India’s Energy ER&D exports stood at a little over USD 1 billion in FY2015, a 6 per cent share in India’s total ER&D exports. This sector is dominated by GICs (>55 per cent share); ESPs account for the balance. Cost savings remains an important driver to offshoring; however, other factors gaining importance – meeting government regulations, reduced time-to-market and providing flexible capacity. By 2020, offshored ER&D market for energy sector will be between USD 2-3 billion with India’s share in global offshore (energy) market expected to grow to 42-48 per cent.
Propensity to offshore is increasing across product engineering (esp. detailed engineering, testing/verification & validation and in-service support) and process/plant engineering.
Greater demand for embedded systems, due to increased electronic content.
Smartgrids/smartmeters, predictive analytics, M2M, robotics systems design, etc.
India’s Automotive ER&D exports stood at ~USD 2.5 billion in FY2015, a 16 per cent share in India’s total ER&D exports. Third-party service providers dominate this market (~65…
By 2020, offshored ER&D market for aerospace sector will be between USD 4.5-5 billion. India is set to garner anywhere between 40-50 per cent of this market (USD 2.0-2.5 billion).…
