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The India semiconductor materials market is currently witnessing moderate growth. Semiconductor materials are crystalline solids that have a conductivity range between conductors and insulators. These materials can conduct electricity only when they are exposed to heat or light during the doping process. On account of their distinct features, such as wide temperature limits, high electron mobility and low energy consumption, semiconductor materials are extensively used in India to manufacture various electronic components.
The increasing applications of semiconductor materials in various end use industries represent one of the key factors strengthening the growth of the market in India. Apart from this, the Government of India is taking numerous initiatives to encourage the adoption of semiconductor materials. For instance, in the Union Budget 2017-2018, the Government increased the allocation for incentive schemes, such as the Electronic Development Fund (EDF) and the Modified Special Incentive Package Scheme (M-SIPS), to INR 745 Crore for boosting the industry growth. However, the sudden outbreak of the coronavirus disease (COVID-19) has resulted in the implementation of lockdown restrictions across the country, thereby hampering the supply chain of the semiconductor materials market. This has negatively affected the overall market growth, but it is anticipated to recover with the introduction of lockdown relaxations. Looking forward, the market is expected to continue its moderate growth during the forecast period (2021-2026).
IMARC Group provides an analysis of the key trends in each sub-segment of the India semiconductor materials market report, along with forecasts for growth at the region level from 2021-2026. Our report has categorized the market based on region, material, application and end use industry.
Breakup by Material:
Breakup by Application:
Breakup by End Use Industry:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
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