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Semiconductor growth in India to rise 20 percent in 2012
India will be the fastest growing market for semiconductor consumption
Driven by growing demand for mobile phones, computers, and televisions, semiconductor revenue in India will increase 20 percent to $9.2 billion as the country will become the fastest growing market for semiconductor consumption, according to market researcher Gartner Inc.
Globally, semiconductor revenue is forecast to grow 4 percent to $316 billion in 2012. Mobile phones, media tablets, PCs, servers, liquid crystal display (LCD) televisions, solid state drives, and set-top boxes will account for nearly 50 percent of total global semiconductor consumption during 2012.
In India, mobile phones, PCs, and LCD TVs will account for nearly three-fourths of semiconductor consumption in 2012, according to Gartner. Mobile phone unit production in India is expected to grow 21 percent, with semiconductor revenue for mobile phones totaling $4.8 billion in 2012. PC unit production in 2012 will rise 7 percent and semiconductor revenue from PCs will reach $1.8 billion. LCD TV unit production in 2012 is forecast to increase 47 percent, and semiconductor revenue from LCD TV will total $312 million in 2012.
"Semiconductor consumption in India is being driven from the changing demographics, increasing consumer affluence, economic growth, and favorable government policy," said Ganesh Ramamoorthy, research director at Gartner. He said global electronic equipment manufacturing companies are expanding their production facilities in India.
Ramamoorthy noted that “improving consumer sentiment on the back of strong domestic economic growth and rising disposable income” means that 2012 will be a strong year for semiconductor consumption in India.