IC Design Services Industry in India Grows by Over 20%
According to In-Stat, India's IC design services industry will continue to grow at over 20% per year through 2010. Cost advantages and availability of skilled manpower are two reasons why integrated device manufacturers (IDMs) have either outsourced part of their design activities to third-party design firms or created their own captive centers in India.
In-Stat believes Indian design companies will continue to move up the value chain by increasingly accomplishing the entire design instead of doing piecemeal design work.
In-Stat found the following:
- Design services revenue in India is likely to grow from US$869 million in 2005 to US$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. The price is $2,995 (US).
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