Introduction – A Market on the Rise
The India Semiconductor Market is on the brink of an unprecedented growth trajectory. Valued at USD 38 billion in 2024, it is projected to reach USD 105 billion by 2030, reflecting a CAGR of around 18% during 2025–2030. This surge is driven by government initiatives, technological acceleration, and growing demand across multiple sectors. The government’s Production-Linked Incentive (PLI) Scheme has been a major catalyst, encouraging local manufacturing and redu