G500 R&D spending 2014

WORKING SESSION:RECRUITMENT BEST PRACTICES

MAY 2014

Global 500 R&D Spending - 2014Summary Report

July 2015

Agenda

01

02

03

Global 500 R&D Spender Landscape

Vertical R&D Trends

Regional R&D Trends

Agenda

01

02

03


Vertical R&D Trends

Regional R&D Trends

2012 2013 2014

599 602 614

R&D investment for G500 companies was 614 Billion for FY2014

4.03% 4.13% 4.31%

Total Global 500 R&D Spend X% R&D Spend as a % of revenue

G500 R&D Spend(In USD billion)

CAGR:0.5% CAGR:1.95%

152Billion Dollar Spenders in

2014

21New Entrants

42High Growth* R&D

Spenders

4.3%Average R&D Spend as %

of Revenue

• The R&D spending by the Billion Dollar spenders totalled up to USD 472 Billion

• Four new companies have entered the billion dollar R&D spender club this year

• Majority of the new entrants were from Industrial and Semiconductor verticals

• 5 companies within G500 got acquired, 12 companies reduced their R&D spend and 2 companies went Private and left the list

• More than 40% of the high growth R&D spenders were from Consumer/Web 2.0 & E-Commerce and Semiconductor verticals

• Companies from verticals like Consumer/Web 2.0 & E-Commerce, Semiconductor and Enterprise Software & Enterprise 2.0 have R&D intensities greater than 10% while Industrial, Energy & Utility firms have R&D intensities less than 2%

Note: *High Growth R&D Spenders are companies that increased their R&D spend by 30% or more over previous year

R&D investment for G500 companies was 604 Billion for FY2014

R&D Spend by the Major Verticals

USD 109 Bn USD 71 Bn USD 51 Bn USD 46 Bn USD 41 Bn

Automotive Software/Internet Semiconductor Consumer Electronics Telecommunication

Top 5 Spenders

R&D Spend(USD Bn)

Volkswagen 14

Toyota Motor 9

General Motors 7

Ford Motor 7

Robert Bosch 6

Top 5 Spenders

R&D Spend(USD Bn)

Microsoft 11

Google 10

Amazon.com 9

IBM 5

Oracle 5

Top 5 Spenders

R&D Spend(USD Bn)

Intel 12

Qualcomm 5

Broadcom 2

Taiwan Semiconductor 2

Foxconn Technology Group 2

Top 5 Spenders

R&D Spend(USD Bn)

Samsung Electronics 14

LG 5

Panasonic 5

Sony 5

Toshiba 3

Top 5 Spenders

R&D Spend(USD Bn)

Huawei Technologies 7

Cisco Systems 6

Ericsson 5

Alcatel-Lucent 3

NTT 2

Total Global 500 R&D SpendUSD 614 Bn

1 12 23 34 45 56 67 78 89 100 111 122 133 144 155 166 177 188 199 210 221 232 243 254 265 276 287 298 309 320 331 342 353 364 375 386 397 408 419 430 441 452 463 474 485 4960.00

2.00

4.00

6.00

8.00

10.00

12.00

14.00

16.00

66%

R&

D S

pend

in B

illio

n

2014 R&D Spend Ranking

Over 65% of the overall R&D spend was contributed by the top 100 R&D spenders

614 Billion

17%

8%5% 4%

Contribution of Global 500 R&D Spenders

43%

26%

14%9% 7%

X% Y%% of total G500 R&D Spend % of total G500 Revenue

2012 2013 2014

40% 42% 43%

33%35% 32%

20% 14% 15%

7% 9% 10%

North America Europe Japan APAC

Top 100 R&D Spenders - Regional R&D Spend TrendsSplit of R&D Spending of Top 100 R&D Spenders across regions

6% 4%

8% 7%

29% 6%

35% 16%

Top 100 R&D Spenders - Regional R&D Spend TrendsSplit of R&D Spending of Top 100 R&D Spenders across regions

