How big is the India Semiconductor Market?

The India Semiconductor Market size is expected to reach USD 39.5 billion in 2024 and grow at a CAGR of 16% to reach USD 82.96 billion by 2029. Read More

What is the current India Semiconductor Market size?

In 2024, the India Semiconductor Market size is expected to reach USD 39.5 billion. Read More

Who are the key players in India Semiconductor Market?

Tata Group, Bharat Electronics Limited, Moschip Semiconductor Technologies, Vedanta Semiconductors Private Limited (VSPL) and HCL Technologies are the major companies operating in the India Semiconductor Market. Read More

What years does this India Semiconductor Market cover, and what was the market size in 2023?

In 2023, the India Semiconductor Market size was estimated at USD 33.18 billion. The report covers the India Semiconductor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the India Semiconductor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

India Semiconductor Market Size & Share Analysis - Industry Research Report

India Semiconductor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The India Semiconductor Market Report is Segmented by Semiconductor Device Type (Discrete Semiconductor, Optoelectronics, Sensors and Actuators, Integrated Circuits (Analog, Micro, Logic, and Memory)), by End-User Industry (Computer, Communication (Wireline and Wireless), Automotive, Consumer, and Other End-User Industries). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

India Semiconductor Industry Overview

The Indian semiconductor market is fragmented with the presence of several players like Tata Group, HCL Technologies, Bharat Electronics Limited, MosChip Technologies, and various other global players such as AMD, Foxconn, and NXP Semiconductors. The companies aim to continuously invest in strategic partnerships and product developments to gain substantial market share.

May 2024: Lam Research announced its expansion of the global semiconductor fabrication equipment supply chain to India. The Ministry of Electronics and IT's efforts to develop a downstream ecosystem have been instrumental in this decision. Lam Research is evaluating capabilities in different supply chain segments and has expressed its interest in collaborating with India-based suppliers to meet the demand for precision components and other necessary supplies.
March 2024: Tata Group announced that it was aiming to commence commercial production from India's first semiconductor fabrication unit by 2026, with the goal of achieving self-reliance in chips that are essential for powering a wide range of technologies, from smartphones to defense systems. The plant, owned by Tata Electronics Pvt. Ltd, located in Assam, will initially focus on producing semiconductor chips starting at 28 nm. It is anticipated that production at the plant will begin by late 2025 or early 2026, catering to various sectors, such as automotive, power, electronics, consumer goods, and medical devices.