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-FY2028

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.

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).