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INDIAN SEMICONDUCTOR MKT MAY TOUCH US$5.5 BLN IN 2009: REPORT.
NEW DELHI, Sept 3 Asia Pulse - Global chip majors may not be rushing to India but the Indian semiconductor segment is showing potential with the total market revenues expected to reach US$5.49 billion in 2009 driven by telecom, IT, power and broadcasting equipment.
But this may not be enough as India will represent just 1.62 per cent of the global semiconductor market in 2009, which is a small improvement over 1.09 per cent in 2006.
The Indian Semiconductor Association--Frost & Sullivan report update on Friday said "the global semiconductor Total Market is growing at a rate of 8-9 per cent compounded annual growth rate while India's TM is growing at 26.7 per cent CAGR", showing there are strong indicators pointing^ to the emerging boom in the domestic manufacturing in the electronics eco-system.
The growth of Total Available Market (TAM) ...
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Source: HighBeam Research, INDIAN SEMICONDUCTOR MKT MAY TOUCH US$5.5 BLN IN 2009: REPORT.