Ever since the time the
“electronic revolution” strikes the industry of telecommunication, there is
exponential growth in the competition in the field, which has lead to furious
investment and innovation, assisting to give rise to the digital market. The
digital market supported the expansion of many electronic appliances like
watches, smart phones, TVs, security system, refrigerators, and of course,
environmentally friendly electric vehicles.
As per the latest market research report, the worldwide
electrical and electronics manufacturing market is predicted to reach $3
trillion by 2020, with Asia Pacific as the biggest market by geographic region
and China the largest market by country. It is predicted to grow at a heady
16.8% growth rate in India. Despite of giving market segmentation and growth by
country and by region, the report as well covers the top trends in the
electronic industry in the coming 5 year forecast period.
1.Product Design Outsourcing:
Original Equipment Manufacturers
(OEMs) are gradually moving product design and development procedures to Electronic
Manufacturing Service (EMS) partners. According
to a report, a part of expertise design services market that is predicted to
reach $157 billion in 2020.
Electronic Manufacturing Service companies
are providing more design services for sub-assemblies and finished products. EMS partners are working together with OEMS
and moving into new models like outsourced design manufacturing (ODM) and joint
design manufacturing (JDM).
2.VR in Electronic Manufacturing:
VR technology is being adapted by
Electronic Manufacturing Companies to enhanced manufacturing efficiency. This technology in the industry of
electronic manufacturing is often termed to as simulation, digital design, and
integration. Considering the growth rate of worldwide electronic equipment
market, which is 5.2%, VR has a big implementation scope in the forecast
period.
3.Robotic and Automation:
A number of electronic markets of equipments are using robotics and automation to
enhance plant productivity and effectiveness. Sensors are being used in several
machines to access invaluable information for enhancing and diminishing
potential breakdowns. For examples, as per a report, 1.2 million industrial
robots are estimated to be deployed by 2025, whereas the electronic equipment
is predicted to reach $2.1 trillion by 2020, therefore indicating a rise in robotics
and automation technology adoption to enhance productivity and decrease production
costs.
