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India semiconductor market grew by 28.3 percent in 2010
By siliconindia
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Thursday, 05 May 2011, 01:54 IST
New Delhi: The Indian semiconductor grew by 28.3 percent in 2010, said a report released by India Semiconductor Association (ISA). According to the report titled, "ISA - Frost & Sullivan India Semiconductor Market 2010-2012", the total semiconductor market (TM) is estimated at $6.55 billion in 2010 and is expected to be $9.86 billion in 2011. This is estimated to grow at a CAGR of 22.7 percent from 2010 to 2012.
The report said that mobile devices, telecommunications, information technology and office automation are the key drivers of the semiconductor market in India contributing around 82 percent to Semiconductor TM in 2010.
Local manufacturing of telecom equipment by OEMs and EMS companies propel related semiconductor cconsumption by 50 percent during 2010 to 2012. It further said that national broadband plan has expanded the telecom infrastructure and enterprise markets which have shown a TM revenue growth of 49.4 percent from 2010 to 2012. In the same period, automotive segment, influenced by regulatory norms and sharpening competition, accounts for the highest growth in semiconductor demand at 31 percent.
For a country like India, there are strategic reasons to develop domestic electronics manufacturing ecosystem, said Pradip K Dutta, Chairman, ISA. "We need local manufacturing to reduce the import bill of electronic components and are quite optimistic about the government's efforts to encourage local manufacturers", he added.
