“Passionate ECE Innovator: Harnessing the Power of Electronics and Communication to Shape the Future”
The Future of Semiconductor Manufacturing in India India’s semiconductor industry is on the brink of a significant transformation. With a market worth $22 billion in 2019, it is expected to nearly triple to $64 billion by 2026, and further growth to $110 billion by 2030 is projected1. This growth trajectory is fueled by two main factors: the availability of talent and rising demand for semiconductor goods. The Indian government has recognized the potential of this sector and is backing it with a ₹76,000 crore incentive scheme under the Indian Semiconductor Mission. The aim is to double the growth by 2030, achieving a domestic chip-making industry valuation at US$ 110 billion and securing at least a 10% share in the global semiconductor market. By 2025, the industry is expected to grow by USD 400 billion due to increasing demand for semiconductor products. This demand surge is driving the need for more semiconductor fabs (fabrication plants), with experts suggesting that globally another 50-100 fabs will be required by the end of 2026 to support this demand India’s push towards domestic semiconductor manufacturing is part of its broader ambition to establish a strong presence in the global semiconductor supply chains. The market is poised to witness stellar growth, with projections reaching $55 billion by 2065. This reflects India’s increasing focus on not just consuming semiconductors but also producing them. The future looks bright for India’s semiconductor industry as it paves its way towards global competitiveness and aims to be a pivotal player in the trillion-dollar economy journey.
