India Semiconductor Market Overview: 2025-2030

Base Year: 2024

Historical Years:  2020-23

Forecast Years: 2025-2030

India Semiconductor Market size was valued at around USD 38 billion in 2024 and is projected to reach USD 105 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 18% during the forecast period, i.e., 2025-30.

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India Semiconductor Market Dynamics: 2025-2030

India Semiconductor Market Driver:

Rapid Digitization & Increase in Consumer Electronics Demand – The growth of the Indian semiconductor sector is mainly driven by the rising demand for digitization with the increased consumption of electronics products. As India’s economy has become more digitally advanced, the use of smartphones, smart home appliances, and other electronic devices has increased quickly. India currently holds the second-largest smartphone market globally with the projected one billion smartphones by 2026. Growing internet usage among the middle class and the shift towards e-services are further driving the demand for consumer electronics. In 2024 India’s internet penetration rate increased by nearly fifty percent over the previous ten years. In addition, the Indian consumer electronics market is expected to grow at a rate of 6 to 8 percent over the next five years from its estimated USD 73 billion in 2022. These devices can't function without semiconductors because semiconductors are the chips that allow the smooth functioning of several vital components of these devices. As a result, this increase in demand for semiconductors is augmenting the size & volume of the Indian semiconductor sector.

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India Semiconductor Market (2025-30): Segmentation Outlook

The market report has segmented the market into the following categories:

By Component

-Memory Devices - Market Size & Forecast 2020-2030, USD Million

-Logic Devices - Market Size & Forecast 2020-2030, USD Million

-Analog IC - Market Size & Forecast 2020-2030, USD Million

-MPU - Market Size & Forecast 2020-2030, USD Million

-Discrete Power Devices - Market Size & Forecast 2020-2030, USD Million

-MCU - Market Size & Forecast 2020-2030, USD Million

-Sensors - Market Size & Forecast 2020-2030, USD Million

-Others - Market Size & Forecast 2020-2030, USD Million

By Application

-Networking & Communications - Market Size & Forecast 2020-2030, USD Million

-Ethernet Controllers - Market Size & Forecast 2020-2030, USD Million

-Adapters & Switches - Market Size & Forecast 2020-2030, USD Million

-Routers & Others - Market Size & Forecast 2020-2030, USD Million

-Data Processing - Market Size & Forecast 2020-2030, USD Million

-Industrial - Market Size & Forecast 2020-2030, USD Million

-Power Controls and Motor Drives - Market Size & Forecast 2020-2030, USD Million

-Intelligent Systems - Market Size & Forecast 2020-2030, USD Million

-Industrial Automation & Others - Market Size & Forecast 2020-2030, USD Million

-Consumer Electronics - Market Size & Forecast 2020-2030, USD Million

-Home Appliances - Market Size & Forecast 2020-2030, USD Million

-Personal Devices - Market Size & Forecast 2020-2030, USD Million

-Other devices - Market Size & Forecast 2020-2030, USD Million

-Automotive - Market Size & Forecast 2020-2030, USD Million

-Telematics & Infotainment - Market Size & Forecast 2020-2030, USD Million

-Safety Electronics - Market Size & Forecast 2020-2030, USD Million

-Chassis- Market Size & Forecast 2020-2030, USD Million

-Powertrain - Market Size & Forecast 2020-2030, USD Million

-Body Electronics - Market Size & Forecast 2020-2030, USD Million

-Government - Market Size & Forecast 2020-2030, USD Million

Consumer electronics are the biggest segment based on application accounting for about 45% market share in the India Semiconductor Market. 

By Equipment

-Front-end Equipment - Market Size & Forecast 2020-2030, USD Million

-Back-end Equipment - Market Size & Forecast 2020-2030, USD Million

By Region

-North - Market Size & Forecast 2020-2030F, USD Million

-East - Market Size & Forecast 2020-2030F, USD Million

-West - Market Size & Forecast 2020-2030F, USD Million

-South - Market Size & Forecast 2020-2030F, USD Million

Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.

Top Companies Operating in the India Semiconductor Market:

Tata Elxsi, HCL Technologies, MosChip, Dixon Technologies, ASM Technologies Ltd., Vedanta Limited, Applied Materials, Inc., Bharat Electronics Limited, CG Power and Industrial Solution, MIC Electronics Ltd., Aura Semiconductor, and others.

Industry Recent Development:

• May 2024: Tata Electronics started exporting semiconductor chip samples from its Bengaluru R&D center to partners in Japan, the US, and Europe. This marks a significant step as the company plans further expansion in India’s semiconductor sector.
• February 2024: HCL Technologies is expanding its collaboration with Intel Foundry to co-develop customized silicon solutions, aiming to enhance semiconductor services for manufacturers, OEMs, and cloud providers, fostering a diversified supply chain and innovation.

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