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Indian semiconductor market may grow over two-fold to Rs 9.6 lakh crore by 2030

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India’s semiconductor market is expected to more than double to grow in the range of $100-110 billion by 2030 according to industry estimates, an official statement said on Sunday.

The Indian semiconductor market was about $45-50 billion in 2024-2025 against $38 billion in 2023, the statement said, citing industry estimates.

“As per industry estimates, the size of the Indian semiconductor market was about $38 billion in 2023, $45-50 billion in 2024-2025 and is expected to reach $100-110 billion by 2030,” the statement said.

A detailed statement…

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