According to the analysis of the electronic products industry, the global revenue from intelligent manufacturing of electronic products in various fields was approximately $412.9 billion in 2015 and $426.6 billion in 2016. It is estimated to reach around $526 billion by 2021, with an average compound annual growth rate of about 4.4% from 2017 to 2021. Among these, the Asian market accounted for approximately $345.3 billion and $352.9 billion in revenue in 2015 and 2016, respectively, representing 84% and 83% of the total revenue in the global electronic products intelligent manufacturing industry.
Consumer electronic products primarily include smartphones, televisions, PCs, and other areas. In the downstream terminal equipment sector, the smartphone market share in domestic sales significantly exceeds that of the United States. The smartphone market share has been rapidly increasing in recent years, far surpassing the single-digit growth level of various sectors on average.
Trends in the Electronic Products Industry:
In the field of equipment intelligent manufacturing, various electronic communication products provide overall supply chain solutions such as design, engineering development, raw material procurement, production processing, logistics, testing, and after-sales service. The emergence of this industry is the result of the specialization and division of labor in the global industrial manufacturing industry chain. As the electronic communication products industry trends towards vertical integration and horizontal division of labor, brand owners gradually regard design, marketing, and brand management as their core competitive strengths, outsourcing the manufacturing part.
As the service model of electronic product intelligent manufacturing becomes increasingly mature and the comprehensive service capabilities of manufacturing service providers continue to improve, the services involved in the global electronic product intelligent manufacturing industry are developing horizontally. Electronic product intelligent manufacturing services have gradually expanded from initially focusing on computer and consumer electronic product manufacturing to multiple industry sectors. Currently, electronic product intelligent manufacturing services cover various fields such as communication networks, household appliances, industrial control, consumer electronics, medical electronics, aerospace, and aviation.
From the perspective of leading electronic product intelligent manufacturing service providers worldwide, the role of acting as a supply chain consultant for brand owners is becoming increasingly prominent. After brand owners abandon many important links in the supply chain adjustment, they increasingly rely on electronic product intelligent manufacturing service providers with outstanding comprehensive capabilities to cooperate in optimizing the various processes of commodity supply. The relationship between the two parties is gradually transitioning from a simple buying and selling agreement to a solid long-term strategic partnership, achieving collaborative development.
As the electronic manufacturing service model matures and the comprehensive service capabilities of service providers continue to improve, the electronic manufacturing service industry worldwide is expanding its service coverage, and the total outsourcing volume is showing a year-on-year increase. In order to meet the growing demand of brand owners for value-added services, the scope of electronic manufacturing services continues to expand, gradually covering the high-end segments of the product value chain. This trend provides broader development space for manufacturers with product planning, design, and research and development capabilities like our company.
This concludes all the content of the market analysis and application of electronic products. We hope it is helpful to you.
