India Semiconductor Market 2030: Size, Share, Top Companies Insights & Industry Outlook

# India Semiconductor Market 2030: Size, Share, Top Companies Insights & Industry Outlook <div></div> <div> <div class="erp-sidecar:min-h-[var(--sidecar-content-height)] erp-mobile-sidecar:min-h-[var(--mobile-sidecar-content-height)] min-h-[var(--page-content-height)]"> <div class="pt-[var(--thread-visual-spacing)] md:pt-lg pb-[var(--thread-visual-spacing)] px-[var(--thread-visual-spacing)] border-subtlest ring-subtlest divide-subtlest bg-transparent"> <div class="isolate mx-auto max-w-threadContentWidth"> <div class="mx-auto max-w-threadContentWidth"> <div class="relative"> <div class="gap-y-md mt-md flex flex-col"> <div class="gap-y-lg flex flex-col first:mt-0"> <div class="border-subtlest ring-subtlest divide-subtlest bg-transparent"> <div class="gap-y-md flex flex-col"> <div class="relative font-sans text-base text-foreground selection:bg-super/50 selection:text-foreground dark:selection:bg-super/10 dark:selection:text-super"> <div class="min-w-0 break-words [word-break:break-word]"> <div id="markdown-content-5" class="gap-y-md after:clear-both after:block after:content-['']" dir="auto"> <div class="relative"> <div class="prose dark:prose-invert inline leading-relaxed break-words min-w-0 [word-break:break-word] prose-strong:font-medium [&_>*:first-child]:mt-0"> <h2 id="industry-key-highlights" class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0 md:text-lg [hr+&]:mt-4">Industry Key Highlights</h2> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2"><span lang="EN-US">According to the TechSci Research report, <b>“</b><a href="https://www.techsciresearch.com/report/india-semiconductor-market/7801.html">India Semiconductor Market</a><b> - By Region, Competition Forecast & Opportunities, 2020-2030</b></span><b><span lang="EN-US">.”</span></b><span lang="EN-US"> India Semiconductor market was valued at<strong> USD 34.4 Billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 19.01%.</strong></span></p> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2"><strong>Request For Sample Copy of Report For More Detailed Market insight: </strong><a href="https://www.techsciresearch.com/sample-report.aspx?cid=7801#requestform">https://www.techsciresearch.com/sample-report.aspx?cid=7801#requestform</a></p> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">India’s semiconductor ecosystem is distinguished by a well-established design industry, hosting around 120 design units deeply involved in producing innovative semiconductor solutions. These designs find applications in key sectors such as automotive, communication, industrial systems, data processing, and consumer electronics. Driven by growing consumption trends across urban and rural India, the demand for semiconductors is tightly linked to the advancing digital wave permeating businesses, governments, and individual consumers.</p> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">Government programs aimed at nurturing semiconductor design and manufacturing have become pivotal growth catalysts. Bodies such as Indian Institutes of Technology (IITs), National Institutes of Technology (NITs), Indian Institutes of Information Technology (IIITs), together with private enterprises, are fostering entrepreneurial culture and deepening skills that further enrich the industry.</p> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">One of the most significant drivers of growth within the Indian semiconductor market is the automotive sector’s burgeoning appetite for chipsets. The Indian automotive industry is undergoing a revolutionary transformation powered by electric vehicles (EVs), connected car technology, and autonomous driving advancements. Semiconductor components serve critical functions in power management, battery systems, safety features, infotainment, and communication modules—enabling smarter, safer, and more efficient vehicles.</p> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">Government incentives such as the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme stimulate semiconductor demand by promoting electric mobility growth. Concurrently, consumer preferences are shifting towards connected and intelligent vehicles equipped with advanced driver assistance systems (ADAS), heightening requirements for sophisticated semiconductor solutions.</p> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">The global semiconductor shortage underscored the importance of establishing a resilient and self-sufficient semiconductor supply chain within India. To this end, the government has introduced schemes like the Production Linked Incentive (PLI) to attract investments and boost local manufacturing capabilities.</p> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">India’s semiconductor market growth is further powered by strategic collaborations between global industry leaders and Indian manufacturers focused on localized, cost-effective semiconductor solutions tailored specifically for the domestic market. This opens avenues for affordable, durable technology products that meet regional economic and infrastructure conditions.</p> <hr class="bg-subtle h-px border-0" /> <h2 id="emerging-trends" class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0 md:text-lg [hr+&]:mt-4">Emerging Trends</h2> <h2 class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0">Expansion of Electric and Autonomous Vehicles</h2> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">The shift to electric and autonomous vehicles is a dominant semiconductor market trend in India. EVs demand specialized semiconductor chips for battery management, power conversion, and energy efficiency. Meanwhile, autonomous vehicles lean heavily on sensors, processors, and communication chips to enable real-time decision-making and navigation.