Medical Devices

Energy & Utility

Industrial

Aerospace and Defence

Computer Peripherals and Storage

Consumer / Web 2.0 and E-Commerce

Semiconductor

Enterprise Software & Enterprise 2.0

Telecommunication

Consumer Electronics

Automotive

1

2

3

14

17

24

24

25

28

35

85

2014 2013 2012

The shares of North American and APAC based firms in the Top 100 are on a consistent rise

% Increase % Decrease

The number of Billion dollar club members in the Global 500 R&D spenders has increased though the share of R&D spending has not seen any significant change

2013 2014

76% 77%

24% 23%

$459 Bn

148 Companies

$472 Bn

152 Companies

$144 Bn

352 Companies

$142 Bn

348 Companies

Billion Dollar Club R&D SpendingSplit of G500 R&D Spenders with more than USD 1 Bn R&D Expenditure

Medical Devices

Industrial

Energy & Utility





Telecommunication

Semiconductor


Automotive

R&D Spend 2013 R&D Spend 2014

2%

16%

3%

X% % change in R&D Spend in 2014 over 2013

0%

2%

49%

6%

3%

14%

0%

12%

The Billion Dollar club is gaining more companies from APAC

Billion Dollar Club - Regional R&D Spend TrendsSplit of Billion Dollar R&D Spending (USD) across regions

42%

32%

15%

11%

41%

35%

15%

9%

40%

33%

20%

7%2013

2014

2012

RoW

APAC

Japan

Europe

North America

3

11

29

45

54

2

13

27

50

56

2

17

27

50

56

2014 2013 2012

Billion Dollar Club - Regional R&D Spend TrendsSplit of number of Billion Dollar R&D Spenders Across Regions

NA

EU

Japan

APAC

RoW

Around 38% of the G500 R&D spenders increased their R&D expenditure

Percentage of companies whose R&D grewSplit of Companies based on R&D spend change

59%

39%

3%

59%

38%

3%

Companies that grew

Companies that de-grew

Companies with no growth or de-growth

2013

2014 Company Name Country Vertical % Change

Tesla Motors USA Automotive 100%

Facebook USA Consumer / Web 2.0 and E-Commerce 88%

Ctrip.com China Consumer / Web 2.0 and E-Commerce 82%

Thermo-Fisher Scientific USA Medical Devices 75%

Avago Technologies Singapore Semiconductor 75%

Company Name Country Vertical % Change

Gazprom Russia Energy & Utility 34%

SAAB Sweden Aerospace & Defence 30%

Areva France Energy & Utility 26%

Indira Sistemas Spain Enterprise Software & Enterprise 2.0 24%

Vestas Wind Systems Denmark Energy & Utility 24%

Top 5 R&D growth companies

Top 5 R&D decline companies

Agenda

01

02

03


Vertical R&D Trends

Regional R&D Trends

North America and Europe combined together contribute more than 70% of G500 R&D

Regional R&D Spend Trends

North AmericaSemiconductor 13% 13%

Enterprise Software & Enterprise 2.0 12% 12%

Consumer / Web 2.0 & E-Commerce 12% 9%

Automotive 7% 7%

Computer Peripherals & Storage 6% 6%

USD

255Bn

EuropeAutomotive 28% 28%

Telecommunication 8% 8%

Aerospace & Defence 7% 7%

Industrial 5% 5%

Energy & Utility 4% 4%

USD

189Bn

APACConsumer Electronics 31% 35%


Semiconductor 12% 11%

Automotive 10% 10%

Energy & Utility 6% 8%

USD

66Bn

JapanAutomotive 30% 29%

Consumer Electronics 22% 23%

Computer Peripherals & Storage 6% 6%

Industrial 4% 5%


USD

99Bn

5%

X% Indicates % contribution of a region to overall G500 R&D spend X% Indicates % Increase/Decrease in R&D Spend over previous year2013 R&D

