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India's semiconductor demand is projected to rise from USD44 billion in 2025-26 to about USD90 billion by 2029-30.
The report was unveiled at Semicon India 2026 by KPMG in India with the India Deep Tech Alliance and Nishith Desai Associates.
It says mobile and wearables will be the largest segment, at about USD42.13 billion.
The report highlights government initiatives including Semicon 1.0 and 2.0 and the DLI Scheme.
Why it mattersThe report signals how quickly India’s chip market is expanding and what it could mean for manufacturing investment, supply chains, and policy support.
More context
It also argues for a dedicated trade secrets statute to protect confidential technical know-how.
The document maps out patent applications over the past decade and says there were about 78,000 published patent applications over that period to June 2026.
The report frames the opportunity around domestic manufacturing, design talent, and supply-chain resilience.