Page 65 - Edelweiss India Conference 2022 FLIPBOOK
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New Energy Digital Manufacturing Capital Markets Human Capital
How have the top 10 EMS giants spent on R&D
3,300 5.0%
3,200
2,640 4.0% 4.0%
3.3% 3.0%
1,980
USD mn 1,320 1.8% 2.3% 1.9% 2.0%
660 1.2% 1.5% 1.3% 70 1.0%
40 0.3%
0 0.2% 0.0%
Hon Hai Pegatron Quanta Compel Wistron Jabil Flex Inventec BYD USI
Technology Electronics Electronics (Universal
(Foxconn)
Industrial)
R&D Expense (USD mn) R&D Expense as % of revenue (RHS)
Source: Company, Frost & Sullivan, Edelweiss Research
India’s electronics production to grow exponentially
450
360
270
USD bn
180
90
0
FY17 FY18 FY19 FY20 FY21 FY25E FY30E
Source: Meity, Frost & Sullivan, Edelweiss Research
The global electronics and EMS industry is expected to grow at mid-single digits…
Global Electronics Market (CAGR) Global EMS Market (CAGR)
CY25 - 5% l CY30 - 6% CY25 - 4.5% l CY30 - 4.1%
CY25E: CY25E:
USD2,955bn FY30E: USD1,002bn CY30E:
USD4,000bn USD1,225bn
CY21: CY21:
USD2,431bn USD804bn
Source: Frost & Sullivan, Edelweiss Research
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