India Semiconductor Market Size, Trends, Share, Growth Industry Outlook and Analysis Report 2025-2033

As indicated in the latest market research report published by IMARC Group, titled " India Semiconductor Market Size, Share, Trends and Forecast by Components, Material Used, End User, and Region, 2025-2033," this report provides an in-depth analysis of the industry, featuring insights into the market. It encompasses competitor and regional analyses, as well as recent advancements in the market.

Market Size & Future Growth Potential:

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.

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Latest Market Trends:

India's semiconductor landscape is experiencing a remarkable transformation driven by widespread digital adoption and infrastructure modernization. The country achieved nationwide 5G coverage across 779 districts by October 2024, commissioning more than 460,000 base stations that incorporate RF front-end modules, GaN power amplifiers, and beam-forming ASICs. This massive infrastructure rollout has created unprecedented demand for advanced semiconductor components across telecommunications networks.

The consumer electronics sector continues to lead market consumption, with smartphones, tablets, and wearables driving significant demand for memory devices and logic circuits. Industrial automation initiatives are accelerating the adoption of sensors and microcontroller units across manufacturing facilities, while the automotive sector's rapid electrification is creating substantial opportunities for power semiconductors and battery management systems. Data center expansion and cloud computing growth are fueling demand for high-performance processors and memory solutions, positioning India as a critical market for global semiconductor manufacturers.

Market Scope and Growth Factors:

India's semiconductor market expansion is fundamentally anchored by robust government support through strategic policy frameworks and substantial financial incentives. The Production Linked Incentive (PLI) scheme represents one of the most comprehensive semiconductor support programs globally, offering fiscal incentives worth thousands of crores to attract major international manufacturers. This policy framework is complemented by the India Semiconductor Mission, which provides end-to-end support for establishing manufacturing facilities across the semiconductor value chain.

The market is projected to grow from Rs. 4,50,164 crore (US$ 52 billion) in 2024 to Rs. 8,95,134 crore (US$ 103.4 billion) by 2030, driven by mobile handsets, IT, and industrial applications. The automotive industry's shift toward electric vehicles and advanced driver assistance systems is creating substantial demand for specialized semiconductor components. Healthcare digitization, accelerated by telemedicine adoption and digital health initiatives, is contributing to market growth through increased demand for medical electronics and IoT-enabled healthcare devices. India's position as a global IT services hub and its expanding digital economy provide a strong foundation for sustained semiconductor demand across multiple application segments.

Comprehensive Market Report Highlights & Segmentation Analysis:

Segmentation by Components:

• Memory Devices
• Logic Devices
• Analog IC
• MPU
• MCU
• Discrete Power Devices
• Sensors
• Others

Segmentation by Material Used:

• Silicon Carbide
• Gallium Manganese Arsenide
• Copper Indium Gallium Selenide
• Molybdenum Disulfide
• Others

Segmentation by End User:

• Automotive
• Industrial
• Data Centre
• Telecommunication
• Consumer Electronics
• Aerospace and Defense
• Healthcare • Others
Segmentation by Region:
• South India
• West and Central India
• North India
• East India

Competitor Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

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Recent News and Developments:

• Major Manufacturing Milestones: Micron Technology's assembly and packaging facility in Gujarat commenced production of packaged chips by December 2024, with the second phase planned for the latter half of the decade, marking India's entry into advanced semiconductor assembly operations

• Government Investment Approvals: Tata is establishing a chip assembly and testing unit in Assam with an investment of INR 27,000 crore, while CG Power and Japan's Renesas are developing a semiconductor plant in Gujarat's Sanand with an estimated cost of INR 7,600 crore

• Market Growth Projections: India's semiconductor consumption market is projected to reach $52 billion in 2024-25 and grow at a compound annual growth rate of 13% through to 2030, with sectors such as automotive and industrial electronics presenting considerable opportunities

• Infrastructure Development: BharatNet fiber backhaul network has reached 4 million km, supporting both consumer and enterprise semiconductor applications, creating a robust foundation for digital infrastructure growth

• Strategic Partnerships: HCL Technologies expanded its collaboration with Intel Foundry in February 2024 to co-develop customized silicon solutions, aiming to enhance semiconductor services for manufacturers, OEMs, and cloud providers

• Industry Collaboration: The India Semiconductor Mission signed Foundry Services Agreements with Tata Electronics Private Limited and CG Power & Industrial Solutions Ltd., demonstrating strong public-private partnership momentum

• Technology Innovation: Significant investments are being made in creating energy-efficient semiconductor solutions to support sustainable growth across industries, positioning India at the forefront of green technology development

Key highlights of the Report:

• Historical Market Performance
• Future Market Projections
• Impact of COVID-19 on Market Dynamics
• Market Dynamics and Growth Drivers
• Market Ecosystem and Value Creation Framework
• Industry Competitive Analysis (Porter's Five Forces)
• SWOT Analysis (Strengths, Weaknesses, Opportunities, Threats)
• Competitive Positioning and Benchmarking Strategies
Major Advantages of the Report:
• This report provides market leaders and new entrants with accurate revenue estimates for the overall market and its key subsegments.
• Stakeholders can leverage this report to gain a deeper understanding of the competitive landscape, enabling them to strategically position their businesses and develop effective go-to-market strategies.
• The report provides stakeholders with valuable insights into the market dynamics, offering a comprehensive analysis of key drivers, restraints, challenges, and opportunities.

Why Choose IMARC Group:

• Extensive Industry Expertise
• Robust Research Methodology
• Insightful Data-Driven Analysis
• Precise Forecasting Capabilities
• Established Track Record of Success
• Reach with an Extensive Network
• Tailored Solutions to Meet Client Needs
• Commitment to Strong Client Relationships and Focus
• Timely Project Delivery

Note: Should you require specific information not included in the current report, we are pleased to offer customization options to meet your needs.

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This release was published on openPR.