The “India Semiconductor Business Report, 2019-2026,” a joint effort between the India Electronics & Semiconductor Association (IESA) and Counterpoint Research, forecasts that the India’s Chip Component sector will earn $300 billion in total revenues between 2021 and 2026. The leading trade association in India for the ESDM and intelligent electronics industries is IESA. As a dependable knowledge partner for the federal and state governments, it aids in the creation of regulations and monetary incentives to encourage foreign direct investment in India.
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India’s Chip Component Market To Grow To $300: All You Need To Know
The in-depth study of the Indian semiconductor market concentrates on the bottom-up modelling unit as well as revenue demand for semiconductor components covering the entire Bill of Materials (BoM) of numerous end-device and equipment categories across seven major Indian industries: mobile and wearables, information technology, automotive, industrial, telecom, aerospace and defence, and consumer electronics.
This study looks at both domestic consumption and exports from these industries. The paper offers thorough guidelines, potential regulations, and a framework for creating a strong domestic semiconductor ecosystem that will increase domestic manufacturing and sourcing.
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India is anticipated to surpass the United States as the second-largest market in the world, taking into account scale and the growing need for semiconductor components across multiple industries and applications.
Consumers, businesses, and the public sector in the country are embracing new technologies at an ever-increasing rate, from improved connection to content consumption to the cloud. Wearable technology, wearable computers, cloud data centres, Industry 4.0 applications, the Internet of Things, and smart mobility are a few of them.
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