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Automotive Semiconductor Market in India 2024-2028

Publisher Netscribes (India) Pvt. Ltd.
Published Jan 02, 2024
Length 54 Pages
SKU # NBS18620798

Description

Automotive Semiconductor Market in India 2024-2028


Market overview:

The surge in automobile numbers in India is driving the demand for semiconductor technology related to the automotive industry. Apart from the demand, the presence of a strong electronics system design manufacturing (ESDM) industry in India also contributes to market growth.

The demand for high-efficiency power semiconductors and the development of compact single-chip solutions for radar sensors are also predicted to contribute significantly to the overall growth.

As of 2023, India was lagging in the domestic production of semiconductor chips, especially advanced chips that are used in various electronics, including automobiles and smartphones. At present, India heavily imports a considerable portion of its semiconductor requirements from countries such as Taiwan, South Korea, and China. The Indian government acknowledges the importance of semiconductors and is helping Indian companies to compete on a global scale with established players through various measures to promote domestic manufacturing.

Market driver:

The rise in demand for consumer electronics and the widespread adoption of IoT devices such as smart home appliances, wearables, and connected cars in India contribute to the expansion of the semiconductor industry.

Government initiatives such as the Design Linked Incentive (DLI), Chips to Startup (C2S), and Scheme for Promotion of Electronic Components and Semiconductors (SPECS) actively promote the growth of the semiconductor market in India.

The growing semiconductor industry in India is significantly driving product innovation, enhancement, and fulfillment of the demand for chips used in the automotive sector.

Key trend:

India, though not an early adopter, is increasingly exploring connected vehicle technologies. The semiconductor industry's advancements in this domain will greatly contribute to the future of the Indian automotive industry.

India’s semiconductor growth is driving the integration of advanced infotainment systems, connecting vehicles to the digital world, enhancing passenger experiences, and creating opportunities for in-car services. Additionally, the rollout of 5G networks will further integrate vehicles into the digital landscape, which will create demand for advanced chips for data communication and transfer.

Table of Contents

54 Pages
Chapter 1: Executive Summary
Chapter 2: Socio-Economic Indicators
Chapter 3: Introduction
3.1. Market definition and structure
Chapter 4: Automotive Semiconductor Market in India – An Overview
4.1. India automotive semiconductor market size and growth forecast (2022 – 2028e)
4.2 Porter’s Five Forces Model
Chapter 5: Market Segmentation
5.1. India automotive market segmentation – based on vehicle type
5.1.1. Passenger vehicle – market size and growth forecast (2021 – 2028e)
5.1.2. Heavy commercial vehicle – market size and growth forecast (2021 – 2028e)
5.1.3. Low commercial vehicle – market size and growth forecast (2021 – 2028e)
Chapter 6: Favourable Market Initiatives
6.1. Favourable market initiatives
Chapter 7: Market Influencers
7.1. Market drivers
7.2. Market challenges
Chapter 8: Market Trends
8.1. Key market trends
Chapter 9: Competitive Landscape
9.1 IdeaForge Technology Limited
Company information
Business description
Products/Services
Key people
Financial snapshot
Key business segments
Key geographical segments
Note: Financial and market segment information covered only for public companies
9.2. MosChip Technologies Limited
9.3. RIR Power Electronics Limited
9.4. Tata Elxsi
9.5. Chiplogic Technologies
9.6. eInfochips Inc.
9.7. NXP Semiconductors
9.8. Micron Technology
9.9. Qualcomm India Private Limited
Chapter 10: Recent Developments
10.1. Recent developments
Chapter 11: Appendix
11.1. Research methodology
11.2. About Netscribes
11.3. Disclaimer

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