Semiconductors - India

  • India
  • The Semiconductors market in India is expected to witness a significant growth in the coming years.
  • According to projections, the revenue in this market is set to reach a staggering €8.06bn by the year 2025.
  • Among the various segments in the industry, Integrated Circuits emerges as the dominant force, with a projected market volume of €4.12bn in 2025.
  • This indicates the strong demand and widespread usage of integrated circuits in various electronic devices.
  • Furthermore, the revenue in the Semiconductors market is anticipated to exhibit a steady annual growth rate of 10.74% from 2025 to 2029 (CAGR 2025-2029).
  • As a result, the market volume is projected to expand to €12.12bn by the year 2029.
  • This growth trajectory highlights the immense potential and opportunities present in the Indian Semiconductors market.
  • In a global context, it is noteworthy that China is expected to generate the highest revenue in the Semiconductors market, with an estimated value of €185.90bn in 2025.
  • This indicates the dominant position of China in the global semiconductor industry and its strong manufacturing capabilities.
  • India's growing semiconductor market is fueled by the country's strong IT industry and increasing demand for electronics.
 
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Analyst Opinion

The Semiconductors market in India has experienced significant growth in recent years, driven by customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences:
Indian consumers have shown a growing preference for electronic devices, such as smartphones, laptops, and tablets, which has fueled the demand for semiconductors. The increasing adoption of digital technologies, coupled with rising disposable incomes, has led to a surge in the sale of consumer electronics in the country. Additionally, the government's push for digitalization and the growing popularity of e-commerce platforms have further boosted the demand for semiconductors.

Trends in the market:
One of the key trends in the Indian semiconductor market is the shift towards advanced technologies, such as 5G, artificial intelligence (AI), and Internet of Things (IoT). With the rollout of 5G networks in the country, there is a growing need for high-performance semiconductors to support the increased data speeds and connectivity. Furthermore, the increasing adoption of AI and IoT across various industries has created a demand for specialized semiconductors that can handle complex computational tasks and enable seamless connectivity.

Local special circumstances:
India has a rapidly growing middle class population, which is driving the demand for consumer electronics and other high-tech products. The government's "Make in India" initiative, aimed at promoting domestic manufacturing, has also played a significant role in the growth of the semiconductor market. The government has introduced various incentives and policies to attract foreign investments in the semiconductor sector, leading to the establishment of semiconductor manufacturing facilities in the country.

Underlying macroeconomic factors:
India's strong economic growth and favorable demographic profile have contributed to the development of the semiconductor market. The country's young population, increasing urbanization, and rising disposable incomes have created a conducive environment for the adoption of digital technologies and consumer electronics. Additionally, the government's focus on infrastructure development, including the expansion of broadband connectivity and the establishment of smart cities, has further fueled the demand for semiconductors. In conclusion, the Semiconductors market in India has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The increasing adoption of digital technologies, the shift towards advanced technologies, the government's push for domestic manufacturing, and India's strong economic growth have all contributed to the development of the semiconductor market in the country.

Methodology

Data coverage:

The data encompasses B2B, B2G, and B2C enterprises. Figures are based on the money spent at the manufacturer price level (excluding VAT).

Modeling approach / Market size:

Market sizes are determined through a top-down approach with a bottom-up validation, building on a specific rationale for each market. As a basis for evaluating markets, we use the annual financial reports of the market-leading companies and reports from our primary research. In addition, we use relevant key market indicators and data from country-specific associations. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. The main drivers are the GDP and the level of digitization.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change.

Vue d’ensemble

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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