SAN FRANCISCO—India is expected to be the fastest growing market in terms of semiconductor assumption in 2012, according to market research firm Gartner Inc.
India's chip consumption is projected to rise to $9.2 billion in 2012, up 20 percent from 2011, Gartner said.
"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, in a statement.
Ramamoorthy noted that global electronic equipment manufacturers continue to expand their production facilities in India and said the recent announcement that handset maker Nokia will move its production facilities to the Asia-Pacific region is bound to benefit India, where Nokia already has a large production facility. "As a result, semiconductor consumption is set to grow at a rapid pace," Ramamoorthy said.
Gartner (Stamford, Conn.) projects that global semiconductor spending will reach $316 billion in 2012, a 4 percent increase from 2011, with mobile phones, media tablets, PCs, servers, LCD TVs, solid state drives and set-top boxes expected to account for nearly 50 percent of the total semiconductor consumption.
In India, mobile phones, PCs and LCD TVs will account for nearly three-fourths of India's semiconductor consumption in 2012, Gartner predicted.
"The improving consumer sentiment on the back of strong domestic economic growth and rising disposable income should prove 2012 a strong year for semiconductor consumption in India," Ramamoorthy said.
The article mentioned that a lot of manufacturers are building facilities in India, resulting in the increase of semi-conductor consumption.
There is no doubt that manufacturers are expanding their territories to various countries. India and Vietnam are among the countries. As India's semiconductor consumption is projected to raise to $9.2b in 2012. How does it compare to China's? What about the other countries such as Vietnam and Malaysia?
India is among the largest electronics market it is a fact the most of the semiconductor devices and electronics products are being imported in India. But if the government can provide a positives to the contract manufacturing the figures shown in the reports will change drastically. In India Gujarat state is very dynamic in hosting the industries, within a very short period of time it has become the Hub of Automobile Industries, the same thing can also happen true if some electronics giant approaches Government of Gujarat, as the 90% if the defined Electronics Zone if unoccupied in Gujarat. It is a great opportunity for the Manufactures in India if the business model clicks them.
Join our online Radio Show on Friday 11th July starting at 2:00pm Eastern, when EETimes editor of all things fun and interesting, Max Maxfield, and embedded systems expert, Jack Ganssle, will debate as to just what is, and is not, and embedded system.