India AI Chips Market Size | 2019-2032

India Artificial Intelligence (AI) Chips Market Growth and Performance

Key Takeaways:

• 2023 saw the India AI chips market size rose to US$ 1.24 Billion, marking a 22.4% YoY growth.
• DataCube Research foresees, the AI chips market in India is set to make significant strides on the global stage, with projected revenue reaching US$ 6.80 Billion by 2032. Moreover, our analysis indicates a promising trajectory, an anticipated CAGR of 19.9% from 2024 to 2032.
• Within the Indian AI chips market, our research highlights the dominance of the ai memory chips market segment, which claimed the largest market share of 29.6% in 2023. This underscores the segment's robust position and potential for continued growth.
• In our projections, we also pay close attention to end user dynamics. We anticipate the automotive sector to emerge as a key driver of growth, expanding with a fastest CAGR of 23.2% during the forecast period spanning 2024 to 2032.

India AI Chips Market Scope