3 Latest Emerging Trends in the Electronic Industry

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.