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Indian Mobile to drive Semiconductor Industry
Aug 04, 2010
The growth in the communication industries in India over the last decade has significantly driven the growth of the semiconductor industry. The growth in semiconductor industry is expected to remain positive during the years to come. According to our research report “Indian Telecom Analysis (2008-2012)”, semiconductor Industry is projected to grow at a CAGR of around 14% during 2009-2013. India’s ever-increasing consumption of electronic products, along with the improving living standard, is propelling the growth of the semiconductor industry in the country.
Our team of experts has found that among other industries, telecom industry is the largest consumer of semiconductor, wherein, increasing penetration of mobile is one of the drivers of this industry. The number of mobile subscribers grew around 47% in 2009-10 over the previous year and is further expected to grow at a fast pace in the years to come. Intense competition among operators, rising affordability and increasing usage of mobile applications has been fueling the growth in mobile industry for the past few years. According to our research, the country will be one of the most lucrative markets around the world due to speedy growth and large untapped rural market.
According to our report, the growth in mobile industry will drive various other industries to grow simultaneously in the coming years. Increasing infrastructure spending, government support, and huge foreign investment are attracting mobile operators to provide value for money to customers. Moreover, the mobile operators are about to launch high speed 3rd generation networks in the country, making another source for revenue generation via innovative mobile applications and services.
“Indian Telecom Analysis (2008-2012)” provides mobile market trends in India and gives rational and logical analysis of its future potential. The report evaluates prevailing industry trends and market information. The report reflects the true picture of India’s telecom market to help our clients making prudent investment decisions.
For more information visit: http://www.rncos.com/Report/IM096.htm
For more information visit: http://www.rncos.com/Report/IM096.htm
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