India is one of the fastest growing |
According to“ India Chipset Market |
chipset markets in Asia-Pacific. |
Forecast & Opportunities, 2020”, India |
Implementation of favorable |
chipset market is projected to grow at a |
government initiatives and rising |
CAGR of over 25 % during 2015-2020. |
electronic device sales in the country |
Northern and Southern parts of India |
are major factors propelling growth in |
are the leading regional markets for |
the country’ s chipset market. |
chipsets in India, due to presence of |
Government has been easing |
various IT hubs and Special Economic |
documentation process and policy |
Zones in these regions. India chipset |
hurdles to attract investments in |
market is majorly dominated by global |
domestic electronics manufacturing. |
players such as MediaTek and |
Establishment of new electronics |
Qualcomm, among several others. |
manufacturing units under the‘ Make in |
Computers, laptops, printers and |
India initiative is forecast to propel |
peripheral chipsets are key application |
demand for various types of chipsets in |
areas for chipsets in India. With robust |
India. During the forecast period, |
growth in smartphone penetration |
growth in India chipset market is |
across the country over the last few |
projected to be fuelled by increasing |
years, a growing number of computer |
sales of electronic devices such as |
and laptop chipset manufacturers are |
smartphones, computers, laptops and |
increasing their focus towards |
printers, along with rising penetration of |
smartphone chipsets in order to |
innovative technologies such as 3G, 4G, |
diversify their product portfolios and |
Supportive government initiatives, |
chipset players operating in India. |
rising adoption of advanced |
Implementation of supportive |
technologies and growing sales of |
government policies such as‘ Make in |
electronic devices to drive India chipset |
India’ initiative is expected to play an |
market through 2020. According to a |
important role in attracting investments |
recently released TechSci Research |
into electronics manufacturing in the |
report,“ India Chipset Market Forecast |
country over the next five years. |
and Opportunities, 2020”, chipset |
Southern India is the largest regional |
market in India is projected to grow at a |
market for chipsets in India, due to high |
CAGR of over 25 % during 2015 – 2020. |
concentration of IT hubs and SEZ in the |
Robust market growth in anticipated on |
region. |
account of implementation of |
“ Rising sales of electronics, especially |
supportive government policies coupled |
smart devices, growing population |
with insatiable consumer appetite |
base, increasing GDP and surging |
towards adoption of new technologies. |
penetration of 3G and 4G technologies |
Being a major developing economy, |
is forecast to propel growth in India |
India is emerging as a one of the fastest |
chipset market in the coming years. |
growing chipset markets across the |
Manufacturers are focusing on the |
globe. |
launch of new and advanced chipset |
Over the past few years, chipsets have |
technologies in order to enhance the |
undergone radical changes in terms of |
overall user experience of various |
technology. Robust growth in adoption |
electronics. The market offers |
of high-end technology products such |
tremendous opportunities on account of |
as mobile 4G technology, LTE |
growing gaming market, and increasing |
technology, etc. along with growing |
need for smarter devices with advanced |
smartphones sales in the country are |
processors to support seamless multiforecast |
to pump growth in India |
tasking.” said Mr. Karan Chechi, |
chipset market in the coming years. |
Research Director with TechSci |
Intel, MediaTek, Qualcomm, and |
Research, a research based global |
Spreadtrum are few of the leading |
management consulting firm. |