New Delhi, (Business Wire India) -- India Semiconductor Association (ISA), along with Frost & Sullivan, today released the ISA Frost & Sullivan report update 2007/08. The report was released by Shri. Ashwani Kumar, Honourable Minister of State for Industry, Government of India, in the presence of Mr. S. Janakiraman, Chairman, India Semiconductor Association.

The report covers segments addressing application domains including telecommunications, IT & OA, consumer electronics, industrial electronics, automotive electronics, defense, aerospace and retail. It includes details of the Indian market for 2007 - 2008 with projections for semiconductors till 2009.

Mobile handsets, desktops and notebooks, GSM base stations, set top box and energy meters are the top five end-user products that are expected to drive growth. The top four semiconductor products that are expected to drive revenues are microprocessors, analog, memory and discretes.

The growth of Total Available Market (TAM) revenues from $1.26Bn in 2006 to $3.18Bn in 2009 stands at 35.8% compared to 26.7% for Total Market (TM) revenues from $2.69Bn in 2006 to $5.49Bn in 2009. TAM represents semiconductor usage in local manufacturing and its growth faster than TM is signifying increasing domestic manufacturing for different electronic products in India.

Speaking on the occasion of the release, Ms. Poornima Shenoy, President, India Semiconductor Association, said, "Indian market place is rapidly evolving with changing dynamics. These findings are pointers to the direction in which the semiconductor market is headed. The decision to update the report is due to the evolving market place, new technology innovation and constantly changing dynamics."

Mr. Anand Rangachary, Managing Director, South Asia & Middle East, Frost & Sullivan, said, "Global semiconductor Total Market is growing at a rate of 8% to 9% CAGR where as India Total Market is growing at 26.7% CAGR till 2009. India, which represented 1.09% of Global semiconductor market in 2006, will be 1.62% by 2009. As domestic demand for all electronics products is growing, India is emerging as one of the fastest growing region in the world. "