</p> <h2 class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0">AI-Enabled Semiconductor Innovation</h2> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">Artificial intelligence integration within semiconductor design is revolutionizing chip performance and capabilities. Smart chips with embedded AI capabilities optimize processing speed, signal interpretation, and predictive analytics—key for sectors like IT, telecom, automotive, and healthcare.</p> <h2 class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0">Domestic Manufacturing and Design Push</h2> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">India is witnessing increased government and private sector efforts to build domestic semiconductor manufacturing ecosystems. Incentives and infrastructure development focusing on chip fabrication, assembly, and design strengthen India’s strategic autonomy and global competitiveness.</p> <h2 class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0">Growing IoT and Connectivity Devices Market</h2> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">Connected devices powered by IoT continue to proliferate across industrial automation, smart cities, agriculture, and consumer segments. Semiconductor components designed to support low power consumption, wide-area networking, and embedded intelligence are witnessing rising adoption.</p> <h2 class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0">Semiconductor Material and Process Innovation</h2> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">Advancements in chip materials, like silicon carbide and gallium nitride, and process technologies such as chiplet-based manufacturing, offer enhanced performance and energy efficiency. Indian semiconductor firms are gradually adopting these innovations to meet global standards.</p> <h2 id="market-drivers" class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0 md:text-lg [hr+&]:mt-4">Market Drivers</h2> <h2 class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0">Burgeoning Electronics Consumption</h2> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">India’s expanding middle class, urbanization, and digital literacy drive a rising need for consumer electronics—smartphones, televisions, computers, wearable devices—directly influencing semiconductor demand at massive scale.</p> <h2 class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0">Electrification of Transport</h2> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">Government policies encouraging electric vehicle adoption have triggered unprecedented semiconductor demand for power electronics, charging infrastructure, sensors, and control systems.</p> <h2 class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0">Digitization of Businesses and Public Services</h2> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">From IT services to public sector digitalization, demands for compute power, networking, and security fuel semiconductor growth, especially microprocessors, memory, and analog components.</p> <h2 class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0">Government Support and Strategic Policies</h2> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">With initiatives like the Modified Special Incentive Package Scheme (M-SIPS), PLI scheme, and focused R&D funding, India is actively supporting semiconductor research, design, and manufacturing growth.</p> <h2 class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0">Global Semiconductor Shortage Lessons</h2> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">Recent crises have emphasized the need to build local, robust semiconductor supply chains and reduce import dependence—fortifying market growth through policy and investment incentives.</p> <h2 id="application-analysis-automotive-sector-leadership" class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0 md:text-lg [hr+&]:mt-4">Application Analysis: Automotive Sector Leadership</h2> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">Automotive semiconductors dominate in market share due to:</p> <ul class="marker:text-quiet list-disc"> <li class="py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&>p]:pt-0 [&>p]:mb-2 [&>p]:my-0"> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2"><strong>Electric and Hybrid Vehicle Technologies:</strong> Demand for efficient power management ICs, battery packs, and chargers.</p> </li> <li class="py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&>p]:pt-0 [&>p]:mb-2 [&>p]:my-0"> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2"><strong>Safety and Assistance Systems:</strong> ADAS relying on image processors, radar, LiDAR sensors chips.</p> </li> <li class="py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&>p]:pt-0 [&>p]:mb-2 [&>p]:my-0"> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2"><strong>Infotainment and Connectivity:</strong> Chips enabling rich media experiences and vehicle-to-everything (V2X) communication.</p> </li> <li class="py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&>p]:pt-0 [&>p]:mb-2 [&>p]:my-0"> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">Impact of FAME and similar subsidies enhancing adoption and domestic production.</p> </li> </ul> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">The automotive semiconductor market’s rise is further strengthened by Indian manufacturers partnering with global semiconductor companies to co-develop tailored solutions meeting domestic cost and quality standards.</p> <h2 id="competitive-analysis" class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0 md:text-lg [hr+&]:mt-4">Competitive Analysis</h2> <p style="font-weight: 400;"><b>Key market players in the India Semiconductor Market include:</b></p> <ul style="font-weight: 400;"> <li>Broadcom Inc.