Indian Semiconductor Market reached a value of US$ 27.66 Bn. in 2022. Indian Semiconductor Market size is expected to grow at a CAGR of 27.2% during the forecast period.
Indian Semiconductor Market Overview:A semiconductor is a crystalline material made up of silicon, tin, selenium, germanium, gallium, and other elements. Semiconductors basically provide electrical conductivity among an insulator and a conductor. Semiconductors are utilized in a wide range of electronic devices, including smartphones and cloud servers, as well as modern autos, industrial automation, vital infrastructure, and defense systems. Its manufacture necessitates a large number of components and technologies. Only a few countries across the globe have perfected their manufacture of semiconductors, leaving the others to rely on imports. TSMC (Taiwan Semiconductor Manufacturing Company) in Taiwan and Samsung in South Korea produce up to 70% of the world's semiconductors. India exported US$ 160 Mn in Semiconductor Devices in 2021, Sales of semiconductors from India decreased by 54% in value terms compared to 2021, making it the 19th largest exporter of Semiconductor Devices in the world, while India imported US$ 2.17 Bn in 2021 as sales of the commodity to India decreased by 32% in value terms compared to 2021, becoming the 9th largest importer of Semiconductor Devices in the world.To know about the Research Methodology:- Request Free Sample Report
Indian Semiconductor Market Dynamics:Current Insights of Semiconductor Market in India: The semiconductor business has grown to become one of the most essential industries, as it has become an inseparable part of practically all sectors. For example, it is a necessary component of all electronic devices. By 2021, local electronics consumption has reached US$ 400 billion, resulting in a chip market worth between US$ 50 and US$ 60 billion. Chip consumption has grown by 61.44% to US$ 8.25 billion in the last two years. With approximately 2,000 chips designed every year and over 20,000 professionals working on various elements of chip design and verification, India has become a semiconductor design hotspot. The semiconductor industry is divided into fables, which deal with design and fabrication, and semiconductor foundries, which manufacture the final microchip. There are three types of semiconductor design: very-large-scale integration (VLSI), embedded software, and electronic design automation (EDA). In India, VLSI owns the biggest part of the Indian semiconductor design sector. While VLSI is big in Bengaluru, Noida is home to the majority of India's EDA operations.
The growing use of AI is creating huge opportunities in the semiconductor market:Artificial intelligence (AI) is the development of intelligent hardware or software that can mimic human activities like learning and problem-solving. Semiconductors are expected to play an important role in the AI opportunity's acceleration. According to MMR, report revenues from AI-related chips are expected to reach 71 billion US dollars in 2025. Several start-up firms are creating new chip architectures geared for AI, competing with incumbents like Intel and Nvidia for a piece of the AI chip. As a result, the semiconductor market is expected to grow at a significant rate during the forecast period.
Adoption of Advanced Technology Drives the Semiconductor Market:India has risen to among the top of the globe in terms of new technology adoption, thanks to the growing acceptance of electric vehicles and the plan for launching of 5G network technologies by 2022. Semiconductor demand is expected to grow over the forecast period as a result of the adoption of these technologies. The deployment of 5G technology is expected to increase the usage of smart home devices, smart cities, smartphones, and other personal gadgets, which in turn is expected to boost the product demand. According to the 'Internet and Mobile Association of India', India currently has over 500 million smartphone users, with the figure expected to reach more than 800 million by 2025. The growing usage of semiconductors for safety, electrification, communication, and the connection is expected to increase as the adoption and production of electric vehicles (EV) grows in India. India is one of the world's largest EV markets, with sales of 236,802 units in 2021, and sell of 143,837 units during the first 6 months of 2021. These factors are expected to boost the semiconductor industry in India during the forecast period.
