CosmicTaco

India's Semiconductor Market to Surpass $100 Billion by 2030

CosmicTaco · 2024-10-16T15:37:24.855641+05:30

- **India's semiconductor market** is projected to exceed **$100 billion** by **2030**, driven by government initiatives and robust demand. - **Mobile handset, IT, and telecom** sectors contribute over **75%** of the industry's revenues. - The **$9.1 billion 'Semicon India' programme** aims to boost manufacturing and workforce development. - **India produces 800,000 engineers annually**, positioning it to address global talent shortages. - The global semiconductor market is expected to reach **$1 trillion** by **2030**, driven by IoT, AI, and future technologies. Source: [Zee News](https://zeenews.india.com/economy/indias-semiconductor-market-projected-to-surpass-100-billion-in-revenues-by-2030-2807382.html), [The Economic Times](https://economictimes.indiatimes.com/jobs/fresher/india-set-to-play-big-role-in-cracking-semiconductor-talent-puzzle-says-new-report/articleshow/114269788.cms)

India's semiconductor market is projected to exceed $100 billion by 2030, driven by government initiatives and robust demand.
Mobile handset, IT, and telecom sectors contribute over 75% of the industry's revenues.
The $9.1 billion 'Semicon India' programme aims to boost manufacturing and workforce development.
India produces 800,000 engineers annually, positioning it to address global talent shortages.
The global semiconductor market is expected to reach $1 trillion by 2030, driven by IoT, AI, and future technologies.