Please Wait.....
Report
India Semiconductor Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)
Market Report I 2025-06-28 I 135 Pages I EMR Inc.
The India semiconductor market size reached around USD 46.45 Billion in 2024. The market is projected to grow at a CAGR of 14.70% between 2025 and 2034 to reach nearly USD 183.07 Billion by 2034. The market can be attributed to the widespread adoption of IoT devices, growing mobile data consumption, and burgeoning demand for smart consumer electronics products. Besides, rising government support for domestic semiconductor manufacturers is expected to impact the market dynamics favourably.
India Semiconductor Market Report Summary
Description
Value
Base Year
USD Billion
Historical Period
USD Billion
2018-2024
Forecast Period
USD Billion
2025-2034
Market Size 2024
USD Billion
46.45
Market Size 2034
USD Billion
183.07
CAGR 2018-2024
Percentage
XX%
CAGR 2025-2034
Percentage
14.70%
CAGR 2025-2034 - Market by Region
East India
15.4%
CAGR 2025-2034 - Market by Region
South India
15.1%
CAGR 2025-2034 - Market by Component
Memory Devices
15.8%
CAGR 2025-2034 - Market by Application
Networking and Communication
15.7%
Market Share by Region 2024
South India
21.3%
India Semiconductor Market Growth
During the 2018-2023 period, nearly 80% of semiconductor fabrication activities were concentrated in Taiwan, China, South Korea, Japan and Singapore. As per the World Trade Organisation, increasing geopolitical tensions pose a significant threat to global semiconductor supply, which has prompted India to develop its semiconductor manufacturing capabilities to become a viable alternative to countries like China and the United States. This is creating a favourable India semiconductor market outlook.
In December 2021, the government launched the India Semiconductor Mission (ISM), which provides design-linked and production-linked incentives for domestic and multinational firms seeking to create semiconductor fabrication facilities, testing units, and design centres in India. This has prompted major players like CG Power and Kaynes Technology to invest a total amount of INR 1.5 trillion, thereby leading to the India semiconductor market development.
However, there are significant market challenges for India to become a semiconductor giant, including over-reliance on China for raw material imports. This is prompting companies to develop their ATP capabilities in the short term. ATP involves transforming silicon wafer from front-end fabs to finished chips for electronic devices and is expected to increase the India semiconductor market value in the upcoming years. It has comparatively lower labour- and capital-intensive requirements as compared to front-end semiconductor production and is expected to pave the future path for the market favourably in the coming years.
Key Trends and Developments
Rising adoption of 5G; increasing appeal of cryptocurrency mining; burgeoning demand for consumer electronics; and digitalisation of public services are the major factors favouring the India semiconductor market growth.
September 2024
The government of India signed a memorandum of understanding with Singapore's Ministry of Trade and Industry to establish the India-Singapore Semiconductor Ecosystem Partnership. Under this, both nations are expected to enhance their cooperation in the development of semiconductor clusters, skilling individuals for designing and manufacturing chips.
September 2024
India established a partnership with the US government to create a multi-material semiconductor fabrication facility in Jewar, Uttar Pradesh. This is expected to produce advanced semiconductor chips for military purposes, such as night vision technologies and combat drones, thereby enhancing the self-defence capabilities of both countries. This is creating a favourable India semiconductor market outlook.
November 2023
American chipmaker AMD inaugurated its largest semiconductor design centre in Bengaluru city as a part of its USD 400 million investment in India for expanding its engineering, and research and development operations. This is expected to enable it to develop its expertise in making advanced chips for high-performance computing, gaming, and AI.
June 2023
The government of India approved Micron Technology, Inc.'s plan to construct a semiconductor assembling and testing facility worth USD 2.75 billion in Gujarat under its Modified Assembly, Testing, Marking and Packaging (ATMP) Scheme". This is expected to facilitate the India semiconductor market expansion in the coming years.
Rising adoption of 5G
By the end of 2024, the number of 5G subscribers in India is expected to increase from 110-120 million in 2023 to 270 million, representing 23% of all mobile subscriptions. This is expected to increase the demand for semiconductors over the forecast period.
Increasing appeal of cryptocurrency mining
The crypto mining boom has significantly increased the demand for application-specific integrated circuits and graphics processing units. These facilitate the resolution of complex cryptographic puzzles and form the core process of cryptocurrency mining. Delhi NCR leads the nation in terms of cryptocurrency adoption, followed by Bengaluru, Mumbai, Hyderabad, and Chennai, among others.
Burgeoning demand for consumer electronics
In 2023, total consumer electronics production in India reached USD 101 billion, driven by increasing demand for mobile phones (43%), and industrial electronics (12%). By 2030, India aims to become a burgeoning hub worth USD 300 billion for electronics manufacturing, which is expected to drive the India semiconductor market development.
