India Semiconductor Manufacturing Market size was valued at US$ 27.8 billion in 2024 and is projected to reach US$ 52.23 billion by 2030, at a CAGR of 11.1%.
Semiconductor manufacturing involves the production of integrated circuits and electronic components using complex fabrication processes and specialized equipment.
The Indian market is experiencing rapid growth, driven by government initiatives and increasing domestic demand. In 2023, production capacity reached 150,000 wafer starts per month, with memory devices accounting for 35% of production. Logic devices growing at 13% annually. 28nm and above nodes represent 80% of production.
This report contains market size and forecasts of Semiconductor Manufacturing in India, including the following market information:
• India Semiconductor Manufacturing Market Revenue, 2019-2024, 2024-2030, ($ millions)
• India Semiconductor Manufacturing Market Sales, 2019-2024, 2024-2030,
• India Top five Semiconductor Manufacturing companies in 2023 (%)
Report Includes
This report presents an overview of India market for Semiconductor Manufacturing , sales, revenue and price. Analyses of the India market trends, with historic market revenue/sales data for 2019 – 2023, estimates for 2024, and projections of CAGR through 2030.
This report focuses on the Semiconductor Manufacturing sales, revenue, market share and industry ranking of main manufacturers, data from 2019 to 2024. Identification of the major stakeholders in the India Semiconductor Manufacturing market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues.
This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.
This report analyzes the segments data by Type, and by Sales Channels, sales, revenue, and price, from 2019 to 2030. Evaluation and forecast the market size for Humidifier sales, projected growth trends, production technology, sales channels and end-user industry.
Segment by Type
• Chips
• Microprocessors
• Memories
• Analog Devices
• Discrete
• Others
Segment by Applications
• Data Processing Devices
• Communication Devices
• Consumer Electronics
• Industrial Controls
• Automobile Industry
• Military and Civil Space
Key Companies covered in this report:
• Bharat Electronics Limited
• Semiconductor Laboratory
• Centum Electronics
• MosChip Technologies
• SPEL Semiconductor Limited
• Hindustan Semiconductor Manufacturing Corporation
• Fabindia
• Tata Electronics
• SITAR – Semi Conductor Laboratory
• Moser Baer Semiconductor
Including or excluding key companies relevant to your analysis.
Competitor Analysis
The report also provides analysis of leading market participants including:
• Key companies Semiconductor Manufacturing revenues in Indian market, 2019-2024 (Estimated), ($ millions)
• Key companies Semiconductor Manufacturing revenues share in Indian market, 2023 (%)
• Key companies Semiconductor Manufacturing sales in Indian market, 2019-2024 (Estimated),
• Key companies Semiconductor Manufacturing sales share in Indian market, 2023 (%)
Drivers
- Government Initiatives & Support
- The Indian government has recognized the strategic importance of the semiconductor sector and has introduced several initiatives such as the Semiconductor Mission. The aim is to boost domestic semiconductor manufacturing to reduce dependency on imports and create a self-sustained supply chain.
- Production-Linked Incentive (PLI) schemes offer incentives to both domestic and international players, which encourages foreign investment and facilitates the establishment of semiconductor fabrication units (fabs) in the country.
- Growing Demand for Consumer Electronics
- The Indian consumer electronics market is growing significantly, with increasing demand for smartphones, laptops, wearables, and home appliances. This surge in demand drives the need for more semiconductors to power these devices.
- Smartphones and electronic gadgets are the biggest consumers of semiconductors, and India’s mobile phone market is one of the largest globally.
- Rise of Electric Vehicles (EVs)
- The growing adoption of electric vehicles (EVs) in India has led to an increasing demand for semiconductors, particularly for power electronics and battery management systems used in EVs.
- The government’s focus on clean energy and electric mobility further contributes to the semiconductor demand within this sector.
- Technological Advancements and R&D Investments
- Advancements in 5G technology, artificial intelligence (AI), and Internet of Things (IoT) require more powerful and efficient semiconductors. The growing need for these technologies across industries is encouraging investments in semiconductor R&D and manufacturing capabilities.
