India Semiconductor Materials Market to Reach US$ 7.8 Billion by 2032, Catalyzed by Increasing Applications Across the Electronics Industry

July 26, 2022 | Chemical & Materials

The latest report by IMARC Group, titled “India Semiconductor Materials Market Report by Material (Silicon Carbide, Gallium Manganese Arsenide, Copper Indium Gallium Selenide, Molybdenum Disulfide, Bismuth Telluride), Application (Fabrication, Packaging), End Use Industry (Consumer Electronics, Manufacturing, Automotive, Energy and Utility, and Others), and Region 2024-2032,” finds that the India semiconductor materials market size reached US$ 4.8 Billion in 2023. Semiconductor materials refer to crystalline solids that demonstrate neither the properties of a conductor nor an insulator. However, they can conduct electricity when exposed to heat, light, or voltage during the doping process. They are usually divided into two categories, namely, N-type and P-type materials. While the N-type semiconductors have excess electrons, the P-type materials have a higher positive charge. They show variable resistance, pass current easily in one direction, and exhibit distinct properties such as wide temperature limits, high electron mobility, and low energy consumption. As a result, semiconductor materials are widely used across the country to manufacture various electronic components, including integrated circuits, transistors, microprocessors, and diodes.

India Semiconductor Materials Market Trends:

In India, the increasing applications of semiconductor materials across the electronics industry represent the primary factor driving the market growth. For instance, there has been a growing usage of semiconductor materials in appliances, including air conditioners, televisions, rice cookers, washing machines, refrigerators, and intelligent lighting. Additionally, semiconductor materials have gained traction in manufacturing processors and sensors due to their cost-effectiveness, power efficiency, and compact size. Furthermore, the escalating demand for car-mounted sensor systems, such as the Advanced Driver Assistance Systems (ADAS), to enhance the driving experience has accelerated the product adoption rate across the country. Besides this, the rising penetration of the internet of things (IoT)-enabled smart devices and the surging popularity of compact consumer electronics, such as smartphones, laptops, and smartwatches, have catalyzed the market growth. Moreover, several leading manufacturers are using materials, such as silicon (Si), germanium (Ge), and gallium arsenide (GaAs), to replace traditional thermionic devices that make electronic items heavy and non-portable. This has further facilitated the miniaturization of devices, which is another major growth-inducing factor. Other factors, including the increasing penetration of automation and wireless technologies, rising adoption of semiconductor packaging, favorable government initiatives, rapid digitization, product innovations, and technological advancements, are also providing a positive thrust to the market growth. Looking forward, IMARC Group expects the market value to reach US$ 7.8 Billion by 2032, expanding at a CAGR of 5.5% during 2024-2032.

Market Summary:

  • Based on the material, the market has been divided into silicon carbide, gallium manganese arsenide, copper indium gallium selenide, molybdenum disulfide, and bismuth telluride. 
  • On the basis of the application, the market has been bifurcated into fabrication (silicon wafers, electronic gases, photomasks, photoresist ancillaries, CMP materials, photoresists, wet chemicals, and others) and packaging (leadframes, organic substrates, ceramic packages, encapsulation resins, bonding wires, die-attach materials, and others). 
  • The market has been classified based on the end use industry into consumer electronics, manufacturing, automotive, energy and utility, and others. 
  • Region-wise, the market has been segmented into North India, West and Central India, South India, and East India. 
  • The competitive landscape of the market has also been examined, along with detailed profiles of the key players operating in the industry.

Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Material, Application, End Use Industry, Region
Region Covered North India, West and Central India, South India, East India
Customization Scope 10% Free Customization
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Five User License: US$ 3699
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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)

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India Semiconductor Materials Market to Reach US$ 7.8 Billion by 2032, Catalyzed by Increasing Applications Across the Electronics Industry
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