
India Semiconductor Materials Market - By Material (Silicon Carbide, Gallium Manganese Arsenide, Copper Indium Gallium Selenide, Molybdenum Disulfide, Bismuth Telluride), By Application (Fabrication, Packaging), By End User (Consumer Electronics, Manufact
Description
India Semiconductor Materials Market - By Material (Silicon Carbide, Gallium Manganese Arsenide, Copper Indium Gallium Selenide, Molybdenum Disulfide, Bismuth Telluride), By Application (Fabrication, Packaging), By End User (Consumer Electronics, Manufacturing, Automotive, Energy, and Utility, Others), By Region (North India, South India, East India, West India), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
India Semiconductor Materials Market to Boost in Coming Years – Projected to Reach worth USD 167.85 billion by 2029
The primary factor is the increasing adoption of electronic devices and the country's expanding middle-class consumer base will likely drive the growth of the market over the forecast period. Furthermore, rising demand for smartphones, tablets, and IoT devices will likely increase the need for semiconductors and related materials which will further drive market expansion throughout the forecast period.
A recent study by the strategic consulting and market research firm; BlueWeave Consulting revealed that the India Semiconductor Materials Market was worth USD 40.66 billion in 2022 and is anticipated to reach USD 167.85 billion by 2029 at a CAGR of 22.65% (2023-2029). The India semiconductor materials market is experiencing rapid growth driven by factors such as the increasing adoption of electronic devices and the country's expanding middle-class consumer base. With the rising demand for smartphones, tablets, and IoT devices, the need for semiconductors and related materials is on the rise. Additionally, the government's push to establish a self-reliant manufacturing ecosystem and attract investments in the semiconductor sector further propels the market's growth.
As India continues to witness advancements in technology and rising consumer demand, the semiconductor materials market is expected to flourish in the coming years. Apart from this, the government of India is taking numerous initiatives to encourage the adoption of semiconductor materials. The government remains focused on its vital goal of establishing an overall semiconductor ecosystem that would stimulate India's fast-expanding electronics manufacturing and innovation environment. This AtmaNirbharta vision in electronics and semiconductors was given additional impetus by the Union Cabinet chaired by the honorable Prime Minister approving the Semicon India program with a total outlay of INR 76,000 crore for the development of our country's semiconductor and display manufacturing ecosystem. The program's goal is to provide financial assistance to companies that invest in semiconductors, display production, and the design environment. This will pave the road for India's increased participation in global electronics value chains. This will further create ample opportunities for market growth in India.
Growing automotive industry drives the market growth
The rapid growth of the automotive industry in India is a key driver of the semiconductor materials market in the country. According to the data provided by Financial Express, the automobile and auto component industry in India is projected to be worth more than $222 billion (Rs1,830,834 crore). The sector accounts for 7.1% of the country's GDP (2021) and 49% of manufacturing GDP. Riding the green mobility trend, India has seen an exponential increase in car electrification. India increased EV sales by more than 200 percent in FY2022 compared to FY2021. By 2030, the government hopes to have a 30 percent market share in the passenger automobile category. As the automotive sector expands, there is a rising demand for advanced electronic systems and components in vehicles. Semiconductors are vital for powering a wide range of automotive applications, including infotainment systems, advanced driver-assistance systems (ADAS), connectivity solutions, and electric vehicle (EV) technology. With the government's focus on promoting electric mobility and the increasing consumer preference for smart and connected vehicles, the automotive industry's demand for semiconductor materials is experiencing a significant surge. This trend is driving the growth of the India semiconductor materials market during the projected period.
India Semiconductor Materials Market: By End user
Based on end user, the market is classified into consumer electronics, manufacturing, automotive, energy and utility and others. The increasing adoption of smartphones, laptops, tablets, and other consumer electronic devices is driving the demand for advanced semiconductor materials. Factors such as rising disposable incomes, expanding middle-class population, and growing technological advancements contribute to the growth of the consumer electronics market in India. As consumers seek more advanced and feature-rich devices, the demand for high-performance semiconductor materials for applications like processors, memory chips, sensors, and displays is expected to experience significant growth. The consumer electronics segment presents lucrative opportunities for semiconductor material suppliers in India, with a focus on delivering innovative and reliable solutions to meet the evolving needs of consumers.
India Semiconductor Materials Market: By Country
Baes on region, the India semiconductor materials market is segmented into North India, South India, East India, and West India. West India segment is expected to grow significantly in the India semiconductor materials market during the projected period With states like Maharashtra and Gujarat leading the way, this region has become a prominent hub for semiconductor manufacturing, driven by a favorable business environment, skilled labor, robust infrastructure, and strategic connectivity. The government's support for local manufacturing and the establishment of semiconductor parks further bolster the region's potential. As the demand for electronic devices continues to rise, West India's contribution to the semiconductor materials market is expected to be substantial, making it a key region to watch in the coming years.
