India, Sept. 23 -- India's semiconductor market is projected to grow more than threefold from nearly US$64 billion in 2026 to US$200 billion by 2035, creating a significant opportunity to convert domestic demand into manufacturing, innovation and supply-chain resilience, according to EY-IESA report, Semicon India 2.0: From capacity creation to ecosystem leadership.

As per the EY-IESA report, consumer electronics accounts for 30% of India's semiconductor market, followed by automotive at 16% and industrial applications at 15%, while AI, data centres, telecommunications, electric mobility, and advanced manufacturing are creating new growth avenues.

Semiconductor imports increased more than five-fold from US$5.7 billion in FY17 to US$30.3 ...