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 . |
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 . |