New Delhi, Delhi, India
India Semiconductor Association (ISA), along with Frost & Sullivan, today released the ISA Frost & Sullivan report update 2007/08. The report was released by Shri. Ashwani Kumar, Honourable Minister of State for Industry, Government of India, in the presence of Mr. S. Janakiraman, Chairman, India Semiconductor Association.
The report covers segments addressing application domains including telecommunications, IT & OA, consumer electronics, industrial electronics, automotive electronics, defense, aerospace and retail. It includes details of the Indian market for 2007 - 2008 with projections for semiconductors till 2009.
Mobile handsets, desktops and notebooks, GSM base stations, set top box and energy meters are the top five end-user products that are expected to drive growth. The top four semiconductor products that are expected to drive revenues are microprocessors, analog, memory and discretes.
The growth of Total Available Market (TAM) revenues from $1.26Bn in 2006 to $3.18Bn in 2009 stands at 35.8% compared to 26.7% for Total Market (TM) revenues from $2.69Bn in 2006 to $5.49Bn in 2009. TAM represents semiconductor usage in local manufacturing and its growth faster than TM is signifying increasing domestic manufacturing for different electronic products in India.
Speaking on the occasion of the release, Ms. Poornima Shenoy, President, India Semiconductor Association, said, "Indian market place is rapidly evolving with changing dynamics. These findings are pointers to the direction in which the semiconductor market is headed. The decision to update the report is due to the evolving market place, new technology innovation and constantly changing dynamics."
Mr. Anand Rangachary, Managing Director, South Asia & Middle East, Frost & Sullivan, said, "Global semiconductor Total Market is growing at a rate of 8% to 9% CAGR where as India Total Market is growing at 26.7% CAGR till 2009. India, which represented 1.09% of Global semiconductor market in 2006, will be 1.62% by 2009. As domestic demand for all electronics products is growing, India is emerging as one of the fastest growing region in the world. "
About Frost & Sullivan
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective, and combines ongoing analysis of markets, technologies, econometrics, and demographics. For more information, visit www.frost.com.
About India Semiconductor Association (ISA)
ISA is the trade body representing the Indian semiconductor driven industry. ISA has around 130 members from the semiconductor driven industry from India and outside it as also its ecosystem. ISA is committed towards building global awareness for the Indian semiconductor driven industry and supporting its growth through focused activities. ISA has played a prominent role in supporting the Government of India in the Semiconductor Policy. This landmark decision will foster the development of the sector with major impact on the economy and in the creation of jobs. Also visit our website www.isaonline.org
Source: Business Wire (Business Wire India)
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