</li> <li>CHIPLOGIC TECHNOLOGIES</li> <li>Tata Elxsi Limited</li> <li>Continental Device India Pvt. Ltd., (CDIL)</li> <li>MosChip Technologies Limited</li> <li>NXP B.V.</li> <li>ASM Technologies Limited</li> <li>Masamb Electronics Systems Private Limited</li> <li>Semi-Conductor Laboratory</li> <li>ROHM Co., Ltd.</li> </ul> <p style="font-weight: 400;"><b><a href="https://www.techsciresearch.com/sample-report.aspx?cid=7801">Download Free Sample Report</a></b></p> <p style="font-weight: 400;"><b><i>Customers can also request 10% free customization on this report.</i></b></p> <h2 class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0">Industry Dynamics</h2> <ul class="marker:text-quiet list-disc"> <li class="py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&>p]:pt-0 [&>p]:mb-2 [&>p]:my-0"> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">Increased collaboration between Indian firms and multinational corporations accelerates technology transfer.</p> </li> <li class="py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&>p]:pt-0 [&>p]:mb-2 [&>p]:my-0"> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">Local manufacturing investments reduce reliance on imports and improve supply resilience.</p> </li> <li class="py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&>p]:pt-0 [&>p]:mb-2 [&>p]:my-0"> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">Innovation through R&D partnerships fosters new semiconductor designs aligned with India’s unique infrastructural needs.</p> </li> <li class="py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&>p]:pt-0 [&>p]:mb-2 [&>p]:my-0"> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">Competitive pricing strategies and cost optimization attract broad application-based adoption.</p> </li> </ul> <h2 id="future-outlook" class="mb-2 mt-4 font-display font-semimedium text-base first:mt-0 md:text-lg [hr+&]:mt-4">Future Outlook</h2> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">India’s semiconductor industry is poised for transformative growth by 2029 and beyond, shaped by forces such as:</p> <ul class="marker:text-quiet list-disc"> <li class="py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&>p]:pt-0 [&>p]:mb-2 [&>p]:my-0"> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2"><strong>Comprehensive Domestic Semiconductor Ecosystem Development:</strong> With increased government funding and private sector momentum, India aims to become a credible global semiconductor hub.</p> </li> <li class="py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&>p]:pt-0 [&>p]:mb-2 [&>p]:my-0"> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2"><strong>Rise of Smart Mobility:</strong> Electric, connected, and autonomous vehicles will account for a majority of semiconductor demand growth.</p> </li> <li class="py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&>p]:pt-0 [&>p]:mb-2 [&>p]:my-0"> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2"><strong>AI and Cloud Compute Demand:</strong> Expanding IT infrastructure and digital services require powerful semiconductors for servers, data centers, and AI workloads.</p> </li> <li class="py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&>p]:pt-0 [&>p]:mb-2 [&>p]:my-0"> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2"><strong>Robust Policies Driving Manufacturing:</strong> PLI scheme and infrastructure initiatives encourage domestic chip fabrication plants and assembly units.</p> </li> <li class="py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&>p]:pt-0 [&>p]:mb-2 [&>p]:my-0"> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2"><strong>Emergence of New Technologies:</strong> Quantum computing, 5G, and edge computing demand next-generation chip design and manufacturing capabilities.</p> </li> <li class="py-0 my-0 prose-p:pt-0 prose-p:mb-2 prose-p:my-0 [&>p]:pt-0 [&>p]:mb-2 [&>p]:my-0"> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2"><strong>Investment in Talent Development:</strong> Strengthening semiconductor design education and workforce development will sustain innovation pipelines.</p> </li> </ul> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2">The fusion of government proactive strategies, private sector collaboration, and increased digital technology penetration will integrate India firmly on the global semiconductor map, turning challenges into opportunities for sustainable and inclusive economic growth.</p> <p class="my-2 [&+p]:mt-4 [&_strong:has(+br)]:inline-block [&_strong:has(+br)]:pb-2"><strong>Contact US:</strong></p> <p style="font-family: Merriweather, Georgia, serif; font-style: normal; font-weight: 400; color: #1a1a1a; margin: 0px !important; padding: 0px !important;"><a href="https://www.techsciresearch.com/">Techsci Research</a> LLC</p> <p style="font-family: Merriweather, Georgia, serif; font-style: normal; font-weight: 400; color: #1a1a1a; margin: 0px !important; padding: 0px !important;">420 Lexington Avenue, Suite 300,</p> <p style="font-family: Merriweather, Georgia, serif; font-style: normal; font-weight: 400; color: #1a1a1a; margin: 0px !important; padding: 0px !important;">New York, United States- 10170</p> <p style="font-family: Merriweather, Georgia, serif; font-style: normal; font-weight: 400; color: #1a1a1a; margin: 0px !important; padding: 0px !important;">Tel: +13322586602</p> <p style="font-family: Merriweather, Georgia, serif; font-style: normal; font-weight: 400; color: #1a1a1a; margin: 0px !important; padding: 0px !important;">Email: <a href="mailto:sales@techsciresearch.com">sales@techsciresearch.com</a></p> <p style="font-family: Merriweather, Georgia, serif; font-style: normal; font-weight: 400; color: #1a1a1a; margin: 0px !important; padding: 0px !important;">Web: <a href="https://www.techsciresearch.com/">https://www.techsciresearch.com/</a></p> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div> </div>