Digitalisation of public services
The switch towards digitalisation of government operations to enhance operational efficiency and reduce paperwork is expected to increase the demand for semiconductors in the upcoming years. For instance, the Indian government is expected to increase the number of services availed through the UMANG app to 2,500 by the end of 2025 for the masses.
India Semiconductor Market Trends
Increasing appeal for cryptocurrency mining
Cryptocurrency mining requires powerful hardware solutions and high-performance processors like Graphics Processing Units and Application-Specific Integrated Circuits to solve complex mining algorithms, which has increased the demand for advanced semiconductor solutions. As per the market analysis, investments in cryptocurrency emerged as a popular source of investment among individuals earning less than INR 5 lakh per annum, with its popularity surging by nearly 300% among Indian females in 2024. This is expected to increase the rate of India semiconductor market development in the upcoming years.
Rising adoption of 5G
Telecom operators like Bharti Airtel and Reliance Jio have driven extensive mid-band deployments. By 2030, India is expected to account for 20% of the fixed-access wireless subscriptions globally. While the monthly data consumption rate for an average smartphone user anywhere is 19 GB, 32 GB of data is used by Indians monthly. This is expected to lead to the India semiconductor market expansion in the upcoming years.
India Semiconductor Industry Segmentation
The EMR's report titled "India Semiconductor Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:
Breakup by Component
- Memory Devices
- Logic Devices
- Analogue IC
- OSD
- Micro-Component
Breakup by Application
- Automotive
- Industrial
- Data Centre
- Telecommunication
- Consumer Electronics
- Aerospace and Defence
- Healthcare
- Others
Breakup by Region
- East India
- West and Central India
- North India
- South India
India Semiconductor Market Share
Based on region, the market is segmented into East India, West and Central India, North India, and South India. Over the forecast period of 2025-2034, the market for semiconductors in East India and South India is estimated to grow at a CAGR of 15.4% and 15.1%, respectively, due to rapid industrialisation and rising automotive production. Besides, the increasing digitalisation of business operations and the burgeoning demand for consumer electronics items are expected to favourably shape the India semiconductor market dynamics in the coming years.
Based on component, the market is divided into memory devices, logic devices, analogue IC, OSD, and micro-component. The market analysis suggests that the demand for memory devices and logic devices is estimated to grow at a CAGR of 15.8% and 15.3%, respectively, between 2025 and 2034. This can be attributed to the rising exports of smartphones from India and the rising demand for communication systems.
Leading Companies in the India Semiconductor Market
Major India semiconductor market players are making significant investments to bolster their research and development capabilities to design advanced and energy-efficient chips. By expanding their manufacturing capabilities and establishing fabrication units locally, they are also attempting to significantly reduce their reliance on imports.
HCL Technologies Limited
HCL Technologies Limited was founded in 1999 and is headquartered in Uttar Pradesh, India. It is a global technology company catering to numerous industries across 59 countries. In September 2024, its consolidated revenues totalled USD 13.7 billion.
Hon Hai Precision Industry Co., Ltd.
Hon Hai Precision Industry Co., Ltd. was founded in 1974 and is headquartered in Taiwan. It is the world's largest producer of consumer electronics and reported an annual revenue of USD 198 billion in 2023.
Micron Technology, Inc.
Micron Technology, Inc. was founded in 1978 and is headquartered in Idaho, United States. It specialises in manufacturing semiconductors, memory solutions, and multichip packages, among other technological solutions.
Intel Corporation
Intel Corporation was founded in July 1968 and is headquartered in California, United States. It is engaged in developing advanced solutions for semiconductor designing and production, autonomous driving, and artificial intelligence, among others.
Other players included in the India semiconductor market report are Samsung Electronics Co., Ltd., Broadcom Inc., NXP Semiconductors N.V., Qualcomm Inc., Texas Instruments Incorporated., and Analog Devices, Inc., among others.
