Date: 12/05/2011

India semiconductor market grew by 28.3% in 2010 says ISA

According to ISA- Frost & Sullivan India Semiconductor Market 2010-2012 India's semiconductor market grew by 28.3% in 2010.

The other points shared by ISA include:

1. Global semiconductor market's cyclical trends has minimal impact on India
2. 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% from 2010 to 2012.
3. Mobile Devices, Telecommunications, Information Technology and Office Automation (IT & OA) are the key drivers of the semiconductor market in India contributing around 82% to Semiconductor TM in 2010
4. Local manufacturing of telecom equipment by OEMs and EMS companies propel related semiconductor cconsumption by 50% during 2010 to 2012
5. National Broadband plan has expanded the telecom infrastructure and enterprise markets which has shown a TM revenue growth of 49.4 % from 2010 to 2012
6. Influenced by regulatory norms and sharpening competition, Automotive segment accounts for the highest growth in semiconductor demand at 31% from 2010 to 2012

Dr.Pradip K Dutta, Chairman, ISA said, "The semiconductor industry in India presents immense potential to contribute significantly to the country's growing economy. In addition, there are strategic reasons for a country of our size and GDP to develop domestic electronics manufacturing ecosystem. 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."