The India Semiconductor Association (ISA) and IDC India launched 'India semiconductor and embedded design service industry (2007-2010): Market, Technology and Ecosystem Analysis'. The report was launched by EK Bharat Bhushan, IAS-Director General, STPI in the presence of S Janakiraman, Chairman, India Semiconductor Association; Poornima Shenoy, President, India Semiconductor Association; and Kapil Dev Singh, Country Manager, IDC.

The key factors that determine the growth of the design sector in India are: The growing expertise and capabilities in complex end-to-end design; strong IP development and talent. The domestic market is one of the fastest growing in Asia as well as globally.

Commenting on the Indian design market, Shenoy said, “The Indian semicon design industry with over 200 companies is on a strong growth trajectory. Our growth is nearly 22 percent, which is three times the global growth rate of around seven percent. We are looking eastward for business and collaboration heralding a new era in the future of the sector.”

Announcing the findings of the ISA-IDC report, Singh said, “The Indian semiconductor and embedded design services market is expected to cross $7.37 billion in 2008. The domestic semiconductor and embedded design services industry is all set to enter a new phase Ver 2.0, following on from where Ver 1.0 left off. To achieve this next phase of growth, the industry needs to focus on availability of quality manpower, higher productivity and more value creation.”