India Integrated Circuit Market (2024-2030) | Size, Report, Industry, Trends, Outlook

Market Forecast By Applications (Industrial, Automotive, Consumer Electronics, Telecommunication & Others) and competitive landscape

Product Code: ETC002357	Publication Date: Aug 2023	Updated Date: Aug 2024	Product Type: Report
Publisher: 6Wresearch	No. of Pages: 70	No. of Figures: 35	No. of Tables: 5

India Integrated Circuit Market Competition 2023

India Integrated Circuit market currently, in 2023, has witnessed an HHI of 1766, Which has decreased slightly as compared to the HHI of 2108 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

India Export Potential Assessment For Integrated Circuit Market (Values in USD Thousand)

Latest 2023 Development of the India Integrated Circuit Market

India integrated circuit market has witnessed several government initiatives including the Electronics Manufacturing Cluster (EMC) scheme, which aims to create an ecosystem for the electronics manufacturing industry. The government has also announced a Production Linked Incentive (PLI) scheme for the semiconductor industry, providing financial incentives to domestic companies that manufacture semiconductors in India. Furthermore, several international semiconductor companies have established their presence in India, including Intel, Samsung, Texas Instruments, and STMicroelectronics. These companies have set up research and development centres, design centres, and manufacturing facilities in India.

One of the latest developments in the Indian IC market is the establishment of a new semiconductor fab unit in Prayagraj, Uttar Pradesh by the Indian government-owned company, Hindustan Semiconductor Manufacturing Corporation (HSMC). The fab unit is expected to manufacture advanced chips for various applications such as mobiles, laptops, smart grids, and defence electronics. In addition, several multinational semiconductor companies such as Intel, Qualcomm, and Texas Instruments have also announced their plans to invest in the Indian IC market. For instance, Qualcomm has partnered with Jio Platforms to develop and produce 5G network infrastructure and services in India. Intel has also announced its plans to invest $600 million to expand its manufacturing facility in Chennai, Tamil Nadu. These factors will further boost the demand for India integrated circuit industry.

India Integrated Circuit Market Highlights

Report Name	India Integrated Circuit Market
Forecast period	2024-2030
CAGR	12.6%
Growing Sector	Consumer Electronics

Topics Covered in the India Integrated Circuit Market Report

The India Integrated Circuit Market report diversely covers the market by Applications. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers that would help stakeholders to devise and align their market strategies according to the current and future market dynamics.

India Integrated Circuit Market Synopsis

The India Integrated Circuit Market is projected to witness significant growth in the forecast period. The increasing demand for high-performance and energy-efficient electronic devices in various industries such as consumer electronics, automotive, industrial, and telecommunication are driving growth in the market.

According to 6Wresearch, the India Integrated Circuit Market is expected to grow at a CAGR of 12.6% during the forecast period. The growth in the market is fueled by increasing demand for smart electronic devices, rapid industrialization and urbanization and a growing middle-class population with higher disposable incomes. India has witnessed significant growth in its consumer electronics sector due to factors such as rising disposable income and changing lifestyles. This has led to an increased demand for technologically advanced gadgets such as smartphones, laptops, tablets, and smart home appliances. The integrated circuits are essential components in these devices, this is a major factor driving the growth of the market. Additionally, government initiatives promoting digitalization and technological advancements are also driving the market forward.

Despite the growth in the market, the India Integrated Circuit Market is facing certain challenges that can hinder its growth in the forecast period. The primary challenge is the rapidly changing and evolving market trends, which makes it difficult for companies to keep up with constantly changing consumer demands. This requires continuous investment in research and development, which can be a costly affair for smaller players in the market. Additionally, strict regulations regarding import and export policies for electronic components may also pose a challenge for market growth.

India Integrated Circuit Market: Key Players

The leading players in the market include Intel Corporation, Qualcomm Incorporated, Texas Instruments Inc., Samsung Electronics Co. Ltd., and Toshiba Corporation. These companies are consistently investing in Research and Development activities to develop innovative products and expand their market reach. Currently, Intel Corporation holds the largest share in the market.

India Integrated Circuit Market: Government Regulations

The Indian government has been taking various initiatives to promote the growth of the electronics industry, including the integrated circuit sector. These initiatives include the Make in India program, which aims to make India a global manufacturing hub for electronic products. Additionally, various policies have been implemented to attract foreign investments in the country's electronics sector and create a conducive environment for domestic players.

Future Insights of the Market

The India Integrated Circuit Market has been experiencing significant growth in recent years and is expected to continue its growth trajectory in the coming years. The India Integrated Circuit Market is expected to witness continuous growth in the coming years due to increasing investments in research and development, advancements in technology, and government initiatives promoting domestic manufacturing. The integration of integrated circuits in various industries such as automotive, consumer electronics, and telecommunications is also expected to drive market growth. Moreover, the rise of smart cities and digitalization efforts by the Indian government is further expected to boost demand for integrated circuit solutions.

Market Segmentation By Applications

According to Dhaval, Research Manager, 6Wresearch, the Consumer Electronics segment holds the dominant share in the market due to the high demand for integrated circuits in devices such as smartphones, laptops, and tablets.

Key Attractiveness of the Report

10 Years Market Numbers
Historical Data Starting from 2020 to 2023
Base Year: 2023
Forecast Data until 2030
Key Performance Indicators Impacting the Market
Major Upcoming Projects and Developments

Key Highlights of the Report

India Integrated Circuit Market Overview
India Integrated Circuit Market Outlook
India Integrated Circuit Market Forecast
Historical Data of India Integrated Circuit Market Revenues & Volume for the Period 2020-2030
India Integrated Circuit Market Size and India Integrated Circuit Market Forecast of Revenues & Volume, Until 2030
Historical Data of India Integrated Circuit Market Revenues & Volume, By Applications, for the Period 2020-2030
Market Size & Forecast of India Integrated Circuit Market Revenues & Volume, By Applications, Until 2030
Market Drivers and Restraints
India Integrated Circuit Market Price Trends
India Integrated Circuit Market Trends and Industry Life Cycle
Porter’s Five Force Analysis
Market Opportunity Assessment
India Integrated Circuit Market Share, By Players
India Integrated Circuit Market Share, By Regions
India Integrated Circuit Market Overview on Competitive Benchmarking
Company Profiles
Key Strategic Recommendations