Market was valued at USD 34,426.91 million in 2023 and is anticipated to
project robust growth in the forecast period with a CAGR of 24.32%. The market
is robust because of the increasing demand for electronic products by consumers
in their day-to-day life and is further driven by government initiatives to promote
electronic manufacturing. These factors are driving the growth of the India
Semiconductor Market in the forecast period.
are materials with conductivities intermediate between conductors and
nonconductors or insulators. Semiconductors are made of pure elements like
silicon or germanium as well as compounds such as gallium arsenide or
cadmium selenide. Small amounts of impurities are added to pure semiconductors
in a process known as doping, causing large changes in the material's conductivity.
Additionally, numerous items, such as computers, cellphones, appliances, gaming
equipment, and medical devices, employ semiconductors.
The Rise of
Artificial Intelligence, Machine Learning and IoT
bomb detectors to smart glasses is made with the help of semiconductor
technology. The demand for semiconductors is projected to be driven by the
ongoing efforts of semiconductor chip manufacturers to fulfil the demands of
IoT and AI. The Internet of Things is the next generation of computing devices
embedded in everyday objects that can send and receive data, including wearable
devices, smart home devices, and factory equipment." AI and machine learning aid semiconductor
companies in enhancing accuracy using metrology readings and tool-sensor data
which allows machine learning. Therefore, with the rise of Artificial
Intelligence, Machine Learning, and IoT, there is an increase in the semiconductor