India Semiconductor Market Forecast 2030: Key Players and Emerging Trends

 

Future of India Semiconductor Market: Key Dynamics, Size & Share Analysis

The India Semiconductor Market size is valued at around USD 45 billion in 2025 and is projected to reach USD 100 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 13.05% during the forecast period, i.e., 2025-30. The India Semiconductor Market is often perceived to be on an unprecedented growth path, driven by the rising Indian EV semiconductor demand, government initiatives, technological acceleration, and domestic chip manufacturing in India. The government's PLI Scheme, pressed into existence for the promotion of local manufacturing of semiconductors, has been a major impetus. This initiative aims to reduce India's dependence on semiconductor imports, with the government committing substantial financial support to attract investments in fabrication plants and R&D. A key part of this effort is India’s chip design and production initiatives, where global and domestic firms are investing in chip design, R&D, and integrated production capabilities. This has resulted in high exports from India. For instance, the semiconductor exports from India (2025) are projected to generate more than USD20 billion.

Top Challenges Impacting the India Semiconductor Market Growth

High Cost Impeding Market Growth & Expansion – The absence of an extended-term plan for huge capital expenses in semiconductor production centers is a major challenge for the growth & development of the India Semiconductor Market. The cost of manufacturing this semiconductor can cost USD 10 to 20 billion or even more, depending on its size and generation. This is mostly due to the technology’s complexity, which drives up production costs by requiring expensive equipment and a cleanroom.

Understanding the Core Segments in the India Semiconductor Market

India Semiconductor Market Size, Share & Industry Trends Analysis- By Component (Memory Devices, Logic Devices, Analog IC, MPU, Discrete Power Devices, MCU, Sensors, Others), By Application (Networking & Communications [Ethernet Controllers, Adapters & Switches, Routers & Others], Data Processing, Industrial [Power Controls and Motor Drives, Intelligent Systems, Industrial Automation & Others], Consumer Electronics [Home Appliances, Personal Devices, Other devices], Automotive [Telematics & Infotainment, Safety Electronics, Chassis, Powertrain, Body Electronics], Government), By Equipment (Front-end Equipment, Back-end Equipment) and Others.

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Geographical Analysis of the India Semiconductor Market

  • North - Market Size & Forecast 2020-2030F, USD Million
  • East - Market Size & Forecast 2020-2030F, USD Million
  • West - Market Size & Forecast 2020-2030F, USD Million
  • South - Market Size & Forecast 2020-2030F, USD Million

Who Dominates the India Semiconductor Market Insights on Key Industry Players?

Companies are strengthening their presence in the consumer electronics market by adopting strategies such as forming strategic alliances, leveraging AI, entering partnerships, pursuing mergers and acquisitions, expanding into new regions, and introducing innovative products and services.d

  • Tata Elxsi
  • HCL Technologies
  • MosChip
  • Dixon Technologies
  • ASM Technologies Ltd.
  • Vedanta Limited
  • Applied Materials, Inc.
  • Bharat Electronics Limited
  • CG Power and Industrial Solution
  • MIC Electronics Ltd.
  • Aura Semiconductor and others.

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