According to TechSci Research report, “India Integrated Circuits Market –Industry Size, Share, Trends, Competition, Opportunity, and Forecast, FY2018-FY2028F” The India Integrated Circuits Market is poised to grow at a remarkable CAGR of 12.36% during the forecast period, driven by trends such as the widespread adoption of 5G connectivity, advanced driver assistance systems (ADAS) in automotive vehicles, cloud computing, and IoT-based devices. Download Sample Report@ https://www.techsciresearch.com/sample-report.aspx?cid=10688 This growth is underpinned by increasing penetration of the Internet of Things (IoT) and electronic devices like mobiles, laptops, and computers, which escalate the demand for integrated circuit chips. Browse over 20 market data Figures spread through 70 Pages and an in-depth TOC on "India Integrated Circuit Market" Significant research and development efforts, particularly in advanced driver assistance systems by major automotive players, are fueling demand for integrated circuits. The expanding IoT ecosystem is also boosting requirements for analog ICs, digital ICs, and microcontroller sensors in automated equipment and IoT devices. For instance, advancements in automotive infotainment systems and precise GPS tracking are driving sales of automotive microcontrollers (MCUs). Moreover, the surge in electric vehicle (EV) sales, driven by fluctuating fuel prices and government subsidies, presents new growth opportunities for the market. Furthermore, IC manufacturers are targeting emerging economies, leveraging the global trend towards smartphones. This strategic approach is expected to drive market expansion. The increasing deployment of 5G services is anticipated to further bolster industry growth. The India Integrated Circuits Market is segmented by Product Type (Memory, Logic, Micro, Analog), Application Type (Data Processing, Communication, Industrial Electronics, Automotive, Consumer Electronics), and Region (South, West, North, East). The Memory segment, with its ability to handle data storage and retrieval efficiently, dominated the market with over 43.47% market share in FY2022. Key market players in the India Integrated Circuits Market include:
- Samsung India Electronics Pvt. Ltd
- Intel Technology India Pvt. Ltd. (India)
- Qualcomm India Private Limited (India)
- Taiwan Semiconductor Manufacturing Co.
- Texas Instruments India Pvt. Ltd. (India)
- Toshiba Electronic Devices & Storage Corporation
- AMI Semiconductor
- ASM Technologies
- Micron Technology inc.
- Broadcom Inc.