India’s semiconductor market is expected to grow at a CAGR of 13.8 per cent in the next five years to $135 billion from $54.3 billion in 2025, outpacing global benchmarks, according to a latest study by
Quess Corp Limited. The report added that the market for advanced chips is set to expand at an unprecedented rate on account of hyperscale capacity to grow by more than 75 per cent by 2030 and EVs targeted to make up nearly a third of all new vehicles.
The report shed light on the rise of new demand avenues – electric vehicles, 5G rollouts and the rapid buildout of data centres.
The report, “The Chip Catalyst: India’s Emerging Semiconductor Ecosystem,” noted that with global semiconductor supply chains under strain—from the US-China tech rivalry to reliance on Taiwan and the rollout of CHIPS Acts in the US and EU—India’s Global Capability Centers (GCCs) are positioning themselves as reliable hubs for talent, chip design, and downstream ATMP (Assembly, Testing, Marking, and Packaging) integration.
Vikram Chip, India’s First Fully Make-In-India
The Vikram chip, developed by ISRO’s Semiconductor Laboratory, is India’s first fully Make-in-India 32-bit microprocessor, engineered to perform reliably under the extreme conditions of launch vehicles.
As part of its efforts to position India as a global hub for semiconductor innovation and manufacturing, Prime Minister Narendra Modi inaugurated the SEMICON India 2025 on September 2 at New Delhi. This fourth edition is India’s largest, with over 350 exhibiting companies from 33 countries and regions and a record number of global stakeholders. SEMICON India 2025 is jointly organized by the India Semiconductor Mission (ISM) under the Ministry of Electronics and Information Technology (MeitY) and SEMI, the global semiconductor industry association.
