecting the market within each region.
- The competitive landscape incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled.
- Extensive company profiles comprising company overview, company insights, product benchmarking, and SWOT analysis for the major market players.
- The Industry's current and future market outlook concerning recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging and developed regions.
- India Semiconductor Market Includes in-depth market analysis from various perspectives through Porter's five forces analysis and provides insight into the market through Value Chain.
Reasons for the Research Report
- The study provides a thorough overview of the India Semiconductor market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
Buy this Premium India Semiconductor Research Report | Fast Delivery Available - [220+ Pages] @ https://www.custommarketinsights.com/report/india-semiconductor-market/
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide India Semiconductor market analysis.
- The competitive environment of current and potential participants in the India Semiconductor market is covered in the report, as well as those companies' strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide India Semiconductor market should find this report useful. The research will be useful to all market participants in the India Semiconductor industry.
- Managers in the India Semiconductor sector are interested in publishing up-to-date and projected data about the worldwide India Semiconductor market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in India Semiconductor products' market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
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