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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
The semiconductor market in India has experienced steady growth over the years, driven by the increasing demand for electronics in various sectors. India's semiconductor market is relatively smaller compared to global leaders like the United States, China, and Taiwan, but it has been expanding rapidly.
The demand for semiconductors in India is primarily propelled by sectors such as telecommunications, automotive, consumer electronics, and industrial applications. The rise of smartphones, smart devices, and the automotive industry has significantly contributed to the growth of the semiconductor market.
India has been working towards enhancing its semiconductor manufacturing capabilities, with initiatives like the "Make in India" program. Several semiconductor companies have established their presence in India, focusing on design, R&D, and manufacturing.
The Indian government has been taking initiatives to boost the semiconductor and electronics industry. Policies such as the National Policy on Electronics aim to promote domestic manufacturing and reduce dependence on imports.
Despite growth, the Indian semiconductor industry faces challenges, including infrastructure limitations, high import dependency for raw materials, and the need for significant investments in research and development.
Semiconductors are critical technological enablers in a wide range of cutting-edge digital gadgets. The number of semiconductor components in use throughout the world is increasing all the time. Semiconductors serve communications, signal processing, computing, and control applications in both consumer and industrial markets, and will continue to do so in the foreseeable future.
Semiconductors are made from silicon and germanium. Doping is a technique for introducing small amounts of impurities into clean semiconductors, resulting in a wide range of conductivity variations. Many investors consider semiconductor companies to be a critical investment since they play such an important part in the development of new technology items. The semiconductor industry, as well as the stocks that comprise it, is cyclical.
The Indian semiconductor industry is growing at a breakneck pace. The majority of semiconductor companies have started production in India. Chips are at the heart of many cutting-edge modern products, including smartphones, tablets, flat-screen displays and television sets, high-tech automobiles, new planes, and a variety of medical equipment.
Todayâs cutting-edge digital gadgets are powered by semiconductors, which are important technology enablers.
Growth in IoT and AI Applications: The increasing adoption of Internet of Things (IoT) and Artificial Intelligence (AI) technologies is driving the demand for advanced semiconductor solutions in India. These technologies are being integrated into various sectors, including smart cities, healthcare, and industrial applications.
Focus on Semiconductor Design: India has been witnessing a growing emphasis on semiconductor design capabilities. The country is becoming a hub for semiconductor design and R&D, with several global companies establishing design centers to leverage the skilled engineering talent.
Rise in Demand for Automotive Semiconductors: With the automotive industry undergoing a technological transformation, there is a surge in the demand for semiconductors in vehicles. Advanced driver assistance systems (ADAS), electric vehicles, and connectivity solutions are key drivers in this segment.
Government Initiatives and Policies: The Indian government has been actively promoting the semiconductor and electronics industry through initiatives like the National Policy on Electronics and the Make in India program. These efforts aim to boost domestic manufacturing and reduce dependency on imports.
Semiconductor Manufacturing Investments: Efforts are being made to attract investments in semiconductor manufacturing. The government is working towards creating a conducive environment for semiconductor fabs and fabs-related industries.
| S No | Overview of Development | Development Detailing | Region of Development | Possible Future Outcomes |
| 1 | India's plan to develop semiconductor ecosystem set in motion | The government has received five bids totaling Rs 1.53 lakh crore for the establishment of semiconductor manufacturing and display production factories. | India | This would enhance better Technological Controls |
| 2 | Tapping global expertise & providing infrastructure can make chips | The Centre promised incentives worth Rs 2.3 trillion in December 2021 as part of the current, more comprehensive PLI plan. | India | This would enhance better Technological Controls |
| 3 | Industry applauds government's Rs 76,000 scheme for semiconductors | With the approval of the Rs 76,000 crore incentive programme for semiconductor production by the Union Cabinet, | India | This would enhance better Technological Controls |
| 4 | India receives order worth 20 Million USD for production | Vedanta, ISMC and Elest are the few major proposal placers in the current investment sizing | India | This would enhance better Technological Controls |
| 5 | India-Taiwan mega semiconductor deal | India and Taiwan are negotiating an investment pact that will bring chip production to South Asia while also lowering component tariffs. | India | This would enhance better Technological Controls |
The India Semiconductor Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2026, registering a CAGR of XX% from 2024to 2030.
