New Delhi, Aug 8 (UNI) India is emerging as a major force in the global semiconductor race, with its market projected to skyrocket from USD 38 billion in 2023 to an impressive USD 100–110 billion by 2030. Globally, the semiconductor industry is on track to hit the USD 1 trillion milestone within the same period, and India is set to claim a sizable share of that growth.
Driving this surge is a perfect blend of rising domestic electronics demand and ambitious government initiatives such as the India Semiconductor Mission (ISM), Production-Linked Incentive (PLI), and Design-Linked Incentive (DLI).
Industry experts highlight India’s strong potential to strengthen all three key pillars of the semiconductor supply chain — equipment, materials, and services. With a vibrant MSME sector ready to support equipment needs, abundant mineral and gas resources for manufacturing, and a robust service industry, India is well-positioned to fuel the global chip ecosystem.
From advanced R&D to logistics, big data analytics, cloud computing, and Internet of Things (IoT) integration, the country’s booming service sector could prove to be a game-changer. As the digital era demands more chips than ever before, India’s semiconductor story is shaping up to be one of the defining industrial transformations of the decade.
The impressive growth of the Indian semiconductor industry is also driven by the Indian Semiconductor Mission (ISM) approved by the Union Cabinet in December 2021. ISM is intended to build a strong semiconductor and display ecosystem and position India as a global hub for electronics manufacturing and design.
Countries such as Taiwan, South Korea, Japan, China, and the US have a major share of the global semiconductor industry. Taiwan is the most dominant player as it produces more than 60 per cent of the world’s semiconductors.