Spend2014 R&D

Spend

6%

2014 2013

2014 2013

6%23%

2014 2013

12%

2014 2013

6%

21%6%



North AmericaTop Spenders

FY2014 FY2013

1 Intel Intel

2 Microsoft Microsoft

3 Google Dell

4 Amazon.com Johnson & Johnson

5 Johnson & Johnson General Motors

EuropeTop Spenders

FY2014 FY2013

1 Volkswagen Volkswagen

2 Robert Bosch BMW

3 BMW Robert Bosch

4 Daimler Daimler

5 Siemens Siemens

APACTop Spenders

FY2014 FY2013

1 Samsung Electronics

Samsung Electronics

2 Huawei Technologies

Huawei Technologies

3 LG LG

4 Petrochina Petrochina

5 Hyundai Motor Hyundai Motor

1 Tesla Motors 100%

2 Facebook 88%

3 Thermo Fisher Scientific 75%

4 Micron Technology 47%

5 Salesforce.com 45%

Top Growth Firms and Growth % from 2013 to 2014

JapanTop Spenders

FY2014 FY2013

1 Toyota Motor Toyota Motor

2 Honda Motor Honda Motor

3 Nissan Motor Panasonic

4 Panasonic Sony

5 Sony Nissan Motor

1 Imagination Technologies 49%

2 Mahle 44%

3 Skoda 32%

4 Trumpf 24%

5 BAE Systems 22%

1 Ctrip.com International 82%

2 Avage Technologies 75%

3 Baidu 66%

4 Qihoo 360 Technology 59%

5 Mediatek 55%

1 Nintendo 37%

2 Koito Manufacturing 26%

3 Toyota Industries 25%

4 Hoya 24%

5 Daikin Industries 22%






0%-4%

Central USA

UK

France

Scandinavia

India

Japan

13%-6%

18% -8%20%

24%

2%

Size of the Bubble indicates 2014 R&D Spend; Value X% indicates the growth rate in R&D Spend from 2012 to 2014Dotted Bubble indicates 2020 Estimated R&D Spend

X%

West Coast

5%

East Coast

South Korea

China-2%Germany

R&D Spending in Consumer/Web 2.0 and E Commerce vertical is witnessing the maximum growth in the USA

2012 2013 2014 2020E

227 241 253

3485.38% 5.61% 5.79%


G500 R&D Spend in USA(In USD billion)

CAGR:5.5%


Automotive



Semiconductor

31

26

115

44

49

16

19

30

31

34

1 Intel USD 11.5 Bn

2 Microsoft USD 11.4 Bn

3 Google USD 9.8 Bn

4 Amazon.com USD 9.3 Bn

5 Johnson & Johnson USD 8.5 Bn

1 Tesla Motors 100%

2 Facebook 88%




Highest R&D Spenders Highest Growth in R&D Spend New Entrants

1. Teradata

2. Verifone Systems

3. Qorvo

4. Synaptics

5. Tyco International

6. Federal-Mogul

7. Microsemi

8. Exelixis

9. Molex

Vertical Split of G500 R&D Spenders in USA(In USD billion)

R&D Spend 2014 R&D Spend 2020E

6%

6%

25%

6%

12%

CAGR

The West Coast is driving the R&D spending in the USA

West Coast46%

Central Region24%

East Coast29%

West Coast: 115 Bn1. Consumer/Web 2.0 and E-Commerce2. Semiconductor3. Enterprise Software and Enterprise 2.0

Central Region: 61 Bn1. Automotive2. Aerospace and Defence3. Medical Devices

East Coast: 74 Bn1. Enterprise Software & Enterprise 2.02. Computer Peripherals and Storage3. Medical Devices

2014 2020E

115

245

Mountain Region: 3 Bn1. Semiconductor2. Automotive3. Consumer Electronics

Mountain Region1%

2014 2020E3 6

R&D Spend Growth(In USD billion)


2014 2020E

61

43


CAGR:13%

CAGR:14%

CAGR:-6%

2014 2020E

74

98


CAGR:5%

USA - Regional Trends in R&D

California

Washington

Illinois

Michigan New York

New Jersey

Major Hotspots in USA

Automotive vertical is witnessing the maximum growth in Europe while Telecommunication is on a decline

