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India Electronics and Semiconductor Association Vision Summit 2018

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. It reveals that the Indian semiconductor component market is expected to be worth USD32.35 billion by 2025, growing at a CAGR of 10.1% between 2018 and 2025.

The inaugural session was presided over by Priyank M Kharge, Honorable Minister for IT, BT and S&T, GoK. H.E. Ms. Dana Kursh, Consul General of Israel to South India and Shailendra Tyagi, Director, STPI Bangalore, were also shared the stage.India Electronics and Semiconductor Association Vision Summit 2018

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,’ which 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 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.”

Highlights of the Indian Semiconductor Fabless Startup report:

  • 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).
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