Industry News

Counterpoint: India to become the world's second largest semiconductor consumer market

Update time : 2022-08-20 13:55:47

The India Semiconductor Market Report 2019-2026, jointly compiled by the Indian Electronics and Semiconductor Association (IESA) and Counterpoint, was recently released. According to the report, India's semiconductor market is expected to reach a cumulative consumption of $300 billion between 2021-2026, making it the second largest semiconductor consumer market in the world.
Tarun Pathak, director of consultancy Counterpoint, said the mobile and wearables industry is the biggest contributor to India's semiconductor consumption in 2021, with the popularity of affordable mobile Internet, accelerated smartphone penetration, and the increased value share of high-performance processors, memory, sensors and other semiconductor components in end products, continuing to drive market growth.
Looking at the medium to long-term market outlook, Neil Shah, vice president of Counterpoint, said communications and automotive will be key areas of semiconductor consumption in India beyond mobile and wearables.
From 2021 to 2026, India's end electronic devices market size will achieve a compound annualized growth rate of 19%, most of the semiconductor components are still dependent on imports, domestic production can only meet 9% of demand, the report believes that under the effective incentives, India's local semiconductor industry development potential is expected to accelerate the release.
Sunil G Acharya, vice president of IESA, said the semiconductor industry will play an important role in India's economic growth, and the combination of demographic dividend and the influx of foreign investment will change the face of India's semiconductor industry in the coming years.
Counterpoint analyst Shivani Parashar said that India should focus on the development of integrated circuit design industry ecosystem, laying a solid application foundation for chip manufacturing, and the industrial policy is expected to drive India's local semiconductor self-sufficiency rate to 17% by 2026, with the scale of the local industry growing about six times.

WLS Electronics has a lot of electronic components stock, you can search to get the stock information of all products, or contact us directly （sales@wlschip.com）to get the latest stock information

Previous : The net profit of Samsung's China Semiconductor subsidiary fell sharply in the first half of the year, and the net loss of SK Hynix's subsidiary expan

Next : The chip chopping extends to autos, industrials and semiconductor giants such as Micron

How many chips does a car need?

Sep .19.2024

Automotive chips can be divided into four types according to their functions: control (MCU and AI chips), power, sensors, and others (such as memory). The market is monopolized by international giants. The automotive chips people often talk about refer to

Position and Function of Main Automotive Sensors

Sep .18.2024

The function of the air flow sensor is to convert the amount of air inhaled into the engine into an electrical signal and provide it to the electronic control unit (ECU). It is the main basis for determining the basic fuel injection volume. Vane type: The

Chip: The increasingly intelligent electronic brain

Sep .14.2024

In this era of rapid technological development, we often marvel at how mobile phones can run various application software smoothly, how online classes can be free of lag and achieve zero latency, and how the functions of electronic devices are becoming mo

LDA100 Optocoupler: Outstanding Performance, Wide Applications

Sep .13.2024

In terms of characteristics, LDA100 is outstanding. It offers AC and DC input versions for optional selection, enabling it to work stably in different power supply environments. The small 6-pin DIP package not only saves space but also facilitates install

About Us

About Us What we do Quality People

Products

CHIP/IC Active devices Passive device Components OTHER

China electronic components supplier----Wah Luen Shing Electronic.----www.wlschip.com

Leave a message