Bangalore, Apr 22 (UNI) The business of domestic semiconductor and embedded design services industry was expected to cross about US Dollar 7.37 billion by the end of 2008, Indian Semiconductor Association (ISA)'s market, technology and ecosystem analysis report, said today.
According to the report, jointly prepared by ISA, the trade body representing the Indian semiconductor driven industry, and IDC (India) Ltd the domestic semiconductor and embedded design services was in the transition phase and was all set to enter version 2.0.
IDC India Country Manager Kapil Dev Singh, addressing a press conference here, said the Indian semiconductor and embedded design services market had grown consistently over the last five years and the market was expected to cross US Dollar 7.37 billion by 2008.
India has emerged as the preferred choice for companies for embedded design and development and was expected to grow at a CAGR of 21.7 per cent to US Dollar 10.96 billion by 2010.
''The total work force in this industry will grow from 1,29,900 in 2007 to 2,18,800 by 2010 at a CAGR of 18.8 per cent,'' he said.
Citing the forces driving the Indian semiconductor industry, Mr Singh said interalia, the growing expertise and capabilities in the end-to-end design, a strong pool of experienced engineers, decade-long success stories of world-class captive centres in India and cost effectiveness were the main contributors for the robust growth.
According to findings, the total design market in India for 2007 was estimated at US Dollar 6.08 billion and 81 per cent revenues were in the area of embedded software, he added.
Opining that to achieve the next phase of growth the industry needed to focus on availability of quality manpower, higher productivity and more value creation, he said embedded electronics was becoming pervasive, whether it was in the form of consumer devices, hand held and multimedia devices, automotive or medical devices.
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