Electronics Manufacturing involves the development, design, and production of both industrial and consumer electronics, as well as household appliances.
Largest consumer electronics companies in the market:
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Apple
- Microsoft
- Alphabet
- Amazon
- Meta Platforms
- Samsung Electronics
- Alibaba Group
- Honeywell International
- Sony
- Xiaomi
Key trends:
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Outsourcing of product development
Manufacturers are increasingly outsourcing the design and development processes to reduce overall costs and shift from fixed to variable costs.
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Virtual reality in electronics manufacturing
Electronics manufacturers are adopting virtual reality technologies to improve production efficiency. This technology enables companies to detect defects early in the design phase, optimizing the entire production chain. Given the growth
rate of the global electronics market, which is 5.2% according to TBRC, virtual reality technology is expected to see widespread adoption in the near future.
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Use of robotics and automation technology to enhance equipment efficiency and productivity
Many electronics manufacturers are using robotics and automation technology to improve the efficiency and productivity of their factories. The use of sensor-based systems in automated production lines helps reduce potential defects.
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Growing demand for "smart" consumer devices and IoT functionality
The development of digital technologies is driving demand for devices with integrated smart features and fast internet access. According to a report by IHS Technology, 48.5% of televisions shipped worldwide were smart TVs. To enhance the
quality of life for customers, home appliance manufacturers are integrating their products with IoT technology.
