News Article
Indian electronics market marks an emerging boom in domestic manufacturing
Strong Indicators Point to the Emerging Boom in Domestic Manufacturing of the Electronics Ecosystem, according to a report recently released by the Indian Semiconductor Association (ISA), in conjunction with Frost & Sullivan.
Strong Indicators Point to the Emerging Boom in Domestic Manufacturing of the Electronics Ecosystem, according to a report recently released by the Indian Semiconductor Association (ISA), in conjunction with Frost & Sullivan. Findings in the report state that 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 of the Indian electronics market. The top four semiconductor products that are expected to drive revenues are microprocessors, analogue, 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.Ms. Poornima Shenoy, President, India Semiconductor Association, said, "Indian market place is rapidly evolving with changing dynamics. These findings point to the direction in which the semiconductor market is headed."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. "