Supportive Government Initiatives For Semiconductor Market:In 2022, the semiconductor scarcity was felt all across the globe, including India. This is why the country opted to become self-sufficient in semiconductor chip manufacturing so swiftly, allocated US$ 10 billion in production-related incentives (PLI). Over the next six years, the goal is to establish over 20 semiconductor design, component production, and display fabrication units in India. The PLI is expected to attract more than 263 billion with 15 to 20 MSME units will be formed as a result of this program during the next 6 years. In addition, the government also announced that it will cover up to half of the cost of establishing two semiconductor and two display fabrication units, along with R&D centers, talent development centers, and other facilities. India has established itself as a center for semiconductor research and design, but the country has yet to develop its chips. Semiconductor Manufacturing Company (TSMC) and United Microelectronics Corporation (UMC) may begin work on their projects in India soon. In addition, Vedanta, led by Anil Aggarwal, is willing to invest up to US$ 800 million in establishing a sophisticated chip and glass manufacturing ecosystem. The Tata group is in discussions with three states about investing up to $300 million in a semiconductor manufacturing plant. The Indian government has launched a number of initiatives to boost the country's electronics industry. It recently approved a National Electronics Policy (NPE). The policy's major goal is to generate revenues of roughly US$ 400 billion by 2021, with an investment of US$ 100 billion, and to employ around 28 million people. The NPE intends to achieve a chip design and embedded software industry turnover of US$ 55 billion and US$ 80 billion in exports in the sector. The Indian government also intends to establish over 200 electronic manufacturing clusters. India is also providing more than $1 billion in cash to each semiconductor company that establishes a production unit in the country as part of its efforts to expand its smartphone assembly market and develop its electronics supply chain. In addition, the government of India has offered more than $30 billion in form of incentives and subsidies to entice some of the world's leading electronics manufacturers to set up a workshop in India and boost the home industry.
Indian Semiconductor Market Segment Analysis:Based on the Type, the Indian Semiconductor Market is segmented into Intrinsic Semiconductor and Extrinsic Semiconductor. The Intrinsic Semiconductor segment held the largest market share, accounting for xx% in 2022. An intrinsic semiconductor, often known as a pure semiconductor, is a semiconductor that contains no impurities or dopants. The intrinsic semiconductor provides a wide range of benefits, including high electrical conductivity, temperature insulation, and cost-effectiveness, which is driving the intrinsic semiconductor market growth for this segment.
Current and Planned Investment in Indian Semiconductor Market:IBM and STMicroelectronics are in advanced talks with the Indian government about a US$ 7.91 billion investment to build India's first chip manufacturing facility. Cadence Design Systems has finalized the acquisition of Bengaluru-based Cosmic Circuits Private Ltd, a producer of analog and mixed-signal intellectual property (IP) cores. In Gurgaon, Haryana, Hitachi High-Technologies Corp formed Hitachi High-Technologies India Pvt Ltd (Hitachi High-Tech India). Hitachi High-Tech India's foundation should allow Hitachi High-Tech to exhibit its global sales and sourcing skills in India, a strategic region for the Hitachi Group, with the goal of fast producing annual sales over US$10 billion in India. In Noida, Uttar Pradesh, Atrenta Inc has opened a research and development (R&D) facility (UP). Atrenta's present employees will be housed in the new facility, which will also suit the company's near-term expansion needs. CircuitSutra has teamed with Forte Design Systems to deliver VLSI design services across India. ARM AMBA AXI and OCP-IP models compatible with Forte's Synthesizer SystemC high-level synthesis will be developed in collaboration with Forte and CircuitSutra (HLS). The objective of the report is to present a comprehensive analysis of the Indian Semiconductor Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Indian Semiconductor Market dynamic, structure by analyzing the market segments and projecting the Indian Semiconductor Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Indian Semiconductor Market make the report investor’s guide.
