TechNavio today launched its report Electronic Component Manufacturing Industry in China 2012-2016 based on an in-depth analysis covering China. The report aims to aid decision makers™ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio™s Hardware team said: The industry is characterized by high entry barriers. One of the major reasons for this is the requirement for high R&D spending. The vendors in the industry are focusing more on improving the existing technologies in order to be able to match the global standards. This is achievable only through technical reforms and increased R&D. It is expected that the R&D spending of the regional vendors will increase during the forecast period despite the increase in cost pressures. This is absolutely necessary if the country wishes to be able to compete at the global level and be a leading supplier for the numerous international firms.
According to the report, the increase in the integration of electronic equipment into automobiles will tend to increase the demand for electronic components. It is expected that the increasing adoption of electronics in automobiles will increase the demand for electronic components.
Furthermore, China is witnessing an increase in the number of manufacturing facilities of the players operating in the Automobile sector. As a result, the industry is expected to witness an increase in domestic demand as well as in overseas demand. Thus, the increasing adoption of electronic devices in automobiles will tend to increase the growth prospects of the industry in China.
Further, the report discusses how the lack of expertise in core technologies is likely to pose a challenge to the growth of this industry.
The report also includes a discussion of the key vendors operating in this market. The key vendors dominating this market space are Qunkang Technology Shenzhen Co. Ltd., Hongfutai Precision Electronics (Yantai) Co. Ltd., Wuxi Sharp Electronic Components Co. Ltd., Tianjin Jinya Electronics Co. Ltd., and Delta Electronics Power (Dongguan) Co. Ltd. The other vendors mentioned in the report are Guangmao Scientific and Technologic (Guangzhou) Co. Ltd., Zhongda Electronics (Jiangsu) Co. Ltd., Hailiang Storage Products Co. Ltd., United Win (China) Technology Ltd., and TDK Xiamen Co. Ltd.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/electronic-component-manufacturing-indu…
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Hardware market research, please visit https://www.technavio.com/hardware
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TechNavio Announces the Publication of its Research report – Electronic Component Manufacturing Industry in China 2012-2016
