Semiconductor market is projected to hit 80.3 billion by FY28; ABB, Kaynes could give over 20% each upside

economictimes.indiatimes.com:

With over four decades of experience in the industry, including a tenure on U.S. President Obama’s committee, Manocha outlined a robust vision for India to become a semiconductor powerhouse.

The Indian semiconductor market is projected to grow at a remarkable 19.6% CAGR, reaching INR 80.3 billion by FY28. This growth is underpinned by the global semiconductor market, which is expected to hit USD 1 trillion by 2030.

The demand is fueled by three significant waves: the Internet of Things (IoT), artificial intelligence (AI), and the impending transition to 6G and quantum technologies.

India's semiconductor journey is already underway, with initiatives like the India Semiconductor Mission (ISM) encouraging foreign investment and domestic startups.

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