What Is the Electronics Sector?
This sector produces electronic equipment and its consumer and manufactures electrical components for a variety of products. Common items in this sector include mobile devices, televisions, and circuit boards. Industries within this sector include telecommunications, networking, electronic components, industrial electronics, and consumer electronics.
Growth in the Electronics Sector
This sector is growing rapidly as a result of increasing demand from emerging market economies. As a result, many countries are increasingly producing more electronics, and investment in the foreign production of it has increased dramatically.
This sector growth is accelerated by increased consumer spending around the world. As developing economies grow, consumer demand for it also grows. Countries that produce this now have strong consumer bases that can afford new electronic products. At the same time, increased competition is driving the costs of this production down, making products even cheaper for individuals.
China has been a significant producer for a long time and is now also a major market for consumer and this industrial . They expect Asia's proportion of the market for this sector to represent approximately half of the global market within the next several decades. This increase means better profitability for the industry at large in the future.