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Indian semiconductor revenue to reach Rs.45,545 cr in 2012

Posted: 10 Apr 2012     Print Version  Bookmark and Share

Keywords:India semiconductor  research 

India semiconductor revenue is projected to total Rs.45,545 crore ($9.2 billion) in 2012, a 20 per cent increase from 2011. According to the market research firm Gartner, India is the fastest growing market in terms of semiconductor consumption for 2012.

"Semiconductor consumption in India is being driven from the changing demographics, increasing consumer affluence, economic growth and favourable government policy," said Ganesh Ramamoorthy, research director, Gartner.

In India, mobile phones, PCs and LCD TVs will account for nearly three-fourths of India's semiconductor consumption in 2012.

Mobile phone unit production is expected to grow 21 per cent, with semiconductor revenue for mobile phones totalling Rs.23,762.38 crore ($4.8 billion) in 2012. PC unit production in 2012 is projected to increase 7 per cent, and semiconductor revenue from PCs will reach Rs.8,910.89 crore ($1.8 billion). LCD TV unit production is estimated to grow 47 per cent, with semiconductor revenue reaching Rs.1,544.55 crore ($312 million).

Ramamoorthy added, "Global electronic equipment manufacturing companies continue to expand their production facilities in India. The recent announcement by Nokia to move its mobile phone production facilities to Asia/Pacific is bound to benefit India as well, where Nokia already has a large production facility catering to the growing domestic and neighbouring markets in the region. As a result, semiconductor consumption is set to grow at a rapid pace."

Globally, the semiconductor spending is expected to reach Rs.15.64 lakh crore ($316 billion )in 2012, a 4 per cent increase from 2011, with mobile phones, media tablets, PCs, servers, LCD TVs, solid state drives and set-top boxes accounting for nearly 50 per cent of the total semiconductor consumption during 2012.

"The improving consumer sentiment on the back of strong domestic economic growth and rising disposable income should prove 2012 a strong year for semiconductor consumption in India," Ramamoorthy said.

For more statistics and forecasts, click here

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