India Integrated Circuits Market was valued at USD14425.91
million in FY2022 and is anticipated to project robust growth in the forecast
period with a CAGR of 12.36% until FY2028. The increasing electrification of
cars fuels the demand for integrated circuits. Besides, the growing
implementation of technology in vehicle connectivity solutions is likely to
boost the growth of the market in the upcoming years. The increasing demand for
integrated circuits will eventually result in a decline in the prices of ICs,
thereby fueling the growth of the market. Additionally, the advent of IoT in
the automotive sector further supports the market's growth.
An
integrated circuit (IC) is a small chip made of semiconductor material that
houses an entire circuit. Compared to standard circuits, which are made up of
independent circuit components, it is very small. The monolithic integrated
circuit is the most common type of IC. It is made up of thousands and hundreds
of electrical components such as resistors, capacitors, and transistors. An
integrated circuit (IC) serves as an oscillator, amplifier, microprocessor,
timer, or computer memory. Furthermore, Analog Design, Digital Design, and
Mixed Design are some of the logic techniques and circuit designs that are used
to design an integrated circuit.
The
Emergence of Internet of Things (IoT) in
Integrated Circuits
The
emergence of IoT is the most recent trend that is gaining traction in the
market. Companies are heavily investing in connected cars, which feature IoT
and offer significant potential for growth and market expansion. Moreover, the
rise in adoption of sensors and real-time tracking is contributing to the
growth of the India Integrated Circuit Market. Furthermore, the increase in the
application of IoT propels the growth of the transportation security technology
market, which in turn supplements the growth of the India Integrated Circuits
Market.
Rapid Electrification of Automobile
Rapid
electrification of automobiles is one of the major factors driving the growth
of the India Integrated Circuit Market. The decline in the price of ICs, an
increase in demand for electronics in vehicles, and a rise in demand for
powertrain systems that require sensors, microcontrollers, and analog
converters are factors that have led to the growth of the Integrated Circuits
Market. Furthermore, automotive ICs are used in driver assistance systems because
these systems help cars and drivers stay safe on the road while also serving as
essential building blocks for semiautonomous and autonomous vehicles. This
feature is anticipated to offer a lucrative opportunity for the India
Integrated Circuit market.
Rising Proliferation of Smartphones, Feature Phones, and Tablets
Memory
integrated circuits are used in mobile phone circuits to store the phone's
operating system as well as customizable features such as the phone directory.
They enable the functions of amplifiers, oscillators, time-counter computer
memory, microprocessors, and other devices. Because of ongoing developments in
the smartphone industry, the Integrated Circuits Market is expected to grow
rapidly. Over the forecast period, intense competition among mobile
manufacturers is expected to drive the market's growth even further. Samsung's
most recent offering includes a solution that enables phones to have one
terabyte of storage on a single flash memory chip. This chip is expected to
provide the next generation of mobile devices with a notebook-like user
experience.
Augment
Growth in the Healthcare Sector
The
increasing need to provide secure access to emergency medical information, by
supporting new processes for portable medical records and providing the
platform to implement other applications, in line with the requirements of
healthcare organizations, are creating scope for memory ICs in the healthcare
sector, thus driving the growth of the India Integrated Circuits Market. Memory
ICs are mainly used to maintain the records of patients in medical equipment,
such as electrocardiographs, medical PCs, blood analysis devices, and other
electronic medical recording systems. The increasing technological advancements
in the healthcare sector to achieve the highest reliability and quality in
processes further stimulate market growth.
Growing
Demand for Advanced Consumer Electronics Products
Consumer
electronics such as Blu-ray players, tablets, smartphones, and LCD TVs have
been in high demand recently. The demand for wearable fitness trackers and
smart watches, thermostats, smart smoke and CO2 detectors, IP/Wi-Fi cameras,
smart locks, dimmers, smart switches and other products is expected to grow at
a rapid pace during the forecast period. Furthermore, many devices have sensors
that interface with the outside world, necessitating analog processing for
analog to digital conversion. These functions are combined with digital for a
more cost-effective, power-efficient, and dependable solution. Moreover, memory
ICs are widely used in consumer electronics such as mobile phones &
appliances. The major application sectors of the memory devices include
smartphones, tablets, and car infotainment systems. The use of these products
is constantly increasing because the demand for high-quality pictures from
people around the world has been continuously increasing over time. As a result, these factors are expected to
drive growth in the India Integrated Circuits Market over the forecast period.
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Market Segmentation
The India Integrated
Circuits Market is
segmented based on Product Type, Application Type, Region and by Company. Based
on Product Type, the market is further fragmented into Memory, Logic, Micro, Analog.
Based on Application Type the market is segmented into Data Processing, Communication,
Industrial Electronics, Automotive, Consumer Electronics. The market analysis also
studies the regional segmentation divided among South India, West India, North
India, and East India. The South India Integrated Circuits Market stood at
USD5847.36 million in the year FY2022 and is projected to grow at a CAGR of 11.90%
during the forecast period. While the North India Integrated Circuits
Market stood at USD3529.41 million in the year FY2022 and is projected to grow
at a CAGR of 12.88% during the forecast period.
Company Profiles
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., are
among the major market players in the India Integrated Circuits Market.
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Attribute
|
Details
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Market
size value in FY2022
|
USD14425.91
million
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Revenue
Forecast in FY2028F
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USD28778.00 million
|
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Growth
Rate
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12.36%
|
|
Base
Year
|
FY2022
|
|
Historical
Years
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FY2018 –
FY2021
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|
Estimated
Year
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FY2023
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Forecast
Period
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FY2024
– FY2028
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Quantitative
Units
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Revenue in
USD Million, and CAGR for FY2018-FY2022 and FY2023E-FY2028F
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|
Report
Coverage
|
·
Revenue forecast, company share, competitive landscape, growth
factors, and trends
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|
Segments
Covered
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·
Product type
·
Application type
·
Region
|
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Regional
Scope
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South
India, West India, North India, and East India
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|
Key
Companies Profiled
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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.
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|
Customization
Scope
|
10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing
and Purchase Options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
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Delivery
Format
|
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/pdf
format on special request)
|
Report Scope:
In this report, India Integrated
Circuits Market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- India Integrated
Circuit Market, By Product Type:
- Memory
- Logic
- Micro
- Analog
- India Integrated
Circuit Market, By Application Type:
- Data Processing
- Communication
- Industrial Electronics
- Automotive
- Consumer Electronics
·
India Integrated Circuit
Market,
By Region:
- South India
- West India
- North India
- East India
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in India Integrated Circuit Market
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).