New Delhi, February 9: Driven by the government's production-linked incentive (PLI) scheme, India슬롯사이트™s semiconductor consumption market which is valued at $52 billion in 2024-25 is expected to grow at a robust CAGR of 13 per cent through 2030.

Sectors like automotive and industrial electronics present significant value-addition opportunities. Mobile handsets, IT, and industrial applications, which together contribute nearly 70 per cent of the revenue, remain the primary growth drivers, according to Dr V Veerappan, Chairman of the Indian Electronics and Semiconductor Association (IESA).슬롯 머신 사이트 추천Semiconductor Industry Growth: Global Chip Business슬롯사이트™s Revenue Jumps 18.1% at USD 626 Billion in 2024, Projected To Reach USD 705 Billion in 2025, Says Gartner Report.

India슬롯사이트™s semiconductor market is projected to grow to $103.4 billion by 2030, powering the $400+ billion electronics market. The government슬롯사이트™s targeted incentives for FABs and OSATs, increased R&D investments, and collaborative industry initiatives are key to propelling India슬롯사이트™s semiconductor sector forward, with significant projects Investment commitment of over $21 billion by IESA member companies in last one year, according to Ashok Chandak, President, IESA.

Focusing on local semiconductor design and manufacturing while reducing import dependency is crucial to strengthening India슬롯사이트™s position in the global electronics ecosystem and retaining economic value in the country. A skilled workforce is the backbone of India슬롯사이트™s semiconductor aspirations. By investing in education and hands-on training, we can equip the youth to lead the sector슬롯사이트™s transformation.

The 'Make in India' initiative has enabled the domestic production of critical components and sub-assemblies such as chargers, battery packs, mechanics of all types, USB cables, and more complex components like Lithium Ion Cells, speaker and microphones, display assemblies and camera modules. The setting up a semiconductor manufacturing base in the country has been an important part of 슬롯사이트˜Make in India슬롯사이트™, which India has been attempting to achieve for over six decades.

With the launch of the India Semiconductor Mission and the five major projects which have been approved, starting with Micron, the two projects by Tata Electronics, the one project by CG Power, and the last project by Keynes, a real manufacturing base of semiconductors in this country is being established in India.슬롯 머신 사이트 추천Semiconductor Demand in India Likely To Rise to 28% by End of 2026 Amid AI Boom: Report.

Looking forward, the focus will intensify on advancing deeper into the value chain, particularly in the production of components and semiconductors. This shift is part of a broader strategy to enhance self-reliance and establish India as a leading player in the global electronics market.

(The above story first appeared on LatestLY on Feb 09, 2025 12:09 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).