India’s semiconductor market to touch $103 billion by 2030: IESA

India’s semiconductor market is projected to grow from $52 billion (₹4.5 lakh crore) in 2024 to $103.4 billion (₹9 lakh crore) by 2030, according to a report by the India Electronics and Semiconductor Association (IESA).

This growth will be driven by key industries such as handsets, IT, telecom, consumer electronics, automotive, aerospace and defence. Mobile handsets, IT and industrial applications alone account for nearly 70% of the semiconductor industry’s revenue and are expected to remain the primary growth drivers.