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Source : http://www.thechillired.com
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3 comments
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last activity : 07 06 2010 20:18:04 +0000
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Fuelled by telecom, IT and consumer electronics usage, the total market for semiconductors in India is estimated to touch $5.49 billion by 2009, a compounded annual growth rate of 26.7 per cent over $2.69 billion in 2006, according to a report released by Indian Semiconductor Association (ISA) and Frost & Sullivan.
During the same period, the semiconductor total available market revenue – which reflects the semiconductor consumption only in locally manufactured products – is slated to grow even faster at 35.8 per cent to touch $3.18 billion in 2009, from $1.26 billion in 2006, signifying a scorching pace of domestic manufacturing for different electronic products in India.
India’s share in the global semiconductor market is slated to touch 1.62 per cent by 2009 against 1.09 per cent in 2006.
“The global semiconductor total market is growing at 8-9 per cent CAGR, while the India total market is touching 26.7 per cent CAGR till 2009.”
An ISA report released last year had projected that the overall consumption of semiconductors — or the total market revenues — would reach $3.8 billion and semiconductor total available market revenues would be $1.62 billion in 2006, whereas the update now estimates the actual revenues at $2.69 billion and $1.26 billion, respectively.
So it could be said that in the times to come, Indian Chip Industry could outshine others and we too can become chip providers to the world.
What do you think about it. Give in your views and reviews in the from of a comment.
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Fuelled by telecom, IT and consumer electronics usage, the total market for semiconductors in India is estimated to touch $5.49 billion by 2009, a compounded annual growth rate of 26.7 per cent over $2.69 billion in 2006, according to a report... |
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