 The
semiconductor industry is the assimilation of like-minded companies engaged in the
design and fabrication of semiconductor devices with the long-term objective of
making life simpler for every human.
The semiconductor industry is widely recognized as a key driver for economic growth
in its role as a multiple lever and technology enabler for the whole electronics
value chain. The industry enables the generation of some $1,200 billion in electronic
systems business and $5,000 billion in services, representing close to 10% of world
GDP. Hence, within the plethora of applications, there is a constant need for semiconductors
to lever high degrees of flexibility and innovation in order to constantly adjust
to the rapid pace of change in the electronics market.
International Data Corporation (IDC) expects global semiconductor revenue to reach
$274 billion, $295 billion, and $344 billion in 2010, 2011, and 2014, respectively,
with a compound annual growth rate (CAGR) of 8.8% over the 2009-2014 forecast period.
India is anticipated to emerge as a semiconductor export hub by 2015, mainly due
to favorable government policies, qualified pool of professionals, supporting hardware
production and low costs of freight, says “Semiconductor Industry Forecast
to 2012”, a market research report by RNCOS.
In 2009, India’s semiconductor industry recorded growth of 15.6% to reach
$5.39 Billion, and now this growth is likely to expand further. The domestic semiconductor
consumption related to the telecommunications infrastructure development will post
a whopping 132.5% growth from 2009 to 2011. By the end of this year, country’s
share in the world semiconductor market is likely to reach 2.28%, making India one
of the fastest growing semiconductor markets in the world!
The semiconductor market in India is currently being driven by IT & office automation,
telecommunications, wireless handsets and consumer electronics segments. However,
considering the abrupt surge in sales of digital cameras, digital TV sets, smartphones
and other products across the world, all leading chip makers are looking to make
heavy investments in capacity expansion. This will further boost the semiconductor
market.
All said and done, for us simple minds, semiconductor technology is here to stay
with its ability to continuously innovate and enthuse while delivering bleeding-edge
products onto the hands of the next billion!
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