India’s Semiconductor Industry Set To Double Revenue To $108 Billion By 2030: UBS Report

India’s semiconductor industry is poised for significant expansion, with revenue projected to double from $54 billion in 2025 to $108 billion by 2030, according to a new report released by global financial services firm UBS.

India To Benefit From US-China Trade Tensions

UBS analysts expect India to emerge as a key alternative in global semiconductor supply chains as the US- China tariff conflict continues to disrupt trade.

The report suggests that global tech companies are reassessing their dependence on Chinese manufacturing and increasingly adopting a ‘China plus one’ strategy — with India as a prime destination for diversification.

15% CAGR Outpaces Global Growth

The report forecasts a 15% compound annual growth rate (CAGR) for India’s semiconductor industry, which outpaces global semiconductor end-market projections.

UBS attributes this rapid growth to India’s favorable demographics, rising demand for electronics, increased enterprise adoption of advanced semiconductors, and strong government support through proactive policies.

$13 Billion Opportunity In Localization

UBS highlights a promising $13 billion revenue opportunity in semiconductor localization by 2030.

The report emphasizes that domestic manufacturing and design could play a crucial role in helping India reduce import dependency while creating high-value economic output.

India’s Current Global Share Remains Modest

Despite its growth potential, India currently holds a small share of global semiconductor infrastructure:

• 0.1% of global wafer capacity
• 1% of annual semiconductor equipment spending
• 6.5% of global semiconductor end-demand

The report notes that India is already a significant end market, with expected revenues of $54 billion in 2025.

India’s Strength Lies In Chip Design Talent

UBS also points to India’s advantage in semiconductor design. Approximately 20% of the world’s chip designers work in India for multinational corporations.

While China leads in manufacturing, India’s strength lies in its vast talent pool in software, services, and design engineering.

Global Firms Reconfigure Supply Chains

According to the report, major technology companies are actively considering supply chain shifts in response to ongoing geopolitical and tariff-related uncertainties.

Many have already started relocating their final assembly operations outside China, with India becoming an increasingly attractive hub.

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