“Rising FDI investments expediting the Semiconductor industry in India”, IBEF, May 2, 2023:
“The Indian semiconductor market is expected to reach US$ 55 billion by 2026, with smartphones and wearables, automotive components, and computers and data storage accounting for more than 60% of the market. India represents 1% of the international semiconductor trade and 0.5% of global semiconductor sales.
Currently, the Indian semiconductor industry accounts for roughly US$ 2.3 trillion of the global GDP. In 2020, the top 3 global companies, Intel, Samsung, and TSMC, collectively generated US$ 188 billion in revenue. India is a leading chip designer, with over 30,000 experts working in this space. In 2020, the Indian semiconductor design market was valued at more than US$ 33 billion. India accounts for 20% of the entire worldwide design workforce, a testament to the highly skilled pool of Indian engineers.
The Indian semiconductor design industry is expected to increase at a CAGR of 29.4% between 2015 and 2020, from US$ 14.5 billion to US$ 52.6 billion. Moreover, India’s semiconductor market was worth US$ 15 billion in 2020 and is presently estimated at US$ 27 billion in  2022, while India’s display panel market is estimated to be US$ 7 billion and is likely to expand to US$ 15 billion by 2025. Semiconductors serve as a foundational technology for developments in other vital and developing technologies. The Government of India has introduced a sustainable semiconductor ecosystem, being developed through the US$ 10.2 billion Semicon India Program (Program for Development of Semiconductors and Display Manufacturing Environment in India)…..”
Read the full article at Ibef.org
