India’s semiconductor market is billed towards a $103.4 billion future

The Indian semiconductor market is projected to grow to $103.4 billion over the next five years, with an electronic market of over $40 billion, according to the IESA report, “Indian Semiconductor Market Report 2030.

The country’s semiconductor consumer market is valued at $52 billion from 2024 to 2025, and is expected to grow at a CAGR of 13% through 2030.

Sectors such as automobiles and industrial electronics offer significant value-added opportunities, but mobile handsets, IT, and industrial applications that contribute nearly 70% of revenue remain the major growth drivers.

Ashok Chandak, president of IESA, said government policies will play a major role in fostering step-ups in the design and manufacturing of strong semiconductors.

“Government covered incentives for FABS and OSATS, increased R&D investments and collaborative industry initiatives are key to driving India’s semiconductor sector,” said more than $21 billion by companies over the past year. He said he has an investment investment commitment.

The report also highlights key recommendations for achieving India’s semiconductor ambitions. This involves continuing the Indian Semiconductor Mission Initiative beyond its initial expenditure of $10 billion and with a change in the DLI scheme.

He added that it is important to set a target for 25% local value additions between 2025 and 26 and set 40% for the benefits of electronic manufacturing PLI by 2030.