The India Semiconductor Mission, a specialised business sector of the Digital India Corporation, was founded by Union Information Technology Minister Ashwini Vaishnaw. The mission's goal is to create a thriving semiconductor and display ecosystem that will help India become a global leader in electronics manufacture and design. NEC Electronics, a Japanese semiconductor company, has chosen Wipro Technologies to provide semiconductor design services. Wipro Technologies is a global IT service business of Bangalore-based Wipro Ltd.
Wipro opened a dedicated software development centre for NEC Electronics to provide front-end and back-end technical support as well as work on chip designs.
NXP India, one of NXP Semiconductors' largest R&D centres, announced the introduction of the first 'Semiconductor Startup Incubation and Acceleration Program' in conjunction with the Ministry of Electronics and Information Technology (MeitY) and IIT-Fabless Hyderabad's Chip Design Incubator (FabCI). The goal is to locate, assist, and mentor semiconductor and IP design start-ups in both technological and business areas across India.
Insulators are predicted to benefit from the rise of artificial intelligence, the internet - of - things, including computer vision techniques, as these technologies let memory chips analyze vast amounts of data in less time.
Furthermore, the semiconductor industry is predicted to grow due to increased demand for faster and more powerful memory chips in industrial applications.Semiconductors are shrinking in size and structure, and a microchip may now store more and more devices, implying more capacities per semiconductor.
Qualcomm Technologies is a prominent developer of the latest integrated technologies focusing on better smarter PCB requirements for the future.
The introduction in February 2020, Snapdragon Digital Chassis, the Snapdragon Ride Platforms, has gained some traction with such an increasing range of international manufacturers and Tier 1 suppliers. This same Snapdragon Ride Vision System is an innovative product offering that includes an open, adaptable, and adaptable machine learning software platform based on an industry-leading 4-nanometer (4nm) processor nodes.
Samsung Semiconductors has been delivering bespoke printed circuit boards (PCBs) for medical devices, which are created precisely for your medical instruments demands and a broad range of automotive and industrial sector requirements. The Samsung Xclipse GPU is intended to bring about a new age in mobile gaming by totally changing the way we play. Playtime has come to an end.
With such an octa-core CPU and tri-cluster structure that incorporates the cutting-edge Arm Cortex-X2 core, the Exynos 2200 delivers strong processing for a superior gaming experience, including quicker game loading, fluid navigation, and quicker processing of action footage.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope |
| 3 | Research Methodology |
| 4 | Executive Summary |
| 5 | Introduction |
| 6 | Automotive Semiconductor Manufacturing Locations Worldwide |
| 7 | Semiconductor Lead Time in the Automobile Industry |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Semiconductor Shortage Cause & Impact on Sales |
| 10 | Impact of Semiconductor shortage on Infotainment Market |
| 11 | Impact of Semiconductor shortage on Lighting Market |
| 12 | Impact of Semiconductor shortage on ADAS Market |
| 13 | EV sales growth and impact on Semiconductor Market |
| 14 | New product development in the Semiconductor Market |
| 15 | Market Size, Dynamics and Forecast by Vehicle type, 2024-2030 |
| 16 | Market Size, Dynamics and Forecast by Application,2024-2030 |
| 17 | Market Size, Dynamics and Forecast by End-Use, 2024-2030 |
| 18 | Competitive Landscape |
| 19 | Market share of major vendors-2023 |
| 20 | OEM-Supplier Relationship |
| 21 | Growth and Expansion plans of major companies |
| 22 | M&A activity in past 5 years |
| 23 | Company Profiles |
| 24 | Unmet needs and opportunity for new vendors |
| 25 | Conclusion |
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