IESA Report Reveals Huge Market Growth of about USD 32.35 bn by 2025 for the Indian Semiconductor Component Market

The semiconductor industry is by and by the budding sector which can build itself as a stand-alone industry in the coming years. Especially focusing on the current scenario of the the semiconductor industry in India, recently, a report by the India Electronics and Semiconductor Association (IESA) in collaboration with MarketsAndMarkets has stated that the Indian semiconductor component market is expected to be worth USD 32.35 billion by 2025, growing at a CAGR of 10.1% between 2018 and 2025. The report was launched at the Vision Summit this year by Ashwini K Aggarwal, Chairman, IESA; Anilkumar Muniswamy, Director, SLN Technologies Ltd. and Jitendra Chaddah, Chair, Fabless CIG and Senior Director, Strategic Relations and Operations, Intel India.

The report analyzes the following key:

• The key trends identified in the report include; Smart Industrial Automation, Defense, and Rural Broadband
• It elaborates on the Indian semiconductor design ecosystem; and highlights the various opportunities for major global semiconductor players to consider India as their global R&D destination
• It revealed that India is a highly attractive destination for global R&D centers owing to the availability of talent, as well as lower cost (compared with the US and Western Europe).

In addition, the study also highlighted the current status of the Fabless Semiconductor industry in India and what are the opportunities for the industry to grow in the years to come. The report further analyzed the technological challenges in India and the potential of the fabless semiconductor start-ups to bring forward improved technologies.

The inaugural session was presided over by Priyank M Kharge, Honorable Minister for IT, BT and S&T, GoK. Sharing the stage was Dana Kursh, Consul General of Israel to South India, Shailendra Tyagi, Director, STPI Bangalore, who addressed the audience on the necessity to refocus on the unbridged talent pool, need for accelerating investment promotions, international alliances, start-up ecosystem and policy implementation to strengthen India’s contributions in Design-led Electronics Manufacturing.

Ashwini K Aggarwal, Chairman, IESA addressing the Summit said, “We are witnessing the rise of a new India with a stable government clearing policy logjams, taking bold decisions and ambitious targets. With digital as the growth hack and aggressive engagement from the government’s “Make in India” campaign, the ESDM industry will benefit and is projected to see investment proposals over $1.5 Bln over next 2 years. We believe that now is the time to build the future of design-led manufacturing. The fabless report clearly highlights the opportunities for the Indian fabless ecosystem. This year’s theme at IESA Vision Summit 2018 is dedicated towards building the industry success by highlighting opportunity areas and addresses the challenges being faced.”

Further, during the launch of SFAL and fabless report, Jitendra Chaddah, Chair, Fabless CIG, IESA, and Senior Director, Strategic Relations and Operations, Intel India said, “Given the availability of abundant talent and chip design expertise in India, I am very excited about the tremendous opportunity we have to accelerate the semiconductor fabless  ecosystem in the country. The SFAL (Semiconductor Fabless Accelerator Lab) announcement by the Govt. of Karnataka in collaboration with IESA and the release of the fabless report are going to be key ingredients to enable India in becoming a Design-led Electronics Manufacturing hub in the coming years. This initiative also reinforces this year’s Vision Summit that is focusing on `Resurgent India: Electronics, Entrepreneurship, and Economy’, with a vision to tap the opportunities in the ESDM sector.”

Full report: Click here