Market: Semiconductor devices manufacturing to grow by 12.2% CAGR

Govt investing $30bn to make India global semiconductor manufacturing hub

The Indian discrete power semiconductor devices market is set for 12.2% CAGR to reach US$2,834.2 million by 2030, according to a report by the ResearchAndMarkets. It was US$1,007.7 million in 2021.

Currently, EVs are the largest application area for such devices in the country owing to the stringent emission regulations implemented on conventional automobiles and initiatives in place for the promotion of electric variants, the report “India Discrete Power Semiconductor Devices Market Research Report: By Application – Industry Analysis and Growth Forecast to 2030”, said on 6 Oct 2022.

“The most significant of all is the central government’s FAME India initiative, which entails a total investment of Rs.10,000 crore in its second phase,” said the report.

“Seeing the opportunities, players in the Indian discrete power semiconductor devices market are launching newer products.

“For instance, Infineon Technologies AG unveiled new EDT2 IGBTs for traction inverters in the TO-247 package type in March 2022. It is the widest selling of all the package types in the country.

“Designed for a breakdown voltage of 750 V, it is ideal for traction inverters that require battery voltages of up to 470 V DC.”

Similarly, Vishay Intertechnology Inc launched n-channel TrenchFET MOSFETs in January 2022 for industrial and telecommunication applications.

Moreover, the central government is investing US$30 billion (Rs230,000 crore) to make the country a global semiconductor manufacturing hub.

This will boost the sale of such components, by leading to a massive reduction in their prices. Currently most of these products are imported from Taiwan, South Korea and China.

Companies in the sector are:

Infineon Technologies AG

Nxp Semiconductors N.V.

Stmicroelectronics N.V.

Abb Ltd.

Renesas Electronics Corporation

Fuji Electric Co. Ltd.

Microchip Technology Incorporated

On Semiconductor Corporation

Taiwan Semiconductor Manufacturing Company Limited

Mitsubishi Electric Corporation

Toshiba Corporation