Semiconductor manufacturing is one of the most popular industries in India. From top tyre brands in India to mobile phone companies all are in some or the other way dependent on semiconductors. For instance semiconductors are used in automobiles so the more automobile the more number of tyres needed. From smartphones to planes, semiconductors are required by plenty of industries, especially the electronics industry. And it’s not only that, they also form an integral part of our daily lives.
The semiconductor industry has been growing rapidly and has been providing employment opportunities for thousands of people. The demand for semiconductors is increasing day by day and this trend is expected to continue in future too.
What is a semiconductor?
A semiconductor is a material or device with two or more layers of atoms which are used to control electrons in a circuit. Semiconductors have applications in almost every field whether it is electronics, medicine, telecommunications or defence etc.
Semiconductor Industry In India:
According to a report by KPMG, the global semiconductor market will grow at a CAGR of 6% till 2020 with a total market size estimated at $348 billion in 2020 from $257 billion in 2015. This is because more electronic devices are being manufactured every day and more people are getting access to gadgets like smartphones, laptops, etc. which require chipsets for functioning smoothly! To satisfy this increasing demand and in order to not rely on external sources for semiconductor we will need many more semiconductor chip manufacturing companies in india.
In India also, there has been a huge demand for chipsets in recent years due to the growth of the mobile handset market. The mobile handset market in India is growing at an annual rate of 15% and currently stands at around 500 million units per annum with an estimated value of $20 billion (according to IDC).
Nowadays, more and more people are using electronic devices like mobile phones, computers, cameras and many more. There are many reasons why you should start this business in India:
1) You will have plenty of opportunities for investment capital because of the growing market for semiconductor products.
2) This is one of the best manufacturing industries to start in India because you don’t require any special training or skills to get started with this business; even if you have no experience or knowledge about it but you can learn them easily from a book or internet tutorials.
3) You can make money by selling your products online on websites like Amazon, Flipkart etc., which will help you to reach out to global customers as well as local ones too!
Semiconductor devices are used in a wide variety of applications, from the most common household appliances to the most advanced electronics.
Semiconductor devices are found in many appliances and tools used in our everyday lives. The heating elements that cook food and the motors that power the fans in refrigerators, washing machines and dryers are all based on semiconductor technology.
Electronic circuits are used to transmit information around the world through communications satellites, telephone lines and cable television networks. Semiconductor devices make up these circuits, as well as cell phones, radios and televisions.
Semiconductor components are embedded into cars to operate electronic systems such as anti-lock brakes and cruise control. They also make up sensors that monitor engine performance and other functions such as air conditioning.