India’s semiconductor market to grow $120 billion by 2030

Delhi: India’s semiconductor market is expected to grow to about $120 billion by 2030, driven by a significant adoption of artificial intelligence says Deloitte study. By 2035, mobile phones, automotive, computing, and data centres are expected to account for over 70% of India’s total semiconductor demand.

The findings, released on wednesday, also show that India, which currently imports nearly 90% of its semiconductor needs, is now preparing for a structural shift, emphasising local production. The Indian semiconductor production ecosystem is gearing up to meet more than 60 per cent of domestic demand by the end of 2035.