India semiconductor market to reach $32 bn

The Indian semiconductor component market is expected to be worth $32.35 billion by 2025, growing at a CAGR of 10.1 percent between 2018 and 2025, according to India Electronics and Semiconductor Association (IESA).

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The key trends identified in the report include smart industrial automation, defense and rural broadband.

India is an 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.

The Vision Summit is a global leadership conclave for the Electronics System Design & Manufacturing (ESDM) industry.