EY-IESA Report Projects India Semiconductor Market to Touch $200 Billion by 2035

Key facts

• An EY-IESA report titled 'Semicon India 2.0: From capacity creation to ecosystem leadership' projects India's semiconductor market to grow more than threefold from nearly $64 billion in 2026 to $200 billion by 2035.
• Semiconductor imports expanded more than fivefold from $5.7 billion in FY17 to $30.3 billion in FY25, at a compound annual growth rate of 23 per cent.
• Consumer electronics accounts for 30 per cent of India's semiconductor market, followed by automotive at 16 per cent and industrial applications at 15 per cent.
• India houses nearly 20 per cent of global chip design engineers.
• Total electronics production increased sixfold from ₹1.9 lakh crore in FY15 to ₹11.3 lakh crore in FY25, with domestic manufacturing growing sevenfold and exports rising elevenfold over the decade.