India Semiconductor Market Size | 2019-2032

India Semiconductor Market Growth and Performance

• 2023 saw the India semiconductor market size rose to US$ 37.91 Billion, marking a -7.1% YoY growth.
• DataCube Research foresees, the semiconductor market in India is set to make significant strides on the global stage, with projected revenue reaching US$ 122.34 Billion by 2032. Moreover, our analysis indicates a promising trajectory, an anticipated CAGR of 12.8% from 2024 to 2032.
• Within the Indian semiconductor market, our research highlights the dominance of the memory segment, which claimed the largest market share of 26.6% 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 artificial intelligence sector to emerge as a key driver of growth, expanding with a fastest CAGR of 16.9% during the forecast period spanning 2024 to 2032.

India Semiconductor Market Scope