BANGALORE, India – Cyclical global chip market trends had little impact on India during 2010, with its semiconductor market growing by 28 percent to an estimated $6.55 billion, according to a report.
Chip content in domestic products, most of which are made by foreign-owned factories here, accounted for just under half the total value of the Indian semiconductor market.
The India Semiconductor Association, which released the estimate along with researcher Frost & Sullivan, also called on the national government to frame a policy for boosting domestic electronics manufacturing. Previous efforts have fallen far short of expectations.
Mobile devices constituted 32 percent of the Indian chip market, followed by computing and office automation equipment with 31 percent. The two segments are expected to account for most of the semiconductors used in India over the next several years too, the report predicted.