Impact of COVID-19 on the India Semiconductor Materials Market
The COVID-19 pandemic had a substantial influence on India's semiconductor materials sector, causing supply chain disruptions, manufacturing delays, and a drop in consumer demand. Border closures and international trade restrictions posed problems with the availability and timely supply of raw materials and components. With lower consumer spending and economic uncertainty, demand for electronic gadgets and related semiconductor materials fell. However, as the situation gradually improves, the market is likely to rebound, led by the restoration of manufacturing activities, the expansion of innovative technologies, and the rising demand for electronic devices across several industries.
Competitive Landscape
The India Semiconductor Materials Market is highly competitive, with all the players continually competing to gain a larger market share. The key players are Reliance Industries Limited, Tata Chemicals Limited, Wacker Metroark Chemicals Pvt. Ltd., Sumitomo Chemical India Pvt. Ltd., Merck India Pvt. Ltd., JSR Corporation India Pvt. Ltd., Dow India, Shin-Etsu Chemicals India Pvt. Ltd., Entegris India Pvt. Ltd., Huntsman International (India) Pvt. Ltd., and other prominent players.
The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Semiconductor Materials Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the global India Semiconductor Materials Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
200 Pages
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. India Semiconductor Materials Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising demand for consumer electronics goods
- 3.2.1.2. Growing automotive industry
- 3.2.1.3. Increasing semiconductor design and manufacturing activities
- 3.2.2. Restraints
- 3.2.2.1. Limited domestic manufacturing capabilities
- 3.2.2.2. High initial investment costs
- 3.2.3. Opportunity
- 3.2.3.1. Rise in government's focus on promoting domestic manufacturing,
- 3.2.3.2. Digital transformation and IoT adoption
- 3.2.4. Challenges
- 3.2.4.1. High dependency on imports
- 3.2.4.2. Rapid technological advancements and obsolescence
- 3.2.4.3. Unlicensed individuals performing surgeries
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. India Semiconductor Materials Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Material
- 4.2.1.1. Silicon Carbide
- 4.2.1.2. Gallium Manganese Arsenide
- 4.2.1.3. Copper Indium Gallium Selenide
- 4.2.1.4. Molybdenum Disulfide
- 4.2.1.5. Bismuth Telluride
- 4.2.2. By Application
- 4.2.2.1. Fabrication
- 4.2.2.1.1. Silicon Wafers
- 4.2.2.1.2. Electronic gases
- 4.2.2.1.3. Photomasks
- 4.2.2.1.4. Photoresist ancillaries
- 4.2.2.1.5. CMP Materials
- 4.2.2.1.6. Photoresists
- 4.2.2.1.7. Wet chemicals
- 4.2.2.1.8. Others
- 4.2.2.2. Packaging
- 4.2.2.2.1. Leadframes
- 4.2.2.2.2. Organic Substrates
- 4.2.2.2.3. Ceramic Packages
- 4.2.2.2.4. Encapsulation Resins
- 4.2.2.2.5. Bonding Wires
- 4.2.2.2.6. Die-Attach Materials
- 4.2.2.2.7. Others
- 4.2.3. By End User
- 4.2.3.1. Consumer Electronics
- 4.2.3.2. Manufacturing
- 4.2.3.3. Automotive
- 4.2.3.4. Energy and Utility
- 4.2.3.5. Others
- 4.2.4. By Region
- 4.2.4.1. North India
- 4.2.4.2. South India
- 4.2.4.3. East India
- 4.2.4.4. West India
- 5. North India Semiconductor Materials Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Material
- 5.2.2. By Application
- 5.2.3. By End User
- 6. South India Semiconductor Materials Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Material
- 6.2.2. By Application
- 6.2.3. By End User
- 7. East India Semiconductor Materials Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Material
- 7.2.2. By Application
- 7.2.3. By End User
- 8. West India Semiconductor Materials Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Material
- 8.2.2. By Application
- 8.2.3. By End User
- 9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. India Semiconductor Materials Company Market Share Analysis, 2022
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 10. Impact of Covid-19 on India Semiconductor Materials Market
- 11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 11.1. Reliance Industries Limited
- 11.2. Tata Chemicals Limited
- 11.3. Wacker Metroark Chemicals Pvt. Ltd.
- 11.4. Sumitomo Chemical India Pvt. Ltd.
- 11.5. Merck India Pvt. Ltd.
- 11.6. JSR Corporation India Pvt. Ltd.
- 11.7. Dow India
- 11.8. Shin-Etsu Chemicals India Pvt. Ltd.
- 11.9. Entegris India Pvt. Ltd.
- 11.10. Huntsman International (India) Pvt. Ltd.
