Semiconductors - India

India

Revenue in the Semiconductors market is projected to reach US$7.69bn in 2024.
Integrated Circuits dominates the market with a projected market volume of US$3.81bn in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 11.60%, resulting in a market volume of US$13.31bn by 2029.
In global comparison, most revenue will be generated in China (US$177.80bn in 2024).

Definition:

Semiconductors are the crucial building blocks of all the electronics we see daily. The semiconductor industry comprises companies that design, fabricate, assemble, test, and supply semiconductors that are suitable for various applications. The semiconductor market represents the market size of the semiconductors used in various electronics applications.

Structure:

The semiconductor market is structured into four different markets based on the functionality of the semiconductors as follows:

The Discrete Semiconductors market represents the semiconductors that have a basic function and are mostly built using a single semiconductor device. These are further used in an application in conjunction with other semiconductors.
The Integrated Circuits market is the largest market and represents the semiconductors that have specific functionality. They generally consist of several basic semiconductor devices. This market is further divided into Analog Integrated Circuits, Logic Integrated Circuits, Memory Integrated Circuits, and Micro Integrated Circuits.
The Optoelectronics market represents the semiconductors that have functionality related to light.
The last market Sensors & Actuators represents the semiconductors that sense real-world factors and those that actuate other devices.

Additional Information:

The semiconductor market comprises revenue, revenue change, and key player market shares as the key performance indicators. Only the revenues that are generated by primary vendors at the manufacturer price level either directly or through distribution channels (excluding value-added tax) are included and the revenues generated by resellers are excluded. Revenues are generated through both online and offline sales channels and include spending by consumers (B2C), enterprises (B2B), and governments (B2G). Further definitions of the markets can be found on respective pages.

Key players in this market include Samsung, Intel, SK Hynix, Qualcomm, Micron, etc.,

For more information on the displayed data, use the info button right next to the boxes.

Market

Region

Region comparison

Currency

Analyst Opinion

The Semiconductors market in India has experienced significant growth in recent years, driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: Indian consumers have shown a growing preference for electronic devices, such as smartphones, laptops, and tablets, which has fueled the demand for semiconductors. The increasing adoption of digital technologies, coupled with rising disposable incomes, has led to a surge in the sale of consumer electronics in the country. Additionally, the government's push for digitalization and the growing popularity of e-commerce platforms have further boosted the demand for semiconductors.

Trends in the market: One of the key trends in the Indian semiconductor market is the shift towards advanced technologies, such as 5G, artificial intelligence (AI), and Internet of Things (IoT). With the rollout of 5G networks in the country, there is a growing need for high-performance semiconductors to support the increased data speeds and connectivity. Furthermore, the increasing adoption of AI and IoT across various industries has created a demand for specialized semiconductors that can handle complex computational tasks and enable seamless connectivity.

Local special circumstances: India has a rapidly growing middle class population, which is driving the demand for consumer electronics and other high-tech products. The government's "Make in India" initiative, aimed at promoting domestic manufacturing, has also played a significant role in the growth of the semiconductor market. The government has introduced various incentives and policies to attract foreign investments in the semiconductor sector, leading to the establishment of semiconductor manufacturing facilities in the country.

Underlying macroeconomic factors: India's strong economic growth and favorable demographic profile have contributed to the development of the semiconductor market. The country's young population, increasing urbanization, and rising disposable incomes have created a conducive environment for the adoption of digital technologies and consumer electronics. Additionally, the government's focus on infrastructure development, including the expansion of broadband connectivity and the establishment of smart cities, has further fueled the demand for semiconductors. In conclusion, the Semiconductors market in India has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing adoption of digital technologies, the shift towards advanced technologies, the government's push for domestic manufacturing, and India's strong economic growth have all contributed to the development of the semiconductor market in the country.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at the manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use the annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.