Market Forecast By Applications (Industrial, Automotive, Consumer Electronics, Telecommunication & Others) and competitive landscape
|Product Code: ETC002357||Publication Date: Mar 2023||Product Type: Report|
|Publisher: 6Wresearch||No. of Pages: 70||No. of Figures: 35||No. of Tables: 5|
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.
The India Integrated Circuit market report is a part of the Asia Pacific Integrated Circuit Market thoroughly covers the market by applications, and regions. The India Integrated Circuit market outlook report provides an unbiased and detailed analysis of the ongoing India Integrated Circuit market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Integrated Circuit market is driven by the growing penetration of electronics, along with a surge in demand for automobiles in the country. The consumer electronics market has registered a growth of over 20% over the past three years and is expected to maintain its growth over the coming years, which would lead to a further increase in demand for the integrated circuit market in the country.
According to 6Wresearch, the India Integrated Circuit Market size is anticipated to register growth during 2020-2026. The rising presence of products across the global market is driving the growth of the industry. Increasing engagement towards custom-made integrated circuits is also propelling the India Integrated Market Growth.
India integrated circuit market is estimated to register sound revenues in the coming six years backed by the rising tremendous growth of the automotive and telecommunication sector. Further, the rising penetration of the Internet of things and electronic devices such as mobiles, laptops, and computers is leading to instigating the demand for integrated circuit chips in order to operate smoothly function and is estimated to generate lucrative opportunities in the market. Additionally, on the basis of the end-users commercial sector is estimated to generate high sales revenues in the market owing to rising offices and malls coupled with the rising use of computer systems which is anticipated to propel the significant demand for integrated circuits and would proliferate the growth of integrated circuit market in the coming years.
Based on applications, the market is segmented into consumer electronics, automotive, industrial, telecommunication, and others, of which consumer electronics accounted for a leading share of market demand.
Indian market is expected to register a decline in demand during 2020, due to the occurrence of the global pandemic COVID-19, which has led to a complete lockdown in the country during the second quarter of 2020, resulting in an economic slowdown in the country. However, the market is expected to register positive growth during 2021-2026, on account of changing government policies for the expansion of the industrial sector leading to the surge in demand for Integrated Circuit in the Indian market over the forecast period.
Some of the key players in the Integrated Circuit Market are:
The India Integrated Circuit Market report provides a detailed analysis of the following market segments:
|1. Executive Summary|
|2.1 Report Description|
|2.2 Key Highlights of The Report|
|2.3 Market Scope & Segmentation|
|2.4 Research Methodology|
|3. India Integrated Circuit Market Overview|
|3.1 India Integrated Circuit Market Revenues, 2016-2026F|
|3.2 India Integrated Circuit Market Revenue Share, By Applications, 2019 & 2026F|
|3.3 India Integrated Circuit Market Revenue Share, By Regions, 2019 & 2026F|
|3.4 India Integrated Circuit Market Industry Life Cycle|
|3.5 India Integrated Circuit Market- Porter’s Five Forces|
|4. India Integrated Circuit Market Dynamics|
|4.1 Impact Analysis|
|4.2 Market Drivers|
|4.3 Market Restraints|
|5. India Integrated Circuit Market Trends|
|6. India Integrated Circuit Market Overview, By Applications|
|6.1 India Integrated Circuit Market Revenues, By Consumer Electronics, 2016-2026F|
|6.2 India Integrated Circuit Market Revenues, By Automotive, 2016-2026F|
|6.3 India Integrated Circuit Market Revenues, By Industrial, 2016-2026F|
|6.4 India Integrated Circuit Market Revenues, By Telecommunication, 2016-2026F|
|6.5 India Integrated Circuit Market Revenues, By Others, 2016-2026F|
|7. India Integrated Circuit Market Overview, By Regions|
|8. India Capacitors Market Key Performance Indicators|
|9. India Capacitors Market Opportunity Assessment|
|9.1 India Capacitors Market Opportunity Assessment, By Applications, 2026F|
|10. India Capacitors Market Competitive Landscape|
|10.1 India Capacitors Market Revenue Share, By Companies, 2019|
|10.2 India Capacitors Market Competitive Benchmarking, By Operating Parameters|
|11. Company Profiles|
|12. Strategic Recommendations|