India Semiconductor Market Forecast 2030: Key Players & Emerging Trends
Future 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 Market Challenges Impacting the India Semiconductor Market Growth
Rising Domestic Chip Manufacturing – The market growth is driven by the growing production of chips locally to avoid import dependence, which is increasing the demand for semiconductors, as these are an important raw material for the manufacturing of chips. For instance, in 2025, ISRO built India’s Vikram-32 chip microprocessor, which is highly energy efficient, with faster performance. Additionally, Tata Electronics (Assam) alone produced about 18 billion units of chips annually, which requires a substantial amount of semiconductors, thus boosting market size & volume.
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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.
Geographical Analysis of the India Semiconductor Market
By Region
- North
- East
- West
- South.
Who Dominates the India Semiconductor Market Insights on Key Industry Players?
Companies are strengthening their presence in the India Semiconductor 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.
- 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
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