Semiconductor market in India is charging towards a $103.4-billion future
Indian Electronics and Semiconductor Association (IESA) said in its report ‘India Semiconductor Market Report 2030’.
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The country’s semiconductor consumption market was valued at $52 billion in 2024-25 and is expected to grow at a CAGR of 13% through 2030.
Sectors like automotive and industrial electronics present significant value-addition opportunities while mobile handsets, IT and industrial applications, which together contribute nearly 70% of the revenue, remain the primary growth drivers.
Ashok Chandak, president of IESA, said that the government policies will play a huge role in fostering a strong semiconductor design and manufacturing step up.
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