India’s semiconductor market projected to grow threefold to US$200 billion by 2035: EY-IESA report

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 applicat