- 11.11. Other Prominent Players
- 12. Key Strategic Recommendations
- 13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
- 13.2. Quantitative Research
- 13.3.Market Breakdown & Data Triangulation
- 13.3.1.Secondary Research
- 13.3.2.Primary Research
- 13.4.Breakdown of Primary Research Respondents, By Region
- 13.5.Assumptions & Limitations
- *Financial information of case of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
- List of Figures
- Figure 1 India Semiconductor Materials Segmentation
- Figure 2 India Semiconductor Materials Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Semiconductor Materials Market Size, By Value (USD Million), 2019-2029
- Figure 5 India Semiconductor Materials Market Share, By Material, By Value, 2019-2029
- Figure 6 India Semiconductor Materials Market Share, By Application, By Value, 2019-2029
- Figure 7 India Semiconductor Materials Market Share, By End User, By Value, 2019-2029
- Figure 9 North India Semiconductor Materials Market Size, By Value (USD Million), 2019-2029
- Figure 10 North India Semiconductor Materials Market Share, By Material, By Value, 2019-2029
- Figure 11 North India Semiconductor Materials Market Share, By Application, By Value, 2019-2029
- Figure 12 North India Semiconductor Materials Market Share, By End User, By Value, 2019-2029
- Figure 13 South India Semiconductor Materials Market Size, By Value (USD Million), 2019-2029
- Figure 14 South India Semiconductor Materials Market Share, By Material, By Value, 2019-2029
- Figure 15 South India Semiconductor Materials Market Share, By Application, By Value, 2019-2029
- Figure 16 South India Semiconductor Materials Market Share, By End User, By Value, 2019-2029
- Figure 17 East India Semiconductor Materials Market Size, By Value (USD Million), 2019-2029
- Figure 18 East India Semiconductor Materials Market Share, By Material, By Value, 2019-2029
- Figure 19 East India Semiconductor Materials Market Share, By Application, By Value, 2019-2029
- Figure 20 East India Semiconductor Materials Market Share, By End User, By Value, 2019-2029
- Figure 21 West India Semiconductor Materials Market Size, By Value (USD Million), 2019-2029
- Figure 22 West India Semiconductor Materials Market Share, By Material, By Value, 2019-2029
- Figure 23 West India Semiconductor Materials Market Share, By Application, By Value, 2019-2029
- Figure 24 West India Semiconductor Materials Market Share, By End User, By Value, 2019-2029
- List of Tables
- Table 1 India Semiconductor Materials Segmentation
- Table 2 India Semiconductor Materials Market Value Chain Analysis
- Table 3 Company Market Share Analysis, 2022
- Table 4 India Semiconductor Materials Market Size, By Value (USD Million), 2019-2029
- Table 5 India Semiconductor Materials Market Share, By Material, By Value, 2019-2029
- Table 6 India Semiconductor Materials Market Share, By Application, By Value, 2019-2029
- Table 7 India Semiconductor Materials Market Share, By End User, By Value, 2019-2029
- Table 9 North India Semiconductor Materials Market Size, By Value (USD Million), 2019-2029
- Table 10 North India Semiconductor Materials Market Share, By Material, By Value, 2019-2029
- Table 11 North India Semiconductor Materials Market Share, By Application, By Value, 2019-2029
- Table 12 North India Semiconductor Materials Market Share, By End User, By Value, 2019-2029
- Table 13 South India Semiconductor Materials Market Size, By Value (USD Million), 2019-2029
- Table 14 South India Semiconductor Materials Market Share, By Material, By Value, 2019-2029
- Table 15 South India Semiconductor Materials Market Share, By Application, By Value, 2019-2029
- Table 16 South India Semiconductor Materials Market Share, By End User, By Value, 2019-2029
- Table 17 East India Semiconductor Materials Market Size, By Value (USD Million), 2019-2029
- Table 18 East India Semiconductor Materials Market Share, By Material, By Value, 2019-2029
- Table 19 East India Semiconductor Materials Market Share, By Application, By Value, 2019-2029
- Table 20 East India Semiconductor Materials Market Share, By End User, By Value, 2019-2029
- Table 21 West India Semiconductor Materials Market Size, By Value (USD Million), 2019-2029
- Table 22 West India Semiconductor Materials Market Share, By Material, By Value, 2019-2029
- Table23West Semiconductor Materials Market Share, By Application, By Value, 2019-2029
- Table24 West India Semiconductor Materials Market Share, By End User, By Value, 2019-2029
- Table 25 Reliance Industries Limited Company Overview
- Table 26 Reliance Industries Limited Financial Overview
- Table 27 Tata Chemicals Limited Company Overview
- Table 28 Tata Chemicals Limited Financial Overview
- Table 29 Wacker Metroark Chemicals Pvt. Ltd. Company Overview
- Table 30 Wacker Metroark Chemicals Pvt. Ltd. Financial Overview
- Table 31 Sumitomo Chemical India Pvt. Ltd. Company Overview
- Table 32 Sumitomo Chemical India Pvt. Ltd. Financial Overview
- Table 33 Merck India Pvt. Ltd. Company Overview
- Table 34 Merck India Pvt. Ltd. Financial Overview
- Table 35 JSR Corporation India Pvt. Ltd. Company Overview
- Table 36 JSR Corporation India Pvt. Ltd. Financial Overview
- Table 37 Dow India Company Overview
- Table 38 Dow India Financial Overview
- Table 39 Shin-Etsu Chemicals India Pvt. Ltd. Company Overview
- Table 40 Shin-Etsu Chemicals India Pvt. Ltd. Financial Overview
- Table 41 Entegris India Pvt. Ltd. Company Overview
- Table 42 Entegris India Pvt. Ltd. Financial Overview
- Table 43 Huntsman International (India) Pvt. Ltd. Company Overview
- Table 44 Huntsman International (India) Pvt. Ltd. Financial Overview
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