Archive · 26 Jul 2026
Semiconductors and spacetech unlock $500 bn-$1 tn market opportunity
Ajay Modi, a director at Piper Serica, believes that semiconductors, spacetech, and deeptech industries could create a huge market opportunity worth $500 billion to $1 trillion.
This is because India is not just using advanced technologies but also building them.
The government is supporting these sectors with big initiatives like the India Semiconductor Mission.
Both traditional business families and new wealth are investing in these areas.
Venture funds are helping investors access these emerging technologies.
The investments are expected to grow over the next few years as these sectors become more mainstream.
Semiconductors, spacetech, and deeptech could create a $500 billion to $1 trillion market opportunity in India.
Government initiatives like the India Semiconductor Mission and Mobile Phone Manufacturing Scheme are driving growth in these sectors.
Both traditional business families and first-generation wealth are investing in these emerging sectors.
Venture funds are helping investors access deeptech and spacetech investments by pooling capital and providing expertise.
The biggest opportunities lie in industrial automation, defence, drones, and logistics, with a focus on components and chips.
- Who
- Ajay Modi, Director at Piper Serica
- What
- Potential market opportunity in semiconductors, spacetech, and deeptech
- When
- Present and future economic growth
- Where
- India
- Why
- Government initiatives, private capital, and technological capabilities
Traditional Business Families
First-Generation Wealth
Investment Approach
Traditional Business Families
Traditional business families are allocating to emerging sectors as a natural extension of their existing businesses, treating it as a strategic diversification.
First-Generation Wealth
First-generation wealth is chasing these themes with a sharper technology thesis, having built their fortunes in the new economy.
Access to Deeptech Investments
Traditional Business Families
Traditional business families may find direct exposure to deeptech challenging due to technical diligence and sector depth.
First-Generation Wealth
First-generation wealth may have more familiarity with technology sectors, making them more comfortable with direct investments.
- Market Opportunity
- $500 billion to $1 trillion
- Key Sectors
- Semiconductors, spacetech, deeptech
- Government Initiatives
- India Semiconductor Mission (ISM) 2.0, Mobile Phone Manufacturing Scheme, strategic package
- Investor Types
- Traditional business families, first-generation wealth
- Investment Vehicles
- Venture funds
- Notable Investments
- SenseSemi, Pantherun Technologies, Astrogate Labs, Xovian Aerospace