India Semiconductor Market To Cross $100 Billion By 2030: IESA Report

India’s semiconductor market is projected to grow to $103.4 billion by 2030, powering the $400+ billion electronics market, as per India Semiconductor Market Report By India Electronics & Semiconductor Association (IESA).

The report was officially released by Ashwini Vaishnaw, Union Minister of Electronics & IT (MeitY), Railways, and I&B, and Dr. Mukesh Mahaling, Minister of Electronics & IT, Odisha State during the Utkarsha Odisha Conclave 2025. 

The report provided a comprehensive analysis of India’s semiconductor market from 2023 to 2030, examining key industries like handsets, IT, telecom, consumer electronics, automotive, aerospace, and defense.

Semicon Report 2025 also recommended a few key steps for the sector to accomplish milestones in the coming years. The IESA report lists strategic products that align with India's strengths and global market needs, particularly to support upcoming fabs and OSAT units and tap business potential. It has suggested the industry to expand the collaboration with the universities to implement skill-building programs for a future-ready semiconductor workforce. 

The report highlighted a target of 25% local value addition by 2025-26 and 40% by 2030 in Electronics manufacturing PLI benefits.

 “India’s semiconductor consumption market is valued at $52 billion in 2024-25 and is expected to grow at a robust CAGR of 13% through 2030. Sectors like automotive and industrial electronics present significant value-addition opportunities. Mobile handsets, IT, and industrial applications, which together contribute nearly 70% of the revenue, remain the primary growth drivers,” said Dr. V Veerappan, Chairman of IESA. 

“Focusing on local semiconductor design and manufacturing while reducing import dependency is crucial to strengthening India’s position in the global electronics ecosystem and retaining economic value in the country,’’ highlighted Ashok Chandak, President of IESA. 

In the meantime when China is trying to weaponize its position in the Semiconductor manufacturing and design market, India can leverage the situation by using the skilled workforce, cost advantage and favourable govt policies.