2012 2013 2014 2020E

191 202 189 184

3.49% 3.90% 4.10%


G500 R&D Spend in Europe(In USD billion)

CAGR:5.5%

Energy & Utility

Industrial


Telecommunication

Automotive

6

5

14

7

67

7

9

14

14

53

1 Volkswagen USD 14 Bn

2 Robert Bosch USD 6 Bn

3 BMW USD 5.5 Bn

4 Daimler USD 5.4 Bn

5 Siemens USD 5.1 Bn


2 Mahle 44%

3 Skoda 32%

4 Trumpf 24%

5 BAE Systems 22%


1. Anheuser Busch Inbev SA

2. KWS SAAT

3. Merz Pharma

4. Vilmorin

5. Imagination Technologies

Vertical Split of G500 R&D Spenders in Europe(In USD billion)


4%

-10%

0%

-9%

-3%

CAGR

West European countries like Germany, UK and France contribute to more than 85% of the R&D spend in Europe

Western Europe86%

Eastern Europe0.2%

Scandinavia8%

Western Europe: 163 Bn1. Automotive2. Telecommunication3. Aerospace & Defence

Eastern Europe: 0.4 Bn1. Automotive

Scandinavia: 16 Bn1. Telecommunication2. Automotive3. Industrial

2014 2020E

163 165

Southern Europe: 10 Bn1. Automotive2. Telecommunication3. Aerospace & Defence

Southern Europe5%

2014 2020E10 7



CAGR:0.2%

CAGR:-5%

2014 2020E

16

12


CAGR:-4%

Europe - Regional Trends in R&D

Telecommunication companies lead R&D spending in China; however, Consumer/Web 2.0 and E-commerce vertical is on a rise

2012 2013 2014 2020E

18 21 26

80

1.45% 1.54% 1.86%


G500 R&D Spend in China(In USD billion)

CAGR:20.3%

Industrial

Automotive

Energy & Utility


Telecommunication

1

11

3

41

14

1

1

3

1

6

1 Huawei Technologies USD 6.6 Bn

2 Petrochina USD 2.1 Bn

3 ZTE USD 1.5 Bn

4 Tencent USD 1.2 Bn

5 Baidu USD 1.1 Bn


2 Baidu 66%


4 Great Wall Motor 48%

5 Sohu.com 48%

Highest R&D Spenders Highest Growth in R&D Spend New Entrants1. Semiconductor Manufacturing International

Vertical Split of G500 R&D Spenders in China(In USD billion)


13%

84%

-4%

42%

9%

CAGR

Companies based out of Beijing, Shanghai and Shenzhen contribute to more than 95% of the total R&D spending in China

EastChina

1%

West China: .5 Bn1. Automotive2. Energy & Utility

South Central Region: 12 Bn1. Telecommunication2. Automotive3. Consumer/Web 2.0 & E-Commerce

2014 2020E1 1

North China: 13 Bn1. Transportation2. Energy & Utility3. Consumer/Web 2.0 & E-Commerce

North China50%

2014 2020E13

43



CAGR:5%

CAGR:22%

2014 2020E

1234


CAGR:18%

West China2%

South Central China47%

East China: .25 Bn1. Automotive

China - Regional Trends in R&DMajor Hotspots in China

Beijing

ShanghaiShenzhen

Japan’s R&D spending is on a rise this year with companies increasing R&D spending across verticals

2012 2013 2014 2020E

118

93 99

604.66% 4.67%4.37%


G500 R&D Spend in Japan(In USD billion)

CAGR:-8%

Medical Devices

Industrial



Automotive

3

2

3

10

24

2

4

6

21

30

1 Toyota Motor USD 8.8 Bn

2 Honda Motor USD 5.8 Bn

3 Nissan Motor USD 4.9 Bn

4 Panasonic USD 4.6 Bn

5 Sony USD 4.5 Bn

1 Nintendo 37%

2 Koito Manufacturing 26%

3 Toyota Industries 25%

4 Hoya 24%



1. Hoya

2. Santen Pharmaceutical

3. Tokai Rika

4. JSR Corporation

Vertical Split of G500 R&D Spenders in Japan(In USD billion)