1 Executive Summary
1.1 Market Size 2024-2025
1.2 Market Growth 2025(F)-2034(F)
1.3 Key Demand Drivers
1.4 Key Players and Competitive Structure
1.5 Industry Best Practices
1.6 Recent Trends and Developments
1.7 Industry Outlook
2 Market Overview and Stakeholder Insights
2.1 Market Trends
2.2 Key Verticals
2.3 Key Regions
2.4 Supplier Power
2.5 Buyer Power
2.6 Key Market Opportunities and Risks
2.7 Key Initiatives by Stakeholders
3 Economic Summary
3.1 GDP Outlook
3.2 GDP Per Capita Growth
3.3 Inflation Trends
3.4 Democracy Index
3.5 Gross Public Debt Ratios
3.6 Balance of Payment (BoP) Position
3.7 Population Outlook
3.8 Urbanisation Trends
4 Country Risk Profiles
4.1 Country Risk
4.2 Business Climate
5 Asia Pacific Semiconductor Market Overview
5.1 Key Industry Highlights
5.2 Asia Pacific Semiconductor Historical Market (2018-2024)
5.3 Asia Pacific Semiconductor Market Forecast (2025-2034)
6 India Semiconductor Market Overview
6.1 Key Industry Highlights
6.2 India Semiconductor Historical Market (2018-2024)
6.3 India Semiconductor Market Forecast (2025-2034)
7 India Semiconductor Market by Component
7.1 Memory Devices
7.1.1 Historical Trend (2018-2024)
7.1.2 Forecast Trend (2025-2034)
7.2 Logic Devices
7.2.1 Historical Trend (2018-2024)
7.2.2 Forecast Trend (2025-2034)
7.3 Analogue IC
7.3.1 Historical Trend (2018-2024)
7.3.2 Forecast Trend (2025-2034)
7.4 OSD
7.4.1 Historical Trend (2018-2024)
7.4.2 Forecast Trend (2025-2034)
7.5 Micro-Component
7.5.1 Historical Trend (2018-2024)
7.5.2 Forecast Trend (2025-2034)
8 India Semiconductor Market by Application
8.1 Automotive
8.1.1 Historical Trend (2018-2024)
8.1.2 Forecast Trend (2025-2034)
8.2 Industrial
8.2.1 Historical Trend (2018-2024)
8.2.2 Forecast Trend (2025-2034)
8.3 Data Centre
8.3.1 Historical Trend (2018-2024)
8.3.2 Forecast Trend (2025-2034)
8.4 Telecommunication
8.4.1 Historical Trend (2018-2024)
8.4.2 Forecast Trend (2025-2034)
8.5 Consumer Electronics
8.5.1 Historical Trend (2018-2024)
8.5.2 Forecast Trend (2025-2034)
8.6 Aerospace and Defence
8.6.1 Historical Trend (2018-2024)
8.6.2 Forecast Trend (2025-2034)
8.7 Healthcare
8.7.1 Historical Trend (2018-2024)
8.7.2 Forecast Trend (2025-2034)
8.8 Others
9 India Semiconductor Market by Region
9.1 East India
9.1.1 Historical Trend (2018-2024)
9.1.2 Forecast Trend (2025-2034)
9.2 West and Central India
9.2.1 Historical Trend (2018-2024)
9.2.2 Forecast Trend (2025-2034)
9.3 North India
9.3.1 Historical Trend (2018-2024)
9.3.2 Forecast Trend (2025-2034)
9.4 South India
9.4.1 Historical Trend (2018-2024)
9.4.2 Forecast Trend (2025-2034)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators of Demand
10.4 Key Indicators of Price
11 Competitive Landscape
11.1 Supplier Selection
11.2 Key Global Players
11.3 Key Regional Players
11.4 Key Player Strategies
11.5 Company Profile
11.5.1 Samsung Electronics Co., Ltd.
11.5.1.1 Company Overview
11.5.1.2 Product Portfolio
11.5.1.3 Demographic Reach and Achievements
11.5.1.4 Certifications
11.5.2 Intel Corporation
11.5.2.1 Company Overview
11.5.2.2 Product Portfolio
11.5.2.3 Demographic Reach and Achievements
11.5.2.4 Certifications
11.5.3 Broadcom Inc.
11.5.3.1 Company Overview
11.5.3.2 Product Portfolio
11.5.3.3 Demographic Reach and Achievements
11.5.3.4 Certifications
11.5.4 NXP Semiconductors N.V.
11.5.4.1 Company Overview
11.5.4.2 Product Portfolio
11.5.4.3 Demographic Reach and Achievements
11.5.4.4 Certifications
11.5.5 Qualcomm Inc.
11.5.5.1 Company Overview
11.5.5.2 Product Portfolio
11.5.5.3 Demographic Reach and Achievements
11.5.5.4 Certifications
11.5.6 Texas Instruments Incorporated.
11.5.6.1 Company Overview
11.5.6.2 Product Portfolio
11.5.6.3 Demographic Reach and Achievements
11.5.6.4 Certifications
11.5.7 Micron Technology, Inc.
11.5.7.1 Company Overview
11.5.7.2 Product Portfolio
11.5.7.3 Demographic Reach and Achievements
11.5.7.4 Certifications
11.5.8 Analog Devices, Inc.
11.5.8.1 Company Overview
11.5.8.2 Product Portfolio
11.5.8.3 Demographic Reach and Achievements
11.5.8.4 Certifications
11.5.9 Hon Hai Precision Industry Co., Ltd.
11.5.9.1 Company Overview
11.5.9.2 Product Portfolio
11.5.9.3 Demographic Reach and Achievements
11.5.9.4 Certifications
11.5.10 HCL Technologies Limited
11.5.10.1 Company Overview
11.5.10.2 Product Portfolio
11.5.10.3 Demographic Reach and Achievements
11.5.10.4 Certifications
11.5.11 Others
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security