Semiconductor market in India is expected to reach US$ 52.58B by 2020

India has a very large industry base of electronics items, but there is little manufacturing base for semiconductors. As of now India doesn’t have any operational wafer fabrication plants and depends extensively on the imports. Semiconductor industry is 100 percent import based with India importing semiconductors worth $10 billion in 2013. Since In 2013, India spent $169 billion on oil imports, $54 billion on gold imports and $31.5 billion on electronic imports.

Semiconductors are used extensively in various applications, which offer immense potential for the growth of this industry in India.  Semiconductors are used majorly in Mobile Devices, Telecommunications, Information Technology & Office Automation (IT & OA), Industrial, Automotive and other industries (Aerospace, Defense and Medical industries).

The latest research report by NOVONOUS finds that the semiconductor industry is estimated to grow from $10.02 billion in 2013 to $52.58 billion in 2020 at CAGR of 26.72 percent.

According to this research report, mobile devices are expected to grow at CAGR of 33.4 percent from 2013 to 2020. The contribution to semiconductor revenue is expected to grow from 35.4 percent in 2013 to 50.7 percent in 2020.

Telecommunication segment is expected to grow at CAGR of 26.8 percent from 2013 to 2020 and its contribution to total revenue will remain the same at 19.7 percent in 2020.

IT&OA contribution to the total semiconductor revenue will come down from 28.3 percent in 2013 to 17.4 percent in 2020 due to consolidation in this sector. This segment will grow at CAGR of 18.2 percent over the next seven years.

Consumer electronics segment is expected to grow at CAGR of 18.8 percent and the contribution to the total semiconductor revenue will come down from the current level of 5.6 percent in 2013 to 3.5 percent in 2020. Industrial electronics segment is expected to grow at CAGR of 19.6 percent and the contribution to the total semiconductor revenue will come down from current level of 4 percent to 2.7 percent.

Automotive electronics segment is expected to grow faster at CAGR of 30.5 percent from 2013 to 2020; its revenue contribution will increase from 3.2 percent in 2013 to 3.9 percent in 2020.


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