-3%

-11%

-10%

-12%

7%

CAGR

Agenda

01

02

03


Vertical R&D Trends

Regional R&D Trends

Companies from the Consumer / Web 2.0 & E-Commerce vertical have significantly increased their R&D spending

1 Volkswagen 0%

2 Toyota Motor 15%

3 General Motors 3%

4 Ford Motor 8%

5 Robert Bosch -4%

1 Samsung Electronics -3%

2 LG 5%

3 Panasonic -3%

4 Sony 1%

5 Toshiba 10%

1 Microsoft 9%

2 IBM -5%

3 Oracle 6%

4 SAP -10%

5 VMware 15%

1 Intel 9%

2 Qualcomm 10%

3 Broadcom -5%

4 Taiwan Semiconductor 12%

5 Foxconn Technology -1%

1 Huawei Technologies 26%

2 Cisco Systems 6%

3 Ericsson -7%

4 Alcatel-Lucent -14%

5 NTT -5%

1 Google 38%

2 Amazon.com 41%

3 Facebook 88%

4 eBay 13%

5 Tencent 45%

1 3M 3%

2 ABB 2%

3 Vale -8%

4 Schneider -3%

5 TE Connectivity 0%

1 Airbus Group -4%

2 Boeing -1%

3 Safran -3%

4 BAE Systems 22%

5 Finmeccanica -11%

1 Petrochina -10%

2 Total 7%

3 Royal Dutch Shell -7%

4 Schlumberger 4%

5 Petroleo Brasiliero -3%

1 Medtronic -5%

2 Baxter International 22%

3 Boston Scientific -5%

4 St Jude Medical 0%


AutomotiveConsumer Electronics

Enterprise Software & Enterprise 2.0Semiconductor Telecommunication

Consumer / Web 2.0 & E-Commerce Industrial

Aerospace & Defence Energy & Utility Medical Devices

USD 109 Bn USD 46 Bn USD 37 BnUSD 51 Bn USD 42 Bn

USD 34 Bn USD 20 BnUSD 21 Bn USD 18 Bn USD 11 Bn

1 Apple 35%

2 Hewlett-Packard 10%

3 EMC 8%

4 Canon -11%

5 Western Digital 6%


USD 27 Bn

2% 7% 1% 5%

35%2% 6% 1%

0%

0%0%

USD XX Bn X%Y% Z%Total Vertical R&D spend 2014

% Increase in R&D spend over 2013

% decrease in R&D spend over 2013

No change in R&D spend from 2013

Companies from Hi-Tech verticals like Software, Internet and Semiconductor have an average R&D intensity of more than 10%

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Automoti

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Energy

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tility

0%

2%

4%

6%

8%

10%

12%

14%

16%

14%

12%

10%

7%

6%6%

5% 5%4% 4%

2%

0%

2012 2013 2014

R&D Intensity Analysis

Automotive

Telecommunication





Medical Devices

Industrial


Semiconductor

Energy and Utility

2012 2013 2014

103

106

109

Total Global 500 R&D Spend X% R&D Intensity*

4.26%

4.30%4.29%

R&D Spending Growth(In USD billion)

North Amer-ica

Europe RoW APAC Japan

19

53

07

30

Regional R&D Spending(In USD billion)

