India Integrated Circuits Market to Grow with a CAGR of 12.36% Till 2028

Growing penetration of electronics, along with a surge in demand for automobiles in the country to influence the India Integrated Circuits Market through FY2028F.

According to TechSci Research report, “India Integrated Circuits Market –Industry Size, Share, Trends, Competition, Opportunity, and Forecast, FY2018-FY2028F” The trend for 5G connectivity, advanced driver assistance systems (ADAS) in automotive vehicles, cloud computing, and IoT-based devices are anticipated to drive the growth of the India Integrated Circuits Market at an impressive CAGR of 12.36% in the forecast period.

The market's growth is stimulated by various factors, such as rising penetration of the Internet of things and electronic devices such as mobiles, laptops, and computers, leading to increased demand for integrated circuit chips.

The extensive research & development operations such as advanced driver assistance systems undertaken by major players of automotive vehicles has augmented the demand for the products. Additionally, increasing opportunities for IOT based devices have amplified the requirements of analog ICs and digital ICs, and microcontroller sensors in automated equipment and IOT devices. For instance, continuous efforts to introduce developed and advanced automotive infotainment installations such as modern entertainment and information setup or precise GPS tracking and navigation, will propel the demand and subsequent sales of automotive microcontrollers (MCU). Furthermore, electric vehicles have registered heavy increases in their sales due to high volatility in fuel prices and also subsidies offered by numerous governments to boost EV sales. The manufacturing of electric vehicles is an important factor which is anticipated to provide new growth horizons for the market.

Moreover, industry participants are expected to tap markets across emerging economies following the trend for smartphones. IC manufacturers seek opportunities and could infuse funds into the landscape. The Integrated Circuits Market share will observe an upward growth trajectory due to the sales of semiconductors. Furthermore, the soaring footprint of 5G services is likely to aid industry growth.

Browse over 20 market data Figures spread through 70 Pages and an in-depth TOC on "India Integrated Circuit Market"

The India Integrated Circuits Market is segmented based on Product type, Application type, region and company. On the basis of Product type, the market is segregated into Memory, Logic, Micro, Analog. Out of these, the Memory segment registered a market share of more than 43.47% in FY2022, which has dominated the market because memory ICs can store, retrieve, and refresh data at a faster rate. The Application type segment is divided into Data Processing, Communication, Industrial Electronics, Automotive, Consumer Electronics. Furthermore, in terms of region, the India Integrated Circuits Market comprises of South, West, North, and East regions.

Key market players in the India Integrated Circuits Market include:

  • Samsung India Electronics Pvt. Ltd
  • Intel Technology India Pvt. Ltd. (India)
  • Qualcomm India Private Limited (India)
  • Taiwan Semiconductor Manufacturing Co.
  • Texas Instruments India Pvt. Ltd. (India)
  • Toshiba Electronic Devices & Storage Corporation
  • AMI Semiconductor
  • ASM Technologies
  • Micron Technology inc.
  • Broadcom Inc.

Major players are likely to bolster their footfall as end-users continue to exhibit traction for smart connectivity and IoT integrated operation. The India Integrated Circuits Market growth will be noticeable with the growing footprint of laptops, smart desktops, and tablets. Industry participants are likely to emphasize the production of sophisticated and state-of-the-art integrated circuit devices.

On the basis of region, the market is divided into South, West, North & East. The South region is the major contributor to the growth of the India Integrated Circuits Market and has contributed to the largest market share of more than 40.53% in the year FY2022.

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“The increased use of next-generation mobile networks like 4G and 5G necessitates the installation of new infrastructure. Radio frequency integrated circuits, system on chips, application specific integrated circuits, cellular integrated circuits, and millimeter-wave integrated circuits are commonly used in the development of 5G infrastructure, resulting in a high demand for integrated circuits.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

India Integrated Circuits Market By Product Type (Memory, Logic, Micro, Analog), By Application Type (Data Processing, Communication, Industrial Electronics, Automotive, Consumer Electronics), By Region, Competition Forecast & Opportunities, FY2018-FY2028F, has evaluated the future growth potential of Integrated Circuits Market in India and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India Integrated Circuit market.


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