India’s semiconductor market is on track to nearly double in value, reaching $103.5 billion by 2030, according to a report released by Quess Corp. The industry, currently valued at $54.3 billion in 2025, is expected to grow at a robust compound annual growth rate (CAGR) of 13.8 percent — a pace that outperforms global benchmarks.

The report highlights that smartphones, laptops, and industrial systems continue to drive demand, accounting for nearly 70 percent of the market. However, a significant boost is expected from emerging sectors such as electric vehicles (EVs), 5G rollouts, and hyperscale data centres. India’s hyperscale capacity is projected to grow by over 75 percent by 2030, with EVs set to make up nearly one-third of all new vehicles sold.

The India Semiconductor Mission (ISM) is playing a key role in building domestic capability, with projects worth ₹1.6 lakh crore and nearly 29,000 jobs already in the pipeline. Major investments, including Micron’s ATMP plant in Gujarat, are strengthening India’s semiconductor packaging and testing capabilities, while states like Tamil Nadu, Kerala, and Gujarat are emerging as key semiconductor hubs.

Kapil Joshi, CEO–IT Staffing at Quess Corp, emphasized that India’s semiconductor ecosystem is entering a “defining decade.” He noted that ISM 2.0 — expected to exceed $10 billion in funding — will accelerate growth, but talent readiness will remain a key challenge.

India is also becoming an important global semiconductor design hub, with its Global Capability Centres (GCCs) taking on cutting-edge chip design projects. Almost half of new chip programs now include AI accelerators, and one-third of verification teams are using machine learning.

Engineers in India are already working on next-generation technologies such as multi-die integration, AI-assisted place-and-route, TinyML firmware, and AI-driven timing closure — making India a testbed for AI-first design workflows.

India currently has more than 250,000 semiconductor professionals, with 43,000 new job postings created in 2024–25. This talent pool is expected to grow by over 120 percent, reaching nearly 400,000 by 2030 — positioning India as the world’s second-largest semiconductor talent hub after the US.