Since the time of “electronic revolution” hit the telecommunications industry, competition in the field has been increasing rapidly leading to irrational investment and innovation, helping to foster the digital economy. The digital economy supports the development of electronic equipment such as smartphones, watches, TVs, refrigerators, security systems, and of course, eco-friendly electric vehicles.
In addition to providing market and growth segments by region and country, the post also covers five major trends in the electronics industry:
1. Product Design Outsourcing
Original Equipment Manufacturers (OEMs) are moving the product design and development process to the Electronic Manufacturing Services (EMS) partner. Product design, part of the special design services market that is expected to reach billion, is being channeled to reduce overall costs and shift from fixed costs to variable costs.
EMS Company offers more design services for sub-assemblies and finished products. OEMS collaborates with EMS partners and moves into new models such as joint design manufacture (JDM) and outsourcing design manufacturing (ODM).
2. Virtual Reality in Electronic Manufacturing
Virtual reality technology is being adopted by electronics manufacturing companies to improve manufacturing efficiency. This technology in the electronic manufacturing industry is often referred to as digital design, simulation, and integration. Virtual reality technology allows companies to inspect design objects at all possible scales, thereby eliminating defects in products at design stage. Taking into account the growth rate of the electronic equipment market around the world, virtual reality has a large scope of execution in the forecast period.
3. Robotics and Automation
Many electronics equipment companies use robotics and automation to improve plant efficiency and productivity. Sensors are being used in various machines to access invaluable data to improve efficiency and reduce potential damage.
4. IoT Technology Driving Smart Household Appliances
Home appliance manufacturers integrate their products with IoT technology to make customers comfortable and convenient. The Internet of Things Technology is the interconnection of physical objects and devices that are integrated with sensors and software that enable them to exchange and collect data. The key technologies that enable smart home appliances include Wi-Fi, Bluetooth Low Energy, micro servers and micro-electromagnetically systems.
5. Growing Demand for Smart Tv
Requests for smart TVs are being driven by rising consumer preferences for personal built-in smart devices, and increased Internet penetration. Smart TVs incorporate television and computer features, and include television sets with integrated functions for internet use. Smart TV users are also offered direct access to streaming services like Netflix and Amazon Prime Instant Video.
Feel free to contact E-SPIN for assist you adapt the trend for electronic industry, from infrastructure availability, performance and security monitoring and testing solution.