The India Semiconductor Market was valued at US$41,200 million in 2024 and is projected to reach US$115,600 million by 2030, at a CAGR of 18.8% during the forecast period.
Due to government measures to increase domestic manufacturing, technological improvements, and the growing demand for electronic products, the Indian semiconductor market is expected to grow significantly. The need for semiconductors has increased due to India’s growing consumer electronics, automotive, and industrial sectors, making the nation a vital link in the worldwide supply chain. To encourage domestic manufacturing and lessen reliance on imports, especially from East Asia, the government has implemented a number of initiatives, including the Semiconductor Mission and the National Policy on Electronics. Consequently, a number of international semiconductor firms are establishing research and production facilities in India, which is driving the market’s expansion.
In 2017, India’s semiconductor imports totalled US$ 4.65 billion, while its exports totalled US$ 0.21 billion. While imports decreased to US$ 3.15 billion by 2019, exports increased to US$ 0.33 billion. However, due to global economic disturbances like the COVID-19 pandemic, 2020 saw a decline in both imports and exports. Due to pent-up demand following the slump, 2021 saw an extraordinary comeback, with imports totalling US$5.36 billion. India made significant attempts to become a semiconductor hub in 2022, as seen by its exports, which hit a record high of US$0.52 billion.
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Industry Dynamics
In an effort to strengthen its domestic supply chain and lessen reliance on imports, the Indian government has taken proactive measures to promote a self-sufficient semiconductor ecosystem. One of the most important of these programs is the Production Linked Incentive (PLI) Scheme, which offers financial rewards to increase electronics manufacture. In order to assist create a thorough local industry framework, this program is especially important for luring international semiconductor companies to set up manufacturing and research centers in India. Another important program that provides funds and incentives especially for the semiconductor industry is the Semiconductor Mission. In order to improve India’s infrastructure in this area, this mission is intended to assist businesses in establishing semiconductor fabrication factories and design facilities.
Recent Developement
1. Government Revamps PLI for Electronics & Chips
India’s flagship Production‑Linked Incentive (PLI) scheme, which helped the semiconductor and electronics sectors scale rapidly, will be phased out by mid‑2026. In its place, the government has unveiled a ₹22,900 crore Component Manufacturing Scheme to promote deep value‑chain development in electronics and semiconductors
2. Strategic Tariff Challenge from the U.S.
A newly announced 50% tariff on copper imports into the U.S. is expected to disrupt supply chains, impacting India’s electronics and semiconductor manufacturing plans that heavily depend on copper inputs
3. U.S. EDA Software Curbs Lifted—India on Alert
With the U.S. opening access to Electronic Design Automation (EDA) tools for China, Indian industry experts warn this move could strengthen Chinese competition, intensifying pressure on Indian chip design firms
Kay Players:
. Vedanta Ltd
· Tata Electronics
· Wipro
· Micron Technology
· Bharat Electronics Limited (BEL)
· ASM Technologies
· Saankhya Labs
· Continental Device India Pvt. Ltd. (CDIL)
· Dixon Technologies (India) Ltd.
· ISMC Digital
· SPEL Semiconductor
· Other Key Players
Segment Analysis
By Type
. Integrated Circuits (ICs)
· Optoelectronics
· Discrete Semiconductors
By Application
· Consumer Electronics
· Automotive
· Industrial
· Telecommunications
· Computing
· Healthcare
By Technology
· Process Technology
· Packaging Technology
· Fabrication Technology
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