India Semiconductor market is expected to grow at a significant CAGR during the forecast period, FY2023-FY2027F.
High internet penetration and proliferation of smart devices are contributing to the semiconductor market growth. The electronics system design manufacturing market is the fastest growing industry in India.
The presence of the number of design bases in India and the rise in the number of skilled professionals and engineers are expected to foster the growth of the semiconductors market. The rise in the disposable income of consumers is increasing their expenditure capacity to afford electronic devices, which in turn is influencing the market growth.
Favorable government policies such as Make in India, Production Linked Incentive Scheme (PLI), Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), Modified Electronics Manufacturing Clusters Scheme (EMC 2.0), amongst others aims to boost the domestic manufacturing and provide incentives to the manufacturing companies.
This is expected to fuel the semiconductor market growth. The huge demand for semiconductors from end-user industries comprising of industrial machinery, automobiles, telecommunication equipment, office automation, consumer electronics, information technology, among others for computing purposes is expected to accelerate the growth of the semiconductor market in the next five years.
India Semiconductor market is segmented into components, application, type, process, regional distribution, and company. Based on the application, the market can be divided into networking & communication, healthcare, automotive, consumer electronics, industrial, smart grid, gaming & others.
The networking & communication segment is expected to account for major market share in the forecast period, FY2023-FY2027. The surge in the demand for smartphones and devices and the development of the telecommunication industry are expected to drive the growth of the segment in the next five years.
Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Objective of the Study:
To analyze the historical growth in the market size of India Semiconductor market from FY2017 to FY2021.
To estimate and forecast the market size of India Semiconductor market from FY2022E to FY2027F and growth rate until FY2027F.
To classify and forecast India Semiconductor market based on components, application, type, process, regional distribution, and company.
To identify dominant region or segment in the India Semiconductor market.
To identify drivers and challenges for India Semiconductor market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India Semiconductor market.
To identify and analyze the profile of leading players operating in India Semiconductor market.
To identify key sustainable strategies adopted by market players in India Semiconductor market.
The major players operating in the India Semiconductor market are
Broadcom India Pvt. Ltd.
Chiplogic India Pvt. Ltd.
Continental Device India Ltd
MosChip Technologies Limited
Saankhya Labs Semiconductor Solutions
ST Microelectronics India
Infineon Technologies India Pvt. Ltd
Masamb Electronics Systems
Years considered for this report:
Historical Years: FY2017-FY2020
Base Year: FY2021
Estimated Year: FY2022E
Forecast Period: FY2023F-FY2027F
India Semiconductor Market, By Components
Discrete Power Devices
India Semiconductor Market, By Application
Networking & Communication
India Semiconductor Market, By Type
India Semiconductor Market, By Process
India Semiconductor Market, By Region
For more information about this report visit https://www.researchandmarkets.com/r/w3vwwp
View source version on businesswire.com: https://www.businesswire.com/news/home/20211026005783/en/
Laura Wood, Senior Press Manager
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900