India Integrated Circuits Market, By Product Type, By Application Type, By Region, Competition Forecast & Opportunities, FY2018-FY2028F

India Integrated Circuits Market Was Valued at USD 14425.91 Million in Fy2022 and is Anticipated to Project a Robust Growth in the Forecast Period with a CAGR of 12.36%.

India Integrated Circuits Market was valued at USD14425.91 million in FY2022 and is anticipated to project a robust growth in the forecast period with a CAGR of 12.36%. The growing demand for integrated circuits owing to the rising electrification of cars is one of the primary factors driving the market growth. The elevating implementation of technology in vehicle connectivity solutions is bolstering the market growth. The escalating demand for integrated circuits is leading to the cutting down of prices of ICs, thus accelerating the market growth. Additionally, the advent of IoT in the automotive industry is further supporting the growth of the market.

An integrated circuit (IC) refers to a small chip which comprises of semiconductor material that houses an entire circuit. The emerging trend of IoT encourages several companies to invest in connected cars which has an advanced feature. With this, the increase in adoption of sensors and real time monitoring is stimulating the growth of the IC market across India. The growing electrification of automobiles, along with the increase in demand for powertrain systems that require sensors, analog converters, and microcontrollers is propelling the growth of IC market. The increasing use of memory ICs in the healthcare sector in maintaining the records of patients related to medical PCs, blood analysis devices, electrocardiographs, etc., is stimulating the growth of the market. The continuous developments in the smartphone sector, coupled with the expanding competition among the mobile manufacturers is expected to drive the market growth in the upcoming years.

The India Integrated Circuits Market is segmented based on product type, application type, region, and company. Based on region, the market is divided into South India, West India, North India, and East India. The South region is the major contributor to the growth of the India Integrated Circuit market and has contributed to the largest market share of 40.53% in FY2022.

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.

Years considered for this report:

• Historical Years: FY2018-FY2021
• Base Year: FY2022
• Estimated Year: FY2023E
• Forecast Period: FY2024F-FY2028F

Objective of the Study:

• To analyze the historical growth in the market size of India integrated circuit market from FY2018 to FY2022.
• To estimate and forecast the market size of India integrated circuit market from FY2023E to FY2028F and growth rate until FY2028F.
• To classify and forecast India integrated circuit market based on product type, application type, regional distribution, and competitive landscape.
• To identify dominant region or segment in the India integrated circuit market.
• To identify drivers and challenges for India integrated circuit market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India integrated circuit market.
• To identify and analyze the profile of leading players operating in India integrated circuit market.
• To identify key sustainable strategies adopted by market players in India integrated circuit market.

The publisher performed both primary as well as exhaustive secondary research for this study. Initially, the publisher sourced a list of integrated circuits manufacturing companies across the country. Subsequently, the publisher conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, the publisher could include the vendors which could not be identified due to the limitations of secondary research.

The publisher calculated the India integrated circuit market size using a bottom-up approach, where data for various end user segments was recorded and forecast for the future years. The publisher 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 including company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used.

Key Target Audience:

• Integrated circuit manufacturing companies/partners
• End-users
• Government bodies such as regulating authorities and policy makers
• Organizations, industry associations, forums and alliances related to integrated circuits
• Market research and consulting firms

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

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 Circuits Market

Available Customizations:

With the given market data, the publisher offers customizations according to a company’s specific needs.