Electrical and electronics manufacturing Market To Grow Due To Economic Boom
The Business Research Company’s global electrical and electronics manufacturing market, covers the year-on-year growth of the global electrical and electronics manufacturing historic and forecast growth. It also includes chapters on the electrical and electronics manufacturing’s trends, geographical analysis, and competitive landscape.
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The global electrical and electronics manufacturing market is forecast to grow at a CAGR (compound annual growth rate) of around 5 % to 2022.
Electrical and electronics manufacturing Trends
Original Equipment Manufacturers (OEMs) are increasingly moving product design and development processes to EMS partners. Product design is being outsourced to reduce overall costs and shift from fixed costs to variable costs. EMS companies are offering more design services for sub-assemblies and finished products. OEMS are collaborating with EMS partners and moving into new models such as joint design manufacturing (JDM) and outsourced design manufacturing (ODM).
JDM model is further divided into high touch JDM and low touch JDM. High touch JDM is limited to DFx and valor analysis, whereas low touch JDM include board design and development. ODM model focuses on qualification and system integration testing, thus indicating a shift in electronic equipment manufacturing process.
The global electrical and electronics manufacturing is primarily driven by increase in global electrical and electronics manufacturing demand due to rising economy and increased mergers and acquisitions.
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The global electrical and electronics manufacturing market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
With the growing urbanization and infrastructure, the global electrical and electronics manufacturing is expected to increase in potential and scope. TBRC’s report also covers the global electrical and electronics manufacturing market report drivers and restraints in the market.
The global electrical and electronics manufacturing market segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the global electrical and electronics manufacturing report are Samsung Electronics Co Ltd, Panasonic Corporation, Intel Corporation, Toshiba Corporation, Taiwan Semiconductor Mfg. Co. Ltd.