1 Volkswagen USD 14 Bn

2 Toyota Motor USD 8.8 Bn

3 General Motors USD 7.4 Bn

4 Ford Motor USD 6.4 Bn

5 Robert Bosch USD 6.3 Bn

1 Tesla Motors 100%

2 Great Wall Motor 48%

3 Mahle 44%

4 Byd Co Ltd-H 42%

5 Dongfeng Motor 40%

Highest R&D Spenders

Highest Growth in R&D Spend

New Entrants

Billion Dollar R&D Spenders/Total Companies

23/60

1. Tokai Rika

2. Federal-Mogul

Top Countries

1. Germany

2. Japan

3. USA

Automotive Vertical: Summary

Industrial

Telecommunication


Semiconductor


Energy and Utility

Medical Devices

Automotive




2012 2013 2014

46

48

51


11.64%

11.82%

11.70%


North Amer-ica


34

52

83


1 Intel USD 11.5 Bn

2 Qualcomm USD 5.5 Bn

3 Broadcom USD 2.4 Bn

4 Taiwan Semiconductor USD 1.8 Bn

5 Foxconn Technology Group USD 1.5 Bn

1 Avago Technologies 75%

2 Mediatek 55%



5 SK Hynix 40%



New Entrants


16/47

1. Qorvo

2. Imagination Technologies

3. Semiconductor Manufacturing Int'l (ADR)

Top Countries

1. USA

2. Taiwan

3. Netherlands

Semiconductor Vertical: Summary

Industrial

Telecommunication


Semiconductor


Energy and Utility

Medical Devices

Automotive




2012 2013 2014

41.341.2

41.5


4.38%

5.01%5.12%


North Amer-ica


15 15

0

9

3


1 Huawei Technologies USD 6.6 Bn

2 Cisco Systems USD 6.3 Bn

3 Ericsson USD 4.7 Bn

4 Alcatel-Lucent USD 2.7 Bn

5 NTT USD 2.4 Bn

1 Arris 31%

2 F5 Networks 26%

3 Huawei Technologies 26%

4 ZTE 19%

5 AT&T 16%



New Entrants


13/31

Top Countries

1. USA

2. China

3. Sweden

None

Telecommunication Vertical: Summary

Industrial

Telecommunication


Semiconductor


Energy and Utility

Medical Devices

Automotive




2012 2013 2014

44.8

45.6 45.6


5.67%

6.29% 6.23%


North Amer-ica


2 1 0

20 21


1 Samsung Electronics USD 14 Bn

2 LG USD 8.8 Bn

3 Panasonic USD 7.4 Bn

4 Sony USD 6.4 Bn

5 Toshiba USD 6.3 Bn

1 Nintendo 37%

2 Alps Electric 18%

3 Sega Sammy 10%

4 Toshiba 10%

5 Garmin 8%



New Entrants


10/27

Top Countries

1. Japan

2. South Korea

3. USA

None

Consumer Electronics Vertical: Summary

Industrial

Telecommunication


Semiconductor


Energy and Utility

Medical Devices

Automotive




2012 2013 2014

33

35

37


9.99%

10.10%10.21%


North Amer-ica


31

60 0 0


1 Microsoft USD 11.3 Bn

2 IBM USD 5.4 Bn

3 Oracle USD 5.1 Bn

4 SAP USD 2.8 Bn

5 VMware USD 1.2 Bn


2 NCR 30%

3 Red Hat 21%

4 Verifone Systems 18%

5 CA 17%



New Entrants


6/29

1. Teradata

2. Verifone Systems

Top Countries

1. USA

2. Germany

3. Spain

Enterprise Software & Enterprise 2.0 Vertical: Summary

Industrial

Telecommunication


Semiconductor


Energy and Utility

Medical Devices

Automotive




2012 2013 2014

2125

34


12.00%12.55%

14.06%


North Amer-ica


30

1 04

0


1 Google USD 9.8 Bn

2 Amazon.com USD 9.2 Bn

3 Facebook USD 2.6 Bn

4 eBay USD 2 Bn

5 Tencent USD 1.2 Bn

1 Facebook 88%


3 Baidu 66%


5 Sohu.com 48%



New Entrants


8/19

Top Countries

1. USA

2. China

3. France

None

Consumer / Web 2.0 and E-Commerce Vertical: Summary

Industrial

Telecommunication


Semiconductor


Energy and Utility

Medical Devices

Automotive




