The India Semiconductor Association has released a study predicting the semiconductor and embedded design market in India will grow from the current $3.25 billion to $43.07 billion by 2015. The study forecasts that consumption of electronics equipment in India will reach $363 billion by 2015. The semiconductor component of that total will be $36.3 billion.
"At $36.3 billion, India will account for 6.5 percent of global semiconductor revenues. This is by no means a small market," said Rajendra Khare, managing director of Broadcom India in a Red Herring article.
Arun Natarajan is the Founder of Venture Intelligence India, which tracks venture capital activity in India and Indian-founded companies worldwide. View sample issues of Venture Intelligence India newsletters and reports.