India's semiconductor sector is poised for significant growth in 2024, driven by government initiatives and investments. The National Electronics Policy and the $10 billion Production-Linked Incentive (PLI) scheme for semiconductor manufacturing are boosting India's chipmaking aspirations . Budget 2024 has also allocated additional funds for the semiconductor ecosystem and established a $12 billion innovation corpus to incentivize research and development .
India has a unique advantage, with 20% of the world's semiconductor design workforce and a thriving domestic market . The country aims to expand its semiconductor market size to $110 billion and secure 10% of the global market by 2030 . To achieve this, India needs to focus on developing its supply chain, manufacturing capabilities, and research and development.
Unlock the potential of India's semiconductor revolution with our 2024 comprehensive report. Explore the latest trends, innovations, and regulatory updates transforming semiconductor sector. Discover top players, investment opportunities, and growth drivers fueling India's booming semiconductor landscape. Stay ahead of the curve and make informed decisions with our in-depth research and expert analysis.
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