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.

The major players operating in the India Semiconductor market are Broadcom India Pvt. Ltd., Chiplogic India Pvt. Ltd., Tata Elxsi, Continental Device India Ltd, MosChip Technologies Limited, NXP Semiconductors, Semiconductor Laboratory, eInfoChips, Inc., Saankhya Labs, Semiconductor Solutions, ASM Technologies, ST Microelectronics India, Infineon Technologies India Pvt. Ltd, Masamb Electronics Systems, and others. 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.

Years considered for this report:

Historical Years: FY2017-FY2020

Base Year: FY2021

Estimated Year: FY2022E

Forecast Period: FY2023F–FY2027F

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.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across India. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of India Semiconductor market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Semiconductor manufacturing companies
  • Market research and consulting firms
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums, and alliances related to Semiconductor market

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India Semiconductor market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

·         India Semiconductor Market, By Components:

    • Microprocessors
    • Sensors
    • Analog IC
    • Memory Devices
    • Optoelectronics
    • Discrete Power Devices
    • Others
  • India Semiconductor Market, By Application:
    • Networking & Communication
    • Healthcare
    • Automotive
    • Consumer Electronics
    • Industrial
    • Smart Grid
    • Gaming
    • Others
  • India Semiconductor Market, By Type:
    • Intrinsic Semiconductor
    • Extrinsic Semiconductor
  • India Semiconductor Market, By Process:
    • Wafer Production
    • Wafer Fabrication
    • Doping
    • Masking
    • Etching
    • Thermal Oxidation
  • India Semiconductor Market, By Region:

o   North

o   East

o   West

o   South

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India Semiconductor 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).
India Semiconductor market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on India Semiconductor Market

4.    Executive Summary

5.    Voice of Customer

6.    India Semiconductor Market Outlook, FY2017-FY2027F

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

6.2.1.     By Components (Microprocessors, Sensors, Analog IC, Memory Devices, Optoelectronics, Discrete Power Devices & Others)

6.2.2.     By Application (Networking & Communication, Healthcare, Automotive, Consumer electronics, Industrial, Smart Grid, Gaming & Others)

6.2.3.     By Type (Intrinsic Semiconductor & Extrinsic Semiconductor)

6.2.4.     By Process (Wafer Production, Wafer Fabrication, Doping, Masking, Etching & Thermal Oxidation)

6.2.5.     By Company (FY2021)

6.2.6.     By Region (North, East, West, South)

6.3.  Product Market Map

7.    North India Semiconductor Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Components

7.2.2.     By Application

7.2.3.     By Type

7.2.4.     By Process

8.    East India Semiconductor Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Components

8.2.2.     By Application

8.2.3.     By Type

8.2.4.     By Process

9.    West India Semiconductor Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Components

9.2.2.     By Application

9.2.3.     By Type

9.2.4.     By Process

10.  South India Semiconductor Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Components

10.2.2.  By Application

10.2.3.  By Type

10.2.4.  By Process

11.  Market Dynamics

11.1.              Drivers

11.2.              Challenges

12.  Market Trends & Developments

13.  Policy & Regulatory Landscape

14.  India Economic Profile

15.  Competitive Landscape

15.1.              Competition Outlook

15.2.              Company Profiles (Leading Companies)

15.2.1.  Broadcom India Pvt. Ltd.

15.2.2.  Chiplogic India Pvt. Ltd.

15.2.3.  Tata Elxsi

15.2.4.  Continental Device India Ltd

15.2.5.  MosChip Technologies Limited

15.2.6.  NXP Semiconductors

15.2.7.  Semiconductor Laboratory

15.2.8.  eInfoChips, Inc.

15.2.9.  Saankhya Labs Semiconductor Solutions

15.2.10. ASM Technologies

15.2.11. ST Microelectronics India

15.2.12. Infineon Technologies India Pvt. Ltd

15.2.13. Masamb Electronics Systems

16.  Strategic Recommendations

17. About Us & Disclaimer