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Indian Semiconductor Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US$ 27.66 Bn. Forecast Period 2023 to 2029 CAGR: 27.2% Market Size in 2029: US$ 149.05 Bn. Segments Covered: by Type Intrinsic Semiconductor Extrinsic Semiconductor by Material Silicon Geranium Carbon Tin Others by Application Electronics Telecommunication Information & Technology Data Processing Automotive Industrial Machinery Others Sports & Fitness
Indian Semiconductor Market Key Players:1. NXP Semiconductors 2. Cisco Systems (India) Pvt. Ltd. 3. Adroit IC Design 4. Ineda Systems 5. Semiconductors India Pvt. Ltd. 6. Cadence Design Systems (India) Pvt. Ltd. 7. D’GIPRO Systems Pvt. Ltd. 8. DCM Data Systems Ltd. 9. Digital-X (India) Pvt Ltd. 10. HCL Technologies India Pvt. Ltd. 11. HiQ Networks (India) Pvt. Ltd. 12. IBM Global Services India Pvt. Ltd. 13. IKOS India Pvt. Ltd. 14. Silicon Automation Systems (India) Pvt. Ltd. (SASI) 15. Sand Microelctronics (I) Pvt Ltd 16. Silicon Interfaces 17. Smart Modular Tech. 18. Spike Technologies (India) Pvt. Ltd. 19. Shonk Technologies ltd 20. Semiconductor Complex Ltd. 21. Tata Elxsi Ltd. 22. Tata Infotech Ltd. 23. Texas Instruments (India) Ltd.
Frequently Asked Questions:1] What segments are covered in the Indian Semiconductor Market report? Ans. The segments covered in the Indian Semiconductor Market report are based on Type, Material, and Application. 2] Which key players hold the highest share in the Indian Semiconductor Market? Ans. The NXP Semiconductors, Cisco Systems (India) Pvt. Ltd., Semiconductors India Pvt. Ltd., Digital-X (India) Pvt Ltd., and HCL Technologies India Pvt. Ltd. hold the highest share in the Indian Semiconductor Market. 3] What is the market size of the Indian Semiconductor Market by 2029? Ans. The market size of the Indian Semiconductor Market by 2029 is expected to reach US$ 149.05 Bn. 4] What is the forecast period for the Indian Semiconductor Market? Ans. The Forecast period for the Indian Semiconductor Market is 2023-2029. 5] What was the market size of the Indian Semiconductor Market in 2022? Ans. The market size of the Indian Semiconductor Market in 2022 was valued at US$ 27.66 Bn.
1. Indian Semiconductor Market Size: Research Methodology 2. Indian Semiconductor Market Size: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Indian Semiconductor Market Size 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Indian Semiconductor Market Size: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North India • South India • East India • West India 3.12. COVID-19 Impact 4. Indian Semiconductor Market Size Segmentation 4.1. Indian Semiconductor Market Size, by Type (2022-2029) • Intrinsic Semiconductor • Extrinsic Semiconductor 4.2. Indian Semiconductor Market Size, by Material (2022-2029) • Silicon • Geranium • Carbon • Tin • Others 4.3. Indian Semiconductor Market Size, by Application (2022-2029) • Electronics • Telecommunication • Information & Technology • Data Processing • Automotive • Industrial Machinery • Others Sports & Fitness 5. Company Profile: Key players 5.1. NXP Semiconductors 5.1.1. Company Overview 5.1.2. Financial Overview 5.1.3. Global Presence 5.1.4. Capacity Portfolio 5.1.5. Business Strategy 5.1.6. Recent Developments 5.2. Cisco Systems (India) Pvt. Ltd. 5.3. Adroit IC Design 5.4. Ineda Systems 5.5. Semiconductors India Pvt. Ltd. 5.6. Cadence Design Systems (India) Pvt. Ltd. 5.7. D’GIPRO Systems Pvt. Ltd. 5.8. DCM Data Systems Ltd. 5.9. Digital-X (India) Pvt Ltd. 5.10. HCL Technologies India Pvt. Ltd. 5.11. HiQ Networks (India) Pvt. Ltd. 5.12. IBM Global Services India Pvt. Ltd. 5.13. IKOS India Pvt. Ltd. 5.14. Silicon Automation Systems (India) Pvt. Ltd. (SASI) 5.15. Sand Microelctronics (I) Pvt Ltd 5.16. Silicon Interfaces 5.17. Smart Modular Tech. 5.18. Spike Technologies (India) Pvt. Ltd. 5.19. Shonk Technologies ltd 5.20. Semiconductor Complex Ltd. 5.21. Tata Elxsi Ltd. 5.22. Tata Infotech Ltd. 5.23. Texas Instruments (India) Ltd.