DUBLIN – Favorable demographics, rising consumer incomes, and more interconnected lifestyles are anticipated to boost the global consumer electronics industry to an estimated $1.21 trillion in 2017, with a CAGR of 5.4% between 2012 and 2017, says Research and Markets.
NEW YORK -- Deutsche Bank today lowered its forecast for the PC market as consumers and businesses showed lackluster enthusiasm for the new Windows 8 OS.
EL SEGUNDO, CA – Driven by a series of government policies, revenue for China’s medical electronics industry is slated to nearly double in five years starting from 2011, says IHS iSuppli.
China’s medical electronics industry is being negatively impacted by the weak global economic environment, especially in the export sector, the firm says. However, a series of stimulus efforts is being carried out by the Chinese government this year, boosting domestic demand.
Revenue in 2011 from China’s medical electronics industry amounted to $4 billion, a 19.6% year-over-year expansion. IHS estimates that medical electronics’ revenues will reach $4.8 billion this year, a further 18.4% increase. With strong momentum generated by government policies, the market is expected to reach $7.4 billion by 2016, equivalent to a five-year compound annual growth rate of 13%.
IHS predicts revenue from consumer medical devices will rise to $1.1 billion in 2012, a 19% increase from 2011.
The research firm forecasts that China’s consumer medical devices market will use up semiconductor devices valued at approximately $70 million in 2012, accounting for 28.5% of total consumption.
EL SEGUNDO, CA – More than half of all electronics OEMs worldwide plan to reduce the number of contract manufacturers they work with during the next year, according to a survey by IHS iSuppli.
Some 51% of responding OEMs, citing increased pressure to maintain profitability and streamline operations, said they would cut the overall number of electronics manufacturing services providers with which they currently do business.
“The IHS survey reveals that most OEMs want to trim their outsourced manufacturing supply base in order to bring down cost, with the consolidation of suppliers serving as the next biggest reason,” said Thomas J. Dinges, CFA, senior principal analyst for EMS & ODM research at IHS. ”While the impact of this trend is still to be determined, such a move by OEMs potentially could result in a reduction in the number of electronics manufacturing services, original design manufacturers and joint design manufacturers competing in the outsourced manufacturing business during the next 12 months.”
On average, each OEM now works with eight outsourced manufacturing partners spanning EMS- , ODM- and/or JDM-type engagements, according to the survey.
Most OEMs said they believe that outsourcing can help reduce costs, but the vast majority said they have no visibility into the cost structure of their EMS, ODM and JDM partners.
Overall, the two most commonly cited changes that OEMs say they want to make with their outsourced manufacturing services providers during the next six months are lead-time reduction and price negotiation.
Almost half of OEMs in China still don't require third-party audits of their outsourced manufacturing providers to ensure compliance with local labor laws, the survey revealed.
