India Semiconductor Industry Poised for Expansion

By admin • June 18th, 2010

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The Indian Semiconductor Industry recorded impressive growth in the year 2009 at a rate of 15.6% according to the India Semiconductor Association (ISA).

As a result of this growth the industry is now expected to record revenues of $8.04 billion in 2011, up from the current revenue figure of $5.39 billion. If these predictions are accurate it would mean percentage growth would be at around 22%. The President of the ISA, Poomima Shenoy said the rapid growth shows that the domestic market needs electronic devices, and the semiconductor industry can contribute well to GDP in the years to come.

The growth had mainly been driven through of IT & office automation, wireless handsets, telecommunications and consumer electronics. With India being a top emerging market, the country will continue to need electronic devices as it grows.

Chairman of the ISA, Dr. Biswadip Mitra also commented on the potential of the electronics industry “Electronic Systems Design and Manufacturing (ESDM) is a great opportunity ahead of us. The Total Available Market 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”.

Over the coming years the industry is expected to grow from performances of Wireless Handsets, 3G networks, WiMax, notebooks, set-top boxes and smart cards.

International Government Affairs & Corporate Relations Consultants for Emerging Markets

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