India Semiconductor Market 2030 Size & Growth Report: Major Companies and Industry Outlook

Posted 2025-11-13 11:20:26

Industry Key Highlights

According to the TechSci Research report, “India Semiconductor Market Report 2030- By Region, Competition Forecast & Opportunities, the market was valued at USD 34.4 billion in 2023 and is projected to register an impressive CAGR of 19.01%. This exponential growth is being driven by rising consumer demand for electronics, expanding applications of Artificial Intelligence (AI), growing digitization, and strong government support to establish a self-reliant semiconductor ecosystem.

Request For Sample Copy of Report For More Detailed Market insight: https://www.techsciresearch.com/sample-report.aspx?cid=7801#requestform

Semiconductors serve as the backbone of modern electronics, enabling advancements in computing, communication, automotive, healthcare, and industrial automation. In India, semiconductors power everything—from smartphones and smart TVs to electric vehicles and cloud infrastructure. As the fifth-largest economy in the world and one of the largest consumers of electronics, India spends approximately USD 180 billion annually on electronic goods.

Recognizing the strategic importance of semiconductors, India is aggressively pushing to develop domestic manufacturing capabilities and attract foreign investment. The government has launched multiple programs, including the Production Linked Incentive (PLI) scheme, the Semicon India Program, and the Design Linked Incentive (DLI) Scheme, to encourage both local and global players to invest in chip design and fabrication.

Emerging Trends in the India Semiconductor Market

1. Rising Momentum in Electric Vehicles (EVs) and Automotive Electronics

The automotive industry is one of the fastest-growing consumers of semiconductors in India. The shift toward electric mobility, connected vehicles, and autonomous driving technologies is accelerating semiconductor adoption. Components such as power management ICs, sensors, microcontrollers, and memory chips are critical for EV batteries, advanced driver-assistance systems (ADAS), infotainment units, and safety features.

2. Growth of AI, IoT, and Edge Computing

India’s adoption of Artificial Intelligence (AI), Internet of Things (IoT), and Edge Computing is redefining semiconductor demand patterns. Smart homes, connected factories, wearable devices, and smart cities rely heavily on semiconductor innovation. As more data is processed at the edge, low-power, high-performance chips are becoming essential for real-time analytics, automation, and intelligent decision-making.

3. Government Push for Localization and Manufacturing

One of the most significant developments in the industry is the Indian government’s focus on building a domestic semiconductor manufacturing ecosystem. The Semicon India initiative aims to position the country as a global hub for electronics manufacturing. Under this program, the government has approved billions in incentives to attract investments in semiconductor fabrication plants (fabs), design, and packaging units.

4. Technological Advancements in Chip Design and Packaging

India’s strength lies in its chip design expertise. Several Indian companies are at the forefront of developing analog ICs, microprocessors, and sensors for various industries. There is a growing emphasis on developing energy-efficient and cost-effective chips that align with the country’s manufacturing landscape.

5. Global Semiconductor Shortage – A Catalyst for Local Development

The global semiconductor shortage experienced during and after the pandemic served as a wake-up call for many nations, including India. The disruption in supply chains underscored the importance of developing a resilient and self-reliant semiconductor ecosystem. In response, the Indian government’s policies aim to create a complete value chain from design to manufacturing and testing within the country.

Market Drivers

1. Rising Demand for Consumer Electronics

India’s fast-growing middle class and increasing disposable income have fueled massive demand for electronic devices. From smartphones and laptops to smart appliances, the country’s appetite for technology continues to rise. This growing consumer base directly propels semiconductor consumption.

2. Expansion of 5G and Digital Infrastructure

The rollout of 5G networks is a major growth catalyst for the semiconductor industry. 5G-enabled devices require advanced chips capable of managing high-speed data processing. Additionally, the growth of data centers and cloud computing is creating strong demand for high-performance computing chips and storage devices.

3. Government Support and Strategic Investments

The Indian government’s proactive policies and financial incentives are transforming the semiconductor landscape. Programs like the PLI scheme, Digital India initiative, and National Policy on Electronics (NPE) are promoting innovation and investments in semiconductor design and manufacturing.

4. Increasing Automotive Electrification and Safety Regulations

With the transition toward electric and hybrid vehicles, semiconductors have become central to power electronics, battery management systems, and vehicle connectivity. Stricter safety regulations and consumer preference for connected cars are further accelerating semiconductor integration in vehicles.

Key Market Players

Broadcom Inc.
CHIPLOGIC TECHNOLOGIES
Tata Elxsi Limited
Continental Device India Pvt. Ltd., (CDIL)
MosChip Technologies Limited
NXP B.V.
ASM Technologies Limited
Masamb Electronics Systems Private Limited
Semi-Conductor Laboratory
ROHM Co., Ltd.

Download Free Sample Report

Customers can also request 10% free customization on this report.

Future Outlook

The future of the India Semiconductor Market looks extremely promising. The government’s vision of creating a USD 1 trillion digital economy by 2029 aligns with the strategic importance of semiconductors in driving innovation, industrialization, and self-reliance.

The market is expected to benefit from: