Recent
reports have shown that the
growth in India\\\'s embedded industry is not just a dream - the
possibilities for
revenue and employment growth are real. Leading market research firm
Frost and
Sullivan forecasts
that total market revenues generated in the Indian semiconductor
market in 2009
will reach $3.18 billion with a compound annual growth rate (CAGR) of
36%.
Moreover, a ten-fold increase in talent is expected
to facilitate growth in the embedded systems industry - from a current
60,000
professionals to over 6 lakh people by
2015.
What\\\'s particularly interesting
about this growth is that India is developing its own embedded design
industry,
moving away from being a strictly outsourced industry. This means that
Indian
designers and engineers will drive actual product innovation and move
towards
product ownership. It\\\'s the beginnings of a full-fledged,
multi-national
industry.
India\\\'s strengths in software
services, design, research and development put it at an advantage to
design and
develop more devices for the growing domestic and overseas
markets. Consequently, the $3.25 billion
semiconductor
design services market in India is expected to reach $14.4 billion by
2010
according to a report
by the Indian Semiconductor Association and Frost and
Sullivan.
Some of
the distinct trends influencing
the development of the embedded industry as a whole include:
Another significant trend
is the convergence of functions into a single device, which is set to
further expand
the potential of embedded systems
worldwide.
Considering
the evident market trends and forecasted market potential, it
is critical that India invest in the necessary education resources to
prepare
Indian design engineers to capitalize on the global demand for
embedded systems
technology. To no surprise global
organizations and media companies are noticing India\\\'s untapped
human capital
and its demand for world-class education and training. A prime example
is TechInsights, who is
expanding its Embedded Systems Conference
India in September and October, to take place in four Indian cities
(Hyderabad, Pune, Noida
and Bangalore)
after its extremely successful 2007 debut in Bangalore. As India\\\'s
most popular technical conference on
embedded technologies, each show provides
attendees first-hand
access to
the latest embedded products and innovations developed throughout the
region
and around the world. Such
international educational partnerships will
continue to advance the field
of embedded systems throughout the country and attract more
semiconductor
manufacturing powerhouses to invest in the Indian
economy.