Indian chip design industry to reach $10.2 bn in 2012
CAGR of 17% beats world average in the sector
ISA, the apex trade body representing the Indian semiconductor industry released the ISA-DIT Study on semiconductor design, embedded software and services industry. The study was released by Shri. Kapil Sibal, the Honorable Minister of Communications & Information Technology at ELITEX 2011.
Key highlights are as follows:
- The Indian semiconductor design industry, consisting of VLSI design, embedded software development and hardware/board design is estimated at US$7.5 billion in 2010 and is expected to grow YoY at 17.3% and reach US$ 10.2 billion by 2012
- The top 10 global fabless companies and the top 25 semiconductor companies have operations in India
- The Indian semiconductor design industry employed workforce strength of 160,000 in 2010. Of this the largest number of jobs is in the embedded software space i.e. around 82%.
- Increasing consumer electronic good sales, telecom/ networking market and growth in the use of portable/ wireless products globally, are driving the growth of the semiconductor design industry
- Emergence of technologies like LED screens, 3G, Wi-Max translates into increased demand for semiconductor design
- Automobile electronics in passenger and industrial vehicles are increasingly getting “smarter” with on-board computer systems used to enhance safety and customer experience
Commenting on the report, Poornima Shenoy, ISA President said, “India ranks in the top few countries in the world on the availability of relevant talent plus colleges and the ability for high end design companies to scale up. If we are able to fix the issues of sector specific skills and quality, India could become a world leader in this space. DIT’s support to this study underlines the importance that the Government of India accords to this industry.”
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 over 150 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 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. www.isaonline.org