India's import of parts of semiconductor devices and similar devices is forecasted to grow steadily from 2024 to 2028. In 2023, the import volume stood at 4.320 million kilograms. Starting in 2024, this volume is expected to increase year-on-year by the following percentages: 4.00% (2024), 4.18% (2025), 3.94% (2026), 3.72% (2027), and 3.51% (2028). Over the 5-year period, the compound annual growth rate (CAGR) is projected to be approximately 3.87%.

Future trends to watch for:

The increasing integration of semiconductor devices in emerging technologies such as IoT, AI, and 5G.
Government incentives and policies to boost domestic semiconductor manufacturing.
Potential supply chain disruptions due to geopolitical tensions which may impact import volumes.