India's IC Design Services Industry Growing At Over 20% a Year, Says In-Stat
(Top News, 08 Feb 2007 )
India's IC design services industry will continue to grow at over 20% per year through 2010, reports In-Stat. Cost advantages and availability of skilled manpower have compelled integrated device manufacturers (IDMs) to either outsource part of their design activities to third-party design firms in India, or set up their own captive centers in the country, the high-tech market research firm says.
"Indian design companies will continue to move up the value chain by increasingly accomplishing the entire design instead of doing piecemeal design work," says Mayank Jain, In-Stat analyst. "Captive centers of IDMs work on cutting-edge technologies and contribute to the development of products for a global audience."
Recent research by In-Stat found the following:
- Design services revenue in India is likely to grow from $869 million in 2005 to $2.45 billion by 2010. - The number of Indian design engineers will increase from 12,352 in 2005 to 40,893 by 2010. - One major issue facing the industry is availability of manpower. The industry is gearing up to meet this demand by fostering close ties with academia.
The research, ‘India's Design Services Market’, covers the market for IC design services in India. It gives a five-year forecast (2005-2010) for the number of design starts in India. It forecasts design services revenue across application areas, and segments revenues and workforce between third-party design services and captive centers. It also highlights the percentage of design work across different process nodes.
