India's Semiconductor Market to Double by 2030 - 

Market Growth Projection - India's semiconductor market is expected to grow from $52 billion ( ₹4.5 lakh crore ) in 2024 to $103.4 billion ( ₹9.1 lakh crore ) by 2030.

The growth is driven by industries such as #handsets, IT, telecom, consumer electronics, automotive, aerospace, and defense.

Major Revenue Contributors - Mobile handsets, IT, and industrial applications contribute nearly 70% of the semiconductor industry's revenue.

Expected CAGR - The market is projected to grow at a CAGR of 13% from 2024 to 2030.

Automotive and industrial electronics offer significant value-addition opportunities.

Need for Research & Development ( R&D ) - High-priority products include smartphones, hearables, consumer durables, and routers.

Increased R&D investments and collaborative industry initiatives are crucial for growth.

Government Support & Investment -
The Indian government has targeted incentives for fabs and OSATs ( Outsourced Semiconductor Assembly and Test ).

Over $21 billion in investment commitments from #IESA ( India Electronics and Semiconductor Association ) member companies in the past year.

Policy Recommendations for Growth -
Continuation of the #semiconductor incentive scheme beyond the initial $10 billion outlay.

Design-linked incentives with modifications to boost production and innovation.

Focus on Local Value Addition -
IESA suggests setting a target of 25% local value addition by 2025-26 and 40% by 2030 in electronics manufacturing.

This rapid expansion highlights India's growing role in the global semiconductor industry and the need for strategic investments in R&D and manufacturing.
#Kaynes
#Moschip

@rswaminathan82
#handsets