Select City

    India’s Chip Component Market To Grow To $300 Billion: Reports

    Share:facebookinstagramwhatsapp
    By Varushi Yadav | 
    Updated: 19th Aug 2022 21:34 IST

    Table Of Contents

    • 1
      India’s Chip Component Market To Grow To $300: All You Need To Know

    Highlights of the Story

    • Mobile and wearables, IT and industrial segments currently contribute around 80% of the semiconductor revenues in India.
    • ‘Make in India’ and Production Linked Incentive schemes will boost local sourcing of semi-components in the coming years.
    • Further policy reforms and building of a semiconductor ecosystem will reduce reliance on imports going forward.

    Listen to this article

    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.

    Also Read: Airtel To Offer Free Amazon Prime Subscription With These Plans!

    India’s Chip Component Market To Grow To $300: All You Need To Know

    India's Chip Component Market To Grow To $300

    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.

    Also Read: Bumble Extends Its Range: New ‘Travel With Me’ Badge Introduced!

    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.

    Also Read: WhatsApp Is Working On A New Feature To Enhance Group Security



    Comments

    Featured Videos

    • Moto Edge 30 Pro Vs iQOO 9T Comparison: Which One To Buy?
      The year 2022 is known as the year of the launch of many flagship smartphones. However, there is quite a decent competition between the phones in the price segment of Rs 50,000, and even there are too many options to choose from. Here in this article, we’ll compare the Moto Edge 30 Pro Vs IQOO…
      6th Oct 2022
    • iQOO 9T Vs OnePlus 9RT Full Comparison: Which One To Buy?
      We will discuss the iQOO 9T Vs OnePlus 9RT comparison in the article. Both phones come with the same price tag. In addition, both of these phones come with impressive specs and features. However, there exist some significant differences too. To know these differences, let’s explore the article and know which one to choose among the iQOO 9T &…
      27th Sep 2022
    • Vivo V25 Pro Vs Oppo Reno8 FAQs Comparison
      Today, we’ll talk about the Vivo V25 Pro Vs Oppo Reno8 and discuss some frequently asked questions. Both of these phones are excellent performers as well as competitors in the range of Rs 30,000 to 40,000. Moreover, both phones are camera-centric and have the same processor. However, the price difference between the two is around Rs 10,000.  Let’s explore…
      26th Sep 2022
    • How To Buy Apple iPhone 12 At 29,999 in India?
      Are you planning to buy Apple iPhone 12 in India on Amazon and Flipkart Sale? Then, you should read this article to learn the best deals on how to buy Apple iPhone 12. It’s September 2022, and it’s the best time to buy Apple iPhone 12 in India. Furthermore, the sale on both platforms will…
      22nd Sep 2022
    • How To Buy iPhone 13 At 34,999 In India?
      Are you looking forward to buy Apple iPhone 13 this time of year as well, like us? Yes, everyone in India is delighted, but not because of the holidays or the fact that they get time off from work. But because the Amazon Great India Festival Sale and the Flipkart Big Billion Days sale will…
      22nd Sep 2022

    You May Also Read

    Micromax Mobile Price List
    Micromax Mobile Price List
    Micromax is one of the oldest Indian smartphone brands which is now struggling with gloomy sales, mostly due to a lack of modern features and poor marketing. However, the brand does offer a decent price to performance ratio along with decent internals and acceptable modern hardware. Micromax smartphone line-up is definitely vast with the company…

    New Launches

    Google Pixel 7 Pro
    Google Pixel 7 Pro
    Starting from:
    ₹84,999
    Samsung Galaxy A04s
    Samsung Galaxy A04s
    Starting from:
    ₹15,990
    Motorola Moto G72
    Motorola Moto G72
    Starting from:
    ₹18,999
    Motorola Moto E32
    Motorola Moto E32
    Starting from:
    ₹10,499
    Google Pixel 7
    Google Pixel 7
    Starting from:
    ₹59,999
    Nokia G11 Plus
    Nokia G11 Plus
    Starting from:
    ₹12,499