By 2026, the semiconductor components market is expected to hit $300 billion

Semiconductor Components Market Size

According to the study, the Indian semiconductor components market was valued $119 billion in 2021 and is predicted to expand at a CAGR of 19% between the forecast years 2021 and 2026.

‘Make in India’ and production-linked incentive (PLI) initiatives would promote local sourcing of semi-components, driving the Indian semiconductor component market to $300 billion in cumulative revenues by 2026, according to a new analysis.

Semiconductor Components Market Overview

Materials with a specific band gap, determined by the properties of the material, are used to create semiconductor components. Semiconductor materials include, but are not limited to, silicon, silicon carbide (SiC), germanium, gallium arsenide (GaAs), and gallium nitride (GaN). The semiconductor components and packaged devices make use of the unique properties of these materials.

Used in highly doped components, this allows for fine regulation of p- and n-type substrate location and concentration. Diodes, inductors, capacitors, and resistors are all examples of semiconductor passive components. This integrated passive device method could be utilised to produce small passive semiconductor components.

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In this cutting-edge method, multiple passive semiconductor components can be integrated into the same silicon (or other semiconductor material) die.

The convergence of innovative packaging solutions in handheld products like smartphones, tablets, portable media players, and others reflects a growing need for semiconductor components with multiple functions.

About 80% of the country’s semiconductor revenues in 2021 will come from the mobile and wearables, IT, and industrial markets.

The researchers predict that the Electronic System Design and Manufacturing (ESDM) sector in India will play an important part in the development of the country. This sector encompasses everything from the procurement of components to the production of designs.

The report moreover predicted that the Indian semiconductor industry will grow rapidly in the next years, helping to boost the Indian economy to the next level in terms of domestic consumption and exports.

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Increasingly, automation products use semiconductor-based components

Semiconductor components made from Silicon carbide (SiC) and Gallium Nitride gained popularity in telecommunications, energy, and automation goods including motor drives. Motor drives use SiC MOSFETs (MOSFET).

This MOSFET offers a shorter turn-off time, reducing power losses. SiC’s lower switching and conduction losses reduce system failure and boost motor drive efficiency. These advantages of SiC-based components have boosted the semiconductor material and component market.

Semiconductor efficiency at high temperature, voltage, and power

Applications in the fields of automation, energy and electricity, consumer electronics, and so on have all benefited greatly from the advancements made possible by semiconductor materials like silicon, gallium nitride, and silicon carbide. The market for these materials and components is anticipated to expand by large margins in the near future due to the widespread adoption of technology across all industries. SiC has a large critical electric field, high thermal conductivity, and a broad bandgap, all of which allow SiC-based components to operate at greater temperatures and current densities.

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Combustion monitoring in turbine engines, temperature sensors, analogue and digital circuitry, flame detectors, accelerometers, RF devices, and other electronic components utilised in extreme conditions all make use of SiC-based components. Components built from SiC material have unique properties that allow them to function at temperatures beyond 400°C without any additional cooling. The aerospace, defence, automotive, and power generation industries are just a few that stand to gain tremendously from this capability. In addition, semiconductor components made from SiC material can withstand voltages that are 10 times higher than those made from other semiconductor materials. As a result, the costs and complexities associated with cooling can be decreased thanks to these characteristics.

Leading semiconductor companies

In the global semiconductor components market, some of the most prominent competitors include – Samsung, Intel, Micron, Qualcomm, Nvidia, SK Hynix, Broadcom, MediaTek, TI, AMD, Infineon, Apple, Kioxia, TSMC.