TechSci Research · PDF fileTexas Instruments, ... (Application Specific Standard Products),...

TechSci Research

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R e s e a r c h M e t h o d o l o g y

© TechSci Research

7

Baseline Methodology :

For the study, TechSci Research gathered information through secondary research surveys with Power

Management IC distributors and counter validated that information using company financial statements and

other reliable secondary sources. We also put through exhaustive search of credible paid databases such as

Business Week, Factiva, Hoovers, etc. including our internal database. Our team of analysts has then

prudently evaluated all the collected information and presented the same in chronological order to depict a

meaningful and clear picture of the India power management IC market.

While compiling the data, we have also cross checked all the collected information from multiple sources and

data warehouses, so as to present the most accurate and precise information of the concerned industry.

Sources :

IESA (Indian Electronic Semiconductor Association), Department of Electronics and Information

Technology, News Articles, Company annual reports and paid data sources such as Factiva, LexisNexis, etc.

Companies InterviewedTexas Instruments, STMicroelectronics and technical experts fromsemiconductor Industry.

*Note: The year 2010 represents FY10 (1 April 2009 to 31 March 2010) throughout the report and the same goes for all the years.

* Dollar exchange rate is kept constant at 1USD= INR60 for the forecast period 2015-2020.

© TechSci Research

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Global Power Management IC market XXXXX to USD XXX billion in 2012 from USD XXX billion in 2011 due to

XXXXXX demand for consumer electronics in the US and Europe; XXXXXX prices and XXXXXX in energy initiatives in

Asia; and the 2011 earthquake that Japan witnessed was another major reason for the XXXXX of the market.

Manufacturing was halted in many parts of Japan, which is home to many semiconductor plants.

However, the market registered a XXXXXX during 2010-14, growing at a CAGR of around X%. XXXXX migration of

enterprises from physical data storage structure to cloud is a XXXXX demand XXXXX for Power Management ICs

since cloud storage requires installation of a XXXX number of servers.

G l o b a l P o w e r M a n a g e m e n t I C M a r k e t O u t l o o k

10.0020.00

30.0040.00

50.0060.00

70.0080.00

90.00100.00

110.00

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

CAGR X%CAGR X%

Figure 1: Global Power Management IC Market Size, By Value, 2010 – 2020F (USD Billion)

Source: XXXXXX Note: These are dummy figures; please purchase our report for actual data

© TechSci Research

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India semiconductor market generated revenues worth USD XXX billion in 2010, has XXXXX steadily at a CAGR of

X% during 2010-2014. XXXXXX demand for portable devices such as smartphones, tablets and consumer devices

has contributed XXXXX to the XXXXXXX demand for semiconductors in India.

Share of India is estimated to be less than X% in global semiconductor market. India semiconductor market is

forecast to generate USD XXX billion in 2020.

I n d i a S e m i c o n d u c t o r M a r k e t O u t l o o k

1020

3040

5060

70 7080

90100

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

CAGR X%CAGR X%

Figure 2: India Semiconductor Market Size, By Value, 2010 – 2020F (USD Billion)


© TechSci Research

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I n d i a P o w e r M a n a g e m e n t I C M a r k e t S i z e , B y V a l u e

India Power Management IC market, valued at USD XXX million in 2010, has XXXXX at a CAGR of X% during

2010-2014. XXXXX demand for battery operated devices such as smartphones, tablets, LED/LCD TVs and

vehicles is the major factor XXXX the market at present.

Power management IC market in India has been XXXXX at a rapid pace as compared to global average due to

XXXXX demand of electronic equipments and industrial expansion.

Figure 3: India Power Management IC Market Size, By Value, 2010 – 2020F (USD Million)


10.0020.00

30.0040.00

50.0060.00

70.0080.00

90.00100.00

110.00

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

CAGR X%CAGR X%

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Power management IC is amongst the most prominent segment in semiconductor market. It has been

segmented into four types of ICs namely voltage regulator, battery management IC, motor control IC and AC/DC

converter. The Others segment include ICs such as ASSP IC (Application Specific Standard Products), gate

driver, LED driver, etc.

XXXXX and XXXXXXX are amongst the most prominent ICs in Power IC market. These are used to maintain

constant voltage level in XXXXXX and battery management IC are used for managing power supply in XXXXX

electronic devices.

I n d i a P o w e r M a n a g e m e n t I C M a r k e t S h a r e , B y T y p e

Voltage Regulator20.00%

Battery Managemnt

IC20.00%

Motor control IC

20.00%

AC/DC convertor 20.00%

Others20.00%

2014

Figure 4: India Power Management IC Market Share, By Type, By Value, 2014 & 2020F


Voltage Regulator20.00%

Battery Managemnt

IC20.00%

Motor control IC

20.00%

AC/DC convertor 20.00%

Others20.00%

2020F

© TechSci Research

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Voltage Regulator IC

Voltage regulators are the XXXXX contributors in India power management IC revenues. Voltage regulators

includes Linear Regulator, Switching Regulator and Voltage Reference. These are used to maintain constant

voltage level in circuits. This segment accounted for about X% market share in India power management IC

market in 2014. However, the market share of voltage regulator is expected to XXXXXX to X% by 2020. This

has been a consequence of XXXXXX of other segment of power management IC.


Figure 5: India Voltage Regulator IC Market Size, By Value, 2010-20F (USD Million)

10.0020.00

30.0040.00

50.0060.00

70.0080.00

90.00100.00

110.00

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

CAGR X%

CAGR X%


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Battery Management IC

Battery management ICs accounted for around X% market share in the overall PMIC market in 2014 and this

share is projected to XXXXXXX to X% by 2020. The demand for battery supported equipment is considered to

be the major factor XXXXX of battery management ICs. Integration of high-end features in portable devices

like processors, high-end cameras and high pixel density displays require enhanced power. This, in

turn, creates the requirement for power management ICs for optimized battery performance. Battery

management ICs are also implemented in XXXXXXXX.


Figure 6: India Battery Management IC Market Size, By Value, 2010-20F (USD Million)

10.0020.00

30.0040.00

50.0060.00

70.0080.00

90.00100.00

110.00

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

CAGR X%CAGR X%


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Motor Control IC

Motor control IC accounted for a market share of X% in value terms in 2014, which is expected to XXXX

to X% by 2020. Motor control ICs find application in automotive, industrial and consumer electronics.

Implementation of power windows and electric power steering in cars, introduction of XXXXX and XXXXXX

demand for consumer electronic equipment such as air conditioners, microwave oven, washing machines

is expected to XXXXXX the demand for motor control ICs during the forecast period.


Figure 7: India Motor Control IC Market Size, By Value, 2010-20F (USD Million)

10.0020.00

30.0040.00

50.0060.00

70.0080.00

90.00100.00

110.00

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

CAGR X%

CAGR X%


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AC/DC Converter

AC/DC converters XXXXXX power consumption and XXXXX system efficiency. They include power factor

correctors, PWM controllers and offline converters. These convertors are majorly installed in XXXXX

equipment's. AC-DC converter accounted for about X% market share in the total PMIC market in 2014

and is expected to XXXXX to X% due to rise in demand of consumer electronics.


Figure 8: India AC/DC Convertor Market Size, By Value, 2010-20F (USD Million)

10.0020.00

30.0040.00

50.0060.00

70.0080.00

90.00100.00

110.00

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

CAGR X%CAGR X%


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Figure 9: India Power Management IC Market Share, By Application, By Value, 2014 & 2020F


Others

Others segment includes military, aerospace, medical, etc., which contributed around X% to the overall PMIC

market and is expected to XXXXX due to technological advancement in these sectors. Airplanes and medical

facilities are becoming XXXXXX with XXXXX systems such as control panels. XXXXXXX of these sectors is

expected to XXXXX the demand of PMIC from these sectors.

I n d i a P o w e r M a n a g e m e n t I C M a r k e t S h a r e , B y A p p l i c a t i o n

Mobile devices, 14.0

0%

IT & OA, 14.00%

Networking & Telecommunications, 14.0

0%

Consumer Electronics,

17.00%

Industrial, 14.00%

Automotive, 14.00%

Others, 16.00%

2014

Mobile devices, 14.0

0%

IT & OA, 14.00%

Networking & Telecommunications, 14.0

0%

Consumer Electronics,

17.00%

Industrial, 14.00%

Automotive, 14.00%

Others, 16.00%

2014

© TechSci Research

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Figure 10: India Power Management IC Market Size in Mobile Device Sector, By Value, 2010-20F (USD

Million)


Mobile Devices

Mobile devices accounted for a XXXXX share of around X% in the country’s PMIC market as of 2014, which is

estimated to remain the same through 2020.

Battery management ICs are specifically used in mobile devices considering the XXXXXXX functionalities

offered by smartphones in current scenario. XXXXXX market for portable devices like smartphones and tablets

is XXXXX the demand for power management ICs.


10.0020.00

30.0040.00

50.0060.00

70.0080.00

90.00100.00

110.00

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

CAGR X%CAGR X%

© TechSci Research

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Figure 11: India Power Management IC Market Size in Telecom & Networking Sector, By Value,

2010-20F (USD Million)


Networking & Telecom

After mobile devices, telecom is the XXXXXX segment for power management ICs. PMICs find application in

modems, routers, etc. Telecom sector accounted for a market share of over X% in the overall PMIC market in

2014 and is expected to XXXXX marginally during the forecast period.


10.0020.00

30.0040.00

50.0060.00

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90.00100.00

110.00

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

CAGR X%CAGR X%

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Figure 12: India Power Management IC Market Size in IT & OA Sector, By Value, 2010-20F (USD Million)


Information Technology & Office Automation

Information Technology & Office Automation (IT&OA) accounted for around X% market share of India’s PMIC

market in 2014. IT&OA contribution to the total semiconductor revenue is expected to XXXX from X% in 2014

to X% in 2020 due to consolidation in this sector.


10.0020.00

30.0040.00

50.0060.00

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90.00100.00

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2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

CAGR X%CAGR X%

© TechSci Research

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Figure 13: India Power Management IC Market Size in Consumer Electronics Sector, By

Value, 2010-20F (USD Million)

Source: XXXXXX Note: These are dummy figures; please purchase our report for actual dataConsumer Electronics

Consumer electronics like air conditioners, washing machine, refrigerator, LED/LCD TV, set top

box, etc., integrate power management ICs for efficient operation. These equipment generally require

XXXXX, XXXXXXX, XXXXXXX and XXXXXX.

In 2014, consumer electronics sector accounted for nearly X% share in India’s PMIC market, which is further

forecast to hold a XXXXXX share through 2020.


10.0020.00

30.0040.00

50.0060.00

70.0080.00

90.00100.00

110.00

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

CAGR X%CAGR X%

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Figure 14: India Power Management IC Market Size in Industrial Sector, By Value, 2010-20F (USD Million)


Industrial Sector

XXXXX in industrial sector is emerging as a XXXXXX for power management ICs in India. Industrial sector

accounted for around X% share in the revenues generated by the PMIC market in 2014. In current

times, industries are equipped with XXXXXX electrical equipment which require different voltage supply for

different parts.

To ensure proper functioning of such electrical equipment due to XXXXX power supply, the demand for PMICs is

expected to XXXXXXX, however, at a XXXXX pace. Major PMICs used in industries include AC-DC controllers and

regulators, DC-DC controllers for voltage & current management.


10.0020.00

30.0040.00

50.0060.00

70.0080.00

90.00100.00

110.00

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

CAGR X%CAGR X%

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Figure 15: India Power Management IC Market Size in Automotive Sector, By Value, 2010-20F (USD Million)


Automotive

Automotive sector accounts for X% market share in 2014, which is expected to XXXXX to X% during the

forecast period. The demand for power management ICs in automobile industry is XXXXXX supported by the

XXXXX demand for automobiles in India.

PMICs used in automobiles include XXXXXX, XXXX and XXXXXX for different applications.


10.0020.00

30.0040.00

50.0060.00

70.0080.00

90.00100.00

110.00

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

CAGR X%CAGR X%

23

© TechSci Research

Source: XXXXXXX

Figure 16: India Power Management IC Market

Share, By Region, By Value, 2014 & 2020FNorth Region:

Northern region of India includes J&K, Himachal

Pradesh, Punjab, Rajasthan, Uttarakhand, U.P.

and Madhya Pradesh. North region accounted

for X% share in India power management IC

market in 2014.

Through 2020, the share is expected to XXXXX

to X%. Industrial and IT & OA sector expansion

are the XXXXX for PMIC in this region.

West Region:

In 2014, western region accounted for market

share of X% and is expected to XXXX to X% by

the end of 2020. XXXXXXX of industrial sector is

driving the demand for PMIC in this region.

I n d i a P o w e r M a n a g e m e n t I C M a r k e t S h a r e , B y R e g i o n

West

2014 2020--------------------X% X%

Northeast

2014 2020--------------------X% X%

East

2014 2020--------------------X% X%South

2014 2020--------------------X% X%

North

2014 2020--------------------X% X%

24

© TechSci Research

Figure 17: India Power Management IC Market Share, By Company, By Value, 2014

I n d i a P o w e r M a n a g e m e n t I C M a r k e t S h a r e , B y C o m p a n y

Texas Instruments,

20.0%

Maxim Integrated, 2

0.0%

STMicroelectronics, 20.0%

ROHM, 20.0%

Others , 20.0%

2014

Texas Instruments

Texas Instruments is currently the XXXXX with a share of X% in India Power management IC market in 2014. TI

India is involved in the development of state-of-the-art solutions for use in

XXXXXXX, XXXXXXX, XXXXXXX, XXXXX, XXXXXXX.


T e x a s I n s t r u m e n t s I n c o r p o r a t e d

Company Brief

© TechSci Reserch

•Texas Instruments IncorporatedRegistered Name

•1951Founded

•SemiconductorsBusiness Line

•Analog electronics, Calculators, Digital signal processors, Integrated circuits

Product Portfolio

•Mr. Rich Templeton: Chairman, President and CEO

Key Personnel 25

Texas Instruments Inc. (TI) is an

American electronics company that

designs and manufactures XXXXXX , and

operates in over XXX countries

worldwide.

TI has set up a R&D facility in XXXXX in

1985. TI is operating in India by

XXXXXX and XXXXXXX.

TI develops solutions for applications

like wireless handsets, wireless base

stations, video surveillance, IP

phones, set top boxes, High

Performance Analog, etc.

Texas Instruments ranked XXX in

Fortune’s World’s Most Admired

Companies for consecutive XXX years.

Company has spend more than USD XXX

billion in research & development in 2014.


© TechSci Reserch

•XXXXXXX

•XXXXXXXMajor Competitors

•XXX manufacturing units in XXX countries

Manufacturing facility

•2014: XXX approximately(worldwide)

No. of Employees

•ISO 9001:2008

•ISO 14001Certification

•12500 TI Boulevard Dallas, Texas–75243, USA

•Tel: 972-995-2011

•Website: http://www.ti.com

Contact Details

Company Brief

26

Revenues (USD million)

Business Revenue Share, By End Use Segment, 2014 Debt-Equity Ratio


© TechSci Research


100

200

300

400

500

2010 2011 2012 2013 2014

100

200

300

400

500

2010 2011 2012 2013 2014

EBITDA (USD million)

10.00

20.00

30.00

40.00

2011 2012 2013 2014

17%

17%

17%17%

17%

15% Industrial

Automotive

Personal electronics Communications equipment Enterprise systems Other 27

Figure 18: Texas Instruments Incorporated, Financial Analysis, 2010-2014

M a x i m I n t e g r a t e d P r o d u c t s , I n c .

Company Brief

© TechSci Reserch

•Maxim Integrated Products, Inc.Registered Name

•1983Founded

•Analog and mixed-signal integrated circuits

Business Line

•Power management ICs, analog signal chain ICs, interface ICs, communications ICs,

Product Portfolio

• Mr. Tunc Doluca : President & CEOKey Personnel 28

Maxim Integrated Products, Inc. was founded by

XXXXXX as well as some renowned IC industry

experts in 1983.

Maxim Integrated designs, manufactures and sells

a broad range of XXXXXX and XXXXXXX.

Maxim supplies integrated circuits for power and

battery management solutions, and also offers an

array of power conversion and control ICs for

diverse applications within

industrial, communications, automotive, consumer

and medical markets.

In 2013, Maxim acquired XXXXXX, a company that

develops integrated solutions for enterprises, cloud

computing, communication and networking

markets.

Maxim design center was founded in March of

2003 at XXXXXXX in India. Another design

center was opened in XXXXXX in 2006.

Manufacturing team at both centers

designs, develops and supports high-end

automated solutions, management

dashboards, and multiple reports.

Both design centers have approximately XXX

engineers. Design team provides XXX

application specific tier-1 support for critical

applications across various Maxim

manufacturing facilities worldwide.


© TechSci Reserch

•XXXXXXXX

•XXXXXXXMajor Competitors

•2014 : XXX(approx.)No. of Employees

•XXX wafer fab & test facilitiesManufacturing Plant

•ISO 9001:2000

•ISO/TS 16949

•ISO 14001

Certification

•160 Rio Robles San Jose, CA 95134 USA

•Tel: 408-601-1000

•Website:www.maximintegrated.com

Contact Details

Company Brief

29


© TechSci Reserch


30

Business Revenue Share, By End Use Segment, 2014 Debt-Equity Ratio

100

200

300

400

500

2010 2011 2012 2013 2014

Revenues (USD million)

10.00

20.00

30.00

40.00

50.00

2010 2011 2012 2013 2014

100

200

300

400

500

2010 2011 2012 2013 2014

20%

20%

20%

20%

20% Consumer

Industrial

Communication & Data Center

Automotive

Computing

Figure 19: Maxim Integrated Products, Inc. Financial Analysis, 2010-2014

EBITDA (USD million)

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