Industry

Zinnov’s Study finds Bangalore as Preferred Destination for MNC’s in Automotive, Aerospace & Defence and Semiconductor Verticals

Leading management consulting firm, Zinnov’s latest study on the MNC R&D Talent Landscape in India with very specific focus on Automotive, Aerospace & Defence and Semiconductors verticals suggested a positive and upbeat outlook for the industry. The Zinnov report said that the R&D talent pool is expected to grow at a CAGR of 10.9% and touch 1 million by 2020 from the present 610,000.

The Indian ecosystem currently houses 928 MNCs, with 1165 R&D centers, making the current MNC R&D talent pool stand at 323,000, with the Telecommunication/Networking, Semiconductor and Automotive verticals employing approximately 10% each of the total MNC R&D talent pool, respectively.

The report also puts forward insightful revelations on the talent distribution across locations, stating that 96% of MNCs are set up in tier-1 cities with Bangalore and Pune accounting for the highest concentration of R&D talent. Talking about Aerospace alone, the report reads that with top MNCs based out of Bangalore like Airbus, Boeing, Bombardier, Safran, Lockheed Martin, etc, R&D centers in this vertical are aligning their capability with global trends such as IoT and Big Data. Additionally, the Aerospace & Defence MNCs largely employ software and embedded talent with minimum focus on mechanical talent, it added. Aerospace & Defence vertical in India has come a long way in the product-engineering value-chain, from providing just peripheral services to securing high-involvement collaborations for developing whole subsystems, systems, and solutions.

Laying specifics on the Automotive vertical, the Zinnov study reads that the MNCs in this vertical have a significant R&D presence in India with players like Mercedes Benz, Visteon, Fiat Chrysler, Renault Nissan, Ford, etc. And when it comes to talent, automotive R&D centers majorly employ mechanical talent but are increasing their hiring focus on embedded and software talent to deliver advanced solutions such as ADAS. It also added that the Deccan Triangle (Pune – Hyderabad – Bangalore) is the automotive hub in India with Pune leading with the highest number of automotive R&D centers in India.

Semiconductor as a vertical, on the other hand, houses names like Intel, Qualcomm, ARM, AMD, Applied Materials, Texus Instruments, etc, in the MNC R&D landscape and Internet of Things (IOT) has boosted the installed talent in this vertical significantly. The centers in this vertical employ software and embedded talent only, it reflected. Additionally, the report also added that India is becoming a key market for most semiconductor companies with initiatives such as ‘Digital India’ and ‘Smart cities’ in motion. Most of the centers are focussing on next-generation technologies, which are centered around wireless networking (4G & above) and video technologies. Apart from this, India is also becoming a hub for R&D in developing products for Internet of Things platform.

Speaking about the released study, Anand Subramaniam, Engagement Manager & Project Lead, Zinnov, said, “Attributing the burgeoning talent growth to factors such as the rise in MNCs (over 200 MNCs have entered the Indian ecosystem in the last decade), service providers, tech startups and Indian establishments, we are confident that proactive government initiatives like ‘Make in India’ and ‘Digital India’ are expected to further drive the R&D talent intensity in the Automotive, Industrial, Software, Semiconductor and Engineering Services verticals.”

(Source:Press release)

Previous post

DIGISOL launches Gigabit Managed Switch with 8 PoE Port

Next post

HackerRank Partners with Bing to Help Programmers Find Solutions Faster

techspirit

techspirit

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *