India’s Semiconductor Industry was valued at USD ~XX billion in FY2022, growing at a CAGR of XX% in between 2017 and 2022. The year 2020 & 2021 witnessed severe impact of COVID-19 on Indian economy and almost all industries including the semiconductor manufacturing industry.
Competitive Landscape In Semiconductor Industry, 2022
The Indian semiconductor manufacturing market is consolidated with multiple international players capturing the total manufacturing market making it an 100% import driven market for semiconductor manufacturing in India.
There are many different semiconductor companies on a global basis, including both integrated device manufacturers (“IDMs”) as well as fabless companies. Nearly all of them invest extensively in research and development, manufacturing, sales and marketing capabilities across a broad spectrum of product lines.
Globally, there are ~XX brands of semiconductors, XX design companies and XX fabs to manufacture, out of which ~XX fabs carry out XX% of the task. The main player being TSMC (Taiwan Semiconductor Manufacturing Company). Currently, most of the manufacturing processes are carried out in China and Taiwan. Most of the big players of the industry carry out the design process in India.
First, the IC (integrated circuit) gets designed in computer and then goes to fab for manufacturing and then it is sent for packaging. After packaging, it goes to a distribution hub and then to the end equipment market, wherever they are located. So, design is basically the first step where maximum value is created.
Future Outlook Of Semiconductor Manufacturing Industry, 2023e-2027e
The market size of the semiconductor manufacturing industry is expected to grow at a five-year CAGR of XX% increasing from USD XX billion in 2023F to USD XX billion in 2027F. With the growing demand by end user industries such as industrial machinery, automobiles, telecommunication equipment, office automation, among others for computing purposes is expected to accelerate the growth of the semiconductor market in the coming years.
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Market Definitions and Assumptions:
India’s Semiconductor Industry industry Growth has been defined as the aggregate of companies engaged in the design and fabrication of semiconductors and semiconductor devices, such as transistors and integrated circuits/ microchips/SOC.
Semiconductor is a material product usually comprised of silicon, which conducts electricity more than an insulator, such as glass, but less than a pure conductor, such as copper or aluminum. It is designed to meet the specific needs of the electronic component in which it resides.
Semiconductor Design is a process of designing a chip and is an essential part of electronics engineering. This process of chip design involves the knowledge of circuit design and its logic formation. All chips are made using basic elements which are known as transistors. Chips are manufactured or fabricated after the design is finalized.
A wafer is a piece of silicon or other semiconductor material, designed in the form of a very thin disc. Wafers are used to create electronic integrated circuits (ICs) and silicon-based photovoltaic cells. In these designs, the wafer serves as the substrate. Engineers use processes such as doping, implantation and etching to complete the build of the integrated circuit.
An integrated circuit (IC) is a small semiconductor-based electronic device consisting of fabricated transistors, resistors and capacitors. Integrated circuits are the building blocks of most electronic devices and equipment. An integrated circuit is also known as a chip or microchip.
Semiconductor Intellectual Property is a reusable unit of logic, cell, or chip layout design and is also the intellectual property of one party. IP cores may be licensed to another party or can also be owned and used by a single party alone. IPs are of two types. One is the processed IP and second is the IP sitting on the IC designs.
SoC (system-on-a-chip) is a microchip with all the necessary electronic circuits and parts for a given system, such as a smartphone or wearable computer, on a single integrated circuit (IC).
Market Sizing Approach:
Identification: Exhaustive research done to identify the list of semiconductor manufacturing companies and design centers which have presence in semiconductor manufacturing industry on India.
Secondary and Primary Research: Exhaustive secondary research done on the semiconductor manufacturing industry. Gathered information on the semiconductor manufacturing industry from several industry articles, company websites, blogs, industry reports. Conducted interviews with the management of the semiconductor manufacturing companies (Managing Partner, C-level executives, Business Development head, Category Manager, Operations Manager & others).
Validation: To validate the data points gathered from the interviews, our team then did mystery calling to the manufacturing companies dealing in the semiconductor manufacturing industry in India. The team also tried to understand their operating and financial indicators including revenue, business models, geographical presence, focus areas, business verticals, and services offered among others.
Limitations and Future Conclusion:
The operating and financial performance for each player has been compiled by reaching out to the executives of each company. It can be the case that the executives might be bullish overstate the numbers provided. However, to avoid this limitation we have cross checked and revalidated the data from other sources.
India Semiconductor Market Growth Rate is estimated on the basis of the socio-economic scenarios in the future and current growth rate, which is validated through interviews with industry experts; who are also employees of these companies and their estimate may not be exact and they may be bullish with the numbers.
The sampling technique has limitation to extrapolate the market hypothesis. Ken Research has used sufficient strata for sample to reduce the significance level in the model. The significance level should not be more than 5-10%.
The conclusion regarding the expected value of Semiconductor Manufacturing Industry is determined by using weighted average of the output of subjective judgment, primary research and opinions polls. The weighted average method enables us to filter out the possible noise in each computation method and helps us to derive the best possible future projections.
Key Segments Covered in Indian Semiconductor Market
By Type of Semiconductors
By Type of Design
Electronic Design Automation
By Type of Application
By Type of Distribution Channels
By Type of Distributors
Time Period Captured in the Report:
Historical Period: FY 2017-2022
Forecast Period: FY 2023F-2027F
Semiconductor Industry Players
For more information on the research report, refer to the below link:
Ankur Gupta, Head Marketing & Communications