India Semiconductor Market Overview

Base Year: 2024

Historical Years: 2019-2024

Forecast Years: 2025-2033

Market Growth Rate: 12.45% (2025-2033)

The India semiconductor market is rapidly emerging as a key player in the global supply chain, driven by increasing demand, government initiatives, and growing investments in manufacturing and design capabilities. According to the latest report by IMARC Group, The India semiconductor market size reached USD 53.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 161.0 Billion by 2033, exhibiting a growth rate (CAGR) of 12.45% during 2025-2033.

India Semiconductor Industry Trends and Drivers:

India's semiconductor market is smaller than global leaders, but it is gaining momentum. This growth comes from increased domestic consumption in sectors such as electronics, automotive, and telecommunications. The government's strong focus on the "Make in India" initiative and schemes like the Production Linked Incentive (PLI) are attracting investments in semiconductor manufacturing and design. The demand for electronic devices is growing. This is due to rising disposable incomes and increased digital access. These factors drive semiconductor consumption significantly. The automotive sector is also integrating more electronics, such as advanced driver-assistance systems and electric vehicles, which boosts semiconductor demand. Additionally, the rapid growth of the telecommunications sector, especially with the rollout of 5G, requires advanced semiconductor solutions.

Artificial intelligence, machine learning, and Internet of Things apps are driving demand for high-performance computing and specialized semiconductors. India has a strong talent pool in chip design and verification. This gives it a competitive edge and attracts global companies to set up design and R&D centers. Government support is key for building a strong semiconductor ecosystem. This includes creating manufacturing facilities and promoting skill development. Increasing attention to data localization and security also requires India to develop its own semiconductor manufacturing capabilities. Despite challenges like high initial costs and the need for advanced technology, strong domestic demand and supportive government policies make India a promising place for semiconductor industry growth in the coming years.

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India Semiconductor Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Components:

1. Memory Devices

2. Logic Devices

3. Analog IC

4. MPU

5. Discrete Power Devices

6. MCU

7. Sensors

8. Others

Breakup by Material Used:

1. Silicon Carbide

2. Gallium Manganese Arsenide

3. Copper Indium Gallium Selenide

4. Molybdenum Disulfide

5. Others

Breakup by End User:

1. Automotive

2. Industrial

3. Data Center

4. Telecommunication

5. Consumer Electronics

6. Aerospace and Defense

7. Healthcare

8. Others

Breakup by Region:

1. South India

2. North India

3. West and Central India

4. East India

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Key highlights of the Report:

1. Market Performance (2019-2024)

2. Market Outlook (2025-2033)

3. COVID-19 Impact on the Market

4. Porter’s Five Forces Analysis

5. Strategic Recommendations

6. Historical, Current and Future Market Trends

7. Market Drivers and Success Factors

8. SWOT Analysis

9. Structure of the Market

10. Value Chain Analysis

11. Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

About Us:

IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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