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Indian design services to cross $7.37bn in 2008


The Indian semiconductor and embedded design services market has grown consistently over the last five years and market is likely to cross the US$ 7.37 billion in 2008.

This was the key finding of the “India semiconductor and embedded design service industry (2007-2010): Market, technology and ecosystem analysis”, a study jointly released today in Bangalore by the India Semiconductor Association (ISA), and IDC (India) Ltd.

Some key findings of this comprehensive report include:

* The total design market in India for 2007 was estimated at US $6 billion. Eighty-one percent of the revenues were in the area of embedded software, followed by VLSI design (13 percent) and hardware/board design (6 percent).

* The total workforce employed in the design services industry in India was estimated at 130,000 in 2007.Of this the bulk of the jobs were in embedded software 82 percent followed by VLSI design (11 percent) and hardware/board (7 percent).

* The industry was estimated to grow at a CAGR of around 21.7 percent between 2007-2010.

* The geographical focus of the industry indicates that US has a share of 70 percent; Europe at 30 percent; and the emerging economy is that of Japan.

Key factors that determine the growth of the design sector in India are: the growing expertise and capabilities in complex end-to-end design; strong IP development and talent. The Indian domestic market is one of the fastest growing in Asia as well as globally.

Commenting on the Indian design market, Poornima Shenoy, president, ISA, said: “The Indian semiconductor design industry, with over 200 companies, is on a strong growth trajectory. Our growth is nearly 22 percent which is three times the global growth rate of around 7 percent. We are looking eastward for business and collaboration heralding a new era in the future of the sector.”

Announcing the findings of the ISA-IDC report, Kapil Dev Singh, added: “The Indian semiconductor and embedded design services market has grown consistently over last the five years and market is expected to cross the US$ 7.37 billion in 2008. The domestic semiconductor and embedded design services industry is all set to enter a new phase -– Ver 2.0, following on from where Ver 1.0 left off. To achieve this next phase of growth, the industry needs to focus on the availability of quality manpower, higher productivity and more value creation.”

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