Collaborations In The Electronics Market Leading To Cost Minimization
Posted by praneeth on October 18th, 2018
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 USD 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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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 USD 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 USD 8000 for an individual user. To use across your office, the price is USD 12000 and USD 16000 if you wish to use across a multinational company.
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About the Authorpraneeth
Joined: June 6th, 2018
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