Based on the product type, application type, region and company, the India Integrated Circuit(IC) markets analysis projects a revenue forecast of USD28778.00 million by FY2028. North, south, east and west India is considered with major companies profiled, like Samsung India Electronics, Intel Technology, Qualcomm India, etc.
In terms of region, the south India IC market stood at USD5847.36 million, this year while the north India IC Market stood at USD3529.41 million during the forecast period.
With the rise in EVs, the demand for ICs would increase thus resulting in a price decline for ICs. IoT’s emergence and companies reliance’ on this technology would further accelerate the growth of the India Integrated Circuit Market. ICs are also widely used in consumer electronics, healthcare and automation.
An IC is a small chip made up of thousands and hundreds of electrical components such as resistors, capacitors, and transistors.