India semiconductor market projected to touch USD 200 billion by 2035: EY-IESA Report

New Delhi [India], September 20 (ANI): India’s semiconductor market is projected to grow more than threefold from nearly USD 64 billion in 2026 to USD 200 billion by 2035. The growth creates an opportunity to convert domestic demand into manufacturing, innovation, and supply-chain resilience, according to an EY–IESA report titled ‘Semicon India 2.0: From capacity creation to ecosystem leadership’.

Consumer electronics accounts for 30 per cent of India’s semiconductor market, followed by the automotive sector at 16 per cent and industrial applications at 15 per cent. Emerging segments such as artificial intelligence, data centres, telecommunications, electric mobility, and advanced manufacturing generate fresh avenues of demand.