Roll-out of 5G technology and development of consumer electronics industry is expected to drive the demand for India Semiconductor market in the forecast period.
According to TechSci Research report, “India Semiconductor Market By Components (Microprocessors, Sensors, Analog IC, Memory Devices, Optoelectronics, Discrete Power Devices & Others), By Application (Networking & Communication, Healthcare, Automotive, Consumer Electronics, Industrial, Smart Grid, Gaming & Others), By Type (Intrinsic Semiconductor & Extrinsic Semiconductor), By Process (Wafer Production, Wafer Fabrication, Doping, Masking, Etching & Thermal Oxidation), By Region, Competition Forecast & Opportunities, FY2027”, the India Semiconductor market is expected to witness steady growth in the forecast period, FY2023-FY2027F. To boost the growth of the electronics industry, leading authorities are supporting the set-up of semiconductor wafer fabrication plants which in turn is expected to spur the semiconductor market growth. A semiconductor wafer fabrication plant is a factory where devices such as integrated circuits and discrete electronic devices including transistors and diodes are manufactured. The growth of the electronics industry and the huge demand for data center facilities for storing information generated through various sources is influencing the growth of the semiconductor market in India. The schemes promoting the development of smart cities which use emerging technologies to provide an enhanced experience to consumers by providing insights by constant monitoring and analysis are expected to pave the way for the semiconductor market growth. The growing demand from the automotive industry due to the use of automation technology in automobiles to increase comfort, ease, and provide security to customers is expected to fuel the market growth. Automotive market players are integrating semiconductors in their vehicles to provide the required insights related to vehicle such as navigation control, infotainment systems, and collision detection systems. The growing digital transformation in the country to increase transparency and speed up the process in all important industry verticals is expected to increase the demand for the semiconductor market in the next five years.
The COVID-19 outbreak across the world, which has been declared as a pandemic by the World Health Organization has affected several countries adversely including India. Leading authorities of India imposed lockdown restrictions and released a set of precautionary measures to contain the spread of novel coronavirus. Manufacturing units were temporarily shut down and the workers moved back to their native places which led to the shortage of workforce at the manufacturing units. The disruption in the supply chain was observed in this period owing to the restrictions imposed on the import and export activities. Thereby, COVID-19 negatively impacted the growth of the semiconductor market in India during this period.
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India Semiconductor market is segmented into components, application, type, process, regional distribution, and company. Based on the components, the market can be divided into microprocessors, sensors, analog IC, memory devices, optoelectronics, discrete power devices & others. The memory devices segment is expected to account for a major market share in the forecast period. High demand from end-user industries and the ongoing advancements in technology such as cloud computing and virtual reality is expected to influence the market growth. The high cost of NAND flash chips and DRAM is further expected to fuel the market growth.
Broadcom India Pvt. Ltd., Chiplogic India Pvt. Ltd., Tata Elxsi, Continental Device India Ltd, MosChip Technologies Limited, NXP Semiconductors, Semiconductor Laboratory, eInfoChips, Inc., Saankhya Labs, Semiconductor Solutions, ASM Technologies, ST Microelectronics India, Infineon Technologies India Pvt. Ltd, Masamb Electronics Systems are the leading players operating in India semiconductor market. Manufacturers are increasingly focusing on research and development process to fuel higher growth in the market. To meet evolving customer demand with respect to better efficiency and durability, several semiconductor manufacturers are coming up with their technologically advanced offerings.
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“The market players are making huge investments for the miniaturization of the semiconductor chips with increased processing speed, and which can process large data in less amount of time. Growing adoption of advanced technologies such as artificial intelligence, the internet of things, machine learning in the next generation of interconnected devices by the market players to enhance the consumer experience and increase the demand for intelligence computing is expected to create lucrative opportunities for the India semiconductor market growth in the forecast period.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“India Semiconductor Market By Components (Microprocessors, Sensors, Analog IC, Memory Devices, Optoelectronics, Discrete Power Devices & Others), By Application (Networking & Communication, Healthcare, Automotive, Consumer Electronics, Industrial, Smart Grid, Gaming & Others), By Type (Intrinsic Semiconductor & Extrinsic Semiconductor), By Process (Wafer Production, Wafer Fabrication, Doping, Masking, Etching & Thermal Oxidation), By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of India Semiconductor market and provided statistics & information on market size, shares, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the India semiconductor market.
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