According to a report published by the Indian Semiconductor Association and IDC (India) Ltd, the Indian semiconductor design services industry is expected to cross $7.37 billion within the existing year (2008)

The report entitled ‘India semiconductor and embedded design service industry (2007-2010): Market, Technology and Ecosystem Analysis’ forecasted the embedded software market to reach $9 billion by the next two years (2010), as compared with $5 billion in 2007.

The report said that the VLSI design services market is expected at around $1.38 billion by 2010, compared with $766.2 million in 2007, the report said.

The hardware/board design services market would be around $680 million by 2010, the report added.

The report also said that the VLSI design segment would hire around 23,525 people by 2010, compared with 13,900 in 2007.

The embedded software sector would employ about 179,824 by 2010, up from 107,000 in 2007. About 15,482 people would be employed by the hardware/board design sector, the report added.