Networking & Communication Segment to Dominate the India Semiconductor Market through FY2027F
Roll-out of 5G technology and development of
consumer electronics industry is expected to drive the demand for India Semiconductor
market in the forecast period.
According to TechSci Research report, “India Semiconductor Market By Components (Microprocessors, Sensors, Analog IC,
Memory Devices, Optoelectronics, Discrete Power Devices & Others), By
Application (Networking & Communication, Healthcare, Automotive, Consumer Electronics,
Industrial, Smart Grid, Gaming & Others), By Type (Intrinsic Semiconductor
& Extrinsic Semiconductor), By Process (Wafer Production, Wafer
Fabrication, Doping, Masking, Etching & Thermal Oxidation), By Region, Competition
Forecast & Opportunities, FY2027”, the India Semiconductor market is
expected to witness steady growth in the forecast period, FY2023-FY2027F. To
boost the growth of the electronics industry, leading authorities are
supporting the set-up of semiconductor wafer fabrication plants which in turn
is expected to spur the semiconductor market growth. A semiconductor wafer
fabrication plant is a factory where devices such as integrated circuits and
discrete electronic devices including transistors and diodes are manufactured.
The growth of the electronics industry and the huge demand for data center
facilities for storing information generated through various sources is influencing
the growth of the semiconductor market in India. The schemes promoting the
development of smart cities which use emerging technologies to provide an
enhanced experience to consumers by providing insights by constant monitoring
and analysis are expected to pave the way for the semiconductor market growth.
The growing demand from the automotive industry due to the use of automation
technology in automobiles to increase comfort, ease, and provide security to customers
is expected to fuel the market growth. Automotive market players are integrating
semiconductors in their vehicles to provide the required insights related to
vehicle such as navigation control, infotainment systems, and collision
detection systems. The growing digital transformation in the country to
increase transparency and speed up the process in all important industry
verticals is expected to increase the demand for the semiconductor market in
the next five years.
The COVID-19 outbreak across the world, which has been
declared as a pandemic by the World Health Organization has affected several
countries adversely including India. Leading authorities of India imposed
lockdown restrictions and released a set of precautionary measures to contain
the spread of novel coronavirus. Manufacturing units were temporarily shut down
and the workers moved back to their native places which led to the shortage of
workforce at the manufacturing units. The disruption in the supply chain was
observed in this period owing to the restrictions imposed on the import and
export activities. Thereby, COVID-19 negatively impacted the growth of the
semiconductor market in India during this period.
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India
Semiconductor market is segmented into components, application, type, process,
regional distribution, and company. Based on the components, the market can be
divided into microprocessors, sensors, analog IC, memory devices,
optoelectronics, discrete power devices & others. The memory devices
segment is expected to account for a major market share in the forecast period.
High demand from end-user industries and the ongoing advancements in technology
such as cloud computing and virtual reality is expected to influence the market
growth. The high cost of NAND flash chips and DRAM is further expected to fuel
the market growth.
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 are the leading players operating in India semiconductor
market. Manufacturers are increasingly focusing on research and development
process to fuel higher growth in the market. To meet evolving customer demand
with respect to better efficiency and durability, several semiconductor
manufacturers are coming up with their technologically advanced offerings.
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“The
market players are making huge investments for the miniaturization of the
semiconductor chips with increased processing speed, and which can process
large data in less amount of time. Growing adoption of advanced technologies
such as artificial intelligence, the internet of things, machine learning in
the next generation of interconnected devices by the market players to enhance
the consumer experience and increase the demand for intelligence computing is
expected to create lucrative opportunities for the India semiconductor market
growth in the forecast period.”, said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“India
Semiconductor Market By Components (Microprocessors, Sensors, Analog IC, Memory
Devices, Optoelectronics, Discrete Power Devices & Others), By Application
(Networking & Communication, Healthcare, Automotive, Consumer Electronics,
Industrial, Smart Grid, Gaming & Others), By Type (Intrinsic Semiconductor
& Extrinsic Semiconductor), By Process (Wafer Production, Wafer Fabrication,
Doping, Masking, Etching & Thermal Oxidation), By Region, Competition
Forecast & Opportunities, FY2027” has evaluated
the future growth potential of India Semiconductor market and provided
statistics & information on market size, shares, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers, challenges,
and opportunities in the India semiconductor market.
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