BRICS Semiconductor Market Size and Forecast by Product Type, Node Type, Application, Distribution Channel, and Country: 2019-2032

BRICS Semiconductor Market Growth and Performance

• The BRICS semiconductor market size accounted for US$ 89.50 Billion in 2023.
• By the end of 2032, the BRICS semiconductor market is on track to achieve US$ 208.68 Billion, with a forecasted Compound Annual Growth Rate (CAGR) of 9.4% throughout the forecast period.

BRICS Semiconductor Market Outlook

The BRICS semiconductor market, encompassing Brazil, Russia, India, China, and South Africa, is rapidly emerging as a formidable force in the global industry. With each nation pursuing its own strategies and investments, the BRICS countries are collectively enhancing their semiconductor capabilities, contributing to a diversified and competitive global market. These nations are leveraging government initiatives, foreign investments, and increasing domestic demand to build a resilient and self-reliant semiconductor ecosystem. The BRICS semiconductor market outlook is promising, with robust government policies, strategic investments, and global collaborations enhancing the sector’s prospects. Brazil's Brasil Semicon program aims to strengthen local production and streamline regulations; Russia is advancing semiconductor technology with ambitious chip production targets; India’s semiconductor strategy includes strong US partnerships; China is striving for 75% semiconductor self-sufficiency by 2025; and South Africa is poised to become a key player through manufacturing and innovation investments.

BRICS Semiconductor Market Growth

The BRICS semiconductor market growth is driven by government policies, foreign investments, and rising local demand. Brazil's Brazil Semiconductor Plan (PL13/2020) is set to attract 30 billion reais (~$6 billion USD) in the next decade; Russia is investing ?3.19 trillion ($38.43 billion) to boost its semiconductor sector by 2030; India’s Semiconductor Mission has approved ?76,000 crore (US$9.1 billion) for manufacturing initiatives; China is working towards 70% semiconductor self-sufficiency by 2025 with its $47.5 billion 'Big Fund'; and South Africa is capitalizing on its silicon resources to enhance its semiconductor industry.

BRICS Semiconductor Market Trends

Key BRICS semiconductor market trends include Brazil's shift towards IC design and advanced packaging; Russia’s localization and reverse engineering initiatives; India’s focus on 'chip manufacturing-as-a-service' and strategic tech partnerships; China's advancements in AI processors, 5G chips, and self-reliance efforts; and South Africa's strategy to harness its rich silicon resources, boost exports, and form strategic partnerships to build local capabilities.

BRICS Semiconductor Market Competitive Landscape

The BRICS semiconductor market competitive landscape is dynamic, with domestic and international players expanding their influence. Brazil is led by Smart Modular Technologies and HT Micron in memory modules and advanced packaging; Russia’s MCST and Baikal Electronics are driving local manufacturing; India is gaining traction with investments from Tata-PSMC and Lam Research; China’s SMIC focuses on mature-node chips and strategic partnerships; and South Africa is exploring growth opportunities through innovative strategies and regional collaborations.

BRICS Semiconductor Market Development

The BRICS semiconductor market development is marked by strategic initiatives like Brazil’s long-term tax incentives under Padis until 2073; Russia’s focus on advanced semiconductor technologies; India’s debut with the first Made-in-India chip and strategic TRUST initiative with the US; China’s substantial $47.5 billion investment in talent development and reverse engineering; and South Africa’s manufacturing hubs, regional cooperation, and sustainability-focused initiatives to strengthen its semiconductor ecosystem.

BRICS Semiconductor Market Scope

BRICS Semiconductor Industry: Regional Coverage