The India Semiconductor Association (ISA), in collaboration with Frost & Sullivan, has released the sixth report on the India electronics, system design and manufacturing (ESDM) market (2011-2015).
The report indicates that the Indian ESDM industry is on a growth trajectory of 9.9 per cent CAGR, from $64.6 billion in 2011 to a forecasted $94.2 billion in 2015.
The key findings of the report include:
- The reliance on imports continues to be high, with 65 per cent of the demand for electronics products being met by imports. In the absence of policy interventions, imports are likely to grow from $28 billion in 2011 to $42 billion in 2015.
- Value added manufacturing is set to decline to 6.7 per cent in 2015, resulting in a cumulative opportunity loss of $200 billion between 2011 and 2015.
- The overall semiconductor market is expected to grow from $6.03 billion in 2011 to $9.7 billion by 2015. Local demand and sourcing is expected to grow from $2.9 billion in 2011 to $3.6 billion in 2015, due to heavy reliance on imported electronic products.
- Achieving 50 per cent of total domestic manufacturing by 2015 will create additional direct employment.
