The India semiconductor market grew 15.6% in 2009 in contrast to the global market that shrunk by 11% from 2008.Wireless handsets, 3G networks, WiMax, notebooks, set-top-boxes and smart cards are poised to primarily drive the semiconductor market in India.
Telecommunications infrastructure development related domestic semiconductor consumption to grow by a massive 132.5% from 2009 to 2011.
These are the highlights of the Indian Semiconductor Association ( ISA)-Frost & Sullivan India Semiconductor Market 2009 - 2011 update released in Delhi on June 18 2010 by M M Pallam Raju, Minister of State for Defence,
The key numbers:
The Total Semiconductor Market (TM) revenues poised to grow from $5.39 billion in 2009 to $8.04 billion in 2011. The market is estimated to grow at a CAGR of 22.1%.The corresponding period is expected to witness a phenomenal CAGR of 34.8% in the Total Semiconductor Available market (TAM). TAM revenue is anticipated to climb to $4.84 billion in 2011 from $2.66 in 2009.
Releasing the report, Poornima Shenoy, President, ISA said "The semiconductor industry in India is growing at a CAGR of nearly 22%. This points to the rapidly growing domestic market which necessitates the need to have electronics as a national agenda. It can contribute substantially to the GDP in the years to come".
"Electronic Systems Design and Manufacturing, or ESDM, is a great opportunity ahead of us. The Total Available Market (TAM) for the Indian electronics industry is anticipated to rise significantly to $37.1 billion in 2011 from $25.4 billion in 2009, with a Compounded Annual Growth Rate (CAGR) of 21.4 percent," said Biswadip (Bobby) Mitra, Chairman, ISA. "We will drive the ESDM agenda across multiple segments such as Telecom, Industrial, Automotive, Consumer, Healthcare, etc. ISA will work closely with electronic systems companies and OEMs across the country to take this agenda forward."
Commenting on the India Semiconductor market report 2010, Anand Rangachary, Managing Director, Frost & Sullivan, said "The Indian semiconductor market is presently being driven by the segments of IT & office automation, wireless handsets, telecommunications and consumer electronics. The next 2 years' forecast promises to be exciting with growth in 3G Networks, WiMAX networks, wireless handsets, notebooks, set-top-boxes and smart cards set to drive semiconductor sales. By end of 2010, India's share in the global semiconductor market is expected to be 2.28% and will be one of the fastest growing semiconductor markets globally".
June 21 2010