Indian Semiconductor Market Exhibits Phenomenal Growth in 2009

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Nov 1, 2013 (3 years and 7 months ago)

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Indian Semiconductor Market Exhibits Phenomenal Growth in 2009
India Semiconductor Association (ISA), the apex trade body representing the Indian semiconductor industry today
released the ISA-Frost & Sullivan India Semiconductor Market 2009 - 2011 update
Bengaluru, Karnataka, June 17, 2010 /
India PRwire
/
-- India Semiconductor Association (ISA), the apex trade
body representing the Indian semiconductor industry today released the ISA-Frost & Sullivan India Semiconductor
Market 2009 - 2011 update. The report was released by Dr. M M Pallam Raju, Minister of State for Defense,
Government of India.
Executive summary:
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 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.
Key findings:
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.
The rapid growth of manufacturing index of electronic products in the country is seen in the following
segments- wireless handsets, telecommunications and IT & Office Automation (OA).
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 Dr. 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, Mr. Anand Rangachary, MD, 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".
Notes to Editor
About India Semiconductor Association
ISA is the premier trade body representing the Indian Electronic System Design and Manufacturing ESDM industry
and has represented it since 2005. It has around 140 members -both domestic and multinational enterprises. ISA is
committed towards building global awareness for the Indian ESDM industry and supporting its growth through
focused initiatives in developing the ecosystem. This is through publishing credible data, networking events and
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alliances with other international associations. ISA works closely with the Government as a knowledge partner on
the sector, both at the centre and at the state level. ISA has played a prominent role in supporting the Government
of India in the formation of the Semiconductor Policy 2007. It has helped the Government of Karnataka in the
formation of the State Semiconductor Policy 2010.
www.isaonline.org

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