India Semiconductor Design Industry To Grow 21.7 %

24 Apr 2008 | Print | Digg! Digg IT! | del.icio.us del.icio.us | Permanent Link

Indian semiconductor and embedded design service industry is estimated to grow at 21.7 per cent between 2007-2010, says an industry report.

The total design market in India in 2007 was estmiated at USD six billion. Eightyone per cent of the revenues were in the area of embedded software followed by VLSI design (13 per cent) and hardware/board design (six per cent), the “India semiconductor and embedded design service industry (2007-2010): Market, technology and ecosystem analysis” said.

The total workforce employed in the design services industry in India was estimated at 130,000 in 2007. Of this, the bulk of the jobs were in embedded software (82 per cent) followed by VLSI design (11 per cent) and hardware/board (seven per cent).

The key factors that determine the growth of the design sector in India are: the growing expertise and capabilities in complex end-to-end design; strong IP development and talent, according to the report released by the India Semiconductor Association (ISA) and IDC (India).

“The Indian semicon design industry with over 200 companies is on a strong growth trajectory. Our growth is nearly 22 per cent which is three times the global growth rate of around seven per cent. We are looking eastward for business and collaboration heralding a new era in the future of the sector”, ISA President Poornima Shenoy said.

IDC India’s Country Manager, Kapil Dev Singh said the Indian semiconductor and embedded design services market has grown consistently over the last five years and the market is expected to cross the $7.37 billion mark in 2008.

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