Product Code: ETC4438405 | Publication Date: Jul 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 |
The India automotive semiconductor market import shipment demonstrated robust expansion with a CAGR of 22.8% from 2020 to 2024. The growth rate between 2023 and 2024 was 12.3%, indicating continued momentum. The market exhibited strong and consistent growth over the period, showing a positive upward trend.
The India automotive semiconductor market has been expanding steadily as the automotive industry in the country undergoes a digital transformation. Modern vehicles rely heavily on semiconductor components for advanced driver assistance systems (ADAS), infotainment, powertrain control, and electric vehicle technologies. As the India automotive market evolves to meet stricter emission standards and embrace electric and autonomous vehicles, the demand for advanced semiconductor solutions is on the rise. Domestic manufacturing initiatives, coupled with global collaborations, are further propelling the growth of the automotive semiconductor sector. India automotive semiconductor market is poised for continuous development as it aligns with global automotive trends.
The India Automotive Semiconductor market is experiencing significant growth due to several key drivers. Semiconductors are crucial components in modern vehicles, powering various systems, including engine control, infotainment, safety, and autonomous driving. One of the primary drivers for this market is the increasing demand for advanced automotive features and connectivity solutions. As the automotive industry in India evolves, there is a growing need for semiconductors to support features like in-car entertainment, navigation, and advanced driver assistance systems. The adoption of electric and hybrid vehicles also drives the demand for power management and battery control semiconductors. Additionally, the trend towards autonomous vehicles and connected cars is further contributing to the growth of the automotive semiconductor market in India.
The automotive semiconductor market in India encounters challenges in terms of technological advancements and supply chain disruptions. Rapid innovations in automotive technologies require semiconductor manufacturers to keep pace. Additionally, disruptions in the global supply chain, as seen during the COVID-19 pandemic, can affect the availability of critical components.
The automotive semiconductor market faced challenges due to disruptions in the supply chain and reduced vehicle production. Nevertheless, the industry adapted to the demand for electric vehicles and autonomous driving technologies.
In the India automotive semiconductor market, leading players include NXP Semiconductors, Infineon Technologies, and Renesas Electronics. These companies supply semiconductor solutions for automotive applications, such as advanced driver assistance systems (ADAS) and electrification.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Automotive Semiconductor Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Automotive Semiconductor Market Revenues & Volume, 2021 & 2031F |
3.3 India Automotive Semiconductor Market - Industry Life Cycle |
3.4 India Automotive Semiconductor Market - Porter's Five Forces |
3.5 India Automotive Semiconductor Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 India Automotive Semiconductor Market Revenues & Volume Share, By Vehicle Type , 2021 & 2031F |
3.7 India Automotive Semiconductor Market Revenues & Volume Share, By Fuel Type , 2021 & 2031F |
3.8 India Automotive Semiconductor Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Automotive Semiconductor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles in India leading to the adoption of advanced semiconductor technologies. |
4.2.2 Growing focus on safety and connectivity features in automobiles driving the demand for automotive semiconductors. |
4.2.3 Government initiatives and policies promoting the manufacturing and adoption of electric and connected vehicles. |
4.3 Market Restraints |
4.3.1 High initial investment required for setting up semiconductor manufacturing facilities. |
4.3.2 Complex regulatory environment impacting the pace of innovation and adoption in the automotive semiconductor market. |
4.3.3 Supply chain disruptions and shortage of key semiconductor components affecting production and delivery schedules. |
5 India Automotive Semiconductor Market Trends |
6 India Automotive Semiconductor Market, By Types |
6.1 India Automotive Semiconductor Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 India Automotive Semiconductor Market Revenues & Volume, By Component , 2021-2031F |
6.1.3 India Automotive Semiconductor Market Revenues & Volume, By Processor, 2021-2031F |
6.1.4 India Automotive Semiconductor Market Revenues & Volume, By Analog IC, 2021-2031F |
6.1.5 India Automotive Semiconductor Market Revenues & Volume, By Discrete Power Device, 2021-2031F |
6.1.6 India Automotive Semiconductor Market Revenues & Volume, By Sensor, 2021-2031F |
6.1.7 India Automotive Semiconductor Market Revenues & Volume, By Memory, 2021-2031F |
6.1.8 India Automotive Semiconductor Market Revenues & Volume, By Lighting Device, 2021-2031F |
6.2 India Automotive Semiconductor Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 India Automotive Semiconductor Market Revenues & Volume, By Passenger Car, 2021-2031F |
6.2.3 India Automotive Semiconductor Market Revenues & Volume, By LCV, 2021-2031F |
6.2.4 India Automotive Semiconductor Market Revenues & Volume, By HCV, 2021-2031F |
6.3 India Automotive Semiconductor Market, By Fuel Type |
6.3.1 Overview and Analysis |
6.3.2 India Automotive Semiconductor Market Revenues & Volume, By Gasoline, 2021-2031F |
6.3.3 India Automotive Semiconductor Market Revenues & Volume, By Diesel, 2021-2031F |
6.3.4 India Automotive Semiconductor Market Revenues & Volume, By EV/HEV, 2021-2031F |
6.4 India Automotive Semiconductor Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 India Automotive Semiconductor Market Revenues & Volume, By Powertrain, 2021-2031F |
6.4.3 India Automotive Semiconductor Market Revenues & Volume, By Safety, 2021-2031F |
6.4.4 India Automotive Semiconductor Market Revenues & Volume, By Body Electronics, 2021-2031F |
6.4.5 India Automotive Semiconductor Market Revenues & Volume, By Chassis, 2021-2031F |
6.4.6 India Automotive Semiconductor Market Revenues & Volume, By Telematics and Infotainment, 2021-2031F |
7 India Automotive Semiconductor Market Import-Export Trade Statistics |
7.1 India Automotive Semiconductor Market Export to Major Countries |
7.2 India Automotive Semiconductor Market Imports from Major Countries |
8 India Automotive Semiconductor Market Key Performance Indicators |
8.1 Average selling price (ASP) of automotive semiconductors. |
8.2 Number of patents filed for automotive semiconductor technologies. |
8.3 Percentage of vehicles in India equipped with advanced driver assistance systems (ADAS). |
8.4 Adoption rate of electric vehicles in the Indian automotive market. |
8.5 Investment inflow in RD for automotive semiconductor technologies in India. |
9 India Automotive Semiconductor Market - Opportunity Assessment |
9.1 India Automotive Semiconductor Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 India Automotive Semiconductor Market Opportunity Assessment, By Vehicle Type , 2021 & 2031F |
9.3 India Automotive Semiconductor Market Opportunity Assessment, By Fuel Type , 2021 & 2031F |
9.4 India Automotive Semiconductor Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Automotive Semiconductor Market - Competitive Landscape |
10.1 India Automotive Semiconductor Market Revenue Share, By Companies, 2024 |
10.2 India Automotive Semiconductor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |