India Integrated Circuits Market to Grow with a CAGR of 12.36% During the Forecast Period - Industry Statistics
Growing penetration of electronics, along with a surge in demand for automobiles in the country to influence the India Integrated Circuits Market through FY2028. According to TechSci Research report, “ India Integrated Circuits Market –Industry Size, Share, Trends, Competition, Opportunity, and Forecast, FY2018-FY2028F” The trend for 5G connectivity, advanced driver assistance systems (ADAS) in automotive vehicles, cloud computing, and IoT-based devices are anticipated to drive the growth of the India Integrated Circuits Market at an impressive CAGR of 12.36% in the forecast period. The market's growth is stimulated by various factors, such as rising penetration of the Internet of things and electronic devices such as mobiles, laptops , and computers, leading to increased demand for integrated circuit chips. The extensive research & development operations such as advanced driver assistance systems undertaken by major players of automotive vehicle...