SPOTLIGHT ON INDIAN ELECTRONICS Spotlight on Indian Electronics | Page 248

HIGH PRIORITY MARKET

India Power Management IC Market Forecast and Opportunities, 2020

Key Players in India

STMicroelectronics India Limited Plot No. 1, Main Road, Knowledge Park III Greater Noida- 201308, Uttar Pradesh T: 0120 235 2999 E: info @ st. com, W: st. com
Texas Instruments( India) Pvt. Ltd. Bagmane Tech Park, No. 66 / 3, Adjacent to LRDE, Byrasandra, C V Raman Nagar Post, Bangalore – 560093, Karnataka, India T: + 91 80 2534 5454, + 91 80 2534 5455 E: txn @ ti. com, W: ti. com
Infineon Technologies India Pvt. Ltd. 3rd floor, Block 1, Kalyani Platina Tech Park, # 6 & 24, EPIP Zone, Phase 2, Whitefield, Bangalore- 560066, Karnataka E: support @ infineon. com, W: infineon. com
Maxim Integrated San Jose( Company Headquarters), CA, USA 160 Rio Robles, San Jose, CA 95134, USA T: + 1( 408) 601-1000 E: Ferda. Millan @ maximintegrated. com W: maximintegrated. com
Fairchild Semiconductor India Pvt Ltd. No. 511 / 512, Prestige Meridian-1, MG Road, Bangalore- 560 001, Karnataka T: + 91 80 40926101 / 40906101 W: fairchildsemi. com
Linear Technology 602, 6th floor, Prestige Meridian-1, No. 29, MG Road, Bangalore 560001, Karnataka, India T:( 91) 80 4012 4610 F:( 91) 80 4012 4612 E: orders @ linear. com, W: linear. com
NXP Semiconductors Ground Floor, Manayata Tech Park, Nagavara, Bengaluru- 560045, Karnataka T: 080- 40240000 E: central. ipns. admin @ nxp. com, W: nxp. com
ON Semiconductor Technology India Private Limited Consulate 1, No. 1, Richmond Road, Bangalore- 560025, Karnataka T: + 91-80-66604800, 66604901 E: orderlit @ onsemi. com, W: onsemi. com
Microchip Technology Designs India Pvt Ltd Plot No. 149 / B, Epip Industrial Area, 1st Phase, Whitefield, Bangalore – 560066, Karnataka T: +( 91)-80-30904444 E: BuyIndia @ Microchip. com, W: microchip. com
India is one of the largest markets for
IC Market Forecast & Opportunities,
electronic equipment such as portable
2020”, power management IC market in
devices, consumer electronics, and
India is expected to witness double digit
automotive and industrial systems. To
growth at a CAGR over 10 % during
draw power, these devices are equipped
2015-2020. Government initiatives such
with Power Management Integrated
as introduction of Modified Special
Circuits( PMICs), which is a class of
Incentive Package Scheme( M-SIPS) for
specialized semiconductors designed to
Electronic System Design and
optimize the performance of devices by
Manufacturing( ESDM) sector to attract
managing their power usage and
domestic and global investors are likely to
requirements. The market for PMICs in
boost semiconductor manufacturing in
India is anticipated to rise over the
the country. Under this scheme, the
coming years on account of continuously
government has also announced
increasing production and sales of
subsidies on investments in Special
electronic goods every year. However, the
Economic Zones( SEZ) and
industry is currently facing a set of
reimbursement of CVD / Excise in non-SEZ
specific challenges including lack of
units. Segment wise, voltage regulators
indigenous semiconductor manufacturing
and battery management ICs are
base and skilled manpower in India. As a
expected to dominate the market over
result, the industry is entirely dependent
the next five years. Besides traditional
on imports from other countries. To
industry segments like consumer
increase indigenous operations, many
electronics and mobiles devices, the
global and domestic companies have set
demand for PMICs is also expected to
up their design and R & D centers in the
grow within other application sectors like
country, which calls for an opportunity to
IT and office automation, networking and
develop home-grown chips.
telecom equipment, and other industrial
According to“ India Power Management
devices through the forecast period.
Power Management IC Market to Grow at over 10 % till 2020
Continuous demand for smartphones and
global and domestic players operating in
consumer electronics coupled with
the country. For instance, global
favorable government initiatives to boost
semiconductor giants including Texas
the sales of power management
Instruments, Maxim, STMicroelectronics,
integrated circuits in India through 2020
etc. have their design and research &
According to the recently published
development centers in India. The country
TechSci Research report“ India Power
also provides a strong platform to
Management IC Market Forecast and
domestic as well as global manufacturers
Opportunities, 2020” the market for
for investment in the area of
power management IC( PMIC) in India is
semiconductor manufacturing and
projected to grow at over 10 % CAGR
design.
during 2015-20. Increasing demand for
Government of India is likely to play an
portable devices such as smartphones &
important role in the growth of India
tablets and rising adoption of consumer
semiconductor industry over the coming
electronics is expected to boost the
years. Initiatives like Modified Special
demand for power management ICs in
Incentive Package Scheme( M-SIPS) for
the country. Continuous expansion of
Electronics System Design and
automotive and industrial sectors are the
Manufacturing( ESDM) sector are
key growth drivers for PMIC market in
anticipated to attract domestic and global
India through the forecast period.
companies towards India. Government
Currently, India imports PMICs for
has also approved establishment of two
integration in mobile devices and other
semiconductor fabrication units in the
electronic devices from countries like
country. All these initiatives are expected
China and Taiwan. The country lacks in
to be a game changer for Indian PMIC
indigenous facility for fabrication of chips,
industry.”, said Mr. Karan Chechi,
but has a strong base of design industry.
Research Director with TechSci Research,
Semiconductor design industry in India is
a research based global management
quite mature and consists of prominent
consulting firm.
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