India Is The Fastest Growing Market In Terms Of Semiconductor Consumption For 2012
India semiconductor revenue is projected to total $9.2 billion in 2012, a 20 percent increase from 2011, according to Gartner, Inc. India is the fastest growing market in terms of semiconductor consumption for 2012.
"Semiconductor consumption in India is being driven from the changing demographics, increasing consumer affluence, economic growth and favorable government policy," said Ganesh Ramamoorthy, research director at Gartner. “Global electronic equipment manufacturing companies continue to expand their production facilities in India. The recent announcement by Nokia to move its mobile phone production facilities to Asia/Pacific is bound to benefit India as well, where Nokia already has a large production facility catering to the growing domestic and neighboring markets in the region. As a result, semiconductor consumption is set to grow at a rapid pace.”
Globally, the semiconductor spending is expected to reach $316 billion in 2012, a 4 percent increase from 2011, with mobile phones, media tablets, PCs, servers, LCD TVs, solid state drives and set-top boxes accounting for nearly 50 percent of the total semiconductor consumption during 2012. Media tablet unit production is forecast to increase 78 percent over 2011, and semiconductor revenue from media tablets will reach $9.5 billion in 2012. PC unit production in 2012 is projected to increase 4.7 percent, and semiconductor revenue from PCs will reach $57.8 billion. Mobile phone unit production is expected to grow 6.7 percent, with semiconductor revenue for mobile phones totaling $57.2 billion in 2012.
In India, mobile phones, PCs and LCD TVs will account for nearly three-fourths of India’s semiconductor consumption in 2012. Mobile phone unit production is expected to grow 21 percent, with semiconductor revenue for mobile phones totaling $4.8 billion in 2012. PC unit production in 2012 is projected to increase 7 percent, and semiconductor revenue from PCs will reach $1.8 billion. LCD TV unit production in 2012 is projected to increase 47 percent, and semiconductor revenue from LCD TV will reach $312 million in 2012.
“The improving consumer sentiment on the back of strong domestic economic growth and rising disposable income should prove 2012 a strong year for semiconductor consumption in India,” Mr. Ramamoorthy said.
Additional information is available in the Gartner report "Forecast: Semiconductor Consumption by Electronic Equipment Type, Asia/Pacific, 1Q12 Update." The report is available on Gartner's website at http://www.gartner.com/resId=1951215
Gartner, Inc. (NYSE: IT) is the world's leading information technology research and advisory company. Gartner delivers the technology-related insight necessary for its clients to make the right decisions, every day. From CIOs and senior information technology (IT) leaders in corporations and government agencies, to business leaders in high-tech and telecom enterprises and professional services firms, to supply chain professionals, digital marketing professionals and technology investors, Gartner is the valuable partner to clients in more than 10,000 distinct enterprises. Gartner works with clients to research, analyze and interpret the business of IT within the context of their individual roles. Gartner is headquartered in Stamford, Connecticut, U.S.A., and has almost 9,000 associates, including 1,900 research analysts and consultants, operating in more than 90 countries. For more information, visit www.gartner.com.
Comments or opinions expressed on this blog are those of the individual contributors only, and do not necessarily represent the views of Gartner, Inc. or its management. Readers may copy and redistribute blog postings on other blogs, or otherwise for private, non-commercial or journalistic purposes. This content may not be used for any other purposes in any other formats or media. The content on this blog is provided on an "as-is" basis. Gartner shall not be liable for any damages whatsoever arising out of the content or use of this blog.