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India poised to be world's biggest semiconductor market: Gartner

Mumbai, April 9, 2012—Rising incomes, consumer spend trends and a helpful regulatory regime have combined to make India the world’s fastest growing market for semiconductor consumption for 2012, finds a Gartner study. Semiconductor revenue is projected to total $9.2 billion this year, a 20 percent increase from 2011.
Says Ganesh Ramamoorthy, Research Director at Gartner: "Semiconductor consumption in India is being driven from the changing demographics, increasing consumer affluence, economic growth and favourable government policy. Global electronic equipment manufacturing companies continue to expand their production facilities in India. The recent announcement by Nokia to move its mobile phone production facilities to Asia/Pacific is bound to benefit India as well, where Nokia already has a large production facility catering to the growing domestic and neighbouring markets in the region.”

In India, mobile phones, PCs and LCD TVs will account for nearly three-fourths of India’s semiconductor consumption in 2012. Mobile phone unit production is expected to grow 21 percent, with semiconductor revenue for mobile phones totalling $4.8 billion in 2012. PC unit production in 2012 is projected to increase 7 percent, and semiconductor revenue from PCs will reach$1.8 billion. LCD TV unit production in 2012 is projected to increase 47percent, and semiconductor revenue from LCD TV will reach $312 million in 2012.
Worldwide semiconductor spending is expected to reach $316 billion in 2012, a 4 percent increase from 2011, with mobile phones, media tablets, PCs, servers, LCD TVs, solid state drives and set-top boxes accounting for nearly 50 percent of the total semiconductor consumption during 2012. Media tablet unit production is forecast to increase 78 percent over 2011, and semiconductor revenue from media tablets will reach $9.5 billion in 2012. PC unit production in 2012 is projected to increase 4.7 percent, and semiconductor revenue from PCs will reach $57.8 billion. Mobile phone unit production is expected to grow 6.7 percent, with semiconductor revenue for mobile phones totalling $57.2 billion in 2012. www.gartner.com