According to TechSci Research report, “India Integrated Circuits Market –Industry Size, Share, Trends, Competition, Opportunity, and Forecast, FY2018-FY2028F” The India Integrated Circuits Market is poised to grow at a remarkable CAGR of 12.36% during the forecast period, driven by trends such as the widespread adoption of 5G connectivity, advanced driver assistance systems (ADAS) in automotive vehicles, cloud computing, and IoT-based devices.
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This growth is underpinned by increasing penetration of the Internet of Things (IoT) and electronic devices like mobiles, laptops, and computers, which escalate the demand for integrated circuit chips.
Browse over 20 market data Figures spread through 70 Pages and an in-depth TOC on "India Integrated Circuit Market"
Significant research and development efforts, particularly in advanced driver assistance systems by major automotive players, are fueling demand for integrated circuits. The expanding IoT ecosystem is also boosting requirements for analog ICs, digital ICs, and microcontroller sensors in automated equipment and IoT devices. For instance, advancements in automotive infotainment systems and precise GPS tracking are driving sales of automotive microcontrollers (MCUs). Moreover, the surge in electric vehicle (EV) sales, driven by fluctuating fuel prices and government subsidies, presents new growth opportunities for the market.
Furthermore, IC manufacturers are targeting emerging economies, leveraging the global trend towards smartphones. This strategic approach is expected to drive market expansion. The increasing deployment of 5G services is anticipated to further bolster industry growth.
The India Integrated Circuits Market is segmented by Product Type (Memory, Logic, Micro, Analog), Application Type (Data Processing, Communication, Industrial Electronics, Automotive, Consumer Electronics), and Region (South, West, North, East). The Memory segment, with its ability to handle data storage and retrieval efficiently, dominated the market with over 43.47% market share in FY2022.
Key market players in the India Integrated Circuits Market include:
- 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.
Major players are likely to bolster their footfall as end-users continue to exhibit traction for smart connectivity and IoT integrated operation. The India Integrated Circuits Market growth will be noticeable with the growing footprint of laptops, smart desktops, and tablets. Industry participants are likely to emphasize the production of sophisticated and state-of-the-art integrated circuit devices.On the basis of region, the market is divided into South, West, North & East. The South region is the major contributor to the growth of the India Integrated Circuits Market and has contributed to the largest market share of more than 40.53% in the year FY2022.
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“The increased use of next-generation mobile networks like 4G and 5G necessitates the installation of new infrastructure. Radio frequency integrated circuits, system on chips, application specific integrated circuits, cellular integrated circuits, and millimeter-wave integrated circuits are commonly used in the development of 5G infrastructure, resulting in a high demand for integrated circuits.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“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-FY2028F”, has evaluated the future growth potential of Integrated Circuits Market in India and provides statistics and information on market structure, size, share and future growth. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment decision. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in India Integrated Circuit market.
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