India Electronics and Semiconductor Association [IESA], the premier trade body, representing the Indian electronic system design and manufacturing space in collaboration with MarketsAndMarkets launched an industry report on – Indian semiconductor fabless startup ecosystem at the this year’s Vision Summit.
The report was launched by Ashwini K Aggarwal, Chairman, IESA; Anilkumar Muniswamy, Director, SLN Technologies Ltd. and Jitendra Chaddah, Chair, Fabless CIG and Senior Director, Strategic Relations and Operations, Intel India on Day 1 of IESA’s annual flagship event – Vision Summit. It has revealed that the Indian semiconductor component market is expected to be worth USD 32.35 billion by 2025, growing at a CAGR of 10.1% between 2018 and 2025.
The inaugural session was presided over by Shri Priyank M Kharge, Honorable Minister for IT, BT and S&T, GoK. Sharing the stage was H.E Ms. Dana Kursh, Consul General of Israel to South India, Sh. Shailendra Tyagi, Director, STPI Bangalore, who addressed the audience on the necessity to refocus on the unbridged talent pool, need for accelerating investment promotions, international alliances, start-up ecosystem and policy implementation to strengthen India’s contributions in Design-led Electronics Manufacturing.
The Vision Summit is a global leadership conclave for the Electronics System Design & Manufacturing [ESDM] industry. This year, the theme is Resurgent India: Electronics, Entrepreneurship and Economy attracted a powerful line-up of industry experts, thought leaders, policy makers, government officials, business and technology experts, venture capitalists, entrepreneurs who shared their views and vision on the future of the ESDM industry as well as the trends, challenges, and opportunities shaping the Indian industry.
Ashwini K Aggarwal, Chairman, IESA addressing the Summit said
We are witnessing the rise of a new India with a stable government clearing policy logjams, taking bold decisions and ambitious targets. With digital as the growth hack and aggressive engagement from the government’s ‘Make in India’ campaign, the ESDM industry will benefit and is projected to see investment proposals over $1.5 Bln over next 2 years. We believe that now is the time to build the future of design led manufacturing.
The fabless report clearly highlights the opportunities for the Indian fabless ecosystem. This year’s theme at IESA Vision Summit 2018 is dedicated towards building the industry success by highlighting opportunity areas and addresses the challenges being faced.
Further, during the launch of SFAL and fabless report, Jitendra Chaddah, Chair, Fabless CIG, IESA, and Senior Director, Strategic Relations and Operations, Intel India said
Given the availability of abundant talent and chip design expertise in India, I am very excited about the tremendous opportunity we have to accelerate the semiconductor fabless ecosystem in the country. The SFAL [Semiconductor Fabless Accelerator Lab] announcement by the Govt. of Karnataka in collaboration with IESA and the release of fabless report are going to be key ingredients to enable India in becoming a Design-led Electronics Manufacturing hub in the coming years.
This initiative also reinforces this year’s Vision Summit that is focusing on ‘Resurgent India: Electronics, Entrepreneurship and Economy’, with a vision to tap the opportunities in the ESDM sector.
Highlights from the Indian Semiconductor Fabless Startup report highlights
- The key trends identified in the report include; Smart Industrial Automation, Defense and Rural Broadband
- It elaborates on the Indian semiconductor design ecosystem; and highlights the various opportunities for major global semiconductor players to consider India as their global R&D destination
- It revealed that India is a highly attractive destination for global R&D centers owing to the availability of talent, as well as lower cost [compared with the US and Western Europe]
About India Electronics & Semiconductor Association [IESA]
IESA is the premier trade body representing the Indian Electronics System Design and Manufacturing ESDM industry and has represented it since 2005. It has over 280 members – both domestic and multinational enterprises. IESA is committed towards building global awareness for the Indian ESDM industry and supporting its growth through focused initiatives in developing the ecosystem. This is through publishing credible data, networking events and alliances with other international associations. IESA works closely with the Government as a knowledge partner on the sector, both at the centre and at the state level. For more information, please visit IESA