Semiconductors - India

  • India
  • Revenue in the Semiconductors market is projected to reach US$8.85bn in 2025.
  • Integrated Circuits dominates the market with a projected market volume of US$4.53bn in 2025.
  • Revenue is expected to show an annual growth rate (CAGR 2025-2029) of 10.74%, resulting in a market volume of US$13.31bn by 2029.
  • In global comparison, most revenue will be generated in China (US$204.00bn in 2025).
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Currency

Revenue

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Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Aug 2024

Source: Statista Market Insights

Technology

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Semiconductors: market data & analysis - Background Semiconductors: market data & analysis - Cover

Key Players

in percent

2023
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Most recent update: Feb 2025

Source: Statista Market Insights

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.

Global Comparison

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Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Aug 2024

Source: Statista Market Insights

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.

Key Market Indicators

The following Key Market Indicators give an overview of the social and economic outlook of the selected region and provide additional insights into relevant market-specific developments. These indicators, together with data from statistical offices, trade associations and companies serve as the foundation for the Statista market models.

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