According to a report by India Electronics and Semiconductor Association (IESA), India’s semiconductor market is expected to surpass $100 billion by 2030, with the potential to serve 8-10 per cent of global demand worth nearly $40 billion.
IESA’s president observed that India has made notable progress under the Semicon India programme but emphasised the need for sustained, long-term support as the sector enters its next phase, termed “Semicon 2.0.” He highlighted that India already contributes nearly 20 per cent of the global semiconductor design workforce, with over 300 institutes gaining access to electronic design automation tools through the government’s design-linked incentive scheme, described as one of the world’s largest government-backed initiatives.
On capacity building, he noted that 10 central government-approved projects and several state-level initiatives are underway, with full-scale operations expected to enable daily production of 70-72 million chips within the next two years. Despite global geopolitical challenges, he said India must continue adopting a balanced approach to strengthen its position in the global semiconductor ecosystem.
