New Delhi, April 13 (IANS) According to a report by the Finance Firm UBS, the Indian semiconductor industry’s revenue is estimated to double $ 54 billion to $ 108 billion between 2025 and 2030.
The report hoped that India will benefit from the US-China tariff war and the Chinese economy will be damaged on the other side. Along with this, India will emerge as a strong option for global legendary companies wishing to establish a supply chain.
The report stated that there will be a strong growth in the market of semiconductor in India and localization is a big opportunity.
The UBS said that the compound annual growth rate (CAGR) for the Indian semiconductor industry estimates our forecast for the global semiconductor and market, the credit goes to India’s favorable demographic, due to which the demand for electronics is strengthened and advanced semiconductor is being rapidly adopted. Also government policy is favorable.
The report stated that India holds only 0.1 percent stake in global wafer capacity. At the same time, about 1 percent in the country’s annual equipment expenditure and 6.5 percent in the demand for semiconductor.
According to the report, major technical companies are evaluating the transfer of their supply chains amid tariff uncertainties launched by Donald Trump Administration in the US
The report states that some companies have started working on their “China Plus One” strategy by diversification in their last assembly places beyond China. India can benefit from this, as global companies are seeing India as an alternative compared to China.
The report said that India is a large market for global semiconductor, which is estimated to be $ 54 billion in 2025.
-IANS
ABS/
