Semiconductor Industry in India to Reach $52.8 Billion by 2020

The global semiconductor industry is dominated by USA, South Korea, Japan, Taiwan, Singapore, and European Union. The U.S. industry faces challenges to development by some forms of government regulation. The U.S. government regulates exports and certain uses of some types of semiconductors due to their potential dual use in military applications.

Semiconductor industry is estimated to grow from $10.02 billion in 2013 to $52.58 billion in 2020 at CAGR of 26.72%

Semiconductor industry is 100% import based with India importing semiconductors worth $10 billion in 2013. Since In 2013, India spent $169 billion on oil imports, $54 billion on gold imports and $31.5 billion on electronic imports.

Mobile devices are expected to grow at CAGR of 33.4% from 2013 to 2020. The contribution to semiconductor revenue is expected to grow from 35.4% in 2013 to 50.7% in 2020.

The growing demand for IT hardware, office automation products and consumer electronics products such as mobile phones and automotive products are driving the demand for semiconductors in India.

Key Players: 
Key players in this market are Samsung, LG, Nokia, Toyota, Hyundai, Flextronics and others.