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India’s Semiconductor Revenues to Double by 2030

  • 14 Apr 2025

In April 2025, according to a report by UBS, India’s semiconductor industry is projected to double its revenues from $54 billion in 2025 to $108 billion by 2030, riding on global shifts and strong domestic demand.

Key Points

  • 15% CAGR Forecast: UBS predicts a 15% compound annual growth rate for India’s semiconductor sector, surpassing global trends due to robust electronics demand, enterprise adoption, and government support.
  • Geopolitical Advantage: With ongoing US-China tariff tensions, India is emerging as a favorable alternative for companies seeking to diversify their supply chains.
  • Localisation Opportunity: Domestic semiconductor manufacturing and assembly in India could generate an estimated $13 billion in revenue by 2030.
  • Current Market Share: India currently holds a modest 0.1% of the global wafer capacity, 1% of equipment spending, but commands 6.5% of the global end-demand share for semiconductors.
  • Tech Talent Strength: India accounts for 20% of the global chip design workforce, solidifying its reputation in semiconductor innovation.