India’s Semiconductor Market To Reach $100 Billion By 2030: Government

India’s semiconductor market is projected to grow to $100–110 billion by 2030, according to industry estimates cited in an official government statement. The market stood at $38 billion in 2023 and is estimated at $45–50 billion for 2024–25.

The statement noted that the COVID pandemic exposed risks in the global semiconductor supply chain, especially for the automobile industry. Heavy reliance on countries like Taiwan, South Korea, Japan, China, and the US left supply chains vulnerable to disruption. Taiwan alone produces over 60% of the world’s chips, including nearly 90% of the most advanced ones.

To reduce this dependency, countries like the US, EU, Japan, and South Korea have launched domestic chip manufacturing initiatives. The government stated that India is emerging as a reliable and trusted partner in this global shift.

The global semiconductor market is expected to reach $1 trillion by 2030, with India capturing a significant share.

India has the potential to contribute across the supply chain — in equipment, materials, services, and R&D. Its strengths include a strong base of MSMEs, abundant resources, skilled talent in AI, cloud computing, and a growing services sector.

The government launched the India Semiconductor Mission in December 2021 with an outlay of ₹76,000 crore. So far, industry players like Micron, Tata Electronics, and HCL-Foxconn have committed ₹1.55 lakh crore in investments.

The Design Linked Incentive scheme under the India Semiconductor Mission has supported 22 chip design start-ups with ₹234 crore in funding. These chips will be used in CCTV systems, mobile networks, satellites, and smart devices.

India will also host the 4th Semicon India event in New Delhi in September 2025, showcasing its growing role in global semiconductor production and innovation.

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