OEMs
(Original Equipment Manufacturers) should consider collaborating with EMS
companies to minimize costs associated with electronic equipment manufacturing. 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.
THE BUSINESS RESEARCH COMPANY EXPECTS THE GLOBAL ELECTRICAL
AND ELECTRONICS MANUFACTURING MARKET TO GROW TO $4 TRILLION BY 2021
Asia
Pacific was the largest region in the electrical
and electronics manufacturing market in 2017, accounting for more than half of the market share..
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at:
According to The
Business Research Company’s Consultant, Nitin Gianchandani, electronic
equipment manufacturing companies are adopting virtual reality technology to
minimize defects in design phase and avoid product recalls. Virtual reality
technology is being adopted by electronic manufacturing companies to improve
manufacturing efficiency. This technology in the electronic manufacturing
industry is often referred as digital design, simulation and integration.
Virtual reality minimizes the scope for product defects in design phase. For
instance, virtual reality technology enables companies to inspect design
objects at all conceivable scales, thereby eliminating defects in the product
in the design stage. They also should consider adopting robotics and automation
technology to reduce operational costs and improve productivity.
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Samsung
Electronics Co Ltd. was the largest player in the electrical and electronics manufacturing market, with revenues of $79 billion
in 2016, accounting for more than 3% of the market. Samsung’s growth strategy
aims at producing innovative audio video technologies through research and
development and company acquisitions. For example, the company has launched a
new Gear VR headset with a wireless controller which is compatible with
existing Galaxy S6, S7 and S8 series, and Galaxy Note 5.
The electrical
and electronic manufacturing industry comprises establishments that are
involved in manufacturing of equipment such as electric motors, primary and
storage batteries, generators, semiconductors and household appliances.
Electrical And Electronics Manufacturing Global
Market Report 2018 is a detailed report giving a unique insight into this
market. The report is priced at $8000 for an individual user. To use across
your office, the price is $12000 and $16000 if you wish to use across a
multinational company.
About The Business Research Company
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TheBusinessResearchCompany.com, mail info@tbrc.info or
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Business Research Company is a market research and intelligence company, which
excels in company, market and consumer research.
It has
research professionals at its offices in the UK, India and the US as well a
network of trained researchers globally. It has specialist consultants in a
wide range of industries including manufacturing, healthcare, chemicals and
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Business Research Company's management has more than 20 years of varied
business research experience. They have delivered hundreds of research projects
to the senior management of some of the world's largest organizations.
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