The India silicon wafer market size reached USD 1.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 1.6 Billion by 2033, exhibiting a growth rate (CAGR) of 3.2% during 2025-2033. The increasing demand for semiconductors, government incentives, expansion of electronics manufacturing, 5G and IoT adoption, electric vehicle production, and rising R&D investments in nanotechnology, photovoltaics, and microelectronics across academic and industrial institutions are some of the factors propelling the growth of the market.
Report Attribute
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Key Statistics
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Base Year
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2024 |
Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024 | USD 1.1 Billion |
Market Forecast in 2033 | USD 1.6 Billion |
Market Growth Rate 2025-2033 | 3.2% |
Rising Domestic Investment in Silicon Wafer Fabrication
India is experiencing strong movement toward local silicon carbide wafer manufacturing to support the expanding electric mobility and renewable power sectors. New fabrication units are emerging through strategic alliances with global players, backed by state-level support. These facilities are being developed in emerging industrial regions and are aiming for significant output scaling within a short period. The focus is shifting from import dependence to building advanced domestic manufacturing capabilities. The rise of private players in this space also highlights the growing interest in specialized semiconductor infrastructure. With the growing demand for energy-efficient components, local production is expected to play a critical role in meeting industry needs while enhancing India’s position in the global semiconductor value chain. For example, in January 2025, Indichip Semiconductors, in partnership with Japan’s Yitoa Micro Technology, signed an INR 14,000 Crore deal with Andhra Pradesh to establish India’s first private silicon carbide wafer fab in Kurnool. Starting at 10,000 wafers/month, the plant would scale to 50,000 within three years, supporting the EV and renewable energy sectors.
Strengthening Front-End Semiconductor Fabrication
India is advancing in front-end semiconductor manufacturing with large-scale investments focused on high-capacity wafer fabrication. Backed by government incentives and international technology partnerships, new projects are targeting global demand across automotive, artificial intelligence, computing, and telecommunications. Strategic locations like Gujarat are emerging as key hubs, supported by robust infrastructure and policy frameworks. These developments are not only accelerating local chip production but also creating extensive skilled employment opportunities nationwide. With a substantial monthly output planned, the facilities are designed to integrate cutting-edge process nodes and meet global quality standards. The increasing focus on developing full-stack semiconductor capabilities reflects the broader push to establish India as a competitive and reliable supplier in the global electronics manufacturing ecosystem. For instance, in September 2024, Tata Electronics signed an agreement with the India Semiconductor Mission to set up a semiconductor plant in Dholera, Gujarat, investing INR 910 Billion. The project planned a 50,000 wafers/month capacity and received 50% central funding. Partnering with Powerchip, it aimed to serve global automotive, AI, computing, and communication sectors and generated over 20,000 skilled jobs across India.
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region/country level for 2025-2033. Our report has categorized the market based on wafer size, type, application, and end use.
Wafer Size Insights:
The report has provided a detailed breakup and analysis of the market based on the wafer size. This includes 0-100 mm, 100-200 mm, 200-300 mm, and above 300 mm.
Type Insights:
A detailed breakup and analysis of the market based on the type have also been provided in the report. This includes N-type and P-type.
Application Insights:
The report has provided a detailed breakup and analysis of the market based on the application. This includes solar cells, integrated circuit, photoelectric cells, and others.
End Use Insights:
A detailed breakup and analysis of the market based on the end use have also been provided in the report. This includes consumer electronics, automotive, industrial, telecommunication, and others.
Regional Insights:
The report has also provided a comprehensive analysis of all the major regional markets, which include North India, South India, East India, and West India.
The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Scope of the Report |
Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment:
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Wafer Sizes Covered | 0-100 mm, 100-200 mm, 200-300 mm, Above 300 mm |
Types Covered | N-Type, P-Type |
Applications Covered | Solar Cells, Integrated Circuit, Photoelectric Cells, Others |
End Uses Covered | Consumer Electronics, Automotive, Industrial, Telecommunication, Others |
Regions Covered | North India, South India, East India, West India |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |