Indian semicon market may grow over two-fold to ₹9.6 lakh cr by 2030

India’s semiconductor market is expected to more than double to grow in the range of $100-110 billion by 2030 according to industry estimates, an official statement said on Sunday.

The Indian semiconductor market was about $45-50 billion in 2024-2025 against $38 billion in 2023, the statement said, citing industry estimates.

“As per industry estimates, the size of the Indian semiconductor market was about $38 billion in 2023, $45-50 billion in 2024-2025 and is expected to reach $100-110 billion by 2030,” the statement said.