Restraints
- High Dependence on Imports
- Despite the government’s initiatives, India’s semiconductor market remains highly dependent on imports. India imports most of its semiconductor chips from countries like Taiwan, South Korea, and China. This dependency poses risks, such as supply chain disruptions and price volatility, especially in the wake of geopolitical tensions.
- High Capital Investment and Infrastructure Challenges
- Semiconductor fabrication facilities require significant investment in high-end infrastructure, including clean rooms, specialized equipment, and highly skilled labor. The capital intensity of semiconductor manufacturing remains a barrier for new players entering the market.
- Additionally, India faces challenges in providing the necessary infrastructure, including power supply, water, and land, which are crucial for establishing semiconductor fabs.
- Skilled Labor Shortage
- While India has a growing pool of engineers, there is a shortage of highly skilled labor specific to semiconductor design and fabrication. The lack of an advanced semiconductor ecosystem makes it challenging to attract talent, which impacts both research and production efforts.
- Technological Gaps
- India lacks the advanced fabrication technology required to produce cutting-edge chips like those used in high-performance computing and AI applications. The absence of top-tier fabs like those in Taiwan, South Korea, and the United States presents a significant challenge to meeting the increasing global demand for advanced semiconductors.
Opportunities
- Attracting Foreign Direct Investment (FDI)
- India presents a unique opportunity for global semiconductor companies to invest in its market, both for local manufacturing and to serve as an export hub. International companies such as Intel, TSMC, and Foxconn are already exploring investment opportunities in India, which could lead to the establishment of advanced fabs and R&D centers.
- The government’s incentives like the PLI scheme are attractive to foreign players looking to set up production in India.
- Expanding Semiconductor Design Ecosystem
- India’s strength in software engineering and IT services is a major advantage in the semiconductor design space. The country can build a robust semiconductor design ecosystem that can cater to both domestic and international needs.
- VLSI (Very Large Scale Integration) design companies are on the rise, with Indian talent working on cutting-edge semiconductor solutions for a range of industries.
- Government Push for Self-Reliance
- The government’s push for Atmanirbhar Bharat (Self-Reliant India) is fostering an environment conducive to the growth of the semiconductor sector. This initiative aims to reduce dependence on imports by establishing domestic supply chains for critical components, including semiconductors.
- Additionally, incentives for the establishment of semiconductor fabs, packaging units, and testing facilities offer growth potential for domestic players.
- Opportunities in 5G and AI
- India’s ambition to become a global hub for 5G technology and artificial intelligence (AI) presents immense opportunities for the semiconductor market. The demand for 5G chips, AI chips, and other specialized semiconductor components is expected to grow exponentially, offering immense potential for manufacturers.
Challenges
- Geopolitical Risks
- India’s reliance on semiconductor imports from countries like China and Taiwan exposes it to geopolitical risks. Trade wars, diplomatic tensions, or disruptions in the global supply chain could significantly affect the availability and pricing of critical semiconductor components.
- Global Semiconductor Shortage
- The ongoing global semiconductor shortage, exacerbated by the COVID-19 pandemic, has caused supply chain delays and price increases. As India seeks to develop its own semiconductor manufacturing capabilities, the shortage of critical raw materials like silicon wafers and rare-earth metals presents a significant challenge to local production.
- Environmental Concerns
- Semiconductor manufacturing is an energy-intensive process that requires large amounts of water and electricity. The environmental impact of setting up large-scale fabs in India could face resistance, especially in regions already facing power shortages and water scarcity.
- Sustainable and eco-friendly solutions are needed to mitigate the environmental footprint of semiconductor production.
- Competition from Established Markets
- India faces stiff competition from established semiconductor hubs like Taiwan, South Korea, and the United States. These regions have highly advanced technologies, well-established supply chains, and decades of experience, which poses a challenge for India to catch up.
Key Indicators Analysed
• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2019-2030 & Sales with a thorough analysis of the market’s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Indian Market Analysis: The report includes Indian market status and outlook 2019-2030. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
Key Benefits of This Market Research:
• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Semiconductor Manufacturing Market
• Overview of the regional outlook of the Semiconductor Manufacturing Market
Key Reasons to Buy this Report:
• Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change
• This enables you to anticipate market changes to remain ahead of your competitors
• You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations or other strategic documents
• The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support
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