New Delhi, Feb. 9 -- Driven by the government's production-linked incentive (PLI) scheme, India'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).

India's semiconductor market is projected to grow to $103.4 billion by 2030, powering the $400+ billion electronics market.

The government's targeted incenti...