India’s semiconductor market is projected to grow from $54.3 billion in 2025 to $103.5 billion by 2030, clocking a compound annual growth rate (CAGR) of 13.8 per cent, according to a new report by Quess Corp. The report, released on Thursday, highlights the sector’s rapid expansion as India strengthens its position in the global semiconductor value chain.
Titled “The Chip Catalyst: India’s Emerging Semiconductor Ecosystem,” the report notes that the country is transitioning from being primarily a consumption-driven market to becoming a global capability hub. However, it also points out a pressing leadership gap that could pose challenges to sustaining this growth momentum.
Quess Corp’s analysis reveals that nearly 80 per cent of India’s semiconductor workforce has less than 10 years of experience. This indicates strong talent availability at junior levels but underscores the need for experienced leaders who can steer the industry through its next phase of expansion.
