BURNABY, Canada, October 13, 2015 /PRNewswire/ --
Supportive government initiatives, rising adoption of advanced technologies and growing sales of electronic devices to drive India chipset market through 2020
According to a recently released TechSci Research report, "India Chipset Market Opportunities & Forecast, 2020", chipset market in India is projected to grow at a CAGR of over 25% during 2015 - 2020. Robust market growth in anticipated on account of implementation of supportive government policies coupled with insatiable consumer appetite towards adoption of new technologies. Being a major developing economy, India is emerging as a one of the fastest growing chipset markets across the globe.
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Over the past few years, chipsets have undergone radical changes in terms of technology. Robust growth in adoption of high-end technology products such as mobile 4G technology, LTE technology, etc. along with growing smartphones sales in the country are forecast to pump growth in India chipset market in the coming years. Intel, MediaTek, Qualcomm, and Spreadtrum are few of the leading chipset players operating in India. Implementation of supportive government policies such as 'Make in India' initiative is expected to play an important role in attracting investments into electronics manufacturing in the country over the next five years. Southern India is the largest regional market for chipsets in India, due to high concentration of IT hubs and SEZ in the region.
"Rising sales of electronics, especially smart devices, growing population base, increasing GDP and surging penetration of 3G and 4G technologies is forecast to propel growth in India chipset market in the coming years. Manufacturers are focusing on the launch of new and advanced chipset technologies in order to enhance the overall user experience of various electronics. The market offers tremendous opportunities on account of growing gaming market, and increasing need for smarter devices with advanced processors to support seamless multi-tasking." said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
"India Chipset Market Forecast & Opportunities, 2020" has evaluated the future growth potential of India chipset market and provides statistics and information on market structure, size, share and future growth of India chipset market. The report is intended to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities present in the India chipset market.
About TechSci Research:
TechSci Research is a global market research and consulting company with offices in Canada, UK and India. TechSci Research provides market research consulting services in six verticals - Information Technology, Chemicals, Water & Water Recycling, Consumer Goods & Retail, Automotive and Energy & Power. The company uses proprietary innovative business model that focuses on improved productivity that also ensure the creation of high-quality reports. With more than 100 client engagements with fortune 500 clients, TechSci Research enjoys the status of a premium market research services provider in the industry.
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