New Delhi, Jan. 29 -- India's semiconductor industry is poised for substantial expansion, with market value expected to nearly double from USD 52 billion in 2024 to USD 103.4 billion by 2030, according to a comprehensive analysis released by the India Electronics and Semiconductor Association (IESA).

The growth trajectory, detailed in a report reviewed by The Financial Express, is primarily driven by the mobile handset, information technology, and telecommunications sectors, alongside contributions from consumer electronics, automotive, aerospace, and defence industries.

IESA Chairman V Veerappan highlighted the market's robust compound annual growth rate of 13 percent through 2030, with particular emphasis on emerging opportunities in ...