Commentary from Shreyanshi Pandey – Research Analyst, Eninrac
As digital transformation accelerates globally, the semiconductor industry is entering a period of massive expansion. Companies worldwide are expected to invest nearly $1 trillion in semiconductor fabrication plants by 2030, while annually industrial revenues are projected to exceed $1 trillion within the same time frame. But the global semiconductor ecosystem is also undergoing a strategic shift, with countries looking forward to strengthening supply chains and reduce dependence on limited manufacturing hubs.
Semiconductor powers the modern world, from smartphones and data centres to electric vehicles and artificial intelligence. And as global demand grows, India is emerging as a key player in the semiconductor industry. India's semiconductor market was valued at around $38 billion in 2023 and is projected to reach $100-110 billion by 2030.
That would represent about 10% of the global semiconductor market. Globally, semiconductor demand will be distributed across several key regions. North America is expected to reach around $350 billion, Asia Pacific about $380 billion and Europe roughly $220 billion by 2030.
Within this global landscape, India alone is targeting $100 billion semiconductor market. The largest demand in India will come from computing and data storage, expected to generate $41-45 billion. Communication technologies, including 5G networks, will contribute $31-34 billion.
Automotive electronics, industrial systems, and commercial devices will further drive semiconductor demand. By 2029, India aims to produce chips that meet 70-75% of domestic demand. And by 2035, the country plans to position itself among the leading semiconductor nations in the world.
India's $100 billion semiconductor journey is only just beginning. For more updates on the semiconductor industry and energy transition, stay connected with us. and for more details checkout latest reports on semiconductor manufacturing market
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