Semiconductor
The industry has predicted that India’s semiconductor market will be more than doubled to $ 100-110 billion by 2030. This was said in an official statement on Sunday. Citing the industry’s estimates, the statement said that the Indian semiconductor market was about 45–50 billion in 2024-2025, while in 2023 it was $ 38 billion.
According to the statement, according to industry estimates, the size of the Indian semiconductor market is expected to reach $ 38 billion in 2023, $ 45–50 billion in 2024-2025 and $ 100–110 billion by 2030.
Taiwan is the largest exporter
In a detailed statement, highlighting the government’s efforts and the reaction of the industry, a detailed statement cited various technology sectors, especially the crisis exposed to various technology sectors, especially vehicle industry during the Kovid epidemic and emphasized the need to develop India as a reliable partner in the global supply chain.
According to the statement, currently, countries like Taiwan, South Korea, Japan, China and America dominate the semiconductor industry. Taiwan produces more than 60 percent of the world’s semiconductor, which contains about 90 percent of the most advanced semiconductor.
The statement said, such dependence on the same region has exposed global supply chains, from epidemic and natural disasters to geopolitical stresses, serious risks. Realizing this challenge, many countries are now creating safe and diverse supply chains.
A locx millions of trading by 2030
The US, European Union, Japan and South Korea have introduced national strategies to support domestic chip manufacturing and reduce excessive dependence on the same region. The statement said, India is emerging as an important and reliable partner in this global change.
The global semiconductor market is expected to reach one locomotive to one million dollars by 2030, in which India’s market will be a big part. India has the ability to emerge as a major contributor in three primary pillars of the semiconductor manufacturing supply chain – equipment, materials and services and research and development (R&D).