2012 2013 2014

33 33

27


4.52%4.71%

3.95%


North Amer-ica


16

10

36


1 Apple USD 6 Bn

2 Hewlett-Packard USD 3.5 Bn

3 EMC USD 3 Bn

4 Canon USD 2.6 Bn

5 Western Digital USD 1.7 Bn

1 Apple 35%

2 Synaptics 33%

3 Lexmark 24%

4 Lenovo 17%

5 Realtek Semiconductor 11%



New Entrants


7/25

1. SynapticsTop Countries

1. USA

2. Japan

3. Taiwan

Computer Peripherals & Storage Vertical: Summary

Industrial

Telecommunication


Semiconductor


Energy and Utility

Medical Devices

Automotive




2012 2013 2014

21.1

21.3

21.4


4.78%

4.70%

4.85%


North Amer-ica


7

14

0 0 0


1 Airbus Group USD 4.1 Bn

2 Boeing USD 3 Bn

3 Safran USD 2.4 Bn

4 BAE Systems USD 2.1 Bn

5 Finmeccanica USD 1.9 Bn

1 BE Aerospace 29%

2 BAE Systems 22%

3 Bombardier Inc 18%

4 General Dynamics 15%

5 Rolls-Royce 13%



New Entrants


6/19

NoneTop Countries

1. USA

2. Netherlands

3. France

Aerospace & Defence Vertical: Summary

Industrial

Telecommunication


Semiconductor


Energy and Utility

Medical Devices

Automotive




2012 2013 2014

22.7

20.219.8


2.22%

2.15%

2.24%


North Amer-ica


5

9

1 1

4


1 3M USD 1.7 Bn

2 ABB USD 1.5 Bn

3 Vale USD 0.7 Bn

4 Schneider USD 0.7 Bn

5 TE Connectivity USD 0.7 Bn

1 Shanghai Electric 39%

2 Trumpf 24%


4 Atlas Copco 14%

5 Kubota 14%



New Entrants


2/50

1. Tyco International

2. Microsemi

3. Molex

4. Yue Yuen Industrial

Top Countries

1. USA

2. Japan

3. Switzerland

Industrial Vertical: Summary

Industrial

Telecommunication


Semiconductor


Energy and Utility

Medical Devices

Automotive




2012 2013 2014

19

20

18


0.44%0.48%

0.49%


North Amer-ica


5

7

2

4

0


1 Petrochina USD 2.1 Bn

2 Total USD 1.4 Bn

3 Royal Dutch Shell USD 1.2 Bn

4 Schlumberger USD 1.2 Bn

5 Petroleo Brasiliero USD 1.1 Bn

1 CNOOC Limited 39%

2 Baker Hughes 10%

3 Weatherford International 9%

4 Alstom 8%

5 Total 7%



New Entrants


7/29

NoneTop Countries

1. USA

2. France

3. China

Energy & Utility Vertical: Summary

Industrial

Telecommunication


Semiconductor


Energy and Utility

Medical Devices

Automotive




2012 2013 2014

10.8

11.5 11.4


6.25% 6.34%

7.30%


North Amer-ica


8

2

0 0

2


1 Medtronic USD 1.5 Bn

2 Baxter international USD 1.1 Bn

3 Boston Scientific USD 0.8 Bn

4 St Jude Medical USD 0.7 Bn

5 Thermo Fisher Scientific USD 0.7 Bn


2 Hoya 24%

3 Baxter International 22%

4 Cerner 18%

5 Stryker 15%



New Entrants


2/24

1. HoyaTop Countries

1. USA

2. Japan

3. Germany

Medical Devices Vertical: Summary

Bangalore 69 "Prathiba Complex", 4th 'A' Cross, Koramangala 5th Block,Bangalore-560 095. Phone: +91-80-41127925/6

SingaporeLevel 42, Suntec Tower Three8 Temasek BoulevardSingapore 038988Phone:+65 6829 2123

Texas21, Waterway AveSuite 300 The WoodlandsTX-77380 USAPhone:+1-281-362-2773

BeijingMeilifang Tower 4, Entrance 4, 10/F #1003,11 Beiyuan Shuangying Road,Chaoyang District, BeijingChina 100012

Thank You

Gurgaon Office:First Floor,Plot no. 131, Sector 44, Gurgaon-122002,Phone: +91 124 4420100

California Office3080 Olcott Street Suite A125, Santa Clara, CA 95054 Phone: +408-716-8432