India슬롯사이트s Semiconductor Market Driven by PLI Scheme Projected To Surpass USD 100 Billion in Revenues by 2030: Report
India슬롯사이트s semiconductor market is set to cross $100 billion in revenues by 2030, driven by government initiatives like production-linked incentive (PLI) scheme amid robust demand to build digital infrastructure across industries, according to a report on Wednesday.
New Delhi, October 16: India슬롯사이트s semiconductor market is set to cross $100 billion in revenues by 2030, driven by government initiatives like production-linked incentive (PLI) scheme amid robust demand to build digital infrastructure across industries, according to a report on Wednesday.
Mobile handset, IT and telecom segments are leading the semiconductor industry, contributing more than 75 per cent of its revenues, according to a report by the India Electronics and Semiconductor Association (IESA) and Counterpoint Research.슬롯 머신 사이트 추천India To Become Next Semiconductor Manufacturing Hub, Says Union Minister Ashwini Vaishnaw.
The government슬롯사이트s $9.1 billion 슬롯사이트Semicon India슬롯사이트 programme aims to boost semiconductor manufacturing and workforce development, driving innovation and growth in India슬롯사이트s tech ecosystem. 슬롯사이트India has created one of the largest smart populations in the world, powered by semiconductors operating in the background. Semiconductors have a profound commercial, strategic and social impact,슬롯사이트 said Ved Prakash Mall, Director, IESA.
Semiconductors play a crucial role in sectors such as electronics manufacturing, digital transformation, defense, aerospace, renewable energy, IoT, healthcare, automotive and research. India슬롯사이트s semiconductor market was valued at $45 billion in 2023 and is projected to rapidly grow at a CAGR of 13 per cent to surpass $100 billion by 2030.
Tarun Pathak, Research Director at Counterpoint Research, said that the handset sector is the leading force in India슬롯사이트s semiconductor industry, playing a crucial role in the country슬롯사이트s digital transformation as more consumers transition from feature phones to smartphones. 슬롯사이트This growth is driven by the increased use of social media, OTT platforms, affordable prices, accessible data, and the expansion of the 5G network. At the same time, India슬롯사이트s IT sector is thriving, supported by pandemic-driven digitalisation and government initiatives like 슬롯사이트Digital India슬롯사이트 and 슬롯사이트Make in India슬롯사이트,슬롯사이트 he mentioned.
Union Minister for Electronics and IT, Ashwini Vaishnaw, said this month that India is moving towards becoming the next semiconductor hub for the world as big investment is happening in this sector in the country. More than Rs 1.52 lakh crore (nearly $18 billion) worth of investments have come in India슬롯사이트s semiconductor manufacturing space in a short span of time and several projects are already in the pipeline.슬롯 머신 사이트 추천India Needs To Create 100 Million Jobs To Meet Employment Needs of Growing Workforce: Tata Sons Chairman, N Chandrasekaran.
Counterpoint Research Vice President Neil Shah said that The telecom sector, with the ongoing 5G and fibre network rollouts, is central to this expansion. 슬롯사이트Projects like BharatNet and solutions such as fixed wireless access (FWA) are playing a pivotal role, especially in regions where fiber deployment is challenging. The semiconductor demand in India will be driven by the need for high-speed connectivity,슬롯사이트 Shah noted.
(The above story first appeared on LatestLY on Oct 16, 2024 11:26 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).