India's semiconductor market value projected to surge from USD 52 billion in 2024 to USD 103.4 billion by 2030.
Industry set to maintain robust 13% compound annual growth rate through 2030, according to IESA report.
Mobile handsets, IT, and industrial applications dominate with 70% of current industry revenue.
IESA member companies have committed over USD 21 billion in investments during the past year.
Government initiatives provide targeted incentives for fabrication facilities and OSAT operations.
Research and development driving innovation in smartphones, hearables, consumer durables, and routers.
IESA recommends extending semiconductor incentive scheme beyond current USD 10 billion allocation.
Local value addition targets set at 25% by 2025-26 and ambitious 40% by 2030.
Automotive and industrial electronics segments emerging as key growth opportunities.
Report calls for unified product development scheme and emphasizes workforce development needs.