Indian Semiconductor Industry Is Growing
India Semiconductor Association (ISA) and the global growth consulting company, Frost & Sullivan, have released two comprehensive reports on the Indian semiconductor industry.
The reports include a detailed assessment of the electronic equipment consumption and the semiconductor content for 20 semiconductor product categories across 52 end user product segments.
The first report, ‘India Semiconductor Market, 2005-15: Growth, Trends and Forecasts’, is an analysis of the growing semiconductor content in the electronic equipment end user markets and its impact on the Indian semiconductor market.
The second report, ‘India Semiconductor and Embedded Design Market, 2005-15: Growth, Trends and Forecasts’, comprises detailed analysis and forecasts of the semiconductor and embedded design market. It also outlines engineering manpower costs and future requirements.
The study estimates that consumption of electrical equipment in the country will rise at a CAGR of 29.8% and would reach $363 billion by 2015. The total market for semi conductors will rise to $36.3 billion by 2015.
The report states that in 2005 Indian electronics equipment production grew by 25% and is expected to reach 34% by 2015. The manufacturing of Indian electronics equipment is expected to grow at 5.5 times the global production by 2015.
The second report reveals that the semiconductor and embedded design industry in India is expected to reach $43 billion by 2015 growing at a CAGR of 30%. Growth of Indian design activity is due to the growing local markets, industry participants and academics participating in manpower training, low-cost design talent, short product lead-times, reduced barriers to entry, government support, and improved infrastructure.
Rajendra Khare, Chairman, ISA said, “This is our first strategic study on the Indian semiconductor space and we hope that it will provide direction for sound business plans, facilitate the ideation and innovation processes and help identify customer needs in the semiconductor industry.”
Aditya Sapru, MD & Partner, South Asia and Middle East, Frost & Sullivan, added, “The semiconductor market in India will see heightened activity with the increase in electronics equipment manufacturing industry in India.”
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