How Semiconductor Market Is Poised For Big Growth
With increased focus on the Internet of Things and adoption of newer technologies, the semiconductor industry is poised for a fast-paced growth this year.
According to the Semiconductor Industry Association, 2014 marked the first time that communications was the largest end use application for semiconductors, overtaking the PC/computer end use application category.
The increasing demand for consumer products like smart phones and tablets have spurred significant growth in the communications end market in recent years.The third-largest end-use category in 2014 was the consumer category at 12.9 percent of the total market, the fourth largest was industrial/government at 11.7 percent, and automotive was fifth at 10.4 percent.
“Global sales have increased on a year-to-year basis for 21 consecutive months and remain strong across most regions and product categories,” said John Neuffer, president and CEO, Semiconductor Industry Association.
As for India market, Rajiv C Mody, Chairman and Managing Director, Sasken, writes on the IESA website that there is going to be upsurge in complete product engineering segment which can serve local market, and hence reducing total import. He feels what is needed is, right policy support to enable manufacturing within country which will boost ESDM industry growth tremendously.
“The exciting space of “Internet of Things” or “everyday device connectivity” to each other and to the Internet is going to bring about innovation in embedded processing and communication protocols that would have to operate in extremely constrained and tight low power requirements,” he says.Major semiconductor players are banking on the design capabilities available in India.
“Apart from defence, automotive electronics is another key area where there is a high value addition. Major changes can happen in our manufacturing ecosystem if mobile phones are manufactured in India as the category constitutes almost 35-40% of the electronic market in the country today,” says M N Vidyashankar, president, India Electronics and Semiconductor Association (IESA), the premier trade body representing the Indian Electronic System Design and Manufacturing (ESDM) industry.
“Our country has all the right ingredients to be a preferred destination for design and manufacturing of high volume electronic products. Make in India will give the right thrust in transforming the country to become ‘Design Led Electronics Manufacturing hub,” he had told CXOToday.Meanwhile, IESA has signed a memorandum of understanding with Taiwan Electrical and Electronic Manufacturers’ Association (TEEMA) with an objective to promote ESDM industry co-operation and investment promotion to benefit both Indian and Taiwanese companies.
The collaboration will focus on establishing strong India-Taiwan relationship and create a differentiating proposition for India in the field of electronics and ICT. Moreover, IESA will encourage Taiwan-based electronics companies to bring more investments and commitments to the ICT ecosystem in the country and also, partner with Indian companies around technology and knowledge transfer.
- IoT Knowledge Gaps Exist In Consumer Product Industry
- Cloud Computing Driving Innovation For Next Generation
- There's No Stopping The IoT Growth; Here's Why
- Air Transport Sector Turning To Artificial Intelligence
- Nasscom Believes IT industry Will Perform Better Next Fiscal
- Connected Cars, Beyond The Paradigm
- Why Industry 4.0 Is The Future Of Manufacturing
- NetApp Appoints Senior Execs To Strengthen India Business
- Escaping Automation-Led Redundancy In The Indian IT Industry
- Weekly Rewind: Top 10 Stories On CXO Today (Sep 4-9)